408 million dollars to be paid for Egyptian debt

BAGHDAD / IraqiNews.com: Minister of State and Government Spokesman said today that the Iraqi Cabinet approved paying the Egyptian private sector debts, at a total figure of 408 million dollars.  Spokesman Ali al-Dabbagh added in a statement, as received by IraqiNews.com, that this payment comes out of the keenness of the Iraqi government to pay for the Egyptian manpower that worked in Iraq and stopped due to the UN sanctions.  “This payment is a proof of Iraqi solid economic relations with the world countries,” he said.  Special financial arrangements shall be made by the Iraqi Finance Ministry.  As for the debt of Egyptian public sector or companies, special mechanism will be organized according to Paris Club regulations. RM (TS)/SR   684