Saudi Arabia, Russia fail to offer debt relief to Iraq at conference
Saudi Arabia said it is still negotiating with Iraq over writing off billions of dollars owed it by the war-torn country and major creditors Kuwait and Russia failed to offer immediate debt relief - a key goal of an ambitious compact to stabilize Iraq launched Thursday.
The absence of major commitments to reduce Iraq's burdensome debt was a disappointment at a major regional conference in the Egyptian resort aimed at showing support for Iraq - and a sign that some, particularly Sunni Arab nations, are still keeping their distance from Iraq's Shiite-led government. (AP)
