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Creditors agree to defer Iraq debt payments - IMF
(Agencies)
Updated: 2004-09-30 08:48

The International Monetary Fund said on Wednesday Iraq's official bilateral creditors had agreed to defer debt the country owes them until the end of 2005.

The IMF, which approved $436 million in emergency aid to Iraq on Wednesday, also said the creditors "indicated that they are willing to make their best efforts...to provide debt relief on appropriate terms."

The IMF aid comes as the Paris Club of 19 industrialized countries discuss canceling Iraq's $120 billion foreign debt.

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