YouSaid · the spoken record

Turky Saed

lines on the record
22
first
2010-04-06
most recent
2010-11-10
sittings or episodes
2
sources
un-security-council

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  1. “The IAMB was briefed in the same meeting on the report by PricewaterhouseCoopers on the interim review report on DF I cash flows and payment for the first six months of 2010. I apologize for the length of my statement, but I have tried to present to the Council all the efforts made by the Government of Iraq to find an acceptable successor arrangement to deal with Iraq's public funds and to serve the interests of the people of Iraq, as provided for in resolution 1483 (2003) and other relevant resolutions.”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  2. “The final financial statements of the State for 2008 were completed and referred to the Council of Ministers, which in turn was to refer them to the Council of Representatives. The Board of Supreme Audit continues to audit the financial statement for 2009 while it waits to receive the data in its final form before issuing it. 10-63109 Through ongoing meetings and contacts between the Committee, heads of the audit teams of the Board of Supreme Audit in the concerned ministries, and representatives of those State entities, numerous audit observations were made in external auditors' reports for 2007 and 2008. The observations stated in KPMG's draft report for 2009 were discussed in detail with KPMG's representatives at the latest IAMB meeting in Amman on 14 and 15 October.”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  3. “The Committee and the Ministry of Oil are following up the implementation of the plan on a monthly basis, and hope that it will be finalized by the end of 2011, with the exception of the work of the newly established Maisan Oil Company, which will complete installation by late 2012, at which time a briefing on developments and achievements will be given by the IAMB. Regarding Iraqi funds abroad, the Ministry of Finance has tried to establish a data base of these funds, as it stated in its letter to the Committee of Financial Experts dated 18 October, which included itemizations to a total of €83 million, $118 million, £280,000, Â¥664,000, 180 million Swiss francs and 238 million Jordanian dinars, in addition to the requests for their transfer to the DFI pursuant to the relevant resolutions of the Security Council.”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  4. “The committee charged with the selection of the president and members of the management board of the Federal Service Board continues to interview and select from among those who meet the requirements to occupy the aforementioned jobs. There are 29 qualified candidates so far. As my colleague noted earlier, PricewaterhouseCoopers presented its assessment of the oil-metering system and briefed the International Advisory and Monitoring Board (IAMB) in its meeting in Amman on 14 and 15 October. According to the data presented, good progress was made in general in the installation and calibration of meters in export ports, while a negative deviation appeared in the internal distribution network.”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  5. “With respect to strengthening financial and administrative control over the DFI, the Government of Iraq has taken the following steps. Currently, the ministries are working in accordance with valid laws and structural charts. Some have been updated to meet the changes in the nature of their work and are in various stages of referral - either to the Cabinet, the Consultative Council or Parliament - and expected to be approved when Parliament convenes after the formation of the Government. The Ministry of Finance has prepared valid job descriptions adopted by all ministries. Some have updated their job descriptions to meet the changes in the nature of their activities, pursuant to the Committee's recommendation based on the external auditor's observations, and will be approved upon the formation of a Government.”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  6. “The agreement has been ratified by the Iraqi Council of Ministers and referred to Parliament for ratification as well. The Central Bank of Iraq and the United Nations Controller's Office have settled the outstanding letters of credit under the oil-for-food programme for which documents were provided, and BNP Paribas Bank will be directed to pay the related amounts. In this regard, the Committee of Financial Experts agrees with the reference in the Secretary-General's second quarterly report to the effect that, "[a]bsent the receipt by the Secretariat of the requisite confirmations of arrival of the remaining letters of credit, the Security Council may wish to consider cancelling those remaining letters of credit that have outstanding claims of delivery" (5/2010/359, para. 1 8) to enable the closure of the programme by the end of 2010.”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  7. “We therefore hope that the Security Council will, in its next resolution, consider setting a deadline for acceptance by the Government of Iraq of the claims of commercial creditors by the end of June 2011. Such a document would closely comply with the provisions of resolution 1905 (2009) and thereby ensure that the Government of Iraq acts in accordance with the regular mechanism for administering Iraqi funds, especially given the fact that this methodology was adopted by the Security Council in accepting compensation claims after the Gulf war in 1990. With respect to claims inherited from the previous regime, the Governments of Iraq and the United States of America signed an agreement to establish a compensation fund for the claims of United States citizens.”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  8. “The Government of Iraq has pursued its contacts with creditor countries outside the Paris Club - in particular Pakistan, Poland, Turkey and Brazil - and called on brotherly and friendly countries to assist it in expediting the settlement of these debts, including those of the Gulf Cooperation Council countries, in the light of the provisions of the Paris Club agreement. The offer of the Government of Iraq to repurchase commercial debt at 10.25 per cent of its total value remains valid. Ernst & Young, the accountancy and auditing firm retained by the Ministry of Finance, continues to follow up this file. What is obstructing the final resolution of the debt problem are the unknown and unregistered claims.”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  9. “Despite the efforts and contacts made with foreign banks and international financial institutions in this regard, the Government of Iraq could not secure the necessary guarantees to protect Iraq's assets at the level of protection provided by the resolution under Chapter VII of the United Nations Charter. In view of the difficult circumstances facing Iraq and the ongoing delay in forming the Government, the Committee of Financial Experts hopes that the Security Council will take into account the efforts of the Government of Iraq to implement the successor arrangements plan when it considers the Government's request to extend the immunities of the DFI for one year in order to enable it to address all outstanding issues.”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  10. “First, with respect to the requirements for successor arrangements for the Development Fund for Iraq (DFI), the Central Bank of Iraq has pursued its contacts with the Federal Reserve Board in connection with the special accounts for the deposit of Bank funds and oil revenues pursuant to the letters exchanged between them, with an emphasis on opening a separate compensation sub-account to which 5 per cent - or any percentage to be agreed upon later - of revenues from oil, oil products or natural gas will be 3 automatically transferred pursuant to resolution 1483 (2003).”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  11. “Mr. Turky Saed (Iraq) (spoke in Arabic): Allow me to thank you, Sir, for the opportunity to address the Security Council. On the basis of its agreement with the members of the Security Council, the Government or Iraq has submitted its third and final quarterly report (see S/2010/567, annex, enclosure) pursuant to paragraph 3 of resolution 1905 (2009), setting out the following activities in implementation of the provisions of that resolution.”

