Middle East Economic Survey

VOL. XLVII

No 26

28-June-2004

IAMB Criticizes CPA For Oil Management Failings

The International Advisory and Monitoring Board (IAMB) has criticized the US-led Coalition Provisional Authority (CPA) for failing to ensure the transparent management of Iraqi oil revenues under its control in the Development Fund for Iraq (DFI). Following its last meeting before the handover from the CPA to an Interim Iraqi Government on 20-22 June, the IAMB said that it regrets, despite its...