An International Monetary Fund debt sustainability analysis on Iraq has been submitted to Paris Club creditors, an IMF spokesman said on Thursday, as the US urges governments to forgive a large part of the debt.
The analysis will help creditor nations decide how much of the estimated $120 billion debt should be forgiven to help the country recover from decades of isolation and conflict.
"We have submitted a debt sustainability analysis to the Paris Club and governments have it as well," IMF spokesman Thomas Dawson told a regular news briefing.
"It was a task we undertook at the request of creditors and the Paris Club and provided an analysis of the (debt) profile and a variety of different scenarios," Dawson said. "It was not a recommendation (but) was a look at different scenarios."
He said the analysis was confidential and would not be made public by the fund.
A Paris Club official confirmed the group had received the IMF documents and said the matter would be discussed at a meeting of creditors in June.
Dawson said the IMF was separately in talks with Iraqi officials about post-conflict assistance that would be finalised once a "broadly recognised" government was in place after the June 30 hand-over to a caretaker government.
"That is a process that is taking place largely outside the fund," he said.
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