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Financial Supervision: Kuwait compensation ending in 2015
15/03/2014 06:32 03/15/2014 06:32
Office of Financial Supervision expected to pay the remaining compensation to Kuwait of $ 7 billion dollars in the first half of the year 2015.
He said the Chief of Staff Abdul Basit Turki told a news briefing: "It is expected to end outstanding compensation to Kuwait due to the invasion by the former regime of $ 7 billion dollars in the first half of 2015," noting that "there have been attempts by the central bank towards the urgency to pay This is a request for compensation assessed by the Iraqi government. "
He added that Iraq seeks constantly to pay all trade debts arising from his trust that unproven, pointing out that the payment of this debt is in conformity with the Paris Club and conditions and that any repayment of these debts outside the terms of the club threatening to cancel the whole is achieved by Iraq of the settlement of the debt.
Iraq has sought to cancel the debts arising during the reign of the former regime, amounting to more than 140 billion dollars, which is some compensation because of wars waged by his neighbors, and think of the issuance of international bonds for some trade creditors.
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15/03/2014 06:32 03/15/2014 06:32
Office of Financial Supervision expected to pay the remaining compensation to Kuwait of $ 7 billion dollars in the first half of the year 2015.
He said the Chief of Staff Abdul Basit Turki told a news briefing: "It is expected to end outstanding compensation to Kuwait due to the invasion by the former regime of $ 7 billion dollars in the first half of 2015," noting that "there have been attempts by the central bank towards the urgency to pay This is a request for compensation assessed by the Iraqi government. "
He added that Iraq seeks constantly to pay all trade debts arising from his trust that unproven, pointing out that the payment of this debt is in conformity with the Paris Club and conditions and that any repayment of these debts outside the terms of the club threatening to cancel the whole is achieved by Iraq of the settlement of the debt.
Iraq has sought to cancel the debts arising during the reign of the former regime, amounting to more than 140 billion dollars, which is some compensation because of wars waged by his neighbors, and think of the issuance of international bonds for some trade creditors.
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