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<BLOCKQUOTE class="postcontent restore">Consultations to pay the debts of Iraq girl (Debt to Egypt)
Posted 30/05/2011 04:00 AM
BAGHDAD: A delegation Egyptian official with Iraqi officials the establishment of a joint technical committee to resolve the outstanding issues between the two countries, most notably the "zero remittance" concerning dues Egyptian workers worked in Iraq during the former regime, which is valued at about $ 408 million.
Iraq has agreed to repay this debt, however, has not yet been agreed on a mechanism to calculate and pay interest on it.
In the first visit to the Egyptian delegation to Iraq after the revolution of January 25, solve the Minister of Manpower and Immigration Ahmed Borai of Baghdad in the four-day visit, accompanied by high-level delegation from the Ministries of Foreign Affairs, Finance and Central Bank of Egypt.
The media advisor to the Egyptian Minister Alaa Awad that as well as the amount of "zero remittance" there is a profit owed an estimated $ 588 million.
The Central Bank of Iraq adviser - said in a statement of the island - the appearance of Mohammed Saleh, the total debt owed by Egypt Iraq nearly one billion and $ 400 million, due mostly to the period before 1990.
Paris Club
The appearance that these debts are subject to the decisions of the Paris Club, which includes 55 countries with debts owed by Iraq, has been the settlement of all debts except those owed to some 13 countries, mostly from Arab countries including Egypt.
The adviser said the CBI that failure to address Iraq's debt to Egypt in accordance with decisions of the Paris Club will show the country to danger that other countries pay.
He noted the appearance that there is confusion in the classification of such debt, "Is it dues to be paid or compensation is subject to the decisions of the Paris Club," he said, The Iraqi government announced that it will deal with benefits "transfers zero" as the benefits of the Egyptian workers.
The Minister of Labour and Social Affairs, Nassar Rubaie, Iraq - During a meeting with the Egyptian delegation - expressed optimism for a solution to the issue of debt, but that the difference lies in the subject of the benefits of this debt.
Debt interest
The adviser said the Central Bank of Iraq that Iraqi banks were not trade during the era of former president Saddam Hussein.
And on the timetable and how to repay this debt, said that the appearance of Baghdad awaiting a response from the Paris Club about how to calculate these debts.
In addition to the debt issue, the Egyptian delegation discuss procedures for a planned visit by Egyptian Prime Minister Essam Sharaf to Iraq beginning in June next year.
The director of the Center for Studies in the Ministry of Labour Iraqi Kazem Shamkhi The visit will be honored during the opening of an Egyptian consulate in Basra and the Office of Commercial Attaché.
Source: Al Jazeera
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Posted 30/05/2011 04:00 AM
BAGHDAD: A delegation Egyptian official with Iraqi officials the establishment of a joint technical committee to resolve the outstanding issues between the two countries, most notably the "zero remittance" concerning dues Egyptian workers worked in Iraq during the former regime, which is valued at about $ 408 million.
Iraq has agreed to repay this debt, however, has not yet been agreed on a mechanism to calculate and pay interest on it.
In the first visit to the Egyptian delegation to Iraq after the revolution of January 25, solve the Minister of Manpower and Immigration Ahmed Borai of Baghdad in the four-day visit, accompanied by high-level delegation from the Ministries of Foreign Affairs, Finance and Central Bank of Egypt.
The media advisor to the Egyptian Minister Alaa Awad that as well as the amount of "zero remittance" there is a profit owed an estimated $ 588 million.
The Central Bank of Iraq adviser - said in a statement of the island - the appearance of Mohammed Saleh, the total debt owed by Egypt Iraq nearly one billion and $ 400 million, due mostly to the period before 1990.
Paris Club
The appearance that these debts are subject to the decisions of the Paris Club, which includes 55 countries with debts owed by Iraq, has been the settlement of all debts except those owed to some 13 countries, mostly from Arab countries including Egypt.
The adviser said the CBI that failure to address Iraq's debt to Egypt in accordance with decisions of the Paris Club will show the country to danger that other countries pay.
He noted the appearance that there is confusion in the classification of such debt, "Is it dues to be paid or compensation is subject to the decisions of the Paris Club," he said, The Iraqi government announced that it will deal with benefits "transfers zero" as the benefits of the Egyptian workers.
The Minister of Labour and Social Affairs, Nassar Rubaie, Iraq - During a meeting with the Egyptian delegation - expressed optimism for a solution to the issue of debt, but that the difference lies in the subject of the benefits of this debt.
Debt interest
The adviser said the Central Bank of Iraq that Iraqi banks were not trade during the era of former president Saddam Hussein.
And on the timetable and how to repay this debt, said that the appearance of Baghdad awaiting a response from the Paris Club about how to calculate these debts.
In addition to the debt issue, the Egyptian delegation discuss procedures for a planned visit by Egyptian Prime Minister Essam Sharaf to Iraq beginning in June next year.
The director of the Center for Studies in the Ministry of Labour Iraqi Kazem Shamkhi The visit will be honored during the opening of an Egyptian consulate in Basra and the Office of Commercial Attaché.
Source: Al Jazeera
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