Are Iraqi foreign debts still being settled?

Based on the IMF obligations Iraq has the courage and ability to once and for all settle its foreign debts. Notwithstanding the political turmoil in Iraq, it is one of the few countries in the world that so soon after the war and regardless the financial crisis is giving its creditors the possibility to settle claims on Iraq. Much is based on the Paris Club conditions reached in 2004, where creditors are offered a 20% payout on the principal. Governmental and private claims have been settled through the Paris Club and the IDRO with commitment to the ‘comparability of treatment’ principle. Nowadays, the stronger willingness from the Iraqi side to settle may give way to better deals.