Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

* Iraq Submitted a Plan to the Security Council to Manage the Funds of the Development Fund


Recommended Posts

* Iraq Submitted a Plan to the Security Council to Manage the Funds of the Development Fund

June 17th, 2011 06:53 pm ·

Friday, June 17, 2011

Baghdad – Abdel Wahed Tohme

Iraq informed the Security Council to complete its procedures in post-development fund at the end of this month.

The Fund was established in 2003 based on UN Resolution 1483 and holds the proceeds of oil export sales and the remaining balances of the oil for food.

And the Ministry of Foreign Affairs of the Security Council that «Baghdad has made all the arrangements required to ensure that the allocation of five percent of oil revenues to the Compensation Fund».

Iraq has suffered from the burden of $ 21 billion out of 41.3 obtained in compensation for its invasion of Kuwait in August 1990.

The plan of the government include the «open a new account on behalf of the Government of the country’s Department of Central Bank of Iraq with the Council of the Federal Reserve (the U.S. central bank) as an alternative to the expense of the Development Fund for Iraq, turned to him all the financial assets owned by the Development Fund for Iraq is in addition to any other assets belonging to the Iraqi government ».

The Iraqi government spokesman Ali al-Dabbagh, announced the end of April last cabinet approval to a government report on the transition to the arrangements after the Development Fund for Iraq on the basis of Security Council resolution 1956 to 2010.

She drew a letter to the Iraqi Foreign Ministry that «the mechanism will ensure the continuation of Iraq with its obligations under the resolutions of the United Nations».

Presented to the Development Fund for Iraq and the media considered the largest theft in U.S. history. According to press reports that Congress had allocated about $ 61 billion for the reconstruction of Iraq after the U.S. invasion in March 2003, but the statistics of the reviewers pointed out that the $ 6.6 billion of this amount had disappeared or been stolen, probably ».

The plan included the Iraqi «solutions to the Iraqi Committee of Financial Experts replace the International Advisory and Monitoring from the beginning of next month».

The Security Council decided last August to stop working arrangements for depositing of proceeds from sales of oil and gas in the Development Fund for Iraq, and called on Baghdad to complete the full transition and effective mechanism after the Fund, including the arrangements for the observers to finance external and continue to pay five percent of the victims of the Iraqi invasion of Kuwait.

President Barack Obama decided to extend U.S. protection to the Development Fund in Iraq for one year.

Link to comment
Share on other sites

"President Barack Obama decided to extend U.S. protection to the Development Fund in Iraq for one year. "

I'm not sure if this is a good thing or not. If we (the USA) extend protection of this fund for another year, what incentive does Iraq have to rv any sooner?

Edited by MButler
  • Upvote 1
Link to comment
Share on other sites

* Iraq Submitted a Plan to the Security Council to Manage the Funds of the Development Fund

June 17th, 2011 06:53 pm ·

Friday, June 17, 2011

Baghdad – Abdel Wahed Tohme

Iraq informed the Security Council to complete its procedures in post-development fund at the end of this month.

The Fund was established in 2003 based on UN Resolution 1483 and holds the proceeds of oil export sales and the remaining balances of the oil for food.

And the Ministry of Foreign Affairs of the Security Council that «Baghdad has made all the arrangements required to ensure that the allocation of five percent of oil revenues to the Compensation Fund».

Iraq has suffered from the burden of $ 21 billion out of 41.3 obtained in compensation for its invasion of Kuwait in August 1990.

The plan of the government include the «open a new account on behalf of the Government of the country’s Department of Central Bank of Iraq with the Council of the Federal Reserve (the U.S. central bank) as an alternative to the expense of the Development Fund for Iraq, turned to him all the financial assets owned by the Development Fund for Iraq is in addition to any other assets belonging to the Iraqi government ».

The Iraqi government spokesman Ali al-Dabbagh, announced the end of April last cabinet approval to a government report on the transition to the arrangements after the Development Fund for Iraq on the basis of Security Council resolution 1956 to 2010.

She drew a letter to the Iraqi Foreign Ministry that «the mechanism will ensure the continuation of Iraq with its obligations under the resolutions of the United Nations».

Presented to the Development Fund for Iraq and the media considered the largest theft in U.S. history. According to press reports that Congress had allocated about $ 61 billion for the reconstruction of Iraq after the U.S. invasion in March 2003, but the statistics of the reviewers pointed out that the $ 6.6 billion of this amount had disappeared or been stolen, probably ».

The plan included the Iraqi «solutions to the Iraqi Committee of Financial Experts replace the International Advisory and Monitoring from the beginning of next month».

The Security Council decided last August to stop working arrangements for depositing of proceeds from sales of oil and gas in the Development Fund for Iraq, and called on Baghdad to complete the full transition and effective mechanism after the Fund, including the arrangements for the observers to finance external and continue to pay five percent of the victims of the Iraqi invasion of Kuwait.

President Barack Obama decided to extend U.S. protection to the Development Fund in Iraq for one year.

http://www.iraq-businessnews.com/2011/06/17/doing-business-in-iraq/

Missed the link...

Link to comment
Share on other sites

This is getting me wet.

You need to get together with Easyrider, and I don't just mean a PM. At least the two of you would not have to do these things alone.....please get together. The rest of us are feeling sorry for for you.

With tears of joy.

Link to comment
Share on other sites

"President Barack Obama decided to extend U.S. protection to the Development Fund in Iraq for one year. "

I'm not sure if this is a good thing or not. If we (the USA) extend protection of this fund for another year, what incentive does Iraq have to rv any sooner?

DAG-NAB-IT!dry.gifMaybe this will go un noticed? mellow.gifCOME ON IT'S RV TIME! biggrin.gif TIME TO MAKE OUR MOVIE!

>>The Long Run <<

FrankenSLI THANKS FOR SHARING

Edited by MovieMaker
  • Upvote 1
Link to comment
Share on other sites

"President Barack Obama decided to extend U.S. protection to the Development Fund in Iraq for one year. "

I'm not sure if this is a good thing or not. If we (the USA) extend protection of this fund for another year, what incentive does Iraq have to rv any sooner?

This is my question also ?? any one :huh:

  • Upvote 1
Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.