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[size=30]Hilali: Refund of frozen funds provides international investment in Iraq[/size]
13/12/2017 10:14 | Number of readings:
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Trend Press / Baghdad
A member of the parliamentary legal committee Ibtisam al-Hilali on Wednesday, "lifting Iraq from Chapter VII and the recovery of frozen funds abroad is an important step for large international investment in the country."
Al-Hilali said in a press statement that "after this important international decision on the concerned government agencies to move quickly to start recovering money and Iraqi assets frozen in the banks and international banks."
She added that "this important decision and the subsequent important government steps will enhance the confidence of the international community in Iraq's economic policy in particular, which opens the way for an international entry to invest in the country."
The UN Security Council last Friday decided to exit Iraq from Chapter VII on Friday by adopting resolution 2390/2017 unanimously.
The UN Security Council put Iraq under the weight of Chapter VII in the framework of UN sanctions imposed after the invasion of Kuwait in 1990. "
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