Iraqi Government: We will go out of the seventh item and look for an alternative to protect our money

Arbil, 15 August (Akaniwz) - The Iraqi Deputy Prime Minister, said Iraq will come out of the wrath of the seventh item soon, warning that the Iraqi government is looking for an alternative to the United Nations for the protection of the fund for support of Iraq., Noting that Iraq had taken several measures paid for the first time to be the report of the United Nations Secretary-positive.

The Nuri Shaways in a television interview with Al-Iraqiya semi-government, on Saturday evening, said "the government was holding activities to find a replacement for the Protection of the Development Fund for Iraq's assets which is subject under the auspices of the United Nations and convert it entirely to the supervision of the Iraqi side, while maintaining a mechanism to protect this money."

The CPA was a U.S. civil administration which took over the running of Iraq after 2003, has established a Development Fund for Iraq in order to raise funds from oil exports and petroleum products, natural gas and frozen Iraqi assets and surplus from the oil for food program administered by the United Nations and the spending on the benefit of Iraqis. The Fund was established with the consent of the UN Security Council.

He cautioned Shaways that "Iraq has provided this year several reports to the United Nations and through ongoing work is continuing and sequential," and has said "there was a problematic certain we solve the remnants of the oil and food, including claims of U.S. citizens and U.S. companies for damages."

Shaways and chaired the committee monitoring the overall implementation of the strategic framework agreement between Iraq and the United States in the field of economy and energy, which includes the Governor of Central Bank of Iraq and advisers in the Iraqi government.

He pointed out that "actions had led for the first time in more than seven years to be the report of the UN chief positive about Iraqi activity in this matter."

Shaways and "The last UN report the price of an Iraqi role that has been in the last period", "warning that" will lead to closer cooperation between Iraq and international actors to lead to solutions that are in favor of Iraq. "

He added: "We will go out of the seventh item or find an alternative protected 100% this year, and will not exceed it next year."

The report of the audit of the accounts was distributed at last month reported that the Pentagon can not determine the exact fate of 8.7 billion dollars of the 9.1 billion total funds in the Development Fund for Iraq from the funds of Iraqi oil and gas allocated to the humanitarian needs and reconstruction after 2003, received by the ministry for reconstruction activities in Iraq. "

The report spoke of what he called Baltsep in the management of some of the billions of dollars earmarked for rebuilding Iraq after the war, at the time of the population is suffering from a shortage of supply of electricity and other basic services.

The move by the Iraqi government to restore the management of the fund now in the process carried out by the earlier, and had asked the Pentagon re-funds the Development Fund for Iraq at the end of 2007, but the audit revealed that some entities of the Ministry was still holding money from the Fund but spent in some cases .

Iraq relies almost entirely on oil revenues to rebuild the infrastructure destroyed by years of war and economic sanctions, the oil sector provides more than 95 percent of the general budget of the State.

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