UNITED NATIONS COMPENSATION COMMISSION PAYS OUT $662,407,566.37

8 June 2000

Press Release
IK/293

UNITED NATIONS COMPENSATION COMMISSION PAYS OUT $662,407,566.37

20000608

GENEVA, 8 June (UN Information Service) -- The United Nations Compensation Commission (UNCC) has today made available, in a fifth round of payments in the second phase, a total of $662,407,566.37 to 55 Governments and seven offices of three international organizations for distribution to 33,790 successful claimants. This amount includes $653,237,718.43 for 33,400 claims in category "C" (claims of individuals for damages up to $100,000) and $9,169,847.94 for 390 claims in category "E" (claims of corporations, other private legal entities and public sector enterprises).

The attached table lists the Governments and international organizations receiving funds, and the amounts of money to be made available to them.

The first phase of payments involved an initial payment of $2,500 to each successful individual claimant in categories "A" (claims of individuals for departure from Kuwait or Iraq) and "C" (claims of individuals for damages up to $100,000), as well as payment of the full amount to all successful claimants in category "B" (claims for death or serious personal injury). A total amount of $3,252,337,997.09 has been made available to 1,498,119 successful individual claimants in categories "A", "B" and "C" under the first phase of payments.

In respect of the second phase of payments, the UNCC Governing Council in decision 73 determined that priority of payment will continue to be provided to individual claimants in categories "A" and "C", while also providing meaningful compensation to claimants in categories "D" (claims of individuals for damages above $100,000), "E" (claims of corporations, other private legal entities and public sector enterprises) and "F" (claims of governments and international organizations). The Governing Council decided that transfers shall be made to approved claims in all categories when there are funds in the Compensation Fund sufficient to make a payment of $25,000 (or the unpaid principal amount of the award if less) in respect of each approved claim. Once that amount has been paid on all awards of claims in categories "A" and "C" and all approved claims in categories "D", "E", and "F", the amount for further payments on all claims shall increase to $75,000 (or the unpaid principal amount of the award if less). The second phase of payment commenced on 23 September 1999. With the present payment, a total of $3,555,208,434.03 has been made available to 829,290 claimants in categories "A", "C", "D", "E" and "F" under the second phase of payments.

Funds to pay the awards of compensation are drawn from the United Nations Compensation Fund which receives 30 per cent of the revenue generated from the export of Iraqi petroleum and petroleum products. At present, funds are made available to the Compensation Fund from the proceeds of the "oil-for- food" mechanism established by Security Council resolution 986 (1995) and subsequent resolutions.

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The present payment brings the overall amount of compensation made available to date by the United Nations Compensation Commission to $6,807,546,431.12.

Further information about the Commission can be found on the UNCC website located at .

