Kuwait expresses its readiness to postpone the payment of Iraq's $ 4.6 billion in compensation
Economy News _ Baghdad:
Last updated 04/25/2017
- 13:22
Showed the State of Kuwait, Tuesday, readiness to examine options for future efforts to ensure the continued payment of Iraq, the amount of US $ 4.6 billion in the framework of compensation for war losses between the two countries in 1990.

The Chairman of the General Authority for Assessment of Compensation for losses of war between the two countries, Khaled Ahmad Al-Mudhaf in a statement seen by "Economy News", "The State of Kuwait reacted positively with the decision taken by the Governing Council of the United Nations Compensation Commission at its last session, the 81 on the second of November 2016 and encouraged both the Kuwaiti and Iraqi governments to cooperate on future options aimed at ensuring the continuation of the payment of this amount in favor of Kuwait. "

Almudaf pointed out that "Kuwait had supported during the special session called for by the Governing Council in December 2014 Resolution 272 (2014) which it requested the brothers in Iraq to postpone the payment of dues payments by taking into account the economic and security difficult circumstances."

He pointed Almudaf, to "the adoption of the Council of the United Nations Compensation Resolution 273 Management (2015), which also postponed Iraq's international obligations to deposit five per cent in the Compensation Fund for an additional year until the first of January 2016 due to the continuing economic and security conditions in Iraq."

He added that "the State of Kuwait supported the third time asked the brothers in Iraq at the 81 session on November 2, 2016, which postponed the process of resumption of the five deposit per cent in the Compensation Fund and other additional year until the first of January 2018 due to the continuing economic and security situation in Iraq."

He added that "Kuwait, Emphasizing the importance of the continuation of the functions and the role of the United Nations Compensation also emphasizes the importance of the completion of the Board of Directors of the responsibilities assigned to it by the Security Council resolutions and decisions of the United Nations Compensation it understands at the same time the security and economic situation in Iraq and here have reacted positively with all previous postponement requests demanded by the brothers in Iraq. "
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