IRAQ - UN ~ CONCLUDES ITS SIXTY-NINTH SESSION AND PAYS OUT US$590 MILLION 30-04-2010
United Nations Commission on Compensation decides to pay 590 million dollars to the Government of Kuwait
The board of directors of the United Nations Compensation Thursday the amount of 590 million dollars to the State of Kuwait for distribution to nine successful claims, as reported the Kuwaiti News Agency "Kuna".
United Nations Commission on Compensation decides to pay 590 million dollars to the Government of Kuwait
The board of directors of the United Nations Compensation Thursday the amount of 590 million dollars to the State of Kuwait for distribution to nine successful claims, as reported the Kuwaiti News Agency "Kuna".
This was the amount approved by the Council under the five claims of class "H" on the claims of the institutions and bodies and four claims in category "and" special claim for the loss of the government sector and the environment and natural resources. According to the decision of the Governing Council of the Compensation Commission issued in 2009, claims the remaining nine categories of "e" and "and" pay on a quarterly basis at a rate ten million dollars to push one and the order of approval, which means that remaining value of the claims of the State of Kuwait amounting to 9.22 billion dollars.
It will be recalled that the claims of successful paid from the fund for the Compensation Commission which is funded through a percentage of Iraqi oil sales amounting to five percent, according to paragraph 21 of Security Council resolution 1483, for the year 2003.
The International Committee of the United Nations Compensation in a statement issued on Thursday it was also heard to see the Secretariat of the Committee on follow-up program of environmental compensation, which was adopted in accordance with resolution 258 of 2005. and the program has been established to monitor the expenditure of an amount of 3. 4 billion dollars on programs, environmental rehabilitation, adopted by the governments of Iraq, Kuwait and Saudi Arabia, where provisions are made in the context of claims in category "and" 4 - in order to ensure transparency and the technical level is reasonable.
The Committee decided to hold its next meeting from 9 to 11 November November 2010.