------------------------------------------------------------------ UNITED NATIONS COMPENSATION COMMISSION

Consolidated report on payments of categories "C" and "E" claims

Second phase of payments - 8 June 2000 ------------------------------------------------------------------------------ |No.| Country |Category "C", seventh |Category "E" | Total (US$) | | | | instalment (US$) | (US$) | | ------------------------------------------------------------------------------ |1 |AFGHANISTAN | $4,769,766.63| | $4,769,766.63| ------------------------------------------------------------------------------ |2 |ALGERIA | $331,756.71| | $331,756.71| ------------------------------------------------------------------------------ |3 |ARGENTINA | $25,000.00| | $25,000.00| ------------------------------------------------------------------------------ |4 |AUSTRALIA | $1,115,162.02| $76,412.50| $1,191,574.52| ------------------------------------------------------------------------------ |5 |AUSTRIA | $272,314.77| $20,019.00| $292,333.77| ------------------------------------------------------------------------------ |6 |BAHRAIN | $48,620.72| $25,000.00| $73,620.72| ------------------------------------------------------------------------------ |7 |BELGIUM | $113,756.55| | $113,756.55| ------------------------------------------------------------------------------ |8 |BOSNIA-HERZEGOVINA| | $25,000.00| $25,000.00| ------------------------------------------------------------------------------ |9 |BULGARIA | $105,605.86| $4,566.00| $110,171.86| ------------------------------------------------------------------------------ |10 |CANADA | $5,703,813.68| $50,000.00| $5,753,813.68| ------------------------------------------------------------------------------ |11 |CHINA | $42,749.57| $50,000.00| $92,749.57| ------------------------------------------------------------------------------ |12 |CROATIA | $129,025.39| $25,000.00| $154,025.39| ------------------------------------------------------------------------------ |13 |CYPRUS | $50,000.00| | $50,000.00| ------------------------------------------------------------------------------ |14 |CZECH REPUBLIC | $94,321.87| $25,000.00| $119,321.87| ------------------------------------------------------------------------------ |15 |DENMARK | $75,000.00| $27,373.23| $102,373.23| ------------------------------------------------------------------------------ |16 |FEDERAL REPUBLIC | $89,984.67| $47,230.00| $137,214.67| | |OF YUGOSLAVIA | | | | ------------------------------------------------------------------------------ |17 |FINLAND | $235,330.10| | $235,330.10| ------------------------------------------------------------------------------ |18 |FRANCE | $3,319,664.28| $25,000.00| $3,344,664.28| ------------------------------------------------------------------------------ |19 |GERMANY | $939,645.15| $85,796.45| $1,025,441.60| ------------------------------------------------------------------------------ |20 |GHANA | $25,000.00| | $25,000.00| ------------------------------------------------------------------------------ |21 |GREECE | $343,592.43| $25,000.00| $368,592.43| ------------------------------------------------------------------------------ |22 |HUNGARY | $171,938.03| $50,000.00| $221,938.03| ------------------------------------------------------------------------------ |23 |IRAN | $16,189,760.81| $25,000.00| $16,214,760.81| ------------------------------------------------------------------------------ |24 |IRELAND | $860,135.77| | $860,135.77| ------------------------------------------------------------------------------ |25 |ISRAEL | $2,906,019.18| | $2,906,019.18| ------------------------------------------------------------------------------ |26 |JAPAN | $373,933.99| $102,754.20| $476,688.19| ------------------------------------------------------------------------------ |27 |JORDAN | $149,408,560.11| |$149,408,560.11| ------------------------------------------------------------------------------ |28 |KUWAIT | $376,337,771.69|$7,798,863.00|$384,136,634.69| ------------------------------------------------------------------------------ |29 |LIECHTENSTEIN | | $13,960.00| $13,960.00| ------------------------------------------------------------------------------ |30 |NETHERLANDS | $408,220.16| $49,476.21| $457,696.37| ------------------------------------------------------------------------------ |31 |NEW ZEALAND | $150,222.58| | $150,222.58| ------------------------------------------------------------------------------ --------------------------------------------------------------------------- |32|NIGERIA | $140,684.53| | $140,684.53| --------------------------------------------------------------------------- |33|NORWAY | $19,965.73| | $19,965.73| --------------------------------------------------------------------------- |34|POLAND | $513,841.91| $25,000.00| $538,841.91| --------------------------------------------------------------------------- |35|PORTUGAL | $37,554.00| $29,543.89| $67,097.89| --------------------------------------------------------------------------- |36|REPUBLIC OF KOREA | $843,207.54| $50,000.00| $893,207.54| --------------------------------------------------------------------------- |37|ROMANIA | $25,000.00| | $25,000.00| --------------------------------------------------------------------------- |38|RUSSIAN FEDERATION | $25,000.00| $25,000.00| $50,000.00| --------------------------------------------------------------------------- |39|SAUDI ARABIA | $40,839.00| $103,403.00| $144,242.00| --------------------------------------------------------------------------- |40|SENEGAL | $34,739.29| | $34,739.29| --------------------------------------------------------------------------- |41|SEYCHELLES | $25,000.00| | $25,000.00| --------------------------------------------------------------------------- |42|SINGAPORE | $100,000.00| $52,630.89| $152,630.89| --------------------------------------------------------------------------- |43|SLOVAKIA | $48,539.68| | $48,539.68| --------------------------------------------------------------------------- |44|SLOVENIA | $70,656.97| | $70,656.97| --------------------------------------------------------------------------- |45|SPAIN | $102,884.70| $25,000.00| $127,884.70| --------------------------------------------------------------------------- |46|SUDAN | $9,957,446.59| | $9,957,446.59| --------------------------------------------------------------------------- |47|SWEDEN | $452,192.61| $25,000.00| $477,192.61| --------------------------------------------------------------------------- |48|SWITZERLAND | $151,988.37| $79,175.00| $231,163.37| --------------------------------------------------------------------------- |49|SYRIA | $36,366,536.62| | $36,366,536.62| --------------------------------------------------------------------------- |50|THAILAND | $442,400.89| | $442,400.89| --------------------------------------------------------------------------- |51|TUNISIA | $5,485,333.65| | $5,485,333.65| --------------------------------------------------------------------------- |52|TURKEY | $1,466,502.12| $57,028.40| $1,523,530.52| --------------------------------------------------------------------------- |53|UNDP JERUSALEM | $2,608,797.00| | $2,608,797.00| --------------------------------------------------------------------------- |54|UNDP KUWAIT | $425,001.71| | $425,001.71| --------------------------------------------------------------------------- |55|UNDP YEMEN | $574,945.58| | $574,945.58| --------------------------------------------------------------------------- |56|UNHCR BULGARIA | $187,863.28| | $187,863.28| --------------------------------------------------------------------------- |57|UNHCR CANADA | $493,382.22| | $493,382.22| --------------------------------------------------------------------------- |58|UNHCR GENEVA | $14,051.20| | $14,051.20| --------------------------------------------------------------------------- |59|UNITED KINGDOM | $16,002,372.12| $71,616.17| $16,073,988.29| --------------------------------------------------------------------------- |60|UNITED STATES OF AMERICA| $7,753,488.51| $75,000.00| $7,828,488.51| --------------------------------------------------------------------------- |61|UNRWA GAZA | $4,165,001.42| | $4,165,001.42| --------------------------------------------------------------------------- |62|VIETNAM | $25,828.47| | $25,828.47| --------------------------------------------------------------------------- | | Total |$653,237,718.43|$9,169,847.94|$662,407,566.37| ---------------------------------------------------------------------------

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