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Global Center for Development Studies: Iraq has lost more than $ 165 billion in only 6 years
4/2/15
Agencies - A report issued by the International Center for Development Studies and the epicenter London confirmed that Iraq has lost more than $ 165 billion from the Development Fund for Iraq in only 6 years.
The report pointed out that the Development Fund for Iraq, which was established by a decision of the Security Council to deposit the sales of Iraqi petroleum products reached its assets to $ 165 billion in 2009. However, these revenues were prone to corruption since disappeared another $ 40 billion in two thousand and ten, and then reached its assets in 2012 to $ 18 billion only, then seven billion dollars in 2013, while the former Iraqi government has failed to justify the disappearance of these billions and indicates the International Center for Development Studies report that there is no day balances in the Development Fund for Iraq while the Iraqi Central Bank, who arrived in reserves 2013 to $ 76 billion has been reduced to approximately $ 68 billion in the past year and this is Iraq has lost his money more than $ 203 billion within a few years
The report indicates that Iraq needs to sources of funding urgently, especially as the number of displaced people has exceeded 2.0006 million thousand people and aging liberated areas costs also indicates that waste policy in public funds and mismanagement in previous years have overwhelmed the Iraqi economy after spending about 50 billion dollars since 2006 on the protections of the senior officials in the Iraqi government, which is a weakness dues oil companies, which halted exports due to the delay of these entitlements, which led to the loss of billions of dollars in Iraq.
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4/2/15
Agencies - A report issued by the International Center for Development Studies and the epicenter London confirmed that Iraq has lost more than $ 165 billion from the Development Fund for Iraq in only 6 years.
The report pointed out that the Development Fund for Iraq, which was established by a decision of the Security Council to deposit the sales of Iraqi petroleum products reached its assets to $ 165 billion in 2009. However, these revenues were prone to corruption since disappeared another $ 40 billion in two thousand and ten, and then reached its assets in 2012 to $ 18 billion only, then seven billion dollars in 2013, while the former Iraqi government has failed to justify the disappearance of these billions and indicates the International Center for Development Studies report that there is no day balances in the Development Fund for Iraq while the Iraqi Central Bank, who arrived in reserves 2013 to $ 76 billion has been reduced to approximately $ 68 billion in the past year and this is Iraq has lost his money more than $ 203 billion within a few years
The report indicates that Iraq needs to sources of funding urgently, especially as the number of displaced people has exceeded 2.0006 million thousand people and aging liberated areas costs also indicates that waste policy in public funds and mismanagement in previous years have overwhelmed the Iraqi economy after spending about 50 billion dollars since 2006 on the protections of the senior officials in the Iraqi government, which is a weakness dues oil companies, which halted exports due to the delay of these entitlements, which led to the loss of billions of dollars in Iraq.
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