Iraqi Fire Sale: CPA Giving Away Oil Revenue Billions Before Transition - June 2004
Article from: OGEL 3 (2004), in Good Governance
Introduction
With international attention focused on the transfer of power in Iraq, the Coalition Provisional Authority is committing billions of dollars to ill-conceived projects just before it dissolves, according to a new briefing by the Open Society Institute's Iraq Revenue Watch Project.
The briefing, Iraqi Fire Sale: CPA Giving Away Oil Revenue Billions Before Transition, says that the US-controlled Program Review Board in charge of managing Iraq's finances recently approved the expenditure of nearly $2 billion dollars in Iraqi funds for reconstruction projects.