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World Bank President James Wolfensohn told the press Sunday that the problem of Iraqi debts is a bilateral issue, hinting it should be solved in a bilateral way.
As the Iraq war is drawing to an end, the massive debts of Iraq have emerged as a hot issue at the spring meetings of the World Bank and the International Monetary Fund (IMF).
As the World Bank is widely requested to join in the global efforts of rebuilding Iraq, Wolfensohn's remarks obviously could be seen as another clear step which might have an influence on the process of solving the Iraqi debt problem.
At the G7 meeting held Saturday, industrialized countries agreed to discuss reducing the debts in Iraq, which has been seen as a big gain for the Bush Administration over the reconstruction in Iraq.
(Xinhua News Agency April 13, 2003)
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