Kuwait expresses its readiness to postpone the payment of Iraq's $ 4.6 billion in compensation

Kuwait expresses its readiness to postpone the payment of Iraq's $ 4.6 billion in compensation

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Economy News _ Baghdad:



Showed the State of Kuwait, Tuesday, readiness to examine options for future efforts to ensure the continued payment of Iraq, the amount of US $ 4.6 billion in the framework of compensation for war losses between the two countries in 1990.

The Chairman of the General Authority for Assessment of Compensation for losses of war between the two countries, Khaled Ahmad Al-Mudhaf in a statement seen by "Economy News", "The State of Kuwait reacted positively with the decision taken by the Governing Council of the United Nations Compensation Commission at its last session, the 81 on the second of November 2016 and encouraged both the Kuwaiti and Iraqi governments to cooperate on future options aimed at ensuring the continuation of the payment of this amount in favor of Kuwait. "

Almudaf pointed out that "Kuwait had supported during the special session called for by the Governing Council in December 2014 Resolution 272 (2014) which it requested the brothers in Iraq to postpone the payment of dues payments by taking into account the economic and security difficult circumstances."

He pointed Almudaf, to "the adoption of the Council of the United Nations Compensation Resolution 273 Management (2015), which also postponed Iraq's international obligations to deposit five per cent in the Compensation Fund for an additional year until the first of January 2016 due to the continuing economic and security conditions in Iraq."

He added that "the State of Kuwait supported the third time asked the brothers in Iraq at the 81 session on November 2, 2016, which postponed the process of resumption of the five deposit per cent in the Compensation Fund and other additional year until the first of January 2018 due to the continuing economic and security situation in Iraq."

He added that "Kuwait, Emphasizing the importance of the continuation of the functions and the role of the United Nations Compensation also emphasizes the importance of the completion of the Board of Directors of the responsibilities assigned to it by the Security Council resolutions and decisions of the United Nations Compensation it understands at the same time the security and economic situation in Iraq and here have reacted positively with all previous postponement requests demanded by the brothers in Iraq. "


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Kuwait expresses its readiness to cooperate with Iraq on compensation

Date: 04/25/2017 10:46
Iraq, Kuwait

Information / Baghdad ...

Kuwait said on Tuesday its willingness to cooperate on the payment of Iraq's options the rest of the compensation resulting from the war on Kuwait in 1990, expressing its appreciation for the economic and security conditions experienced by the result of lower oil prices and the war on terror gangs Daesh.

The news agency KUNA Kuwaiti news followed the agency / information / from the Chairman of the General Authority for Assessment of Compensation Administration, Khaled Ahmad Al-Mudhaf, as saying that "Kuwait is ready to study future options aimed at ensuring the continuation of the payment of the Iraqi party amount of US $ 4.6 billion as part of compensation for losses Iraqi aggression against them in 1990 ".

He added that "Kuwait reacted positively with the decision taken by the Governing Council of the United Nations Compensation Commission at its last session, the 81 in 2016 and encouraged both the Kuwaiti and Iraqi governments to cooperate on future options aimed at ensuring the continuation of the payment of this amount in favor of Kuwait."

He added that "the State of Kuwait as it emphasizes the importance of the continuation of the functions and the role of the United Nations Compensation also emphasizes the importance of the completion of the Board of Directors of the responsibilities assigned to it by the Security Council resolutions and decisions of the United Nations Compensation it understands at the same time the security and economic situation in Iraq and here have reacted positively with all previous postponement requests demanded by the brothers in Iraq. " Finished / z 25

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Kuwait plans to pay Iraq $ 4.6 billion in compensation

economy  Since 2017-04-25 at 12:09 (Baghdad time)

Baghdad Mawazine News
Kuwait announced on Tuesday its intention to consider future options to ensure that Iraq continues to pay $ 4.6 billion in compensation for war losses between the two countries in 1990.
"The State of Kuwait reacted positively to the decision taken by the Governing Council of the United Nations Compensation Commission (UNCC) at its 81st session on 2 October," Kuwait News Agency (KUNA) quoted Chairman of the General Authority for the Assessment of Compensation for War Losses Khalid Ahmad Al-Mudhaf as saying. 2016 and encouraged both the Kuwaiti and Iraqi governments to cooperate on future options to ensure that this amount continues to be paid in favor of Kuwait. "
Al-Mudhaf added that during the extraordinary session called for by the Governing Council in December 2014, Kuwait had supported Resolution 272 (2014) by which the brothers in Iraq had requested postponement of payments due to difficult economic and security conditions.
"The adoption by the Governing Council of the United Nations Compensation Commission of resolution 273 (2015), which also deferred Iraq's international obligations to deposit five per cent in the Compensation Fund for an additional year until 1 January 2016, due to the continuing security and economic conditions in Iraq."
"The State of Kuwait supported for the third time the request of the brothers in Iraq at the 81nd session on 2 November 2016, which postponed the process of resuming the deposit of five percent in the Compensation Fund for another year until January 1, 2018 because of the continuing security and economic situation in Iraq."
"Kuwait, while stressing the importance of continuing the functions and role of the United Nations Compensation Commission and also stresses the importance of completing the responsibilities of the Governing Council in accordance with Security Council resolutions and the decisions of the United Nations Compensation Commission, understands at the same time the security and economic conditions in Iraq, Positively with all previous requests for postponement demanded by the brothers in Iraq. "
"The importance of continuing the role entrusted to the United Nations Compensation Commission," he said. "The State of Kuwait continues to cooperate with the Committee to fulfill its international obligations and to work to inform it of all future discussions."
"The State of Kuwait is ready to provide the Committee with any assistance to respond to its inquiries regarding the Kuwaiti claims before the Iraqi courts, in terms of transparency," he said, stressing his country's readiness to consider future options to ensure the continuation of Iraq's payment of 4.6 billion US dollars in compensation For the loss of aggression "


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