    2010-11-10 · UN Security Council · Security Council, S/PV.6418 (2010) · source

  12. “In the report to be presented by 1 July 2010, pursuant to the provisions of resolution 1905 (2009), the Committee of Financial Experts will seek to provide the Security Council with information on the system's success rate.”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source

  13. “Let me note also that with regard to the measurement and metering system for the production, distribution and export of crude oil, the Board's discussions have underscored that all oil exports have been registered in the Oil Proceeds Receipts Account since the end of the barter system of oil for electricity in 2007 and for the export of oil products in the second half of 2009. Furthermore, in setting up the system of auditors, we hope to adapt our criteria to our work on the ground. We hope to have this done by 2011. We have established all-ministry specialized committees to address the tasks necessary to providing a detailed audit. The committees are pursuing these efforts.”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source

  14. “Given that the amounts owed by Iraq are exorbitant, representing more than half its annual budget, and given that 2010 has been a year that has seen legislative elections on the basis of which consultations 3 on the formation of a Government are likely to drag on for months, we consider that ensuring continued immunity, though an international resolution, could be a step forward by the Security Council towards resolving this problem. In order to objectively evaluate progress in State oversight, the Iraqi Government has established a set of quantifiable goals. Attaining these could result in significant development of the administrative and financial audit system. Details may be found in the Government's report.”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source

  15. “Because Iraq's economic infrastructure has been completely destroyed, it would be fair to at least consider applying the Paris Club settlement principle adopted by the international community to remaining compensation. The Iraqi people have suffered enormously, but they have nonetheless been involved in taking decisions about their future. The Committee trusts that international resolutions will be fair and will not obstruct a review of past resolutions on these matters. Without the support of the international community, it would not have been possible to make the reimbursements that we have made. To resolve the problem fully, that support should continue in the future. The Committee of Financial Experts, in particular following the adoption of resolution 1905 (2009), has monitored these Iraqi Government efforts.”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source

