Identifier
Created
Classification
Origin
07SEOUL1385
2007-05-09 08:40:00
CONFIDENTIAL
Embassy Seoul
Cable title:
ROKG "VERY SATISFIED" WITH INTERNATIONAL COMPACT
how-toVZCZCXYZ0000 PP RUEHWEB DE RUEHUL #1385 1290840 ZNY CCCCC ZZH P 090840Z MAY 07 FM AMEMBASSY SEOUL TO RUEHC/SECSTATE WASHDC PRIORITY 4419 INFO RUEHGB/AMEMBASSY BAGHDAD PRIORITY 0085 RUEHEG/AMEMBASSY CAIRO PRIORITY 0063 RUEAIIA/CIA WASHINGTON DC PRIORITY RHHMUNA/CDR USPACOM HONOLULU HI PRIORITY RHMFISS/COMUSKOREA J2 SEOUL KOR PRIORITY RHMFISS/COMUSKOREA J3 SEOUL KOR PRIORITY RHMFISS/COMUSKOREA J5 SEOUL KOR PRIORITY RHMFISS/COMUSKOREA SCJS SEOUL KOR PRIORITY RUEKJCS/SECDEF WASHINGTON DC//OSD/ISA/EAP// PRIORITY RHEHNSC/NSC WASHINGTON DC PRIORITY
C O N F I D E N T I A L SEOUL 001385
SIPDIS
SIPDIS
E.O. 12958: DECL: 05/09/2017
TAGS: PREL EAID EFIN KS IZ
SUBJECT: ROKG "VERY SATISFIED" WITH INTERNATIONAL COMPACT
FOR IRAQ RESULTS
Classified By: A/DCM Joseph Y. Yun. Reasons 1.4 (b,d).
C O N F I D E N T I A L SEOUL 001385
SIPDIS
SIPDIS
E.O. 12958: DECL: 05/09/2017
TAGS: PREL EAID EFIN KS IZ
SUBJECT: ROKG "VERY SATISFIED" WITH INTERNATIONAL COMPACT
FOR IRAQ RESULTS
Classified By: A/DCM Joseph Y. Yun. Reasons 1.4 (b,d).
1. (C) On May 9, Do Bong-kae, Deputy Director of Development
Cooperation Division, Ministry of Foreign Affairs and Trade
(MOFAT) told poloff that ROK Foreign Minister Song Min-soon
was "very satisfied" with the results of the International
Compact with Iraq (ICI) conference in Egypt. Do said that
half of the additional USD 200 million in assistance pledged
by FM Song at the ICI conference is slated for grants and
half would be provided as soft loans. Do noted that the
total sum had been approved by the ROKG, but that interagency
meetings to determine assistance details were just getting
underway.
2. (C) The USD 200 million will be disbursed over the period
2008 to 2011, but the breakdown has not yet been determined,
with each year's assistance subject to National Assembly
approval through the annual budget process, Do said. Like
the ROK assistance pledged at the Madrid Conference in 2003,
the USD 200 million will be funneled through Korea
International Cooperation Agency (KOICA) programs to be
coordinated with the Iraqi government. Do said the ROKG does
not anticipate providing any additional debt relief for Iraq,
as the majority of remaining debt was provided by private ROK
creditors.
VERSHBOW
SIPDIS
SIPDIS
E.O. 12958: DECL: 05/09/2017
TAGS: PREL EAID EFIN KS IZ
SUBJECT: ROKG "VERY SATISFIED" WITH INTERNATIONAL COMPACT
FOR IRAQ RESULTS
Classified By: A/DCM Joseph Y. Yun. Reasons 1.4 (b,d).
1. (C) On May 9, Do Bong-kae, Deputy Director of Development
Cooperation Division, Ministry of Foreign Affairs and Trade
(MOFAT) told poloff that ROK Foreign Minister Song Min-soon
was "very satisfied" with the results of the International
Compact with Iraq (ICI) conference in Egypt. Do said that
half of the additional USD 200 million in assistance pledged
by FM Song at the ICI conference is slated for grants and
half would be provided as soft loans. Do noted that the
total sum had been approved by the ROKG, but that interagency
meetings to determine assistance details were just getting
underway.
2. (C) The USD 200 million will be disbursed over the period
2008 to 2011, but the breakdown has not yet been determined,
with each year's assistance subject to National Assembly
approval through the annual budget process, Do said. Like
the ROK assistance pledged at the Madrid Conference in 2003,
the USD 200 million will be funneled through Korea
International Cooperation Agency (KOICA) programs to be
coordinated with the Iraqi government. Do said the ROKG does
not anticipate providing any additional debt relief for Iraq,
as the majority of remaining debt was provided by private ROK
creditors.
VERSHBOW