Researcher: Government must help in the proper use of funds "development" in a transparent and fair

Researcher: Government must help in the proper use of funds "development" in a transparent and fair

 
 
BAGHDAD / obelisk: the writer considered specialized economic affairs, residing in Beirut, intelligent sincere Khalidi, the Development Fund for Iraq shall bear responsibility for the collection and spending of resources. And raised in this regard, a set of questions, and she hopes to be up to the Iraqi media and posed publicly on the government and the House of Representatives.
 She said in the report, which followed the "obelisk" The UN Security Council issued, on 22 May 2003, the day after the occupation of Iraq after a brief war began in March of the same year, his decision with the number 1483, the text of which, pursuant to Section VII of the Act United Nations, to establish a Development Fund for Iraq (The Development Fund for Iraq) , to be disposed of from the fund under the guidance of the Coalition Provisional Authority, which occupied Iraq and in consultation with management, the interim Iraqi to achieve the goals set by paragraph 14 of the resolution, which states «to be disposed of funds Fund transparently for the purposes of satisfying the humanitarian needs of the Iraqi people and rebuild the economy and repair infrastructure, and continue to disarm Iraq and bridging costs of the civil administration, and to achieve the objectives of the other state for the benefit of the Iraqi people ». The decision overturned the new work «Oil for Food Programme» adopted by the United Nations and former students to transfer all remaining funds in which to fund new development. As the text of the deposit all proceeds from export sales of crude oil and petroleum products and gas in this fund to be selected Iraqi government internationally recognized borders, to be deposited 5 percent of this revenue in the Compensation Fund, which was established under resolution 687 of 1991 and subsequent resolutions relevant .
She added: The Fund is managed resources and expenditures by the Coalition Provisional Authority in consultation with the Iraqi administration and the Ministry of Finance and the Central Bank of Iraq. At the request of the Coalition Provisional Authority Find «Federal Reserve» in New York on behalf of an account of the Development Fund for Iraq account the CBI. The conversion is part of the fund to the latter for the purposes of securing the most important expenditures needed by the country for the benefit of the Iraqi people .
 To help the Iraqi government to ensure proper use of the fund in a transparent and fair through the Iraqi budget to meet all the obligations entrusted to it, in accordance with the objectives set by the Security Council resolution 1483, the text of the final «to create an advisory board and international regulatory International Advisory & Monitoring Boardconsists of qualified representatives for each of the Secretary-General of the United Nations, the International Monetary Fund chief and head of the Arab Fund for Economic and Social Development, and the President of the World Bank and a qualified representative for the Iraqi government ». That the Council shall, after consultation with the Iraqi government to appoint a maximum of five observers from the list of qualified and independent candidates nominated by the Iraqi government. At each meeting of the Council of each member can be accompanied by a replacement is appointed in the same manner in which the appointment of the original members and two advisers maximum for each member .
Under articles 12 and 20 of resolution 1483 on «the Iraqi government to appoint external auditors subject to the approval of the Council on them and on the selection method and the functions and scope of work of the auditors and style». The functions of the external auditors to ensure that the money spent by the fund were legally licensed and received by the related parties. The Council shall review the reports established by the external auditors and determines the adequacy and comprehensiveness of the audit and that it was according to international standards. It also monitors the financial reporting and internal control systems established by the Iraqi government of topics that are material to the external audit, and advise them as to the suitability of these systems. The Council may, when it is necessary under the best practices of international auditing, demand from the external auditors or independent public accountants, to audit covers all aspects of the terms of reference by the Council and in conformity with the objectives of resolution 1483, and made ​​after consultation with the Iraqi government vertebrae functions of these auditors and the scope of their powers and the method to be followed in the audit according to international standards . 
The Council should be published for public opinion all auditors' reports and comments on them. It also publishes the minutes of its meetings and reports within 30 days after the end of the meeting .
After this review highlights the group are important questions to be asked, first, how much an individual of the Iraqi people or members of the Chamber of Deputies of the Iraqi flag to resolution 1483 and subsequent resolutions, and know that all the resources of the state and all its expenses are not actually under the control of the Iraqi government but is in the account retains by the American Council of the Federal Reserve in New York for the benefit of the Iraqi government?
 Second, if all the resources of the export of oil and petroleum products and gas to go to the expense of the fund, how is the sale of oil from multiple destinations in Iraq in the form of informal and do not reach the sales revenue to the fund?
Thirdly, the existence of the Council of supervisory from international destinations graduate and uses Bmedkqan international to monitor the spending of the Fund, and to know the fate of each amount enters it and come out of it, how it passed dozens of cases of corruption and looting of public money and that I talked about Iraqi governments themselves, and what was the position of the Council of them, and what was the fate of funds Stolen?
Fourthly, if the publication of the minutes of meetings of the supervisory board and auditors' reports of international condition, does this have already been publishing? Does briefed the Iraqis or the members of the Chamber of Deputies on the content of such records and reports?
 Fifthly, the fund has been established pursuant to Section VII of the United Nations Act, what has become his fate after the withdrawal of Iraq from Chapter VII? 
 

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