Egypt rejects Iraq’s request to waive the debts of the priva
Posted: Sun Jan 01, 2012 10:58 amEgypt rejects Iraq’s request to waive the debts of the private sector
Reports by the Egyptian press, Sunday, for the Egyptian government refused an offer by Iraq to ensure the provision of out of private sector debt, estimated at about $ 408 million, claiming that this was not to acquire the right to waive the debt.
The Egyptian newspaper in a report seen by “Twilight News” that “the Egyptian government received an official invitation from Iraq to ensure the provision of out of private sector debt, estimated at about $ 408 million, the value of remittances from Egyptians private remittances for more than a yellow 20 years. “
The newspaper said that “the Egyptian government has rejected the Iraqi offer, which included the benefits of debt subject to the rules of the Paris Club, which provides for exempting Iraq from 80% of them, and bonds in 15 years the proportion of the remaining 20%.”
According to the paper that “the Egyptian government confirmed its commitment to full benefits because they do not have the right to waive the debts of the private sector, or waive interest debt workers.”
It is said that the Egyptian Foreign Ministry had made several contacts with Iraqi officials during the last period on debt owed to Egypt, where there are debts of the enterprise sector and the private sector owed by Iraq.
The Egyptian government has received another offer from the Iraqi side that gives the Egypt oil at preferential prices, and opens the way for the Egyptian labor, and to conclude contracts in the field of construction to increase the Egyptian presence in Iraq, especially after the withdrawal of the United States, and increase the presence of the Turkish, Iranian, French and German in the Iraqi arena.
http://bit.ly/uNtpBL
Reports by the Egyptian press, Sunday, for the Egyptian government refused an offer by Iraq to ensure the provision of out of private sector debt, estimated at about $ 408 million, claiming that this was not to acquire the right to waive the debt.
The Egyptian newspaper in a report seen by “Twilight News” that “the Egyptian government received an official invitation from Iraq to ensure the provision of out of private sector debt, estimated at about $ 408 million, the value of remittances from Egyptians private remittances for more than a yellow 20 years. “
The newspaper said that “the Egyptian government has rejected the Iraqi offer, which included the benefits of debt subject to the rules of the Paris Club, which provides for exempting Iraq from 80% of them, and bonds in 15 years the proportion of the remaining 20%.”
According to the paper that “the Egyptian government confirmed its commitment to full benefits because they do not have the right to waive the debts of the private sector, or waive interest debt workers.”
It is said that the Egyptian Foreign Ministry had made several contacts with Iraqi officials during the last period on debt owed to Egypt, where there are debts of the enterprise sector and the private sector owed by Iraq.
The Egyptian government has received another offer from the Iraqi side that gives the Egypt oil at preferential prices, and opens the way for the Egyptian labor, and to conclude contracts in the field of construction to increase the Egyptian presence in Iraq, especially after the withdrawal of the United States, and increase the presence of the Turkish, Iranian, French and German in the Iraqi arena.
http://bit.ly/uNtpBL