UN envoy: The remaining compensation to Kuwait might invest

[Stillw8n]

UN envoy: The remaining compensation to Kuwait might invest in Iraq

MONDAY, 23 JANUARY 2012

BAGHDAD – AFP – The United Nations envoy to Iraq, told AFP that Iraq and Kuwait, thinking to re-invest the remaining war reparations on Baghdad for the benefit of its southern neighbor, the Fund invests in Iraq.

Iraq continues to pay five per cent of its oil revenues to meet the $ 18 billion dollars in compensation by the residual of Kuwait.

For the benefit of the people of Iraq

Said Martin Koppel Special Representative of the Secretary-General that «there is a proposal on the table provides the remaining funds to invest in Iraq».

He added that «the kind of confidence, and the United Nations fulfilled its obligation, however, the money re-invested in Iraq for the benefit of the people of Iraq».

He said «I think that this is a good proposal and the two parties to hold their negotiations about it».

Iraq has to pay about $ 34.3 billion dollars in compensation after the regime of Saddam Hussein’s invasion of Kuwait, of which about $ 25 billion went to Kuwait.

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