Despite paying all of Kuwait's debts, Iraq is obligated to pay money to other countries

[yota691]

Despite paying all of Kuwait's debts, Iraq is obligated to pay money to other countries

 

 

1,348 Policy 2022/08/10 13:33 Baghdad today -

Special Iraq's permanent envoy to the United Nations, Muhammad Hussein Bahr Al-Uloum, announced today, Wednesday, that Iraq will pay all the foreign debts imposed on it within the Security Council resolution as a result of the occupation of Kuwait, while indicating that there are bilateral debts outside this resolution that Iraq is still committed to paying. Bahr Al-Uloum (Baghdad today) said that "there is a debt owed by Iraq to Kuwait, although it was able, within the Paris Club, to reduce 80% of the debt." He added that "Iraq negotiated with countries on a bilateral basis and was able to extinguish some of them and some of them were paid. These debts, although related to the previous regime, are not linked to the UN Security Council." Bahr Al-Uloum indicated that "there is international cooperation regarding the remaining debts to reduce many of them."

[yota691]

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[screwball]

Haven’t we been through this? I thought kuwait was the last? 

[southbeach]

Maybe they’re referring to all the outstanding MOU’s the GOI agreed to?

[southbeach]

….which will be satisfied at the new exchange rate forthcoming?

[Fairways&Greens]

Geez! If the old USA had to follow these same rules, we’d be paying off our debt til 2422. 😆

 

Maybe we could collect all the foreign aid we gave away over the last 70 yrs. Lol. 

[yota691]

16 hours ago, Fairways&Greens said:

Geez! If the old USA had to follow these same rules

When it someone else money..ie the taxpayers..it spending spree..GM DV

[screwball]

On 8/11/2022 at 9:02 AM, southbeach said:

….which will be satisfied at the new exchange rate forthcoming?

I believe so southbeach! 100%