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United Nations reparations panel for invasion of Kuwait pays out $430 million

Source: United Nations
Posted on: 29th August 2009

A total of $430 million was disbursed today to 10 successful claimants by the United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses because of Iraq’s 1990 invasion of Kuwait.

This latest round of payments brings the overall amount of compensation made available to date by the Commission to nearly $28 billion.

The vast majority of funds for compensation payments have come from the sale of Iraqi petroleum under the so-called Oil-for-Food programme, which came to an end in 2003, and later within the scope of arrangements made under Security Council resolutions.

Established in 1991 as a subsidiary organ of the Council, the Commission has received nearly 3 million claims, including from close to 100 governments for themselves, their nationals or their corporations.

The Geneva-based UNCC’s Governing Council has identified six categories of claims: four are for individuals’ claims, one for corporations and one for governments and international organizations, which also includes claims for environmental damage.

The issue of reparations was the focus of talks held last week in New York between Secretary-General Ban Ki-moon and Iraqi Prime Minister Nouri al-Maliki, with the two agreeing to continue working together to resolve the matter.

Topics: 1990, Governance, invasion of Kuwait, Iraqi petroleum, Kuwait, oil, oil for food, soceity, UN, UNCC, United Nations, United Nations Compensation Commission