Pat H
07-10-2010, 10:10 PM
July 11, 2010
Ban Ki-moon recommends to keep the Development Fund for Iraq, the U.S. central bank
Praised the commitment of Baghdad, schedules and choose an independent auditor
بغداد- متابعة الصباح BAGHDAD - A follow-up to the morning
UN Secretary General Ban Ki-moon said the Development Fund for Iraq will remain in the Fed (U.S. central bank) in New York beyond the end of this year.
Moon said in the second quarterly report for the current year to the Security Council will also be the same mechanism and arrangements currently in place in the management of the Fund, including the allocation of five percent of oil revenues to the Compensation Fund.
He said: "The government of Iraq has received assurances from the Federal Reserve in New York to continue the current mechanism of the Development Fund for Iraq beyond December 31, 2010."
The Security Council decision to transfer in 1483, issued in May of 2003 the authority to manage expenditures from the proceeds of Iraqi oil to the United Nations Development Fund for Iraq and set up (the Council of the International Advisory and Monitoring) to monitor his work.
And extended by Security Council resolution No. 1905 issued in December 2009 the arrangements for the depositing of proceeds into the Development Fund for Iraq and asked Baghdad arrangements to ensure "effective transformation in a timely manner" to the mechanism of failure of the Development Fund for Iraq by December 31 next.
The Council also requested Ban Ki-moon to report every three months on the progress made by Iraq in the preparation of such arrangements and decided to re-examine the terms of Resolution 1483 at the request of the Iraqi government by the middle of this year, since, by next January will end the work of the International Advisory and Monitoring.
Praised Ban Ki-moon down Baghdad in the selection of an auditor of an independent international monitoring body that fails to the Development Fund for Iraq, in cooperation with the Committee of Financial Experts of Iraq, praising in his report that was issued yesterday to efforts by Iraq to conduct the new arrangements and encouraged Iraq to continue to fulfill established timetables spelled out by the Foreign Minister Hoshyar Zebari, in a letter to the Security Council earlier this year in relation to the body that will succeed the Development Fund for Iraq.
In contrast, UN Secretary-General Kofi Annan expressed concern over the presence of some delays in activating the overall system for measuring the oil in Iraq due to "issues of a particular government."
He noted the Secretary General of the United Nations to the International Advisory and Monitoring will continue to highlight issues of concern in relation to weak restrictions on oil extraction and expenditure of ministries, adding that the work of audit field has not yet been completed due to delays caused by the recent bombings that targeted a number from the ministries in Iraq.
With regard to the oil for food program, said Ban Ki-moon: that regardless of the method that the Security Council chooses to stop work by the completion of all outstanding issues should be subject to control by the Government of Iraq.
It is scheduled to hold a UN Security Council on Monday a special session to discuss the issue of the Development Fund for Iraq, after Baghdad's decision to keep the fund under a different name.
He told Iraq's Ambassador to the United Nations, Hamid al-Bayati of the Security Council last week that Baghdad has decided to maintain the Development Fund for Iraq in the Treasury U.S. federal with the presence of immunity of the United Nations Fund, which protect against creditors or debt, which was to expire on December 31st next.
Alsabah
http://articlesofinterest-kelley.blogspot.com/2010/07/ban-ki-moon-report-iraqs-development.html
Ban Ki-moon recommends to keep the Development Fund for Iraq, the U.S. central bank
Praised the commitment of Baghdad, schedules and choose an independent auditor
بغداد- متابعة الصباح BAGHDAD - A follow-up to the morning
UN Secretary General Ban Ki-moon said the Development Fund for Iraq will remain in the Fed (U.S. central bank) in New York beyond the end of this year.
Moon said in the second quarterly report for the current year to the Security Council will also be the same mechanism and arrangements currently in place in the management of the Fund, including the allocation of five percent of oil revenues to the Compensation Fund.
He said: "The government of Iraq has received assurances from the Federal Reserve in New York to continue the current mechanism of the Development Fund for Iraq beyond December 31, 2010."
The Security Council decision to transfer in 1483, issued in May of 2003 the authority to manage expenditures from the proceeds of Iraqi oil to the United Nations Development Fund for Iraq and set up (the Council of the International Advisory and Monitoring) to monitor his work.
And extended by Security Council resolution No. 1905 issued in December 2009 the arrangements for the depositing of proceeds into the Development Fund for Iraq and asked Baghdad arrangements to ensure "effective transformation in a timely manner" to the mechanism of failure of the Development Fund for Iraq by December 31 next.
The Council also requested Ban Ki-moon to report every three months on the progress made by Iraq in the preparation of such arrangements and decided to re-examine the terms of Resolution 1483 at the request of the Iraqi government by the middle of this year, since, by next January will end the work of the International Advisory and Monitoring.
Praised Ban Ki-moon down Baghdad in the selection of an auditor of an independent international monitoring body that fails to the Development Fund for Iraq, in cooperation with the Committee of Financial Experts of Iraq, praising in his report that was issued yesterday to efforts by Iraq to conduct the new arrangements and encouraged Iraq to continue to fulfill established timetables spelled out by the Foreign Minister Hoshyar Zebari, in a letter to the Security Council earlier this year in relation to the body that will succeed the Development Fund for Iraq.
In contrast, UN Secretary-General Kofi Annan expressed concern over the presence of some delays in activating the overall system for measuring the oil in Iraq due to "issues of a particular government."
He noted the Secretary General of the United Nations to the International Advisory and Monitoring will continue to highlight issues of concern in relation to weak restrictions on oil extraction and expenditure of ministries, adding that the work of audit field has not yet been completed due to delays caused by the recent bombings that targeted a number from the ministries in Iraq.
With regard to the oil for food program, said Ban Ki-moon: that regardless of the method that the Security Council chooses to stop work by the completion of all outstanding issues should be subject to control by the Government of Iraq.
It is scheduled to hold a UN Security Council on Monday a special session to discuss the issue of the Development Fund for Iraq, after Baghdad's decision to keep the fund under a different name.
He told Iraq's Ambassador to the United Nations, Hamid al-Bayati of the Security Council last week that Baghdad has decided to maintain the Development Fund for Iraq in the Treasury U.S. federal with the presence of immunity of the United Nations Fund, which protect against creditors or debt, which was to expire on December 31st next.
Alsabah
http://articlesofinterest-kelley.blogspot.com/2010/07/ban-ki-moon-report-iraqs-development.html