  16. “We hope that the international community will continue its assistance until the Iraqi Government has completed its efforts in that regard. Concerning follow-up to the international auditing companies' reports by the Committee of Financial Experts, and the contacts with the compensation office in Geneva - given the Iraqi Government's constant commitment to international resolutions and given that the Committee has noted a genuine interest in resolving these cases - the Committee believes that it is high time for the Security Council, given its legal and moral authority and the active role played by its members, to help press the relevant parties to reconsider the remaining compensation imposed on Iraq.”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source

  17. “There were 55 creditor States outside the Paris Club, and we have succeeded in reaching settlements with them under conditions similar to those agreed on with the Paris Club, apart 10-30443 from 13 States, including those of the Gulf Cooperation Council. Efforts are under way to reach similar settlements with them. Concerning commercial creditors, settlements have been concluded with 576 creditors, in the amount of $20.9 billion. This process continues with other creditors. Iraq expresses its appreciation to the remaining creditors whose debts, totalling $629 million, have yet to be settled. The Iraqi Government has reaffirmed its commitment to settle all debts and claims from the previous regime and to continue to address the issue until it is completely resolved.”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source

  18. “The Iraqi Government's report includes an annex setting out the timeline for the successor mechanism in the run-up to its formation and the start of its work. Iraq is undoubtedly concerned that, should the Fund be closed on 31 January 2011, immunity for Iraqi funds deposited abroad might be lifted. The Government report analyses the action plan for the settlement of debts and claims of the previous regime in 2010. The total outstanding debt was $129 billion, of which we have settled $89.222 billion; $39 billion remains, including $26 billion to the Cooperation Council for the Arab States of the Gulf. The Paris Club agreement was the most important debt settlement agreement, through which we have settled more than $51 billion in debt.”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source

  19. “The Committee of Financial Experts will take over from the International Advisory and Monitoring Board with respect to supervising the flow of cash to the special account, in accordance with the rules of procedure already approved by the Iraqi Council of Ministers. These rules cover, inter alia, the Committee's power to appoint an international auditing institution to audit the account and carry out follow-up work; to approve the results of the audits and the final spreadsheets for the account, for each financial period; to follow up on comments in the oversight reports; and to publish all relevant data, the Committee's meeting records and follow-up reports on its website for access by all Governments.”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source

  20. “The main elements of this action plan involve maintaining the same mechanisms currently adopted for the Development Fund for Iraq by using bank accounts opened at the Federal Reserve Bank in New York to ensure central deposit of the proceeds from the sale of oil, petroleum products and natural gas, as an alternative to the Oil Proceeds Receipts Account, while continuing the automatic deposit of compensation, as provided for in paragraph 21 of the resolution just mentioned and in subsequent other relevant resolutions. The Ministry of Finance has exclusive authority over the account for the deposit of oil and gas proceeds once the compensation percentage has been deducted.”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source

  21. “The Iraqi Government has set up an action plan and timeline for the transition from the Development Fund for Iraq to alternative arrangements, with a view to ensuring the transition, by 31 December 2010, to a successor mechanism that includes external audit 10-30443 arrangements and that enables Iraq to honour its commitments as stipulated in paragraph 21 of resolution 1483 (2003).”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source

  22. “Mr. Turky Saed (Iraq) (spoke in Arabic): The Government of Iraq has submitted to the Security Council its report pursuant to paragraph 5 of resolution 1905 (2009) (see 8/2010/153). The Secretariat has distributed copies of the report to Council members. The resolution stipulates that the report should address three elements: establishment of an action plan and timeline for transition from the Development Fund for Iraq to an alternative system; settlement of debts and claims inherited from the previous regime; and an assessment of the progress made in strengthening financial and administrative oversight of the Fund.”

    2010-04-06 · UN Security Council · Security Council, S/PV.6293 (2010) · source