UN: Kuwait will receive a billion dollars in Iraq this month

[trooper]

UN: Kuwait will receive a billion dollars in Iraq this month

Twilight News / UN Secretary-General of the United Nations, Wednesday, that the Compensation Commission for the invasion of Saddam's regime of Kuwait, and the Comptroller stressed the need to develop the Iraqi government, the mechanism accounting appropriate to ensure the enrollment of 5%, and the transfer of similar value to the Compensation Fund, while expressing appreciation to the Government Iraq for its continued cooperation with the Compensation Committee.

And Ban Ki-moon, in a report to the Security Council, expressed his satisfaction for the continuation of Iraq transfer 5% of its oil revenues to the United Nations Fund for compensation, according to the UN Security Council resolution, noting at the same time the need for an assessment of the following account of the United Nations Fund for Iraq's development .

The proportion of 5%, deducted from the proceeds of Iraq's oil, of compensation for Gulf War II, established by the United Nations Commission for the compensation established by the Security Council in 1991 pursuant to a parts of the resolution number 687, which imposed the sanctions on Iraq following its invasion of Kuwait on 2 August 1990 , has repeatedly said that Iraq tried to reduce that percentage, but it did not work.

Moon said that the Board of Governors of the Compensation Committee of the Geneva-based "is supervised by an active developments in the wake of the end of the mandate of the Advisory Committee and international regulatory, Iraq, on June 30 of last year, and Iraq's transfer of money from the proceeds and use of the Committee of Financial Experts of Iraq."

The Committee appointed company (Ernst & Young) for the U.S. calendar for the year 2011 to the United Nations Fund for the Development of Iraq, and his account.

He Ban Ki-moon expressed his appreciation to the Government of Iraq "for its commitment to" the mechanism of converting 5% of its oil revenues and the "continuity" in cooperation with the Compensation Commission, adding, "While the evidence shows a positive, referring to the Iraqi government to its commitments, but only after a calendar for the following account of the United Nations Fund for the Development of Iraq can confirm this. "

He added that the Compensation Commission and the Comptroller met in July with the Chairman of the Iraqi Committee of Financial Experts, who "renewed emphasis on the transfer arrangements that percentage of the proceeds of sales of Iraqi oil and gas will not change."

He said that the Compensation Commission, confirmed the position of the Iraqi government in the months of August and October two awaiting confirmation from the Commission for Iraqi mechanism.

He continued, "The Iraqi Committee assumed responsibility for overseeing the sales of Iraqi oil, instead of the Advisory Committee and the international regulatory in the month of June."

It is said that Kuwait received from the Compensation Commission batches over a billion dollars first on July 28 and the second in October 27 the last two.

Predicted Ban Ki-moon, to receive the next installment of Kuwait the same amount in 26 of the month of January.

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[Carrello]

Okay, Iraq made its' quarterly reparations payment o Kuwait. Nothing new. Why is it news, other than a reminder to the world that Iraq is committed to its' deal with the UN to repair relations with Kuwait and make the payments due. Will the article tomorrow say that Iraq has done everything it can to find the bodies and archives? We will continue to look and we are committed.

If this is the scenario, I would think this is nothing more than public relations running in front of a justified release of Chapter VII, and very good news.

[zigmeister]

I agree. It seems they, Iraq is keeping to its responsibilities. Really, really good news. Strange isn't it, last 2 weeks it appeared to be falling apart. But I did say it, they were shaking the tree.

[SgtFuryUSCZ]

It seems imperative to them that they put on a good face in the international community. Nice to see it seems they care and want the respectability and clout that comes from being a legit global entity. But can the internal strife jeapordise these efforts and throw it all backward regardless of such effort? And if so, what does that mean to us (RV'ers)?

[zigmeister]

It seems imperative to them that they put on a good face in the international community. Nice to see it seems they care and want the respectability and clout that comes from being a legit global entity. But can the internal strife jeapordise these efforts and throw it all backward regardless of such effort? And if so, what does that mean to us (RV'ers)?

Yes it can imo. Let's say it RV's it would definitely influence the fluctuation of the RV. It could keep it on hold.

[SgtFuryUSCZ]

Thanks, Zig. Y'know, that internal strife has been going on in that region for thousands of years, how long would it have to remain at a dull roar for an RV to take place? Is there even a realistic window of opportunity considering the region we're dealing with here? I'd hate to think all is lost( because I'm a 'glass half full' type thinker/believer), but jeez looeez... I don't want to see this thing drag out another 8 years... i'm old AND tired!

[zigmeister]

Thanks, Zig. Y'know, that internal strife has been going on in that region for thousands of years, how long would it have to remain at a dull roar for an RV to take place? Is there even a realistic window of opportunity considering the region we're dealing with here? I'd hate to think all is lost( because I'm a 'glass half full' type thinker/believer), but jeez looeez... I don't want to see this thing drag out another 8 years... i'm old AND tired!

It could. But I am optomistic today. They have worked through the turmoil of the past two weeks. They have worked around the "walk out" by the Sunni's and I might add very cleverly. They put those who did not show up on leave and replaced them. Those who walked out will have to make a decision, and those who replaced them will want their jobs. So what we see today is a flurry of good news. HCL can be implemented at any time. Chapter 7 looks very good. The 2012 budget is agreed upon with the IMF's support. I think 900 barrels of oil will be in production in February. So while there was a **** storm last two weeks, they were busy. I also want to add, it seems Iraq on its own has put the fires out for now. That is a big statement to the international community. So IMO there is much to excited about.

[SgtFuryUSCZ]

New Gov't, New Year, New Hopes/Dreams... I respect the effort they are putting forth. Let's send good thoughts their way. GO RV!

[Carrello]

I agree. It seems they, Iraq is keeping to its responsibilities. Really, really good news. Strange isn't it, last 2 weeks it appeared to be falling apart. But I did say it, they were shaking the tree.

And you said that Maliki, being the actor that he is, wanted to "appear" to be trying very hard to come to a resolution and satisfy the Kuwaitis, only after basically doing nothing in several years to satisfy C VII requirements.......

Edited January 4, 2012 by Carrello