Conflict in Iraq: The nineteen member Paris Club agrees to forgive 80% of nearly $40 billion in Iraqi debt, in three stages: 20% now, 30% in 2005 and 20% in 2008 in tandem with Iraq's implementation of an International Monetary Fund economic programme. $80 billon in debt to Saudi Arabia and Kuwait, among others, will remain. (BBC)
Ukraine holds the second vote in a run-offpresidential election today. Voters will decide between Moscow-oriented Prime Minister Viktor Yanukovych and western-leaning reformer Viktor Yushchenko. Observers have expressed concern over possible Russian interference, election abuses, and bias in reporting by the state media. With 74% of vote counted, Yanukovych leads Yushchenko 49%-48%. Yushchenko has alleged that massive election fraud has taken place. (BBC)(BBC)
