YouSaid · the spoken record

Basit

lines on the record
11
first
2010-07-12
most recent
2010-07-12
sittings or episodes
1
sources
un-security-council

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  1. “10-44502 At the same time, such an extension would assist the Committee of Financial Experts in completing its assigned tasks relating to successor arrangements for the DFI and the IAMB, and in ensuring that future mechanisms maintain this level of transparency and accountability in the sources and use of Iraqi public funds for the benefit of the Iraqi people. The extension would also coincide with the meetings to decide the successor arrangements for the DFI and the IAMB.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source

  2. “Despite the determination of the Iraqi Government authorities and relevant parties to implement resolution 1905 (2009), the Committee of Financial Experts found that the Council's support through the adoption of a resolution to extend the immunities for a further period of one year or less in order to accompany the establishment of the new successor mechanism to the DFI would help the Government of Iraq to implement that mechanism. Without that support, the Government may be unable to fulfil its internal or external obligations should a case arise by which Iraqi commercial or sovereign funds become attached through a court order resulting from a claim filed against the conduct of the previous regime.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source

  3. “As noted in resolution 1483 (2003) and subsequent resolutions, the purpose of establishing the DFI and immunities for Iraqi funds was to ensure the use of the oil export sales funds for the benefit of the Iraqi people. Such immunities granted by the Council have played an important role in ensuring the use of those funds in the 10-44502 interest of the Iraqi people, as confirmed in paragraph 18 of the minutes of the IAMB's most recent meeting in 2010.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source

  4. “Thirdly, relating to frozen Iraqi assets abroad, in addition to the endeavours of the Ministry of Finance to establish records and a database on those assets, the ministerial committee charged with this task managed to obtain a verdict to recover $300 million in assets from Switzerland and €25 million in France, in addition to other fixed assets. The follow-up continues to recover assets through legal means, including resort to the Security Council Committee established pursuant to resolution 1518 (2003). The follow-up of the Committee of Financial Experts on the contacts made by the Government of Iraq with international agencies and advisors has shown that the protection provided so far by external parties has not achieved the level of the immunities provided by a Security Council resolution.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source

  5. “Secondly, the Committee of Financial Experts is following up implementation of the oil metering and calibration system by the Ministry of Oil on a quarterly basis, as shown in attachment 2 of the second quarterly report of the Government of Iraq (see S/2010/365, annex), where a positive diversion appears in the export area and a negative diversion appears in the internal distribution area. This internal distribution network is not relevant to resolution 1483 (2003). The Committee of Financial Experts requested the DFI 2010 auditors, PricewaterhouseCoopers, to conduct a special field audit to assess implementation of the metering system and to present a report to the International Advisory and Monitoring Board (IAMB) and the Committee during the next IAMB meeting to be held in October.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source

  6. “First, based on a recommendation from the Committee, the Government of Iraq has signed a contract with PricewaterhouseCoopers for the 2010 DFI audit. The Committee of Financial Experts will continue to use the same methodology to audit the cash flows of successor accounts of the DFI in subsequent fiscal years. In this regard, we would stipulate that the number of ministries and entities unrelated to the ministries is 41, each of which has prepared a structural chart to submit to the legislative authorities for their consideration and adoption.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source

  7. “With respect to commercial creditors, three British companies have responded to Iraq's call to purchase their debt. The Government of Iraq has demonstrated its serious intention to finalize those issues related to commercial creditors that have not yet registered claims, as well as the compensation issues it anticipates will be filed after immunities are removed from Iraqi funds. These will be finalized through legal contracts yet to be drafted, which will be drawn up as complete packages to settle these claims after scrutiny by Iraqi legal authorities and which the Government of Iraq intends to sign. Regarding financial and administrative control over the current DFI, the Committee of Financial Experts found that the Government of Iraq took the following steps.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source

  8. “Since the Ministry of Finance sent the report of the Government of Iraq to the Council, it has received a positive response from the Government of Pakistan expressing its desire to discuss the restructuring of Iraq's debt. Negotiations held with Brazil in June are continuing and are expected to take some time due to several reasons, including the presidential elections scheduled for October. Initial negotiations were also held with Poland in June. Since the bulk of the remaining debt is owed to the Gulf Cooperation Council States, the Committee of Financial Experts believes that the assistance of the brotherly and friendly States may have a positive impact on implementation of the resolutions of the Arab summits issued in this regard.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source

  9. “The Committee of Financial Experts followed up the reasons presented by the State entities relating to these controversial letters of credit, as their defences were focused on the lack of documentation related to the receipt of goods subject to the letters, in accordance with paragraph 25 of the memorandum of understanding signed with the United Nations in 1996 pursuant to resolution 986 (1995). The Board of Supreme Audit is still auditing the ministries in case any official documents related to the remaining letters of credit are available. Secondly, with regard to debts inherited from the previous regime, the Minister of Finance of the Government of Iraq sent confirmation letters to his counterparts in the States outside the Paris Club that had not yet responded to calls for debt settlement.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source

  10. “To fulfil the requirements of resolution 1905 (2009), the Government of Iraq has taken a number of actions concerning which we would like to state the following. First, the ministerial committee charged with implementing resolution 1905 (2009) studied and reviewed the remaining letters of credit from the 3 United Nations oil-for-food programme as of 31 December 2009 and decided to pay 26. The relevant documents will be sent to the United Nations to make the payments.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source

  11. “Mr. Basit (Iraq) (spoke in Arabic): It is my pleasure to make a few remarks on the report of the Government of Iraq that is before the Security Council(see S/2010/365, annex). Pursuant with paragraph 5 of resolution 1905 (2009), the Government of Iraq submitted its second quarterly report to the Security Council. The report adopts the same methodology of the first quarterly report (see S/2010/308, annex). The Government of Iraq has affirmed in its previous and current reports its intention to adopt the same mechanism currently in use for the Development Fund for Iraq (DFI) in maintaining an account in which to deposit all receipts of export sales of Iraqi oil, and a sub-account in which the percentage for compensation will be transferred automatically.”

    2010-07-12 · UN Security Council · Security Council, S/PV.6356 (2010) · source