Gulf | Kuwait
Kuwait conditionally agrees to write off debts, senior Iraqi official says
Iraq's debts owed to Kuwait are to be reallocated as investments inside Iraq, said Eyad Al Samarrai, Speaker of the Iraqi Parliament, as he concluded his visit to Kuwait on Thursday.
- Staff Report
- Published: 22:45 July 9, 2009
Kuwait: Iraq's debts owed to Kuwait are to be reallocated as investments inside Iraq, said Eyad Al Samarrai, Speaker of the Iraqi Parliament, as he concluded his visit to Kuwait on Thursday.
Al Samarrai said he had presented a proposal to Kuwaiti officials which suggested that all of Iraq's debt will instead be turned into investment projects within the country, reported the Kuwaiti Arabic daily, Al Watan.
"Kuwait has agreed that the compensations are turned into investments inside Iraq," he said.
Al Samarrai added that the idea was welcomed and that the Kuwaiti side will study the proposal's feasibility.
On a separate issue, in a coordinated effort between Kuwaiti and Iraqi officials, a mass grave located in Karbala will be excavated next week as it is suspected to contain the remains of Kuwaiti victims.
DNA tests, said the paper, will be carried out to determine the identities of the victims.
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