AlHijjah 19, 1434, Oct 24, 2013, SPA -- The United Nations Compensation Commission said on Thursday that it made available USD 1.24 billion to the Government of the State of Kuwait towards the Commission's remaining claim with an outstanding award balance. The United Nations Compensation Commission was established in 1991 in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay compensation for losses and damages incurred by individuals, corporations, Governments and international organizations as a direct result of Iraq's invasion and occupation of Kuwait (2 August 1990 to 2 March 1991), KUNA reported. The Commission received approximately 2.7 million claims and concluded its review of all claims in 2005. Approximately 52.4 billion was awarded to over 100 Governments and international organizations for distribution to 1.5 million claims in all claim categories. With today's payment, the Commission has paid out USD 43.5 billion, leaving approximately USD 8.9 billion remaining to be paid to the only outstanding claim.
