Iraqi government submitted a plan to the Security Council to consider the inherited debt and reparations

2/27/2010 9:08:26

Iraqi government submitted a plan to the Security Council to consider the inherited debt and reparations

BAGHDAD (Drabin): completed the Special Committee in charge of developing mechanisms to ensure the protection of Iraqi funds deposited abroad after the end of the mandate of the Development Fund for Iraq funds its work in preparing the final report for submission to the Council of Ministers.

According to a statement released today that the committee reached after a series of meetings to draft a preliminary report includes the provision of a work plan and timetable to ensure that the transition mechanism subsequent to the Development Fund for Iraq by the end of the year.

The project also includes a government plan for the consideration of debt and compensation claims inherited from the former regime and the liquidation of its files and committee will report to the Council of Ministers to be approved and submitted to the UN Security Council through the Committee on the Iraqi financial experts prior to the date when the first of April next implementation of paragraphs (4, 5) of the UN Security Council Resolution 1905.

The statement noted that the committee considers the draft report contained in the current proposals and recommendations can be fulfilled at the present time the obligations of Iraq over the UN Security Council resolution to complete the rest of the procedures and obligations of the Government in the coming months of this year.

The committee has been formed by a decision of the Council of Ministers on the nineteenth of last January, headed by Dr. Rose Nouri Shawis Deputy Prime Minister and membership of the Ministers of Foreign Affairs and Finance, Planning and oil, Justice and Central Bank Governor and Chairman of the Financial Inspection Office and Advisor to the Prime Minister of Legal Affairs.

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