related article ~*** New Mechanism to Guarantee Protecting Iraqi Money May 20, 2010
The Committee to Protect Iraqi funds looking for contracts submitted by the United Nations
بغداد - الصباح BAGHDAD - morning
Special Committee discussed the development of mechanisms to ensure the protection of Iraqi funds held abroad after the end of the mandate of the Development Fund for Iraq money contracts made by the United Nations for a number of sectors
A statement from the Office of the Deputy Prime Minister Ruz Nuri Shaways: «that Shaways chaired a meeting was a study of contracts by the United Nations were resolved most of the contracts for oil and electricity sectors, trade, agriculture, industry, education, construction, housing, health, water resources, in addition to the municipalities and the Municipality of Baghdad.
The statement quoted by What agency reported «Nina» news yesterday Shaways saying: «The Commission committed to review all contracts and to be carefully evaluated all aspects of administrative, legal and financial At the same time, they realize the importance of time to accomplish those files, and it was determined to reach solutions to fundamental and serious as soon as possible.
The commission, whose members include the ministers of foreign affairs, finance, planning and oil, Justice and the Governor of the Central Bank and Chairman of Supreme Audit Advisor to the Prime Minister of Legal Affairs.
Chapter 7 - Important Dates ~ Reasons that are causing Iraq to remain under Chapter 7:
snip ~ 15 June 2010 review ...
“Acting under Chapter VII of the Charter of the United Nations"
1. Decides to provide an extension, until 31 December 2010, on the arrangements established in paragraph 20 of resolution 1483 (2003) for the depositing into the Development Fund for Iraq of proceeds from export sales of petroleum, petroleum products and natural gas and the arrangements referred to in paragraph 12 of resolution 1483 (2003) and paragraph 24 of resolution 1546 (2004) for the monitoring of the Development Fund for Iraq by the International Advisory and Monitoring Board and further decides that, subject to the exception provided for in paragraph 27 of resolution 1546 (2004), the provisions of paragraph 22 of resolution 1483 (2003) shall continue to apply until that date, including with respect to funds and financial assets and economic resources described in paragraph 23 of that resolution;
2. Decides further that the provisions in the above paragraph for the deposit of proceeds into the Development Fund for Iraq and for the role of the International Advisory and Monitoring Board and the provisions of paragraph 22 of resolution 1483 (2003) shall be reviewed at the request of the Government of Iraq or no later than 15 June 2010;
Iraq Committee for Chapter 7 ~ Council of Ministers Decisions (#10 - protection of Iraqi Funds)
