******** The Committee on Relations: The Kuwaiti government is ready to extinguish the remainder of the debts on Iraq

October 26, 2014, 14:10
 

Baghdad _ ((eighth day))

Revealed the Foreign Relations Committee in the Iraqi Council of Representatives for the Kuwaiti government is ready to extinguish the remainder of the debts on Iraq if the Security Council of the United Nations to complete the legal procedures and the approval of the Kuwaiti National Council on this decision.

Said committee member Rinas Jano in an interview that "the delegation of the Kuwaiti National Assembly will visit Baghdad soon," explaining that "the Kuwaiti side is open to cooperation with Iraq in various fields."

So said economic expert Dargham Muhammad Ali that "five per cent had deducted annually from the Iraqi budget to pay Kuwaiti debt as possible be added to dedicated to the development of the Iraqi army amounts in the case of Kuwait extinguished debts on Iraq," referring to the expectations of economic cooperation and investment greatly between the two countries in the future .

The Office of Financial Supervision Iraqi predicted last March to pay the remainder of the compensation amounting to Kuwait and seven billion dollars in the first half of 2015, pointing out that Iraq continuously pay commercial debt under the terms of the Paris Club.


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October 26, 2014

Kuwait ready to extinguish the debt owed by Iraq

MP for the Patriotic Union of Kurdistan Nawzad Messenger, Kuwait expressed its readiness to extinguish the debt owed by Iraq in the event of the Security Council to the completion of legal proceedings, noting that a delegation of the Kuwaiti National Assembly will visit Iraq soon.

The Messenger "The Kuwaiti side told us during our recent visit to Kuwait within the parliamentary delegation, that Kuwait is ready to extinguish what owed by Iraq of the debt, but the Security Council is that impedes the issue until now because of legal and technical procedures," noting that "Kuwaitis proposed open investment doors for companies Kuwait as a substitute for the amount of the remaining six billion dollars owed by Iraq. "

He explained that the Messenger "Kuwait also expressed its willingness to aid the displaced and displaced Iraqis in all Iraqi provinces through the adoption of non-governmental organizations take it upon themselves to expedite the relief of displaced families, which is now under the threat of rain at the beginning of the winter season."

He pointed out that "it was agreed between the Iraqi Parliament and the Council of the Kuwaiti delegation to visit the nation's delegation of the National Assembly of Iraq in the coming days to promote joint parliamentary cooperation frameworks in order to serve the interests of the two brotherly peoples."


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