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Also what is there favorite past times, history, inventions, heros of moderate muslim, etc.

2007-05-01 21:31:06 · 4 answers · asked by Anonymous in Politics & Government Military

4 answers

No safe way for U.S. to leave Iraq, experts warn
Story Highlights
• Experts paint bleak picture of Iraq if U.S. troops fully withdraw
• Among potential scenarios: al Qaeda terror hub and larger regional conflict
• CNN analyst: "Saudi Arabia will not allow increasing Iranian dominance"
• U.S. general says early pullout would cause "huge vacuum" Adjust font size:
(CNN) -- Pulling U.S. forces from Iraq could trigger catastrophe, CNN analysts and other observers warn, affecting not just Iraq but its neighbors in the Middle East, with far-reaching global implications.

Sectarian violence could erupt on a scale never seen before in Iraq if coalition troops leave before Iraq's security forces are ready. Supporters of al Qaeda could develop an international hub of terror from which to threaten the West. And the likely civil war could draw countries like Turkey, Saudi Arabia and Iran into a broader conflict.

President Bush vetoed a war spending bill Tuesday precisely because the Democrat-led Congress required the first U.S. combat troops to be withdrawn by October 1 with a goal of a complete pullout six months later.

Bush said such a deadline would be irresponsible and both sides are now working on new proposals -- which may have no pullout dates.

A rapid withdrawal of all U.S. troops would hurt America's image and hand al Qaeda and other terror groups a propaganda victory that the United States is only a "paper tiger," CNN terrorism analyst Peter Bergen said. (Send us your reaction)

"It would also play into their strategy, which is to create a mini-state somewhere in the Middle East where they can reorganize along the lines of what they did in Afghanistan in the late '90s," Bergen told CNN.com.

It was in Afghanistan where Osama bin Laden and al Qaeda allied with the Taliban, and were allowed to run terror bases and plan the September 11, 2001 attacks against the United States.

Bergen says it is imperative that the United States not let that happen in Iraq.

"What we must prevent is central/western Iraq [from] becoming a Sunni militant state that threatens our interests directly as an international terror hub," he said.

Don Shepperd, a retired Air Force major-general and military analyst for CNN, agreed that Sunni Muslim fighters who support al Qaeda would seek an enclave inside a lawless Iraq likely riven along sectarian lines into Shiite, Sunni and Kurdish regions.

There would be "increasing attempts by terrorists to establish a training sanctuary in Iraq," Shepperd said.

That's one of the reasons why a fast withdrawal will not happen, whatever the politicians say, the analysts predict. (Watch why a radical Shiite cleric wants U.S. troops out )

"Everyone wants the troops home -- the Iraqis, the U.S., the world -- but no one wants a precipitous withdrawal that produces a civil war, a bloodbath, nor a wider war in an unstable Mideast," Shepperd said, adding that the image of the United States was important too.

For Dollars or for Jihad?
Dollars or Jihad?
Iraqis are getting paid between $100 and $200 (250,000 Iraqi dollars) each attack weather lobbing a grenade in the green zone (IZ), killing an Iraqi police officer, or Iraqi civilians.

Here is a portion of an insurgent being interogated:

Officer: were you doing these killings for Jihad?
Criminal: yes Sir.
Officer: for Jihad or for money?
Criminal: for both Sir.
Officer: how could Jihad be paid for!!
Criminal: (no answer)
Officer: you're Muslim?
Criminal: yes
Officer: on ID card, huh?
Criminal: yes
Officer: do you pray or go to the mosque?
Criminal: no
Officer: do you drink?
Criminal: yes Sir.
Officer: so you don't pray and you don't go to the mosque and you drink and you kill for money and after all this you call your evil doings Jihad?!!! And you call your group the "Islamic Army"!!
Criminal: (no answer again)
Officer: so, tell me about those 9 policemen. Where were they coming from and where were they heading?
Criminal: coming from 'Msayab and heading to Hilla
Officer: so they weren't coming from Tel Aviv? (from the officer's tone, obviously mocking the conspiracy theorists).
Criminal: no Sir, they were Iraqis.
Officer: THEN WHY DID YOU KILL THEM!!


Culture of Iraq
Send our troops in Iraq soccer balls so they can make some new friends!

There is also a link below about Iran’s Culture I found very interesting and informative. I have always been a history and war buff, since the two seem to go hand in hand. One reason I write here about the culture and history is like one Arab Blog said "know your enemy" and also cited that other famous quote "keep your friends close and your enemies closer". Only by doing these things can we progress against the terror propaganda? Also without this we are fighting blind and dumb.

