Announced the government spokesman Ali al-Dabbagh said the Cabinet decided to ratify the minutes of the joint agreement between the representatives of the Government of the Republic of Iraq and the representatives of the Government of the Republic of Madagascar at the headquarters of the Iraqi embassy in the capital of Jordan (Amman) for the period (5-6 May 2010) on the conformity and the settlement of debts of Madagascar for Iraq and payment in accordance with the Paris Club terms.
Dabbagh said that the cabinet approval the minutes of the joint agreement comes within a quest Iraqi government in implementing the regulations and international obligations, including obligations of the Paris Club International on the debt where the move is a practical application of international conventions and the Paris Club and translate them into practical reality perpetuates the link between Iraq and the international community and the emphasis Iraq's obligation to the material and moral support to other developing countries and which would result in payment of debt for Iraq so that Iraq can regain its wholesome image, between States.
Dabbagh said that the origin of the topic view session meetings of the Council of Ministers and the Council adopted a resolution to approve the authorization of foreign and finance ministries the authority to negotiate with developing countries, the city on the repayment of the loan in full or installments, or delete part of it and then submitted to the Council of Ministers for approval The Foreign Ministry said that A meeting was held between the delegations of the Republic of Iraq and the Republic of Madagascar in Oman to match the loans and the settlement of the Iraqi grantees to Madagascar has resulted from the meeting for agreement between the parties on a formula to pay those debts in accordance with the terms of (the Paris Club).
Dabbagh said that he had Contained in the record write-off (80%) of the total debt of (234 507 234) U.S. dollars, and pay the remainder, representing the proportion (20%) of the amount of (46,901,446) U.S. dollars semi-annual installments for a period of (7) years as it begins the first installment in the 15 / 11 / 2010 The record is in one of the paragraphs of the agreement to be subject to ratification by the supreme authorities of the Republic of Iraq, during a period not exceeding (60) days to become effective.
Finished
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