Egypt did not waive Iraqi debts - Mubarak

By Staff
|
Google Oneindia News

CAIRO, May 13 (Reuters) Egyptian President Hosni Mubarak has denied that Egypt had forgiven all Iraqi debts to Cairo in comments published in a newspaper today.

Iraqi Finance Minister Bayan Jabor had told reporters at an international conference to pledge support for Iraqi institutions in early May that Egypt had agreed to waive Iraq's 800 million dollars debt.

But Mubarak told Al Messa newspaper the report was inaccurate, and that no decision had been taken on the matter.

''No decision has been taken on this issue. These debts are not government debts ... This is money that belongs to Egyptian citizens who had dealings with Iraq and the Iraqis,'' the newspaper quoted Mubarak as saying.

Mubarak gave no further details.

UN Secretary-General Bank Ki-moon said during the conference that donor countries including Britain, Saudi Arabia, Australia, Spain, Denmark and China had pledged to waive 30 billion dollars in debts owed by the Iraqi government.

Mubarak also said elections for the upper house of parliament would be held on June 11. The Muslim Brotherhood, Egypt's largest opposition group which is currently facing an intensifying government crackdown, has said it plans to field candidates for 20 seats.

REUTERS DS KP1530

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