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Compensation Fund paid about one billion dollars from the funds of Kuwait by Iraq (PFP)

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dealerdean


ADMINISTRATOR
ADMINISTRATOR

BAGHDAD / obelisk: Pay Compensation Fund of the United Nations another $ 1.24 billion for demanding Kuwaiti Thursday, for a total compensation paid to Kuwait from Iraq's money as a result of the invasion in 1990 to $ 43.5 billion.

The fund did not disclose the identities of the parties claim the latest installment of the compensation paid, but said the money would be used to meet the demands made by the Kuwait Oil Company to compensate for the losses she says she incurred in the production and marketing as a result of the Iraqi invasion in 1990.

The UN Security Council of the United Nations has decided to set up the fund - which draws its funding from a special tax on Iraqi oil exports amounting to 5 percent - in 1991.

Believe Fund to now on the disbursement of 52.4 billion dollars in the form of compensation for more than a hundred government and international destinations organization, in the form of payments every three months.

The total compensation value to 177.6 billion U.S. dollars, which damages resulting from the Iraqi invasion of Kuwait in 1990 and the United Nations approved including $ 37.2 billion Kuwait which received 9.3 billion.

Kuwait also estimated debts on Iraq at about U.S. $ 13.2 billion without the financial benefits accrued on this debt.

At the conference, which was held in Madrid donor countries and participated in 60 countries have been collected $ 33 billion for the reconstruction of Iraq from six countries in addition to the World Bank and the European Union

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