Posted on 04/03/2003 10:42:45 AM PST by JohnHuang2
US's Snow to talk to G7 on sharing Iraq costs
ORLANDO, Fla., April 3 (Reuters) - U.S. Treasury Secretary John Snow said on Thursday he wants other Group of Seven allies to help bear the cost of an Iraqi reconstruction effort once the U.S.-led war ends.
Speaking to the Orlando Chamber of Commerce, Snow noted that he will meet other G7 finance ministers in Washington next week on the fringes of the International Monetary Fund and World Bank spring meetings and that reconstruction would be on the agenda.
"We want to make sure other countries help us," Snow said in response to questions after a luncheon address.
He said Iraq has extraordinary oil wealth and noted that President George W. Bush has said he wants the revenues to be used to help make Iraq into a modern state once Saddam Hussein is toppled from power.
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