Odious debt

According to this BBC article, G8 leaders are deciding whether to forgive 50% of Iraq’s odious debt or reach a compromise of 67% or 95%. The Financial Times reports the same without the percentages and includes this quote:

“The United States and Great Britain and Canada and Japan and Italy believe that that number is going to need to be very, very high,” a senior U.S. official said.

Africa is on the agenda today. Why do I doubt the U.S. will coerce encourage the same level of consideration?

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