Iraqi PM calls for debt waiver at global conference

Iraq is for instance still paying Kuwait damages following Hussein's 1990 invasion of the country amounting to tens of billions of dollars. Baghdad is required to place five percent of its oil revenues in a United Nations fund for paying the war reparations.

According to the Iraqi government, Iraq's total debt, excluding interest, is some 140 billion dollars, including 10 billion dollars owed to Saudi Arabia and a little less to Kuwait.