The following is copy/pasted from wikipedia:


Archaeological losses

Many treasures of Mesopotamian archaeology were housed in the Baghdad Museum until 2003, when they were lost to looting and vandalism during the chaos that accompanied the 2003 invasion of Iraq by the United States and allies. The number and value of stolen items are disputed. A campaign was launched soon after the loss, with the help of the British Museum, to catalog and eventually recover looted works. Appeals by the museum resulted in some items being returned. Others clearly were stolen by criminal gangs with the intent of sale abroad.


Modern culture
In the most recent millennium, what is now Iraq has been made up of five cultural areas: Kurdish in the north centered on Arbil; Sunni Islamic Arabs in the center around Baghdad; Shi'a Islamic Arabs in the south centered on Basra; the Assyrians, who are a Christian people, living in various cities in the North; and the Marsh Arabs, a nomadic peoples, who live on the marshlands of the central river.

Markets, and debating the price of goods, are the common form of trade.

Idioms

Like many other nations, slapping somebody with your shoe, even symbolically, is considered an insult. Although in Iraq this is more popular than anywhere else, particular in such incidents as the beating of Saddam Hussein's statue in "Firdus Square" after its toppling, with the help of U.S. troops. As in other Arab nations, the left hand is used for sanitary activities including the restroom, and the right hand is used for food and greeting; offering to shake with the left hand may be perceived as an insult, and eating with the left hand embarrassing.


Sports in Iraq
Main article: Sport in IraqThe most popular sport in Iraq is soccer or football. The national football team reached the World Cup finals in 1986, but failed to progress out of the group stage. Recently they reached the finals of the Asian Games in 2006, defeating former World Cup semifinalists South Korea in 2006 and eventually losing to Qatar. Football is largely seen as a uniting factor in the country following years of war and unrest.This is also the most practiced sport in Iraq. Iraq also enjoys hockey and swimming plus a little golf


See also
History of Iraq Music of Iraq Iraqi cuisine List of Iraqi artists
External links
Iraqi cultural heritage sites photos from The Guardian Babylonia The 2003- Iraq War & Archaeology Clickable map of Iraq's holy and historic sites from Atlas Tours


Culture of AsiaAfghanistan · Armenia · Azerbaijan · Bahrain · Bangladesh · Bhutan · Brunei · Cambodia · China (People's Republic of China (Hong Kong • Macau) · Republic of China (Taiwan)) · Cyprus · East Timor · Georgia · India · Indonesia · Iran · Iraq · Israel · Japan · Jordan · Kazakhstan · Korea (North Korea · South Korea) · Kuwait · Kyrgyzstan · Laos · Lebanon · Malaysia · Maldives · Mongolia · Myanmar · Nepal · Oman · Pakistan · Palestine · Philippines · Qatar · Russia· Saudi Arabia · Singapore · Sri Lanka · Syria · Tajikistan · Thailand · Turkey · Turkmenistan · United Arab Emirates · Uzbekistan · Vietnam · Yemen

2007-05-03 20:28:21 · answer #1 · answered by Ian Bach 2 · 3 0

Iraq used to be the center of Persia.

People think that they are Animals and lower human. But they are a very sophisticated culture and one of the first civilizations of Earth.

No matter what people think today, without Persians we would not have ANYTHING that we have today. They invented many core concepts of Math and completely Invented Algebra.

Also, our numbers are Arabic numerals. Not exactly the same, but they are modeled after them.

They are a very interesting culture, I hope Iraq returns to it's glory one day. I really feel for those people.

If Iraq were to return to being a peaceful state, then it would probably be a huge tourist attraction. The history runs very deep.

2007-05-01 21:35:16 · answer #2 · answered by Anonymous · 1 1

Yup the news is totaly twisted and only shows one side. The main resistance is from Al Qaeda and local insurgents who get paid 100-200 $ to throw a grenade, set an IED, or launch a mortar on innocent civilians.

The reconstruction is going well. The militarys have been retrained to perform better against a insurgency, and to work closer with local ciitizens and population/government.

2007-05-02 20:33:47 · answer #3 · answered by Anonymous · 1 0

The Republic of Iraq is a country in Southwest Asia spanning most of Mesopotamia as well as the northwestern end of the Zagros mountain range and the eastern part of the Syrian Desert. It shares borders with Kuwait and Saudi Arabia to the south, Jordan to the west, Syria to the northwest, Turkey to the north, and Iran to the east. It has a very narrow section of coastline at Umm Qasr on the Persian Gulf.

