Home
External finish its post Iraq Development Fund
16/06/2011
Baghdad-morning
Updated Foreign Ministry confirmed all actions needed to move towards an effective mechanism for post-conflict Iraq Development Fund, the United Nations auspices. Foreign Minister Hoshyar Zebari said in an address to the Security Council, "that Baghdad made all required containing five percent of oil revenues to the compensation fund. The new mechanism with Zebari, opened a new account on behalf of the Government of the country Department Central Bank of Iraq to the Federal Reserve Board (US Central Bank) as an alternative to the Iraq Development Fund, so accept converts all financial assets belonging to the Iraq Development Fund is in addition to any other assets of the Iraqi Government, stating that such a mechanism would ensure that Iraq's obligations under UN resolutions. He noted that other arrangements include "that the Iraqi Committee of financial experts to replace the Board starting early next month." He said Iraq would continue his attempts to settle its foreign debt in accordance with the Paris Club agreement signed in October 2004. The Security Council decided last August in his 1956 suspension arrangements for depositing the proceeds of sales of Iraqi oil and natural gas in the Development Fund for Iraq, and called on Baghdad to complete the full and effective transition of the Fund and arrangements for external financial controllers and five percent payment to victims of Iraq's invasion of Kuwait in 1990.
[You must be registered and logged in to see this link.]
16/06/2011
Baghdad-morning
Updated Foreign Ministry confirmed all actions needed to move towards an effective mechanism for post-conflict Iraq Development Fund, the United Nations auspices. Foreign Minister Hoshyar Zebari said in an address to the Security Council, "that Baghdad made all required containing five percent of oil revenues to the compensation fund. The new mechanism with Zebari, opened a new account on behalf of the Government of the country Department Central Bank of Iraq to the Federal Reserve Board (US Central Bank) as an alternative to the Iraq Development Fund, so accept converts all financial assets belonging to the Iraq Development Fund is in addition to any other assets of the Iraqi Government, stating that such a mechanism would ensure that Iraq's obligations under UN resolutions. He noted that other arrangements include "that the Iraqi Committee of financial experts to replace the Board starting early next month." He said Iraq would continue his attempts to settle its foreign debt in accordance with the Paris Club agreement signed in October 2004. The Security Council decided last August in his 1956 suspension arrangements for depositing the proceeds of sales of Iraqi oil and natural gas in the Development Fund for Iraq, and called on Baghdad to complete the full and effective transition of the Fund and arrangements for external financial controllers and five percent payment to victims of Iraq's invasion of Kuwait in 1990.
[You must be registered and logged in to see this link.]
