VOL. XLVII

No 13

29-March-2004

IRAQ RECONSTRUCTION

CPA Appoints Ernst & Young To Identify Iraq Debt Sources

The US-led Coalition Provisional Authority (CPA) in Iraq has appointed accountancy firm Ernst & Young to help trace the countrys loan contracts. Iraq has been unable to trace many loan agreements, particularly with the Gulf states such as Saudi Arabia, and Iraqi officials have said that they cannot accept figures produced by creditors without a paper trail. The IMF is carrying out...