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Financial stresses matching funds in the Iraqi Development F
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Financial stresses matching funds in the Iraqi Development F
» Mon Jun 20, 2011 7:33 pm

Financial stresses matching funds in the Iraqi Development Fund with the assets of the numbersEditor: SZ | NQ Monday, 20 حزيران 2011 14:49 GMT23,660 http://www.alsumarianews.com/ NewsDetails Finance Minister Rafie al-Issawi
Finance Minister Rafie al-Issawi
Alsumaria News / Baghdad

The Ministry of Finance, on Monday, matching funds in the Iraqi Development Fund with the assets of the numbers, calling at the same time possesses all of the evidence of a breach of its submission to the Iraqi government or body integrity.

Rafie al-Issawi, said in an interview for "Alsumaria News", "The issue of matching funds in the Iraqi dfi Fund with the Central Bank and the traditional cyclical process," noting that "matching funds have been the end of last May and the money that was identical to the figures of the ministry."

Issawi said that "his ministry had given those corresponding to the government, as was displayed at a meeting of the House of Representatives," pointing at the same time "the possibility of a breach or bad practice in this issue, but we have no proof."

He called on the Prime Minister "who has the evidence submitted to the Integrity Commission or the government," asserting that "the government and parliament would be obliged to follow the Iraqi funds."

Issawi stressed that "all the numbers and checking is identical to the ministry," pointing out that "the integrity of the Commission sent a letter to the Ministry of Finance on the money, and we referred to the Department of Accounting subject for an answer."

The head of the Office of Financial Supervision 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, to be the disappearance of $ 6.6 billion in reconstruction funds in Iraq eight years ago may be stolen, describing them as "the largest theft" on America, pointing at the same time to a third investigation to determine the fate 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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