— WASHINGTON (Reuters) - The International Monetary Fund's
policy-setting committee said on Saturday that the fund and World
Bank were ready to help in the reconstruction of war-ravaged Iraq,
and called for the involvement of the Paris Club of country
creditors to look at the country's debts.
"The IMF and World Bank stand ready to play their normal role in
Iraq's redevelopment at the appropriate time ... It is important to
address the debt issue, and we look forward to early engagement of
the Paris Club," the International Monetary and Financial Committee
said in a statement.
The Group of Seven financial leaders said earlier on Saturday the
framework for rebuilding Iraq should be based on a new U.N. Security
Council resolution and British Finance Minister Gordon Brown, who
chaired the IMFC meeting, and said this was their unanimous view.
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