Iraq signs a memorandum of forgiveness of 75% of its debts with Arab funds

[yota691]

Iraq signs a memorandum of forgiveness of 75% of its debts with Arab funds

Part of the 104th session of the Economic and Social Council of the Arab League in Cairo

 05 Sep 2019 05:26 PM

The Arab League signed on Thursday a memorandum of understanding with Iraq in implementation of the decision of the recent Arab summit in Tunisia;

The 104th session of the Economic and Social Council of the League of Arab States kicked off at the headquarters of the General Secretariat of the League of Arab States in the presence of a number of ministers, heads of Arab delegations and directors of joint Arab action organizations.

The memorandum was signed by Assistant Secretary-General for Financial and Administrative Affairs Abdullah Sorour Al-Mutairi and Iraq on its ambassador to Egypt Ahmad Al-Dulaimi, according to SPA.

The memorandum of understanding includes clauses on how to exempt Iraq from paying its debts to Arab funds by 75 percent, how to pay Iraqi arrears in the budget of the General Secretariat of the League, and a program for how and when to pay.

Al-Mutairi said that these arrears amount to about 21 million dollars, noting that Iraq has always been a leader in the commitment to pay all financial contributions to the budget of the Arab League and Arab funds.

[Laid Back]

More debt forgiveness for Iraq.... Now from the Arab League.

 

Creditors won’t erase your debt just because you ask. Maybe the Arab League 

knows something we don’t know.

 

Go iraq

Go powerhouse in the ME

Go RV

Go $1:1

 

 

 

 

 

 

[Wiljor]

1 hour ago, Laid Back said:

More debt forgiveness for Iraq.... Now from the Arab League.

 

Creditors won’t erase your debt just because you ask. Maybe the Arab League 

knows something we don’t know.

 

Go iraq

Go powerhouse in the ME

Go RV

Go $1:1

 

 

 

 

 

 

I bet they do brother 😉 We patiently wait 🙏

[yota691]

Arab League discusses ways to establish Arab bank for development and reconstruction

Emoticon

 05 Sep 2019 08:14 PM

Mubasher: The Ministerial Committee for Follow-up and Preparation for the Arab Economic and Social Development Summits held a meeting on Thursday under the chairmanship of Lebanon and the participation of member states in the committee .

On the sidelines of the meeting, Ambassador Kamal Hassan, assistant secretary general and head of economic affairs at the university, confirmed that the committee discussed how to implement the proposal of Lebanese President Michel Aoun, chairman of the Arab Development Summit, before the Beirut Development Summit to establish an Arab Bank for Reconstruction and Development. Petra . "

The meeting of the ministerial committee comes within the framework of following up the implementation of the resolutions issued by the Arab Economic and Social Development Summit at its fourth session held in Beirut last January .

During the meeting, the most important items of the economic and social agenda were discussed at the level of the next Arab Summit in March 2020, in addition to appreciating the State's efforts in caring for children and building Arab generations that are aware and capable of leading the future, according to WAM .

The social committee items included various initiatives and projects concerned with women, people of concern and the elderly, in addition to discussing Arab international cooperation with a view to achieving economic and social development .

[Laid Back]

1 hour ago, Wiljor said:

I bet they do brother 😉 We patiently wait 🙏

Agree brother.!

We patiently wait.

 

GO RV Asap

Go $1:1

[screwball]

Isn’t that interesting...Arab funds set up new Iraqi isx index and now wipe off debt....just goes to show much money they plan to make...