Thursday, February 17, 2011

2-17-11 Parliamentary committee calls on Kuwait to cancel debt as it weighs on budget

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. The Economic Committee called for Kuwait to exempt Iraq from paying 5% of their oil exports, and for eliminating the remainder of Iraq's debts
2. 5% of Iraq's oil exports goes to the compensation fund for Kuwait in order to repay the debt Iraq owes to Kuwait
3. Iraq owes Kuwait 22 billion dollars
4. The remainder of the article discusses Maliki's visit to Kuwait, and provides an historical perspective relating to Iraq's relation with Kuwait as it pertains to Chapter 7

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