VOL. XLVII

No 16

19-April-2004

BUDGETS AND REVENUES

UNCC Pays Out $186Mn

The United Nations Compensation Commission (UNCC) on 8 April paid out $185.86mn for losses and damages incurred during Iraqs 1990-91 invasion and occupation of Kuwait. So far the UNCC has paid compensation amounting to $18.39bn to individuals, companies and governments. But total compensation awarded amounts to $48.2bn. This latest payment was approved on 11 March (MEES, 22 March) and includes $118.7mn to Kuwaiti...