Iraq reveals the debt owed to Jordan worth $ 120 million

10.23.2011 | (Voice of Iraq) - Add comments - Twilight News, Finance Minister Rafie al-Issawi, Sunday, for a debt owed ​​by Iraq for the benefit of the Jordanian side since 2003, worth $ 120 million, instead of prices, oil is released to Jordan in the period prior and noted that there are problematic with regard to the generality of the debt issue with the Jordanian side, stressing that this file is still under discussion in the joint committees. Issawi said on the sidelines of the first day of the World Economic Forum at the Dead Sea, "Iraq has a debt owed ​​on the Jordanian side since in 2003 worth $ 120 million, instead of eighths of oil previously issued, and this file is still under discussion in the joint committees. " The al-Issawi to the existence of problematic still pending regarding the resolution of debt owed ​​by Iraq, amounting to $ 1.5 billion, asserting that Iraq " will pay this debt to Jordan immediately solve these problems. " The Iraqi government spokesman Ali al-Dabbagh, said in an interview on the sidelines of the forum on the subject of debt traders Jordanians that the issue is resolved between Iraq and Egypt and will be working to solve the problem of through negotiations between Jordan and Iraq, and there are committees of the problem for this purpose. Issawi said that "the committees at a high level formed between Jordan and Iraq to discuss a debt of the two countries, both on the other," explaining that "the dilemma of debt Jordanian implications of Iraq is Jordan says It's the debt back to the Central Bank of Jordan, underlining the Iraqi side, it does not belong to the Central Bank, but subject to the mechanisms and procedures in the Paris Club according to the correspondence between Baghdad and the Paris Club. " In the internal Iraqi affairs, said al-Issawi said the government inherited an infrastructure shattered in all aspects , and "the investment does not come in terms of precedent as a result of the security environment is Almsttbh, and now began to calm, security and investments will start to come widely addition, the U.S. side declared its readiness to pull out on what was said by U.S. President Obama." said al-Issawi said Iraq is now studying two important laws to promote investment in Baghdad, namely, investment law, which has been adapted for the third consecutive time in addition to the law of the infrastructure which is called an investment of $ 37 billion in infrastructure, municipalities, and agriculture is a big boost to economic growth in the country. He added that "Iraq follow the topic of investment to the National Investment Commission, not the person of Prime Minister. " Issawi said that the problems of the energy sector, particularly in the electricity, despite the extensive investments in it only it's not on the side of generation but in the distribution and transport and the increasing growth in the need for energy for years to eight years.