FrankenSLI Posted June 18, 2011 Report Share Posted June 18, 2011 * 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 More sharing options...
Solarcloud Posted June 18, 2011 Report Share Posted June 18, 2011 This is getting me wet. With tears of joy. 2 1 Link to comment Share on other sites More sharing options...
michelneedsRV Posted June 18, 2011 Report Share Posted June 18, 2011 The article does'nt mean it will RV though. But it's certainly a good sign for the development of iraq. 1 Link to comment Share on other sites More sharing options...
FrankenSLI Posted June 18, 2011 Author Report Share Posted June 18, 2011 This is getting me wet. Naughty!!! With tears of joy. Link to comment Share on other sites More sharing options...
MButler Posted June 18, 2011 Report Share Posted June 18, 2011 (edited) "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 June 18, 2011 by MButler 1 Link to comment Share on other sites More sharing options...
FrankenSLI Posted June 18, 2011 Author Report Share Posted June 18, 2011 * 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 More sharing options...
PacoTaco Posted June 18, 2011 Report Share Posted June 18, 2011 All is good!!! Go RV! Link to comment Share on other sites More sharing options...
af4mi Posted June 18, 2011 Report Share Posted June 18, 2011 Gives Geitner and Bernanke time to figure a way to get a few more points of 'profit' from the unwashed masses into the treasury/Fed. Nothing more. 1 Link to comment Share on other sites More sharing options...
Carrello Posted June 18, 2011 Report Share Posted June 18, 2011 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 More sharing options...
MovieMaker Posted June 18, 2011 Report Share Posted June 18, 2011 (edited) "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!Maybe this will go un noticed? COME ON IT'S RV TIME! TIME TO MAKE OUR MOVIE! >>The Long Run << FrankenSLI THANKS FOR SHARING Edited June 18, 2011 by MovieMaker 1 Link to comment Share on other sites More sharing options...
RAGARCIA62 Posted June 18, 2011 Report Share Posted June 18, 2011 This is getting me wet. With tears of joy. Link to comment Share on other sites More sharing options...
fastang1111 Posted June 18, 2011 Report Share Posted June 18, 2011 "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 1 Link to comment Share on other sites More sharing options...
dogtrainer55 Posted June 18, 2011 Report Share Posted June 18, 2011 Where is the link? The link provided takes me to another article. Link to comment Share on other sites More sharing options...
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