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Egypt rejects Iraq's request to waive the debts of the private sector
On: Tue 03/01/2012 7:14
□ Baghdad / economic-term follow-up
revealed the news reports about the Egyptian government refused an offer by Iraq to ensure the provision of out of private sector debt, estimated at about $ 408 million, claiming that this was not to acquire the right to waive the debt.
and the Egyptian al-Ahram newspaper reported in a report According to her agency "Twilight News" that "the Egyptian government received an official invitation from Iraq
Ensure the provision of out of private sector debt, estimated at about $ 408 million, the value of private remittances from Egyptians yellow remittances for more than 20 years. "
The paper said that "the Egyptian government has rejected the Iraqi offer, which included the subject benefits of debt to the rules of the Paris Club, which provides for exempting Iraq from 80% of them, and bonds in 15 years the proportion of the remaining 20%. "
According to the paper that "the Egyptian government confirmed its adherence to the full benefits because they do not have the right to waive the debts of the private sector, or waive interest debts of workers. "
It is said that the Egyptian Foreign has conducted several contacts with Iraqi officials during the last period on debt owed to Egypt, where there are debts of the enterprise sector and the private sector owed by Iraq.
The Egyptian government has received another offer from the Iraqi side that gives the Egypt oil prices preferential terms, and opens the way for the Egyptian labor, and to conclude contracts in the field of construction to increase the Egyptian presence in Iraq, especially after the withdrawal of the United States, and increased presence of the Iranian and Turkish and French and German in the Iraqi arena.
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