Scarletwine
New Yorker
http://www.christian-aid.org/indepth/406iraqoilupdate/index.htm
Fuelling suspicion: the coalition and Iraq's oil billions /28.06.04
The US-controlled coalition in Baghdad is handing over power to an Iraqi government without having properly accounted for what it has done with some $20 billion of Iraq's own money, says a new report published by Christian Aid.
HIV/AIDS ctrade caid cdebt cenvironment cdevelopment cemergencies cfull list of reports c
Fuelling suspicion: the coalition and Iraq's oil billions /28.06.04
The US-controlled coalition in Baghdad is handing over power to an Iraqi government without having properly accounted for what it has done with some $20 billion of Iraq's own money, says a new report published by Christian Aid.
? Download full report (166kb PDF)
? More information on downloading PDFs
An audit, reportedly critical, of the coalition?s handling of Iraqi revenues is not going to be delivered until mid-July ? after the coalition has ceased to exist.
Christian Aid believes this situation is in flagrant breach of the UN Security Council resolution that gave control of Iraq?s oil revenues and other Iraqi funds to the Coalition Provisional Authority (CPA).
?For the entire year that the CPA has been in power in Iraq, it has been impossible to tell with any accuracy what the CPA has been doing with Iraq?s money,? said Helen Collinson, head of policy at Christian Aid.
Resolution 1483 of May 2003 said that Iraq?s oil revenues should be paid into the Development Fund for Iraq (DFI), that this money should be spent in the interests of the Iraqi people, and be independently audited. But it took until April 2004 to appoint an auditor ? leaving only a matter of weeks to go through the books.
Early reports of the audit indicate strong criticisms of the CPA?s handling of Iraq?s money. But the CPA is not going to be around to be held accountable.
...
It's up to 20 B unaccounted for and not even any meters on oil production to measure the amount produced.
Fuelling suspicion: the coalition and Iraq's oil billions /28.06.04
The US-controlled coalition in Baghdad is handing over power to an Iraqi government without having properly accounted for what it has done with some $20 billion of Iraq's own money, says a new report published by Christian Aid.
HIV/AIDS ctrade caid cdebt cenvironment cdevelopment cemergencies cfull list of reports c
Fuelling suspicion: the coalition and Iraq's oil billions /28.06.04
The US-controlled coalition in Baghdad is handing over power to an Iraqi government without having properly accounted for what it has done with some $20 billion of Iraq's own money, says a new report published by Christian Aid.
? Download full report (166kb PDF)
? More information on downloading PDFs
An audit, reportedly critical, of the coalition?s handling of Iraqi revenues is not going to be delivered until mid-July ? after the coalition has ceased to exist.
Christian Aid believes this situation is in flagrant breach of the UN Security Council resolution that gave control of Iraq?s oil revenues and other Iraqi funds to the Coalition Provisional Authority (CPA).
?For the entire year that the CPA has been in power in Iraq, it has been impossible to tell with any accuracy what the CPA has been doing with Iraq?s money,? said Helen Collinson, head of policy at Christian Aid.
Resolution 1483 of May 2003 said that Iraq?s oil revenues should be paid into the Development Fund for Iraq (DFI), that this money should be spent in the interests of the Iraqi people, and be independently audited. But it took until April 2004 to appoint an auditor ? leaving only a matter of weeks to go through the books.
Early reports of the audit indicate strong criticisms of the CPA?s handling of Iraq?s money. But the CPA is not going to be around to be held accountable.
...
It's up to 20 B unaccounted for and not even any meters on oil production to measure the amount produced.