Modern-day Iraq covers a large area of Mesopotamia, which is considered one of the cradles of civilization. It was on the banks of the Tigris, which passes through the capital Baghdad, that writing is believed to have been born. During its long history, it has been part of the Persian, Ottoman and British empires.

Today, Iraq is a developing nation that is the focus of increased attention from the West because of the Iraq War.

There are several suggested origins for the name Iraq. One dates to the Sumerian city of Uruk (or Erech); another posits that Iraq comes from the Aramaic language, meaning "the land along the banks of the rivers;" another, that Iraq refers to the root of a palm tree numerous in the country.

Under the Persian Sassanid dynasty, there was a region called "Erak Arabi," referring to the part of the south western region of the Persian Empire that is now part of southern Iraq. The name Al-Iraq was used by the Arabs themselves, from the 6th century, for the land Iraq covers.
The upper part of the stela of Hammurabi's code of lawsIraq was historically known as Mesopotamia, which, in Greek, literally means "between the rivers". It was home to the world's first known civilization, the Sumerian culture, which was followed by the Akkadian, Babylonian, and Assyrian cultures, whose influence extended into neighboring regions as early as 5000 BC. These civilizations produced the earliest writing and some of the first sciences, mathematics, laws and philosophies of the world; hence its common epithet, the "Cradle of Civilization". Ancient Mesopotamian civilization dominated other civilizations.

In the sixth century BC, the Neo-Babylonian Empire was conquered by Cyrus the Great and thus Mesopotamia was incorporated in the Achaemenid Persian Empire for nearly four centuries, before it was conquered again by Alexander the Great, and then remained under Hellenistic rule for nearly two centuries. A Central Asian tribe of ancient Iranian peoples known as the Parthians then annexed the region, followed by the Sassanid Persians. The region remained as a province of the Persian Empire for nine centuries, until the 7th century.

Beginning in the seventh century AD, Islam spread to what is now Iraq during the Islamic conquest of Persia, led by the Muslim Arab commander Khalid ibn al-Walid. Under the Rashidun Caliphate, the prophet Mohammed's cousin and son-in-law Ali moved his capital to Kufa "fi al-Iraq" when he became the fourth caliph. The Umayyad Caliphate, ruling from Damascus in the 7th century, ruled the province of Iraq.

The city of Baghdad was built, in Iraq, in the 8th century as the capital of the Abbasid Caliphate, and became the leading city of the Arab and Muslim world for five centuries. Baghdad was the largest multicultural city of the Middle Ages, peaking at a population of more than a million, and was the centre of learning during the Islamic Golden Age, until its eventual destruction during the sack of Baghdad in the 13th century.


Mongol Conquest
Main article: Battle of Baghdad (1258)
In 1257 Hulagu Khan amassed an unusually large army, perhaps ten percent of all available Mongol fighters, for the purpose of conquering Baghdad. When they arrived at the Islamic capital, Hulagu demanded surrender but the caliph refused. This angered Hulagu, and, consistent with Mongol strategy of discouraging resistance, Bagdhad was decimated. Estimates of the numbers of dead range from 200,000 to a million.

The Grand Library of Baghdad (Arabic بيت الحكمة Bayt al-Hikma, lit., House of Wisdom), containing countless precious historical documents was destroyed along with the Abbasid Caliphate. The city would never regain its status as major center of culture and influence.


Ottoman Empire
Later, the Ottoman Turks took Baghdad from the Persians in 1535. The Ottomans lost Baghdad to the Iranian Safavids in 1509, and took it back in 1632. Ottoman rule lasted until World War I, during which the Ottomans sided with Germany and the Central Powers.


World War I
Main article: Mesopotamian campaign
During World War I the Ottomans were driven from much of the area by the United Kingdom during the dissolution of the Ottoman Empire. The British lost 92,000 soldiers in the Mesopotamian campaign. Ottoman losses are unknown but the British captured a total of 45,000 prisoners of war. By the end of 1918 the British had deployed 410,000 men in the area, though only 112,000 were combat troops.


