The International Advisory and Monitoring Board was appointed to oversee the

Coalition Provisional Authority ) , capital = Baghdad , largest_city = capital , common_languages = ArabicKurdishEnglish (''de facto'') , government_type = Transitional government , legislature = Iraqi Governing Council , title_leader = Administrator , leader1 = Jay ...

's disbursements from the

humanitarian Humanitarianism is an active belief in the value of human life, whereby humans practice benevolent treatment and provide assistance to other humans to reduce suffering and improve the conditions of humanity for moral, altruistic, and emotional ...

Development Fund for Iraq In May 2003, following the invasion of Iraq in March of that year, the Central Bank of Iraq-Development Fund for Iraq (DFI) account was created at the U.S. Federal Reserve Bank of New York at the request of the Coalition Provisional Authority (CPA) ...

. When the CPA was authorized to manage the DFI by

United Nations resolution A United Nations resolution (UN resolution) is a formal text adopted by a United Nations (UN) body. Although any UN body can issue resolutions, in practice most resolutions are issued by the Security Council or the General Assembly. Legal stat ...

1483 Year 1483 ( MCDLXXXIII) was a common year starting on Wednesday (link will display the full calendar) of the Julian calendar. Events January–December * January 1 – The Jews are expelled from Andalusia. * February 11 – Th ...

. the CPA was obliged to cooperate with the oversight of the IAMB. The IAMB was composed of senior representatives from the United Nations, the Arab Fund for Social and Economic Development, the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

, and the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

. The IAMB had trouble getting co-operation from the Administrator of Iraq,

Paul Bremer Lewis Paul Bremer III (born September 30, 1941) is an American diplomat. He led the Coalition Provisional Authority (CPA) following the 2003 invasion of Iraq by the United States, from May 2003 until June 2004. Early life and education Born on ...

, and from the CPA. In their final press release before the CPA's authority expired the IAMB wrote: :''"The IAMB regrets, despite its repeated requests, the delay in receiving reports on audits undertaken by various agencies on sole-sourced contracts funded by the DFI. In the light of these delays the IAMB decided to commission a special audit to determine the extent of sole-sourced contracts. The IAMB was also informed by the CPA that contrary to earlier representations the award of metering contracts have been delayed and continues to urge the expeditious resolution of this critical issue. Finally, the IAMB noted the delay in completing the audits on the

State Oil Marketing Organization State Organization for Marketing of Oil (SOMO) is an Iraqi national company responsible for marketing Iraq's oil. It is headquartered in Baghdad, Iraq. History The company was founded in 1998 and operates in oil and gas A fossil fuel i ...

(SOMO) and requested the CPA to press for prompt finalization of these."''

References

The IAMB website

U.N. looking into Iraq's handling of goods contracts
''

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

, June 22, 2005''
So, Mr Bremer, where did all the money go?
''

The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...

'', July 7, 2005
U.S. should repay millions to Iraq, audit board says: U.N. group says it owes nation for contracting work assigned to KBR
''

Houston Chronicle The ''Houston Chronicle'' is the largest daily newspaper in Houston, Texas, United States. , it is the third-largest newspaper by Sunday circulation in the United States, behind only ''The New York Times'' and the ''Los Angeles Times''. With it ...

'' reprint of ''

New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...

'', November 5, 2005 {{int-org-stub Coalition Provisional Authority

See also

References