The decision made by the UAE to write-off Iraq's debts did not encourage Kuwaiti MPs to follow suit

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The decision made by the UAE to write-off Iraq's debts did not encourage Kuwaiti MPs to follow suit

Post by mustang sally on Tue Jul 08, 2008 5:31 am

Text of report by Kuwaiti newspaper Al-Watan website on 7 July
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The decision made by the UAE to write-off Iraq's debts did not encourage Kuwaiti MPs to follow suit. They said that "this is unacceptable to the people and the government has no right to write- off those debts without approval from parliament. As for the UAE's decision it's an internal matter that concerns them."
Deputy Rawdan al-Rawdan said that writing-off the Iraqi Government's debts by Kuwait is rejected by the populace, and if there are any political decisions in this regard then it is better to cancel the debts of the Kuwaiti people.
Al-Rawdan commented to Al-Watan saying that the situation in the Emirates is different from that of Kuwait because we are the country that was harmed and came under aggression, so naturally the political situation is different. Al-Rawdan added that Iraq is a rich country, and if there is a political problem in distributing the wealth and mismanagement then this is not Kuwait's problem. He adds: "Iraq does not need to have it debts written-off. It is not a poor country but is considered one of the richest in the world."
Deputy Salih Ashur said that Iraq is a rich country with large amounts of oil production and its revenue from oil and other sources is several times larger than Kuwait. The Iraqi parliament set a budget for itself that exceeds Kuwait's last budget. In a comment Ashur made to Al-Watan he said that "Iraq is living in a state of administrative, financial, and economic corruption which is something I personally followed up on during the Iraqi parliament's discussions. This indicates that Iraq's economy is strong but that administrative corruption is stronger." Hence, he added: "Kuwait cannot write-off Iraq's debts because that will open the door for other countries like Egypt, Jordan, and Syria to call for writing- off their debts. This is locally unacceptable in Kuwait." Ashur goes on to say: "The Kuwaiti people are more deserving of having their debts written-off than the Iraqi Government, in addition to Iraq not needing such a decision because its economy is strong and rich."
Deputy Abdallah Ra'i al-Fahma said that "the UAE's decision to write-off Iraq's debts is a personal issue that we have nothing to do with," affirming that "if there is a government plan to write- off Iraq's debts then we will not accept it, and we warn the government against taking this path." Al-Fahma said to Al-Watan that the government had once before assured the National Assembly that there will be no writing-off of Iraqi debts without a law presented to the National Assembly, indicating that the legislative authority is in agreement on not cancelling these debts because the Kuwaiti people deserve them. If the government is planning to write-off Iraq's debts then it is more appropriate to write-off the debts of the people, adding that the National Assembly will make a stand if it comes to this.
Al-Fahma pointed out that Kuwait was among the first countries to support Iraq ever since the old days and even as of late. It stood by Iraq and its government in full support. However, if there is any move to write-off Iraq's debts, then we will not accept it, and we warn the government once again in hopes that it does not commit what is forbidden by bypassing the National Assembly and abolishing those debts.
Al-Fahma aded: "Unfortunately information is circulating in this regard nowadays, and we fear that the debts will be written-off in the absence of the National Assembly. But I assure you that we as MPs will not stand for this." He maintained: "Unfortunately, we find that the government stands against the citizens. It reacts negatively to their needs, whether about giving 50 dinars [as a grant], buying off their debts, or writing-off their debts while it gives away millions to other countries through grants and aid."
Al-Fahma said: "After the government found itself in a weak position lately, it came up with the idea of a fund that supports low income individuals. This can be considered, at best, a reward from the government to the banks." He asserts that "there are procedures that the MPs will follow up with, and they will propose new projects in this regard during the coming session."
On his part, deputy Abdallah al-Ajmi refuses any government move to bypass the National Assembly and write-off Iraqi debts, indicating that these debts are the right of the Kuwaiti people and that this decision belongs solely to the National Assembly, not the government.
In his comments to Al-Watan Al-Ajmi says that the National Assembly was, and still is, insistent on refusing any attempt to write-off Iraq's debts, while emphasizing the importance of reclaiming these funds and not thinking at all of writing-off these debts. With regards to the UAE cancelling Iraq's debts he says that this has nothing to do with Kuwait, adding that this is an affair of the UAE exclusively. In addition the political conditions and situations in Kuwait are unique. He maintained: "Add to that the fact that the National Assembly is the only party that can make this decision, not the executive authority." He further maintained that "if there is a move to lower or cancel Iraq's debts then we at the National Assembly will not stand for this, we will make sure that the government adheres to the demands and will of the people, who are represented by the National Assembly."
Originally published by Al-Watan website, Kuwait, in Arabic 7 Jul 08.

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Re: The decision made by the UAE to write-off Iraq's debts did not encourage Kuwaiti MPs to follow suit

Post by Adster on Tue Jul 08, 2008 5:37 am

Said it for years, they will NEVER write off their debt. Saudi though should.

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Re: The decision made by the UAE to write-off Iraq's debts did not encourage Kuwaiti MPs to follow suit

Post by Dinar Cha Ching on Tue Jul 08, 2008 5:58 am

Adster wrote:Said it for years, they will NEVER write off their debt. Saudi though should.

I can't really blame Kuwait for not forgiving the debt but you are right about SA. Considering that most western countries have forgiven Iraq's debt SA has no reasonable excuse not to. With the profits they're making now they should be tripping over themselves to get this done. I don't think it's holding things up but fair is fair. Some countries with a small fraction of SA's GDP have forgiven 100% of Iraq's debt.

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Re: The decision made by the UAE to write-off Iraq's debts did not encourage Kuwaiti MPs to follow suit

Post by Howler on Tue Jul 08, 2008 8:16 am

this guy is right!
Iraq needs to pony up and pay for what they did. Saddam is gone, but it wasnt all that long ago. Kuwait wants something, I don't know what, but they are holding out for it. I dont think its just money.

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Re: The decision made by the UAE to write-off Iraq's debts did not encourage Kuwaiti MPs to follow suit

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