News: "Further complicating the issue, the Senate amendment contains the rider that the loan could be reconverted into an outright grant if Iraq's foreign creditors, including France, Russia and Germany, agree to forgive 90 per cent of official debt, around $130bn, run up by Saddam Hussein's regime. But this only increases the risk that assistance for Baghdad will become entangled with the thorny question of Iraqi debt and war reparations. The White House argues that it will give foreign governments indirect control of a key US policy. " I had heard it was closer to $200bln but its mucho mula Iraq owed.