Well part of the plan is to take the revenue from the resources of Iraq (read oil) out of the control of the Iraqi people. The Paris Club, has agreed to forgive part of their assessed debt deemed owed to them, by Iraq, in exchange for certain provisions imposed by the IMF, which includes among other things, the guarantee by "Iraq", that public institutions and resources will, from now on, have to be in private hands and only a minimum level of social services will be permitted. Right.... the meek may inherit the earth, but they will never take title to it.

The Paris Club member countries are AUSTRIA AUSTRALIA BELGIUM CANADA DENMARK FINLAND FRANCE GERMANY IRELAND ITALY JAPAN NETHERLANDS NORWAY RUSSIAN FEDERATION SPAIN SWEDEN SWITZERLAND UNITED KINGDOM and the UNITED STATES OF AMERICA, which loaned the massive amounts of money to the regime of Saddam Hussein in the first place, so that he could wage war on Iran.

The agreement was signed on behalf of the Iraqi people, by the current finance minister of the interim government which was appointed by the US. Great advance in democracy, eh, the forever disenfranchised people of Iraq can't win for loosing.