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When will Kuwait repay its debts?

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When will Kuwait repay its debts? Empty When will Kuwait repay its debts?

Post by RamblerNash Sat Feb 17, 2018 10:49 pm

When will Kuwait repay its debts?

When will Kuwait repay its debts? Image
 
17-02-2018 02:59 PM

BAGHDAD (Reuters) - Iraq will end its debts to Kuwait from the 1991 invasion beyond 2020, an economic adviser to the Iraqi government said Saturday, pointing to negotiations to find an alternative solution .

Saleh said that "the remnants of compensation of the war in Kuwait, which is today about 4.5 billion dollars, began to pay from the first of this year by half a percent of the return of each barrel of crude oil source .

He added that 'the ratio will rise in the year 2019 to 1.5% of the return of each barrel to pay the remnants of compensation and become in 2020 by about 3% of the return of each barrel of oil until the extinguishment of full compensation .'


"There are negotiations to be held next April with the United Nations Compensation Fund in Geneva to assess the payment mechanisms and possibly find another alternative, " Saleh said .

http://www.ikhnews.com/index.php?page=article&id=164432

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