February 16, 2010Finance: Kuwait, Saudi Arabia, the debt owed by Iraq at 21 billion dollars
The Ministry of Finance of Iraq Iraq's debts arising from his trust towards both Saudi Arabia and Kuwait $ 21 billion dollars in debt the Director-General in the Ministry of Finance that most Paris Club members had reduced Iraq's debt to 80%.
He said Finance Minister Bayan Jabr said in an interview for "Alsumaria News", "The debt owed by Iraq to Saudi Arabia, Kuwait $ 21 billion, 15 billion dinars to Saudi Arabia, and six billion dollars to Kuwait," adding that "there are efforts under way between the two sides To resolve the issue of debt."
"Now that" Iraq is finished file its foreign debt with the exception of some of the world, including Saudi Arabia, Kuwait, Turkey, China and Poland, "revealing the near" The signing of an agreement with China to reduce 80% of Iraq's debt amounting to eight billion and 500 million dollars."
For his part, director of public debt at the Treasury, Izz al-Din Taha luck that all members of the Paris Club with the exception of Poland had reduced their debts by 80% while the canceled some of its debt in full as a state of Denmark."
The Izz al-Din said in an interview for "Alsumaria News" that "Poland is the only Paris Club countries that still refuse to cancel the debts on Iraq and $ 850 million, because of economic problems faced by," indicating that "Iraq agreed with Poland to extinguish the Iraq's debt after the economic improvement they have."
The Minister of Finance has occurred in the month of January with the State of Denmark to extinguish the 100% of Iraq's debts arising from his trust towards it, Denmark is one of the countries in the Paris Club members who signed in December 2004 to record an agreement with Iraq to reduce the debts owed by Iraq by implications 80%.
The Paris Club of economic an informal group of financiers from 19 countries of the world's richest countries, which provide financial services such as debt restructuring and burdens, and debt cancellation to indebted countries and creditors and the IMF had identified the names of those countries after the alternative solutions have failed.
The Izz al-Din said that "Iraq's debt to the Paris Club of 55 billion dollars have been put out 80% of these amounts, indicating that among these countries, Russia, France, Finland, Germany, Sweden and Spain."
Izz al-Din pointed out that "the implications of Iraq's debt amounts to the world divided into four groups, including the debt to Paris Club debt, and the States to non-Paris Club and commercial debt and the debts to the Arab countries," indicating that "Iraq was able to reduce the $ 120 billion of debt in the amount of his trust $ 140 billion, after a waiver of some States to this debt."
Iraq has sought to cancel the debts arising during the period of the previous regime of Saddam Hussein, amounting to more than $ 120 billion, which date back to some compensation because of the wars he waged against its neighbors.
radionawa.com
The Ministry of Finance of Iraq Iraq's debts arising from his trust towards both Saudi Arabia and Kuwait $ 21 billion dollars in debt the Director-General in the Ministry of Finance that most Paris Club members had reduced Iraq's debt to 80%.
He said Finance Minister Bayan Jabr said in an interview for "Alsumaria News", "The debt owed by Iraq to Saudi Arabia, Kuwait $ 21 billion, 15 billion dinars to Saudi Arabia, and six billion dollars to Kuwait," adding that "there are efforts under way between the two sides To resolve the issue of debt."
"Now that" Iraq is finished file its foreign debt with the exception of some of the world, including Saudi Arabia, Kuwait, Turkey, China and Poland, "revealing the near" The signing of an agreement with China to reduce 80% of Iraq's debt amounting to eight billion and 500 million dollars."
For his part, director of public debt at the Treasury, Izz al-Din Taha luck that all members of the Paris Club with the exception of Poland had reduced their debts by 80% while the canceled some of its debt in full as a state of Denmark."
The Izz al-Din said in an interview for "Alsumaria News" that "Poland is the only Paris Club countries that still refuse to cancel the debts on Iraq and $ 850 million, because of economic problems faced by," indicating that "Iraq agreed with Poland to extinguish the Iraq's debt after the economic improvement they have."
The Minister of Finance has occurred in the month of January with the State of Denmark to extinguish the 100% of Iraq's debts arising from his trust towards it, Denmark is one of the countries in the Paris Club members who signed in December 2004 to record an agreement with Iraq to reduce the debts owed by Iraq by implications 80%.
The Paris Club of economic an informal group of financiers from 19 countries of the world's richest countries, which provide financial services such as debt restructuring and burdens, and debt cancellation to indebted countries and creditors and the IMF had identified the names of those countries after the alternative solutions have failed.
The Izz al-Din said that "Iraq's debt to the Paris Club of 55 billion dollars have been put out 80% of these amounts, indicating that among these countries, Russia, France, Finland, Germany, Sweden and Spain."
Izz al-Din pointed out that "the implications of Iraq's debt amounts to the world divided into four groups, including the debt to Paris Club debt, and the States to non-Paris Club and commercial debt and the debts to the Arab countries," indicating that "Iraq was able to reduce the $ 120 billion of debt in the amount of his trust $ 140 billion, after a waiver of some States to this debt."
Iraq has sought to cancel the debts arising during the period of the previous regime of Saddam Hussein, amounting to more than $ 120 billion, which date back to some compensation because of the wars he waged against its neighbors.
radionawa.com
