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[casi] Madrid Conference




a preliminary look at the figures pledged for Iraq shows far
less spectacular results than immediate press reporting so
far. I roughly counted up the grants and loans, and it comes
to over $13 billion from countries other than the US,as well
as the WB, IMF etc. (the US has already pledged $20 billion,
but the US Senate wants half of that to be a loan).
But,about two-thirds of this $13 billion will take the form
of loans, mainly from the WB, IMF, and Japan. Pledged grants
total only about $3.5 billion, most of that from the EU and
Japan. This is all a bit of a rough guide at the moment, but
its clearly not the wonderful surprise the newswires have
been talking about all day.
Peter Kiernan

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