KUWAIT NOT REQUIRING IRAQ TO PAY THEIR DEBTS AT THE PRESENT TIME

TIDBIT:
Is it just me, or are Iraq and Kuwait being awefully chummy lately? Weren't they at eachother's throats as short as last June/July 09? Things that make you go... hmmm...


Iraq Says Kuwait Not Be Required to Present Their Debts and To Call for the Cancellation of the Vice -
Alsumaria News / Baghdad

The Minister of Finance of Iraq not be required to pay the State of Kuwait for Iraq debt at the present time, as invited by the Deputy in the Iraqi parliament the Kuwaiti government to cancel the debt "taking into account the good-neighborliness."

He said Finance Minister Bayan Jabr said in an interview for "Alsumaria News", "The issue of debt and compensation Kuwait will be resolved in a timely manner," explaining that "there are efforts being made by both sides to resolve the issue as soon as possible," he said.

The Kuwaiti Foreign Minister Sheikh Mohammad al-Sabah said in previous statements that his country "does not want Iraq to pay its debts, estimated at billions of dollars, but wants assurances it on good-neighborliness and security, because of deep skepticism in a large sector of the Kuwaiti directions for the new Iraq," as he put it , adding that "Money is the last thing we think."

Zubaidi stressed that "the Kuwaiti government will not ask us at the moment to pay its debts", which avoided mentioning the size.

For his part, said member of parliament Jaber Habib Jaber, "The issue of debt cancellation and reparations Kuwait is one of the priorities of the Iraqi government at the present time," afterthought by saying that "the two sides are currently working on other areas of common interest, such as border demarcation carried out by joint committees , the search for the remains of Kuwaitis missing in Iraq, setting the stanchions in the shared waters. "

Jaber said in an interview for "Alsumaria News", that "the debt that Iraq owes Kuwait belonged to the former regime," and urged Kuwait to "cancel their debts taking into account the good-neighborly and historical relations between the two countries," he said.

It is noteworthy that Iraq pays 5% of its oil revenues in compensation for a special international compensation fund for damage caused by the invasion of Kuwait in 1991, while Baghdad is seeking to adopt a Security Council that it no longer represents a threat to international security, a justification that has underpinned the sanctions imposed to the former regime, after the invasion of Kuwait, specifically in the context of Chapter VII of the United Nations Act.

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