During World War I the British and French divided the Middle East in the Sykes-Picot Agreement. The Treaty of Sèvres, which was ratified in the Treaty of Lausanne, led to the advent of the modern Middle East and Republic of Turkey. The League of Nations granted France mandates over Syria and Lebanon and granted the United Kingdom mandates over Iraq and Palestine (which then consisted of two autonomous regions: Palestine and Transjordan). Parts of the Ottoman Empire on the Arabian Peninsula became parts of what are today Saudi Arabia and Yemen.


British Mandate of Mesopotamia
Main article: British Mandate of Mesopotamia
At the end of World War I, the League of Nations granted the area to the United Kingdom as a mandate. It was formed out of three former Ottoman vilayets (regions): Mosul, Baghdad, and Basra.

For three out of four centuries of Ottoman rule, the vilayets of Baghdad, Mosul, and Basra were administered from Baghdad. During the British mandate, the country was ruled by British colonial administrators who used the British armed forces to put down rebellions against British rule. They selected the Hashemite king, Faisal, who had been forced out of Syria by the French, to be their client ruler. The government and ministries' officers were likewise appointed by British authorities, selected from the Sunni Arab elite in the region.


Hashemite monarchy
Iraq was granted independence in 1932 on the urging of King Faisal, though the British retained military bases and transit rights for their forces. King Ghazi of Iraq ruled as a figurehead after King Faisal's death in 1933, while undermined by attempted military coups (dictatorships), until his death in 1939. Iraq was invaded by the United Kingdom in 1941, for fear that the government of Rashid Ali might cut oil supplies to Western nations, and because of his strong idealogical leanings to Nazi Germany. A military occupation followed the restoration of the Hashemite monarchy, and the occupation ended on October 26, 1947. The rulers during the occupation and the remainder of the Hashemite monarchy were Nuri al-Said, the autocratic prime minister, who also ruled from 1930-1932, and 'Abd al-Ilah, an advisor to the king Faisal II.


Republic of Iraq
The reinstated Hashemite monarchy lasted until 1958, when it was overthrown by a coup d'etat of the Iraqi Army, known as the 14 July Revolution. The coup brought Brigadier General Abdul Karim Qassim to power. He withdrew from the Baghdad Pact and established friendly relations with the Soviet Union, but his government lasted only until 1963, when it was overthrown by Colonel Abdul Salam Arif. Salam Arif died in 1966 and his brother, Abdul Rahman Arif, assumed the presidency. In 1968, Rahman Arif was overthrown by the Arab Socialist Baath Party. This movement gradually came under the control of Saddam Hussein al-Majid al Tikriti, who acceded to the presidency and control of the Revolutionary Command Council (RCC), then Iraq's supreme executive body, in July 1979, while killing off many of his opponents.


Saddam Hussein
Main article: Saddam Hussein
Saddam's regime lasted throughout the Iran-Iraq War (1980–1988), during which Iraqi forces attacked Iranian soldiers and civilians with chemical weapons. The war ended in stalemate. This period is notorious for the Saddam regime's human rights abuses, for instance, during the Al-Anfal campaign.

Osirak (also spelled Osiraq) was constructed by the Iraqi government at the Al Tuwaitha Nuclear Research Center, 18 km (11 miles) south-east of Baghdad in 1977. It was a 40 MW light-water nuclear materials testing reactor (MTR). Israeli aircraft bombed it in 1981, in order to prevent the regime from using the reactor for creation of nuclear weapons.

Main article: Gulf War
In 1990 Iraq invaded Kuwait, resulting in the Gulf War and economic sanctions imposed by the United Nations at the behest of the U.S. The economic sanctions were intended to compel Saddam to dispose weapons of mass destruction.[6] Critics estimate that more than 500,000 Iraqi children died as a result of the sanctions.[7] The U.S. and the UK declared no-fly zones over Kurdish northern and Shiite southern Iraq to oversee the Kurds and southern Shiites.


2003 invasion by American-led Coalition Forces
Main article: 2003 invasion of Iraq

Downtown Baghdad monument of Saddam Hussein vandalized by Iraqis shortly after the Occupation of Coalition Forces in April 2003.Iraq was invaded in March 2003 by a United States-organized coalition, with the stated reason that Iraq had not abandoned its nuclear and chemical weapons development program according to United Nations resolution 687. When Iraq invaded Kuwait, the United Nations Security Council, under Chapter VII of the United Nations Charter, adopted resolution 678, authorizing armed action against Iraq. Resolution 678 contained vague language authorizing U.N. member states to use "all necessary means" to "restore international peace and security in the area." After Iraq was expelled from Kuwait the United Nations passed a cease-fire resolution 687. The agreement included provisions obligating Iraq to discontinue its nuclear weapons program. The United States asserted that because Iraq was in "material breach" of resolution 687, the armed forces authorization of resolution 678 was revived.

