Home
The government "officially" overseeing the Development Fund for Iraq.
02/07/2011
The center of an international welcome this step
BAGHDAD - A follow-up morning
The UN Security Council formally ended tasks "body control and international advice," which was to oversee the "Development Fund for Iraq," the private returns to export oil, on June 30 last, to move those tasks to the Iraqi government as of Friday. Coincides Declaration delivery of the government, represented by a committee of financial experts, oil export revenues, which are estimated at $ 250 billion, over the past eight years, with continuing preparations for Iraqi and U.S. governments to withdraw about 47 thousand U.S. troops from Iraq, the end of the year. The United Nations said in a statement released yesterday: "The Member States of the UN Security Council welcome the efforts of the Iraqi government to finalize the arrangements for the transfer of responsibility for overseeing the Development Fund for Iraq from the first of July 2011." the statement quoted members of the Security Council that a committee of financial experts of Iraq, which will assume the functions of supervision on the proceeds of the Development Fund for Iraq, instead of body control and international advice, exercise authority in accordance with its terms of reference approved by the Iraqi government earlier this year. He stressed the Security Council, according to the statement, the need for the Iraqi government "to ensure that the proceeds from the sale of oil will be used for the benefit of the Iraqi people, as well as making sure that arrangements for the transition process consistent with the Constitution and international practice, the best, out of respect for the principles of transparency, accountability and integrity. "The Security Council has issued a decree establishing the Development Fund for Iraq in May 2003, a month after the U.S. invasion, so is the deposit of proceeds from the sale of oil in the fund, instead of the "oil for food", which was allowed to previous system using some of the proceeds for humanitarian purposes.
The Security Council resolution on the establishment of the Development Fund for Iraq, the allocation of 5 percent of the proceeds from the sale of Iraqi oil to fund "compensation" of the invasion of the former regime of the State of Kuwait in 1990, and stressed the Council's statement that this requirement should be mandatory for any Iraqi government that enjoys international recognition. In December of last year, the UN Security Council the lifting of most sanctions imposed on Iraq, but he decided to continue the international mandate to oversee the Development Fund for Iraq until the end of June last. Iraq is one of the largest producers of oil and gas in the world, but that the sector suffered a long period spanning several decades, as a result of mismanagement and the economic blockade of the dictatorial regime of Saddam.
[You must be registered and logged in to see this link.]
02/07/2011
The center of an international welcome this step
BAGHDAD - A follow-up morning
The UN Security Council formally ended tasks "body control and international advice," which was to oversee the "Development Fund for Iraq," the private returns to export oil, on June 30 last, to move those tasks to the Iraqi government as of Friday. Coincides Declaration delivery of the government, represented by a committee of financial experts, oil export revenues, which are estimated at $ 250 billion, over the past eight years, with continuing preparations for Iraqi and U.S. governments to withdraw about 47 thousand U.S. troops from Iraq, the end of the year. The United Nations said in a statement released yesterday: "The Member States of the UN Security Council welcome the efforts of the Iraqi government to finalize the arrangements for the transfer of responsibility for overseeing the Development Fund for Iraq from the first of July 2011." the statement quoted members of the Security Council that a committee of financial experts of Iraq, which will assume the functions of supervision on the proceeds of the Development Fund for Iraq, instead of body control and international advice, exercise authority in accordance with its terms of reference approved by the Iraqi government earlier this year. He stressed the Security Council, according to the statement, the need for the Iraqi government "to ensure that the proceeds from the sale of oil will be used for the benefit of the Iraqi people, as well as making sure that arrangements for the transition process consistent with the Constitution and international practice, the best, out of respect for the principles of transparency, accountability and integrity. "The Security Council has issued a decree establishing the Development Fund for Iraq in May 2003, a month after the U.S. invasion, so is the deposit of proceeds from the sale of oil in the fund, instead of the "oil for food", which was allowed to previous system using some of the proceeds for humanitarian purposes.
The Security Council resolution on the establishment of the Development Fund for Iraq, the allocation of 5 percent of the proceeds from the sale of Iraqi oil to fund "compensation" of the invasion of the former regime of the State of Kuwait in 1990, and stressed the Council's statement that this requirement should be mandatory for any Iraqi government that enjoys international recognition. In December of last year, the UN Security Council the lifting of most sanctions imposed on Iraq, but he decided to continue the international mandate to oversee the Development Fund for Iraq until the end of June last. Iraq is one of the largest producers of oil and gas in the world, but that the sector suffered a long period spanning several decades, as a result of mismanagement and the economic blockade of the dictatorial regime of Saddam.
[You must be registered and logged in to see this link.]
