Committee of Economic Affairs authorizes formation of Higher Committee

02/12/2011 | (Voice of Iraq) - Add comments - 2 December 2011
announced the government spokesman, Ali al-Dabbagh that the Council of Ministers decided to approve the Adoption of the recommendation of the Committee on Economic Affairs entitlements of individuals and private companies of national and foreign and international organizations taking into consideration the opinion of the Legal Department of the Secretariat of the Council of Ministers on the debt of the national private sector except for the membership of the Inspector General as illegal and the authorization of the Committee of Economic Affairs set up a Higher Committee to audit and pay the dues of the private sector, whether more than ten million dinars or less and have an exchange of principal without interest consequences. Dabbagh said that the approval of the audit and pay the dues of the private sector of national and foreign and international organizations to come in order from the Iraqi government to apply regulations and international obligations, including obligations of the Paris Club International on the debt and to meet international obligations through the payment of debts owed ​​by Iraq to give credibility in relations economic ties between Iraq and the countries of the world as a return to the international community weight it deserves. Dabbagh said that the Committee on Economic Affairs has recommended to place the debt of the private sector foreign to the Paris Club agreement in harmony with the orientations of the Iraqi government not to differentiate between the creditors and the necessity of giving in to one rule apply to everyone. Dabbagh said that the claims are found to be incorrect will be announced and referred to the judiciary, where will the High Commission for the liquidation of dues of the Iraqi private sector to establish a mechanism for scientific exchange and determine the conditions necessary to ensure the validity of the debt and follow-up of the launch of exchange and any other cases.


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