By John Lee.
Finance Minister Hoshiyar Zebari (pictured) has said that Kuwait has postponed the final instalment of reparations for Iraq's 1990-91 occupation until 2017.
The move, requested by Iraq, will help alleviate the cash crisis in Baghdad caused by lower oil prices and war with the Islamic State group (IS, ISIS, ISIL).
According to Reuters, this last tranche is also largest, worth $4.6 billion.
Nearly all the $52.4 billion in reparations has already been paid through Iraq's annual allocation of 5 percent of crude oil exports to the U.N. Compensation Commission (UNCC).
(Source: Reuters)
#IraqEconomy: Kuwait Defers Final War Reparation Payment https://t.co/wWFnbOmPHj
Kuwait Defers Final War Reparation Payment: By John Lee. Finance Minister Hoshiyar Zebari (pictured) has said ... https://t.co/5ZK7tOXp1b
Kuwait Defers Final War Reparation Payment: By John Lee. Finance Minister Hoshiyar Zebari (pictured) has said ... https://t.co/9omK88ynVZ
RT @iraqsolidarity: #IraqEconomy: Kuwait Defers Final War Reparation Payment https://t.co/wWFnbOmPHj
DTN Iraq: Kuwait Defers Final War Reparation Payment: By John Lee. Finance Minister Hoshiyar Zebari (pictured)... https://t.co/8ELJVqDsVM
Kuwait Defers Final War Reparation Payment: By John Lee. Finance Minister Hoshiyar Zebari (pictured) has... https://t.co/wppMscdFm9 #Iraq
Good neighbours are hard to find so enjoy this one!: Kuwait Defers Final War Reparation Payment https://t.co/IY1ZHUynh5