Protection of Iraqi Funds 13303

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Protection of Iraqi Funds 13303 Empty Protection of Iraqi Funds 13303

Post  Admin on Wed Jun 06, 2012 9:51 am

Skinner explains my recommendation to the decision of the Ministerial Committee for ensuring the protection of Iraqi funds
Wednesday, June 6, 2012 11:10


[Baghdad - where]

He said government spokesman Ali al-Dabbagh cabinet's decision to continue the payment of trade receivables arising from the agreement within the Paris Club procedures to protect Iraqi funds

Dabbagh said, according to a statement received by all of Iraq [where] a copy of it today that the Council of Ministers decided at its twenty-fourth regular session last Tuesday, June 5, 2012, approved my recommendation to the Ministerial Committee for ensuring the protection of Iraqi funds.

"The Approved my recommendation to the Ministerial Committee for ensuring the protection of Iraqi funds Come in order from the Iraqi government to repay the debt owed ​​by Iraq and the fulfillment of international obligations and the completion of the items that resulted from Iraq by the policies of former Iraq had not chosen his own free will, but as a result of the policies of the former regime and the ensuing programs such as the oil for food program with the adoption of a mechanism fully to ensure the protection of Iraqi funds after the end of the mandate of the Development Fund for Iraq at the end of 2010.

And Skinner that "the special ministerial committee to ensure the protection of Iraqi funds had asked the Council of Ministers on April 19, 2012 adoption of its recommendations with whom they already view the matter to the Council of Ministers in its session third meeting on January 19, 2010 and the Council of Ministers Resolution No. 25 of 2010 and included the formation of a committee headed by Deputy Prime Minister (d. Rose Nuri Shaways) and the membership of foreign ministers and finance, oil, Planning and Development Cooperation and the President of Supreme Audit and Advisor to the Prime Ministers of Legal Affairs shall establish a mechanism fully to ensure the protection of Iraqi funds after the end of the mandate of the Development Fund for Iraq at the end of 2010.

He continued that "the recommendations that were approved had included emphasis on the Ministry of Finance and Central Bank of Iraq to continue to conduct consultations with the IMF to determine the action to be taken by the Government of Iraq as the government continues to pay the trade receivables arising from the Paris Club agreement and the settlement of the rest of the debt that are matched by rules of the Paris Club, as well as debt settlement resulting from any lawsuits and the continuation of the Higher Committee in its work according to the powers granted to it by the Council of Ministers.

Al-Dabbagh that "the recommendations that have been adopted, the outcome of the meeting of the Committee which was held in April 11, 2012 under the chairmanship of the Deputy Prime Minister [d. Rose Nuri Shaways] and the presence of the ministers of finance and oil, Justice and the Governor of the Central Bank and Chairman of Supreme Audit and the Legal Counsel to the President of the Council of Ministers and representatives of foreign and planning where the Committee considered at its meeting procedures to be undertaken by the Government of Iraq to protect Iraqi funds with the end date of the U.S. presidential immunity decision in May 2012, the light of the letter from the U.S. Ambassador in Iraq to the Minister of Finance in April 1, 2012.


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Protection of Iraqi Funds 13303 Empty Re: Protection of Iraqi Funds 13303

Post  Admin on Wed Jun 06, 2012 10:22 am


Zebari receives a message from the U.S. Embassy include the extension of protection to Iraqi funds until May of 2013

Wednesday, June 6, 2012 16:42

Increase

Baghdad {: News} Euphrates received Foreign Minister Hoshyar Zebari, a letter from the Embassy of the United States include the extension of protection to Iraqi funds until the month of May 2013.

The Foreign Ministry statement today that "Zebari received in the office of the ministry's headquarters, Robert Beecroft Chargé d'affaires of the Embassy of the United States, who delivered a letter to the Minister include the extension of protection and immunities Extraordinary that protect Iraqi funds {the Development Fund for Iraq} until the month of May 2013."

He added that "U.S. President Barack Obama signed on 8 May of this year's executive order situation of national emergency with respect to the stability of Iraq for another year and will remain Iraq's money is protected as far as U.S. laws provided by the usual immunities of political protection."

The statement continued that "During the meeting, they discussed relations, Iraq - Kuwait and the regional situation."

The Cabinet had approved on 28 February, the recommendations of the Ministerial Committee on the subject of Iraqi funds abroad and to assign the Ministry of Foreign Affairs approached the U.S. side through diplomatic channels in order to issue an executive order by the U.S. President for the continued protection of Iraqi funds for an additional year as of 22 May 2012.

The decision protects American Development Fund for Iraq {}, bank accounts and property of Iraq and the oil resources of Iraq, while trying to companies and persons claiming to be affected by the Iraq disengagement protect the funds in order to bring cases to capture it. It is noteworthy that the U.S. decision is an additional cover to protect Iraqi funds in addition to the traditional immunity of States before the courts around the world.

And began administration of U.S. President George W. Bush after the war on Iraq in 2003 measures to protect Iraqi funds has pledged the U.S. administration through {the Strategic Framework Agreement} with the relations between Iraq and the United States supported Iraq in the efforts to restore the funds and help them out of the resolutions of the Chapter VII of the United Nations, but Some of those decisions that protect Iraqi funds, which requires resolving the outstanding issues and reach a suitable formula for Iraqi assets are not exposed to harassment, especially revenues from Iraqi oil.

The revenue is currently stored in {} Development Fund for Iraq established by Security Council resolution 1483. Ended


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