The public justifications, given for invasion including purported Iraqi government links to Al Qaeda, claimed that Iraq had weapons of mass destruction, and that they had the opportunity to remove an oppressive dictator from power, and to bring democracy to Iraq. In his State of Union Address on January 29, 2002, the American President George W. Bush declared that Iraq was a member of the "axis of evil"; and that, like North Korea and Iran, Iraq's attempt to acquire weapons of mass destruction gave credentials to the claim that the Iraqi government posed a serious threat to America's national security. He added, "Iraq continues to flaunt its hostilities toward America and to support terror. The Iraqi regime has plotted to develop anthrax, and nerve gas, and nuclear weapons for over a decade... This is a regime that agreed to international inspections--then kicked out inspectors. This is a regime that has something to hide from the civilized world... By seeking weapons of mass destruction, these regimes [Iran, Iraq and North Korea] pose a grave and growing danger. They could provide these arms to terrorists, giving them the means to match their hatred."


Post-invasion Iraq
Main article: Post-invasion Iraq, 2003–present
The United States established the Coalition Provisional Authority to govern Iraq.[specify] Government authority was transferred to an Iraqi Interim Government in 2004 and a permanent government was elected in October 2005. More than 140,000 Coalition troops remain in Iraq.

Studies have placed the number of civilians deaths as high as 655,000 (see The Lancet study), although most studies have put the number much lower: the Iraq Body Count project has a figure of less than 10% of The Lancet Study. The website of the Iraq body count however states, "Our maximum therefore refers to reported deaths - which can only be a sample of true deaths unless one assumes that every civilian death has been reported. It is likely that many if not most civilian casualties will go unreported by the media."

After the invasion, al-Qaeda took advantaged of the insurgency to entrench itself in the country[9] concurrently with a Arab-Sunni led insurgency and sectarian violence. In 2006 Foreign Policy Magazine named Iraq as the fourth most unstable nation in the world.

On December 30, 2006, Saddam Hussein was hanged. [4] Hussein's half-brother and former intelligence chief Barzan Hassan and former chief judge of the Revolutionary Court Awad Hamed al-Bandar were likewise executed on January 15, 2007; [5] as was Taha Yassin Ramadan, Saddam's former deputy and former vice-president (originally sentenced to life in prison but later to death by hanging), on March 20, 2007. Ramadan was the fourth and last man in the al-Dujail trial to die by hanging for crimes against humanity.


Iraqi diaspora
Main article: Iraqi diaspora
The dispersion of native Iraqis to other countries is known as the Iraqi diaspora. There have been many large-scale waves of emigration from Iraq, beginning early in the regime of Saddam Hussein and continuing through to 2007. The UN High Commission for Refugees has estimated that nearly two million Iraqis have fled the country in recent years, mostly to Jordan and Syria. [7] Although some expatriates returned to Iraq after the 2003 invasion, the flow had virtually stopped by 2006.


Government

Politics

Printable map of IraqMain article: Politics of Iraq
Iraq was under Baath Party rule from 1968 to 2003; in 1979 Saddam Hussein took control and remained president until 2003 after which he was unseated by a US-led invasion.

On October 15, 2005, more than 63% of eligible Iraqis came out across the country to vote on whether to accept or reject the new constitution. On October 25, the vote was certified and the constitution passed with a 78% overall majority, with the percentage of support varying widely between the country's territories.[10] The new constitution had overwhelming backing among the Shia and Ķurdish communities, but was overwhelmingly rejected by Arab Sunnis. Three majority Arab Sunni provinces rejected it (Salah ad Din with 82% against, Ninawa with 55% against, and Al Anbar with 97% against).

Under the terms of the constitution, the country conducted fresh nationwide parliamentary elections on December 15 to elect a new government. The overwhelming majority of all three major ethnic groups in Iraq voted along ethnic lines, turning this vote into more of an ethnic census than a competitive election, and setting the stage for the division of the country along ethnic lines.

Iraqi politicians have been under significant threat by the various factions that have promoted violence as a political weapon. The ongoing violence in Iraq has been incited by an amalgam of religious extremists that believe an Islamic Caliphate should rule, old sectarian regime members that had ruled under Saddam that want back the power they had, and Iraqi nationalists that are fighting the U.S. military presence.


