The Iraq Relief and Reconstruction Fund (IRRF) was established by the
US Congress
The United States Congress is the legislature of the federal government of the United States. It is bicameral, composed of a lower body, the House of Representatives, and an upper body, the Senate. It meets in the U.S. Capitol in Washingto ...
on November 6, 2003. It allocated $18.4 billion to
rebuild Iraq's infrastructure, damaged from years of neglect, sanctions, and war.
As of March 29, 2006, approximately $16.3 billion, or 89%, had been obligated and $11.4 billion had been spent. The fund has come under some criticism due to the slowness with which the allocated money has been disbursed, largely because of the time-consuming US procurement process.
Top construction firm
Bechtel
Bechtel Corporation () is an American engineering, procurement, construction, and project management company founded in San Francisco, California, and headquartered in Reston, Virginia. , the ''Engineering News-Record'' ranked Bechtel as the sec ...
was awarded almost $3 billion dollars between two contracts with
USAID
The United States Agency for International Development (USAID) is an independent agency of the U.S. federal government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $27 bi ...
through this fund, the first contract being in effect 2003-2006, the second 2004-2007. According to a July 2007 report from the Special Inspector General for Iraq Reconstruction,
Stuart Bowen
Stuart W. Bowen Jr. (born March 24, 1958), is an American lawyer who served as the Special Inspector General for Iraq Reconstruction (SIGIR) from October 2004 to October 2013. He previously served as the Inspector General for the Coalition Provis ...
, the second contract consisted of 24 job orders, mostly in water and sanitation, but also in power, telecommunications, and buildings.
A budget for the allocation of the $18.4 billion may be foun
here
Weekly updates on reconstruction spending are available fro
www.defendamerica.mil and fro
www.usaid.gov
The duties of the
Special Inspector General for Iraq Reconstruction
The Office of the Special Inspector General for Iraq Reconstruction (SIGIR) (October 2004 - October 2013) was created as the successor to the Coalition Provisional Authority Office of Inspector General (CPA-IG). SIGIR was an independent government ...
include oversight of expenditures from the Iraq Relief and Reconstruction Fund.
See also
*
Financial cost of the Iraq War
The following is a partial accounting of financial costs of the 2003 Iraq War by the United States and the United Kingdom, the two largest non-Iraqi participants of the multinational force in Iraq.
US war costs Direct costs
The costs of the 20 ...
*
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 ...
*
Program Review Board
*
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) ...
*
Reconstruction of Iraq
Investment in post-2003 Iraq refers to international efforts to rebuild the infrastructure of Iraq since the Iraq War in 2003. Along with the economic reform of Iraq, international projects have been implemented to repair and upgrade Iraqi water ...
References
{{Reflist
Coalition Provisional Authority
Funds