National Intelligence Daily
AFFROVED TOR RELEASE DATE: 5
FRANCE-IRAQ: Financial Altltlanca
Franca haa agreed to provKjo Iraq a
illion package to refinance lis debts lo Frenchn0 million debt owed to French firms asot additional costs stemming from the war with Iran remainsresolved. France reportodly agreed earlier to accept Iraqi oilcoverillion thai Iraq owes tor French arms |
Comment: Iraq's desperate financial situation Is forcing il lo obtain Irom all Us major trading partners payment deferrals 'his year. The Arab states ol the Persian Gulf, which wilt provide about Sj Diinon this year, and the commercial money markets ere either unable or unwilling to provido BaohdPd with tho additional financing It needs.