NO. 22


Financial and Banking News

Gulf Crisis

US and Kuwait Press for Reparations from Iraq

The issue of post-war reparations from Iraq centers on two basic questions -will the potential beneficiaries press claims for restitution and, if they do,will Iraq be willing or able to meet those claims ?

The first issue is being complicated by misinterpretation of the UN positionon reparations. The only UN resolution which refers to restitution for damagesis 674 and it neither uses...