VOL. XLIII

No. 32

7-August-2000

IRAQ

Iraq Raises $29Bn Under Oil-For-Food Program

The UN oil-for-food program has generated nearly $29bn in revenues since its inception in late 1996, making it the largest "humanitarian" project in the history of the UN. Of this total $20bn went to humanitarian efforts, while the rest was earmarked for Gulf war compensation and UN administrative expenses. According to a statement issued on 29 July by Benon Sevan, Executive Director of the UNs Office of the Iraq...