another one month extension(?) Snip ~ Is set to increase international protection for the Development Fund for Iraq by end of next August, which called on the government to take action described by the minute for the protection of the money abroad.
June 20, 2011
Finance Committee: loss of 17 billion dollars of grant funds is the U.S. and all matching funds of Iraq now
Finance Committee Chairman Haidar Abadi
السومرية نيوز / بغداد Alsumaria News / Baghdad
Confirmed the Finance Committee of the Parliament, Monday, matching all of its accounts with the reports of the Ministry of Finance funds the current Iraq, as expressed surprise at talk of a loss of 17 billion dollars, considered that the amount missing is from the funds of the grant of America, which spent from the American side on projects in Iraq in 2003-2004.
Committee Chairman Haidar Abadi, in an interview for "Alsumaria News", "The Finance Committee receive a monthly basis all financial reports of both the Central Bank or the Ministry of Oil on the funds in the bank and sales of oil daily and the selling price and home to the Treasury of Iraq, and are identical to those accounts" He expressed surprise at the "put this figure in the media do not know by the Finance Committee or specialists."
Ebadi pointed out that "there is talk of $ 6.8 billion fate is unclear, according to the words of Inspector General, and there is talk of more than $ 18 billion of the total grant of America to Iraq, the years 2003 to 2004," noting that "financial control, reporting since two years of follow-up grant funds disbursed by the U.S. from the American side in Iraq. "
The Chairman of the Finance Committee that "the Finance Committee want to know the feasibility of these projects that were already present and its value is equal to what was actually spent it," asserting that "the exchange amount of $ 18 billion over two years in the U.S. Grant should have an impact."
Abbadi said that "the control of its financial difficulties in following up the fate of these funds, while the Commission is awaiting the final report," noting that "talk in the media about the loss of that money does not touch upon those funds, and funds the current Iraq, according to reports, the Ministry of Finance there is a match for the accounts."
The Parliamentary Integrity Committee confirmed on Monday, losing $ 17 billion to monitor Iraq's Development Fund during the period of the civil administrator Paul Bremer, describing that period as "vague and a lot of corruption," while the pointed send a request to the United Nations to investigate the matter and recovery of the amount stolen.
The Finance Minister Rafie al-Issawi, said in an interview earlier "Alsumaria News" today, matching the Iraqi funds in the Development Fund with the assets of the numbers, calling at the same time both have evidence of a breach of its submission to the Iraqi government or body integrity.
It is noteworthy that the President of Supreme Audit Abdul-Basit Turki revealed through in a session hosted by the Parliament on 18 April, for wasting more than seventeen billion dollars of Iraqi funds through the management of the former U.S. civil administrator Paul Bremer.
The most likely achieved the American Stuart Bowen, the mid-current, can be caused by the disappearance of $ 6.6 billion in reconstruction funds in Iraq eight years ago is that they may be stolen, describing them as "the largest theft" on America, pointing at the same time there is to achieve the third to know the fate of those funds.
The Finance Committee of the House of Representatives previously announced during a meeting of the Council on the start to begin to pursue an estimated $ 40 billion disappeared from Iraq during the Bremer.
Was established the Development Fund for Iraq, DFI in May of 2003 by the Director of the Coalition Provisional Authority was recognized, by a decision of the Security Council of the United United 1483 and after the dissolution of the Coalition Provisional Authority in June of 2004, has been delegated the U.S. government by the Government of Iraq to manage DFI funds, made available for reconstruction projects, and the U.S. Department of Defense, manages the fund in question on behalf of the U.S. government, the mandate has been withdrawn as of 31 December 2007.
And previously called the General Secretariat of the Cabinet ministries and official institutions, all to provide them with all the information available to it on any abuses occurred during the reign of the civil administrator of Iraq Paul Bremer, on money deposited in the Development Fund for Iraq, which has been spent to implement projects and illusory or contrary to the specifications stated, indicating that This request comes in preparation for a prosecution to those companies that caused the waste of money the country.
The Secretary-General of the United Nations Ban Ki-moon announced on the fifth of April, during his second report to the Security Council pursuant to paragraph 6 of resolution 1936 in 2010, that remaining in Iraq on his release from the obligations of Chapter VII obligations with Kuwait on the issue of missing nationals and their property and third countries, the government confirmed its willingness to continue in a maintenance project the Iraqi border, stressing that progress in these issues is a precondition for the restoration of Iraq's international status natural.
The Security Council approved at its meeting in 15 of last December, three special resolutions in Iraq, ending the first oil for food program, while calling the other to extend the immunity that protects Iraq from claims related to era of former President Saddam Hussein to the June 30, 2011 instead of stopping in last December, as planned in the beginning, he confirmed that Iraq will not request any further extensions of the work (the Development Fund for Iraq) which was the immunity from claims for compensation.
In the third resolution, approved by the UN Security Council to lift the ban on imports of Iraq's nuclear program for civilian nuclear and end restrictions on weapons of mass destruction, missiles and so put an end to the ban lasted 19 years, under resolution 687 (1991).
The Iraqi government is keen to ensure that the extension work of the Fund which was established in 2003 after the fall of Saddam Hussein in order to protect revenues from sales of oil and natural gas in Iraq.
Iraq has been under since 1990 under Chapter VII of the Charter of the United Nations, which imposed after the invasion of the regime of President Saddam Hussein of Kuwait in August of the same year, and this item allows the use of force against Iraq as a threat to international security, in addition to the freezing of large amounts of its assets financial in the international banks to pay compensation to those affected by the invasion of Kuwait.
Is set to increase international protection for the Development Fund for Iraq by end of next August, which called on the government to take action described by the minute for the protection of the money abroad.
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