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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Out of Section VII offers opportunities to invest and recover frozen funds

    Rocky
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    • Post n°1

    Out of Section VII offers opportunities to invest and recover frozen funds Empty Out of Section VII offers opportunities to invest and recover frozen funds

    Post by Rocky Wed 13 Dec 2017, 1:54 am

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    Out of Section VII offers opportunities to invest and recover frozen funds


     Baghdad / Zahraa al-Jassim 

    The United Nations Security Council has recently acknowledged that Iraq has fulfilled its last commitments to Chapter VII resolutions on the oil-for-food program, which is expected to provide encouraging opportunities for foreign investment in Iraq after more than 40 years of major conflicts and a decline in economic development and progress. Funds held and frozen by the United Nations and international States and organizations, according to the Chief Financial Adviser. 
    While an economist said that the remaining amount of the United Nations for this program is up to $ 3 billion, and if the bulk of it was spent, will add funds to the Iraqi treasury, and Iraq, once it is fully out of this chapter, means the ability to import technology for economic development in The country is very important.
    The mission of Iraq to the United Nations in New York, announced in a statement on its website, that the completion of the efforts of the Republic of Iraq to end its files in the Security Council inherited from the era of the former regime and issued under resolutions under Chapter VII of the Charter of the United Nations, the Ministry of Foreign Affairs of the Permanent Representation Of the Republic of Iraq to the United Nations in New York for the adoption of resolution 2390 (2017), unanimously adopted by the Security Council on 8 December 2017, concluded that the parties (Iraq and the United Nations) have fully implemented the measures imposed under Chapter VII under resolutions 1958 (2010) ) And resolution 2335 (2016).
    The new resolution of the Security Council is an important step in the restoration of Iraq and its natural status and international status. The resolution confirms the fulfillment of Iraq's obligations under Chapter VII on the oil-for-food program, after it was implemented in full, says the financial adviser to Prime Minister Dr. The appearance of Mohammed Saleh in an interview with (range), adding: The transition of Iraq from Chapter VII to Chapter VI, any chapter that allows the use of force against our country in resolving disputes with nations to Chapter VI, which sees Iraq as a peace-loving and resolving disputes with the Nations By peaceful means, is a positive signal will allow the return of Iraq full interaction with the international community and provide opportunities for encouraging the climate of foreign investment in the country, especially in the post-Kuwait donors in the reconstruction and investment in Iraq,
    Saleh asserts that the frozen funds were released to the Development Fund for Iraq account under Security Council Resolution 1483 in May 2003, but that many of the funds held by the United Nations for the oil-for-food program and the remaining costs of inspection teams and remnants of the memorandum of understanding should be handed over to the treasury of the Iraqi state, And any other funds are still detained or frozen by the States or international organizations, pointing at the same time to: This decision has many positive effects, in fact the costs of insurance and shipping in various forms to and from Iraq will decline, and that many of the technology and prohibited equipment on Iraq Will disappear, as well as the investment climate and credit rating of Iraq will be greatly improved.
    The resolution on the oil-for-food program adopted by the Security Council at its meeting on 8 January 2017, in its second paragraph, indicates that the Security Council welcomes the fact that the remaining funds in the escrow account established pursuant to paragraphs 3-5 of its resolution 1958 (2010) Has been transferred to the Iraqi government pursuant to Security Council Resolution No. 2335 of 2016.
    The withdrawal of the latest decisions of Chapter VII on oil-for-food to alleviate the external pressures on Iraq, which will lead to strengthen its international position in economic and financial relations in general, according to the talk of expert on economic affairs, Majid al-Soury of (extent), who believes that This will also save some money for Iraq. The remaining amount of this program at the United Nations, which is about $ 3 billion, although during this period spent the bulk of it, but in any case is an amount to be added to the Iraqi treasury, not to mention the money of some contracts that did not It is implemented in relation to Import some consumer goods and food for Iraq, which contracted a time of the former regime, and this has paid Iraq money, but has not been restored because of the decision, it will be launched and returned to the Iraqi government.
    The picture confirms: that Iraq today and once it is full of Chapter VII means a vision that allows Iraq to import the necessary technology, and cooperation with other countries to obtain this technology for the social and economic development in Iraq, which is very important, in addition, the problem is not in the resolution The exit of Iraq from Chapter VII, but more importantly, what happened in Iraq from the issue of the elimination of the advocate and his great victories against this criminal organization, at the time of the declaration of war on administrative and financial corruption, things contributed to support the Iraqi situation in order to attract investment with security And stabilize T, and it will lead to the prosperity of Iraq economically and financially.
    The oil for food program, issued under Security Council resolution 986 (1995), allows Iraq to export a specific portion of its oil to benefit from its revenues in the purchase of the humanitarian needs of its people under the auspices of the United Nations. The Security Council is concerned about the continued suffering of the civilian population of the Iraqi people as a result of the comprehensive sanctions imposed on Iraq in August 1990 because of its invasion of Kuwait. In April 1995, the Security Council adopted resolution 986, which includes the oil-for- A temporary measure, to provide individual democracy and sectarian wars to the people For Iraqis.



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