[You must be registered and logged in to see this link.]Harithiya area west of the capital Baghdad Imaging (Mahmoud Raouf)International Committee of the compensation in Geneva agree to postpone the payment of compensation to Iraq for another yearAuthor: ASJ, HH, NS
editor: HH, NS 11.3.2016 10:46 Number ofViews: 239
[rtl]Long-Presse / Baghdad [/rtl]
A commission of financial experts of the Iraqi Council of Ministers, on Thursday, the International Committee of the compensation in Geneva agreed to defer payments Iraqi reparations for another year, as pointed out that the approval came to coincide with the financial distress experienced by Iraq and the war against al (Daesh).
The Chairman of the Committee of Financial Experts Abdul Basit Turki Saeed, in a statement received (range Press), a copy of it, that "by participating in meetings of the Eighty-first Session of the Council of the Compensation Commission held management in Geneva, the Council issued a set resolutions included the approval of the extension to postpone payment of the proportion of 5 % of the oil revenues to the compensation fund for another year. "
Turki said, "The deadline ends on the first of January 2018," noting that "the approval of the extension came coincide what Iraq is going through financial hardship, as well fight to organize Daesh which requires large sums of money."
And deposited in the Development Fund for Iraq of all proceeds from the export of oil, the United Nations and pulls of this revenue ratio of 5%, the compensation awarded to Kuwait for the 1991 war, while the pay of the Ministry of Finance of all of Iraq's debt before receiving government overseeing the "Development Fund for Iraq."
It was Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh, said earlier that Iraq has fulfilled its obligations to creditors who appeared after 2003, whether they are governments or traders or businessmen on accordance with the Paris Judge Club agreement, to pay 20% of the amounts owed to it in the form of payments for a waiver of those entities for 80%, or pay 10% in cash in exchange for ceding 90%. "
The policies pursued by the previous regime burdened Iraq's debt, which is tens of billions of them, despite his trust still extinguishing a lot of countries the consequences have his trust.