Iraq depends on the United States in reconstruction despite its oil revenues

Iraq depends on the United States in reconstruction despite its oil revenues

Tuesday, November 19, 2013 16:01

Iraq depends on the United States in reconstruction despite its oil revenuesBAGHDAD / translation Baghdadi News / .. Web site, The Washington Times reported the U.S. in its report, on Tuesday, he and two years after the end of military involvement of U.S. in the Iraq war, the United States and its allies continue to pay millions of dollars for the reconstruction of Iraq despite the fact that Baghdad began to reap its oil industry with revenues rising instability and the Iraqi government’s rapprochement with Iran.
The report went on to say that by the Trust Fund, which was established in 2004, the United States and 16 other donor created nearly $ 2 billion for the reconstruction of Iraq, which is due to end his powers in the atheist and the thirtieth of December next as received credit fund a request from Baghdad extend the work of the Fund for a period of one year.
The report added that “justify the financing of Iraq became difficult justified, due to oil revenues, which became La Paz.”
The United Nations said in its latest TgariraÚtmana “The high levels of oil production and rising oil prices due to geopolitical concerns cabinets Iraq gave nearly $ 100 billion in the year.”
The UN report said that “Iraq’s status as a middle-income led to a decline in donor interest and low international finance.”
An official at the World Bank that “two donor countries Cnchban the Finance Fund and will be re unspent contributions,” he said, adding that “the United States is not one of these two countries.”
The largest donors to finance and credit fund is the European Commission, Japan, Spain, and despite the fact that the United States has contributed $ 10 million, but it spent nearly 60 billion in the reconstruction of Iraq during the war.
Most of the funding went to 200 projects of development projects, half of which was not completed by the end of 2012 found that $ 54 million is still unused. United States supported Iraq in other ways this year has provided $ 470 million in foreign aid requested $ 500 million in aid for the year 2014. The United States plans to lend Iraq $ 573 million to buy U.S. military equipment, a common practice known as foreign military financing.
U.S. State Department official defended the aid despite an increase in Iraq’s oil revenues, saying that “assistance aimed at maintaining the strategic partnership with Iraq and is working for this purpose.”

albaghdadianews.com