More than a billion dollars of Iraqi dues owed ​​by several countries

5/19/2014 0:00

BAGHDAD - Mustafa al-Hashemi
The theme of the collection of the Iraqi debt to countries of important economic matters , especially after his release from Chapter VII and the liberation of the international sanctions imposed on him by the wrong policies .

He continues to move on this issue fund specializing in the Public Debt Department , Ministry of Finance , to collect dues loans Iraqi granted to the Arab countries and the developing countries through the exchange of letters from the Minister of Finance to his counterparts in these countries, the city, as well as coordination with the Foreign Ministry and with the follow-up committee of loans granted to city ​​states .

A source at the Public Debt Department , Ministry of Finance (morning) that Iraq grant loans for a total of 18 countries, including four Arab countries as well as Central Africa and the two states for Atinettan are Cuba and Jamaica , as well as North Korea , Vietnam and Madagascar in addition to eight other African countries .

And countries differ in the extent of its commitment to repay their debts to Iraq, where there are countries stalling in paying what Bzmtha ( such as Niger ) or to refrain from fulfill receivables Iraq ( as is the case with North Korea ) , prompting Iraq to move towards the United Nations after attempts to meet with Ambassador those State , which did not achieve success, while there are one state passes disorders and economic conditions that make Iraq depends on the claim at the present time .

The source said the total debt claimed by Iraq of these countries amounted to one billion and 317 million and 395 000 dollars for up to 31 - 12 - 2011 .

 While sought other countries during the last period to discuss the settlement of loans through the formation of technical committees joint so as is the case with the Republic of Vietnam, where curling portion of the dues of the loan Iraqi Vietnam by contributing to both companies the joint Iraqi - Vietnamese for the production of rice, the joint venture company for the production of tea has been allocated funds from the loan for the processing of goods and services for Vietnamese agreed adversary " of the debt , stressing that the claim going on for the rest of the dues .

The Zambia (which is one of the countries of the city) recently announced reaching an agreement with the Iraqi side to extinguish their debts under the Convention on Cologne in the framework of the Heavily Indebted Poor Countries (HIPC).

The Group of Eight industrialized nations announced at a meeting in Cologne, Germany in June 1999 to reach an agreement to write off the debt of poor countries by up to 90 percent of the total debt .

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