U.N. Gulf War fund to meet this week on Iraq payment delay

December 15, 2014 3:50 PM

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U.N. Gulf War fund to meet this week on Iraq payment delay

GENEVA (Reuters) - The United Nations Gulf War reparations fund will hold a special meeting on Thursday to address Iraq's plea to postpone a final $4.6 billion instalment payment for its 1990-91 occupation of Kuwait, a U.N. official said.

Reuters reported exclusively on Friday that Iraq, faces a cash crisis caused by falling oil prices and war with Islamic State, is seeking to defer the final tranche of reparations to Kuwait for wartime damage to its oil facilities.

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