to them in the form of pre-"war" loans. Having said that, these "loans" were probably conjured up in order to conceal the millions missing at the beginning of the "war".
Iraq debt of 3.8 billion owed to UAE.
http://www.dallasnews.com/sharedcontent/iraq/homefront/... snip
Emirates says it's willing to forgive most of Iraq's $14 billion debt
01:13 PM CST on Tuesday, January 20, 2004
Associated Press
ABU DHABI, United Arab Emirates — After a visit by former U.S. Secretary of State James A. Baker III, the United Arab Emirates said Tuesday it was willing to forgive most of Iraq's $3.8 billion debt to the Gulf state.
Sheik Khalifa bin Zayed, Crown Prince of Abu Dhabi, the capital of the United Arab Emirates, made the announcement. Baker is traveling the globe on behalf of President Bush in an effort to persuade countries to forgive Iraqi debt.
snip
Baker also will visit Saudi Arabia, Qatar and Kuwait, attempting to persuade oil-rich countries in the Middle East to forgive billions of dollars in debt accumulated by Iraq during the rule of Saddam Hussein, who was deposed by a U.S.-led invasion in April.
snip
Iraq owes the United States more than $4 billion. That includes $1.9 billion in principal and $1.1 billion in interest on Agriculture Department-guaranteed loans. (psst..Agriculture Dept. known for ties to CIA)