Expectations towards Kuwait toward the remaining debt amortization on Iraq
Expectations towards Kuwait toward the remaining debt amortization on Iraq
10/26/2014
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 Gano in his interview with Radio Free Iraq 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 .
On the other hand, a strategic expert and confident Hashemi ruled out the possibility of the remaining amortization of Kuwait from Iraqi debt to the absence of agreement on this matter in the Kuwaiti National Assembly.
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.
iraqhurr.org
