April 1, 2010, June 15, 2010, December 31, 2010
1. By April 1, 2010. The Council called on the Government of Iraq to ensure the timely and effective transition to a post-Development Fund mechanism by 31 December 2010 and to put in place the necessary action plan and timeline thereto by 1 April next year (2010). The Council further requested the Government, through the head of the Council of Financial Experts (COFE) to report quarterly to the Council on progress made.
2. No later than 15 June 2010. Unanimously adopting resolution 1905 (2009) and acting under Chapter VII of the United Nations Charter, the Council decided that the mechanism of the Development Fund and the International Advisory and Monitoring Board as well as other relevant provisions of resolution 1483 (2003) would be reviewed at the request of Iraq’s Government, or no later than 15 June 2010.
3. December 31, 2010 - Security Council Extends Until 31 December 2010 Arrangements for Depositing Proceeds from Oil, Gas Sales into Development Fund for IraqAdopting Resolution 1905(2009) Unanimously, Council Also RequestsIraq ’s Government to Transition to Post-Fund Mechanism by End of 2010
Reasons Iraq remains under Chapter 7:
1. Money ~ Iraq owes Kuwait US$16 billion (Dh58.8bn) from loans that were mostly made during the 1980s when Saddam Hussein’s regime was fighting a war with Iran. The Iraqi government owes an additional $25bn in war reparations to Kuwait as a result of the 1990 invasion.Sheikh Mohammed said he was referring only to the money owed to Kuwait through loans, and not compensation, which he said has its own “international mechanism”.The UN Compensation Commission oversees payments to individuals, companies, non-governmental organisations and governments that suffered in the invasion. Five per cent of the country’s oil sales are used as compensation, and Iraq must resolve the reparations issue before it can be relieved of the UN’s remaining sanctions.
2. Border Issues ~ Mr Ali said Kuwait, Iraq and the UN all agreed to the demarcation of the border between the two countries after the Iraq war, but some Iraqi nationalists still do not accept the deal. Some Iraqi MPs have questioned the validity of the border, and others have demanded that Kuwait pay Iraq compensation for giving the US-led coalition a base from which to stage the 2003 invasion, which they said was illegal under international law.
3. Returning the Remains and Documents from 1990 war ~ The Foreign Ministry called on Monday for people to turn their possession of "documents and Kuwaiti property," were seized during the former regime during its invasion of Kuwait in 1990. He said Iraqi Foreign Minister Hoshyar Zebari said on Wednesday, said his country returned the remains of 300 Kuwaiti nationals, and a large part of the archive, according to the UN Security Council resolution,
"But there is still much to return," saying that "Iraq is required under the provisions of Chapter VII of the return of all property and documents, which gesture to the Kuwaiti confirm that we are interested and serious about this subject".
Links ~*** New Mechanism to Guarantee Protecting Iraqi Money
Kuwait needs security, not money from Iraq: Minister
Iraq Kuwait to return to the remains of 300 people and a large portion of the documents
IRAQ - SECURITY COUNCIL EXTENDS DEVELOPMENT FUND FOR ONE MORE YEAR (IT'S A GOOD THING) ...
Iraq predicts "package deal" will be reached with Kuwait after elections
