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UNSC approves Secretary Generals plan for to release UN Trust Fund to GOI
Posted: May 22, 2013 in Iraqi Dinar/Politics
Tags: Chapter VII, Chapter VII of the United Nations Charter, Government of Iraq, Iraq, Kodjo Menan, kuwait, Kuwaiti, Rasheed Bank, Togo, United Nation
23/05/2013 | 12:05 AM | Kuwait News
UNITED NATIONS, May 22 (KUNA) The Security Council approved Secretary General’s proposal to conclude an agreement with Iraq in order to transfer the Kuwaiti funds contained in a UN Trust Fund to the Iraqi Government so that it distributes appropriate amounts on the Iraqi private citizens who remained on Kuwaiti territory following the demarcation of the international boundary between Iraq and Kuwait.
Ban had informed the Council in a letter that “given the Iraqi requests to transfer the funds and the fact that no objections were raised by the State of Kuwait, I intend to conclude an agreement with the Government of Iraq whereby the United Nations will transfer the funds contained in the Trust Fund, less applicable administrative costs, to the Government of Iraq.” He did not specify a date when the transfer will take place.
The Iraqi Government will assume “full responsibility for identifying the beneficiaries, determining the amount of compensation to be paid to each beneficiary and disbursing the corresponding amounts.
The agreement will also provide for the Government of Iraq to inform me on a regular basis of the progress achieved in identifying and making payment to the beneficiaries and on completion of the process,” Ban’s letter added.
Kuwait had trusted the compensation money 1,438,718 with the UN and said in a letter dated February 2009 that “Kuwait had fulfilled all of its commitments relating to the issue of compensation of the Iraqi farmers and that the subject ‘now remains between the United Nations and Iraq.’” The Kuwaiti letter outlined no conditions or specific demands, Ban told the Council in his letter.
Earlier this month, Iraqi Foreign Minister Hoshyar Zebari requested Ban to transfer the Kuwaiti compensation funds to the farmers, in US dollars, to the Ministry’s account number 2 at the Rasheed Bank.
“Should the Council agree … my responsibilities … will have been discharged upon transfer of the funds to the Government of Iraq. The Governments of Iraq and Kuwait have been consulted on and agree with the course of action,” Ban said.
Council President Kodjo Menan of Togo told Ban in a response letter distributed on Wednesday that the Council “has decided to approve the proposal contained in your letter.”
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Posted: May 22, 2013 in Iraqi Dinar/Politics
Tags: Chapter VII, Chapter VII of the United Nations Charter, Government of Iraq, Iraq, Kodjo Menan, kuwait, Kuwaiti, Rasheed Bank, Togo, United Nation
23/05/2013 | 12:05 AM | Kuwait News
UNITED NATIONS, May 22 (KUNA) The Security Council approved Secretary General’s proposal to conclude an agreement with Iraq in order to transfer the Kuwaiti funds contained in a UN Trust Fund to the Iraqi Government so that it distributes appropriate amounts on the Iraqi private citizens who remained on Kuwaiti territory following the demarcation of the international boundary between Iraq and Kuwait.
Ban had informed the Council in a letter that “given the Iraqi requests to transfer the funds and the fact that no objections were raised by the State of Kuwait, I intend to conclude an agreement with the Government of Iraq whereby the United Nations will transfer the funds contained in the Trust Fund, less applicable administrative costs, to the Government of Iraq.” He did not specify a date when the transfer will take place.
The Iraqi Government will assume “full responsibility for identifying the beneficiaries, determining the amount of compensation to be paid to each beneficiary and disbursing the corresponding amounts.
The agreement will also provide for the Government of Iraq to inform me on a regular basis of the progress achieved in identifying and making payment to the beneficiaries and on completion of the process,” Ban’s letter added.
Kuwait had trusted the compensation money 1,438,718 with the UN and said in a letter dated February 2009 that “Kuwait had fulfilled all of its commitments relating to the issue of compensation of the Iraqi farmers and that the subject ‘now remains between the United Nations and Iraq.’” The Kuwaiti letter outlined no conditions or specific demands, Ban told the Council in his letter.
Earlier this month, Iraqi Foreign Minister Hoshyar Zebari requested Ban to transfer the Kuwaiti compensation funds to the farmers, in US dollars, to the Ministry’s account number 2 at the Rasheed Bank.
“Should the Council agree … my responsibilities … will have been discharged upon transfer of the funds to the Government of Iraq. The Governments of Iraq and Kuwait have been consulted on and agree with the course of action,” Ban said.
Council President Kodjo Menan of Togo told Ban in a response letter distributed on Wednesday that the Council “has decided to approve the proposal contained in your letter.”
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