Ban Ki-moon: remains the amount of 9.8 billion dollars owed to Kuwait
Ban Ki-moon: remains the amount of 9.8 billion dollars owed to Kuwait
12.20.2013 14:02
Ban Ki-moon expresses its satisfaction for the continuation of Iraq in cooperation with the Compensation Commission
{Baghdad: Euphrates News}
expressed general secretary of the United Nations Ban Ki-moon expressed his satisfaction for the continuation of Iraq in the deposit of five percent of its oil revenues to the Compensation Fund in accordance with the Security Council resolutions relevant to compensate for the invasion of the former regime of Kuwait in 1990.
He said Ban Ki-moon to the UN Security Council during the review of its semi-annual “I would like to express my appreciation to the Government of Iraq and the Committee of Financial Experts of Iraq for the continuation of cooperation with the Compensation Committee,” adding, “I am satisfied with the compliance of the Iraqi government of its obligations” under Security Council resolutions relevant. ”
and explained that Ki-moon that “the average monthly income for the Compensation Fund since approximately 6.366 million dollars, with quarterly payments of compensation in excess of one billion dollars.”
and pointed out that “since his last report to the Security Council last June submitted to the Compensation Commission two payments to Kuwait, the first in July and the second In October last couple reached a value of about 3.2 billion dollars. ”
He moon that “the total amount of compensation paid so far by the Commission is 5.43 billion dollars, while remains the amount of 9.8 billion dollars is the last payment claimed by Kuwait.”
confirmed “Based on the current levels of income Fund and recent forecasts Committee remains on track to pay off the balance in the year 2015 “as planned.”
He also expressed his “satisfaction on the basis of the financial statements of the Development Fund for Iraq and the account issued by the auditor Ernst & Young, which confirmed that Iraq has currently metering system comprehensive oil exports that are compatible with the rates of the oil industry standard. ”
and filed Iraq five percent of the proceeds from sales of petroleum, petroleum products and natural gas in the Compensation Fund pursuant to Security Council resolution 687 of 1991, to establish a fund to pay compensation to governments, companies or individuals who suffered losses as a direct result invasion of the former regime of Kuwait in 1990 and the establishment of a committee to manage the fund. ended.
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