10/02/2012
BAGHDAD / JD / .. demanded that the Ministry of Electricity counterpart financial sprayed their funds frozen in U.S. banks and the Development Fund for Iraq (DFI).
He said ministry spokesman Musab teacher told / JD / ministry demanded that the Ministry of Finance launched its funds frozen in the Development Fund for Iraq, which holds large amounts intermediate of the Ministry's budget.
He continued teacher said the money mentioned include funds projects stalled and projects that were not completed as well as project funds of the companies Almtherbh and lagging work in Iraq, which was truncated from the Ministry's budget in previous years did not returned it, and the UN Security Council, had announced in 2011 officially ended tasks "Supervisory Board International and advice ", which was responsible for supervising the" Development Fund for Iraq, to move those tasks to the Iraqi government.
The United Nations said in a statement: "The Member States of the UN Security Council welcomed the efforts of the Iraqi government to finalize the arrangements for the transfer of responsibility for overseeing the Development Fund for Iraq as of July 2011."
The statement quoted the members of the Security Council that the Iraqi Committee of Financial Experts, which would take over supervision of the proceeds of the Development Fund for Iraq, instead of body control and international advice, shall 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 ensure that the arrangements the transition process consistent with the Constitution and with international practices better, out of respect for the principles of transparency, accountability and integrity."
The Security Council has issued a decision to establish a Development Fund for Iraq in May 2003, a month after the U.S. invasion, so the deposit proceeds from the sale of oil in this fund, instead of the "oil for food", which was allowed to the former regime using some of the proceeds for humanitarian purposes . / end / 20 /