Minority politics
Main article: Minority politics in Iraq
There are a number of ethnic minority groups in Iraq: Kurds, Assyrians, Mandeans, Iraqi Turkmen, Shabaks and Roma. These groups have not enjoyed equal status with the majority Arab populations throughout Iraq's eighty-five year history. Since the establishment of the "no-fly zones" following the Gulf War of 1990-1991, the situation of the Kurds has changed as they have established their own autonomous region. The remainder of these ethnic groups continue to suffer discrimination on religious or ethnic grounds.


Governorates
Main article: Governorates of Iraq
Further information: Districts of Iraq
Iraq is divided into eighteen governorates (or provinces) (Arabic: muhafadhat, singular - muhafadhah, Kurdish: پاریزگه Pârizgah). The governorates are subdivided into qadhas (or districts).

Baghdad
Salah ad Din
Diyala
Wasit
Maysan
Al Basrah
Dhi Qar
Al Muthanna
Al-Qādisiyyah
Babil
Karbala
An Najaf
Al Anbar
Ninawa
Dahuk
Arbil
At Ta'mim (Kirkuk)
As Sulaymaniyah


Main article: Federalism in Iraq
The new constitution of Iraq provides for regions to be created by combining one or more governorates. There is currently only one Region in existence - Iraqi Kurdistan - and there are proposals for one or more further regions to be created in the south.


Geography
Main article: Geography of Iraq
At 168,743 sq.mi (437,072 km²), Iraq is the 58th-largest country in the world, after Morocco. It is comparable in size to the US state of California, and somewhat larger than Paraguay.

Large parts of Iraq consist of desert, but the area between the two major rivers (Euphrates and Tigris) is fertile, with the rivers carrying about 60 million cubic metres (78 million cu. yd) of silt annually to the delta. The north of the country is largely mountainous, with the highest point being a 3,611 metres (11,847 ft) point, unnamed on the map opposite, but known locally as Cheekah Dar (black tent). Iraq has a small coastline with the Persian Gulf. Close to the coast and along the Shatt al-Arab (known as arvandrūd: اروندرود among Iranians) there used to be marshlands, but many of these were drained in the 1990s.

The local climate is mostly desert with mild to cool winters and dry, hot, cloudless summers. The northern mountainous regions experience cold winters with occasional heavy snows, sometimes causing extensive flooding. The capital of Baghdad is situated in the centre of the country, on the banks of the Tigris. Other major cities include Basra in the south and Mosul in the north.

While its proven oil reserves of 112 billion barrels ranks Iraq second in the world behind Saudi Arabia, the United States Department of Energy estimates that up to 90 percent of the country remains unexplored. Unexplored regions of Iraq could yield an additional 100 billion barrels. Iraq's oil production costs are among the lowest in the world. However, only about 2,000 oil wells have been drilled in Iraq, compared to about 1 million wells in Texas alone.[11]


Economy:
An old 50 dinar billIraq's economy is dominated by the oil sector, which has traditionally provided about 95 percent of foreign exchange earnings. In the 1980s financial problems caused by massive expenditures in the eight-year war with Iran and damage to oil export facilities by Iran led the government to implement austerity measures, borrow heavily, and later reschedule foreign debt payments. Iraq suffered economic losses from the war of at least US$100 billion. After hostilities ended in 1988, oil exports gradually increased with the construction of new pipelines and restoration of damaged facilities. A combination of low oil prices, repayment of war debts (estimated at around US$3 billion a year) and the costs of reconstruction resulted in a serious financial crisis which was the main short term motivation for the invasion of Kuwait.


A Rendering of Tahrir Square, the first phase of the Baghdad Renaissance Plan, a private investment reconstruction effort.On November 20, 2004, the Paris Club of creditor nations agreed to write off 80% ($33 billion) of Iraq's $42 billion debt to Club members. Iraq's total external debt was around $120 billion at the time of the 2003 invasion, and had grown by $5 billion by 2004. The debt relief will be implemented in three stages: two of 30% each and one of 20%.

At the end of 2005, and in the first half of 2006, Iraq implemented a restructuring of about $20 billion of commercial debt claims on terms comparable to that of its November 2004 Paris Club agreement (i.e. with an 80% writeoff). Iraq offered to its larger claimants a U.S. dollar denominated bond maturing in 2028. Smaller commercial claimants received a cash settlement of comparable value.

2007-05-01 21:47:36 · answer #4 · answered by FRAGINAL, JTM 7 · 0 2

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