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[casi] EU Approves Independent Iraq Reconstruction Fund



http://www.scoop.co.nz/mason/stories/WO0307/S00368.htm

EU Approves Independent Iraq Reconstruction Fund

Thursday, 31 July 2003, 12:49 pm
Press Release: German Government

EU foreign ministers approve independent reconstruction fund for Iraq
EU foreign ministers yesterday approved a plan to create a trust fund to
assist in the reconstruction of Iraq. At the Council meeting on external
relations held in Brussels on July 21 the foreign ministers of EU member and
acceding countries approved the plan as proposed by External Relations
Commissioner Chris Patten.

The trust fund is not to be controlled by the US and British interim
administration in Iraq but rather jointly by the United Nations, the World
Bank, and other international organizations. German Foreign Minister Joschka
Fischer welcomed the decision, saying he considers the creation of a
reconstruction fund to be a very sensible move. The ministers have not yet
spoken about the size of the contributions to be made to the fund.

EU foreign ministers also met in separate talks with Israeli Foreign
Minister Silvan Shalom and his Palestinian counterpart Nabil Shaath to
discuss the status of the Middle East peace process.








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