Posts Tagged ‘DFI’

Development Fund reveals corruption worth billions of dollars during the rule of Nuri al-Maliki

International auditor Development Fund reveals corruption worth billions of dollars during the rule of Nuri al-Maliki

By Ziad al-Haidari  07/02/2016

Roudao – Arbil

report of the auditor of the Development Fund for Iraq, “said the account in which all oil revenues are deposited,” on Sunday, for a “significant” financial irregularities and contractual in the Iraqi Ministry of Health, regarding the failed projects and contracts for fake drugs unfit for consumption billions of dollars, signed mostly during the the term of the Nuri al-Maliki as Read more…

Vice confirms that Washington is nearly $ 20 billion stolen from Iraq in time Bremer

Vice confirms that Washington is nearly $ 20 billion stolen from Iraq in time Bremer

05/07/2015 12:46 GMT

Follow-up – and babysit – MP for the National Alliance Adnan al-Janabi, Thursday, need to form a body in conjunction with the Committee for the recovery of the country’s funds, who fled abroad because of corrupt deals, noting that the US government was stolen in the time of Paul Bremer, from 17 to 20 billion dollars of Iraq.
He said al-Janabi, in a press conference held in the parliament Read more…

Parliamentary Finance Committee is hosting the central bank governor and his senior staff

Parliamentary Finance Committee is hosting the central bank governor and his senior staff

07/04/2015

BAGHDAD / … the parliamentary finance committee hosted, on Tuesday, led by MP Ahmad Chalabi, head of the Commission and the presence of members of the committee’s central bank governor and his senior staff to discuss the assets and net reserves of domestic credit and the net in the balance sheet of the bank and foundation money and the impact of Read more…

Report: loss of $ 165 billion from the Development Fund for Iraq

Report: loss of $ 165 billion from the Development Fund for Iraq

05/04/2015

Experts in economic affairs says that poor management of funds drawn from the Development Fund for Iraq during the past years has led to a lot of money without economic benefit to the country on the ground.

The Global Center for Development Studies in Britain issued a report a few days ago confirming that more than $ 165 billion lost from the Development Fund for Iraq in just six years, the report Read more…

Global Center for Development Studies: Iraq has lost more than $ 165 billion in only 6 years

Global Center for Development Studies: Iraq has lost more than $ 165 billion in only 6 years

04/02/2015 13:46 GMT

Agencies – A report issued by the International Center for Development Studies and the epicenter London confirmed that Iraq has lost more than $ 165 billion from the Development Fund for Iraq in only 6 years.
The report pointed out that the Development Fund for Iraq, which was established by a decision of the Security Council to deposit the sales of Iraqi petroleum products reached its assets to $ 165 billion Read more…

Finance Minister: Iraq has squandered $ 18 billion and the government resorted to external borrowing

Finance Minister: Iraq has squandered $ 18 billion and the government resorted to external borrowing

Posted, 26-02-2015 07:06 PM

Approved the Finance Minister, Hoshyar Zebari, that Iraq has squandered $ 18 billion was in the Development Fund in 2013 as a result of mismanagement.
Zebari said in a press statement, seen by the (news) that: ‘Iraq has squandered what possessed of cash through face sharp decline in Oil prices, having had huge sums spent to cover Read more…

Barzani declares bankruptcy Baghdad and confirms that they not have one billion

Barzani declares bankruptcy Baghdad and confirms that they not have one billion

17-02-2015 06:54 PM

The President of the Kurdistan Regional Government, Nechirvan Barzani, the bankruptcy of the budget of the General Federation, noting that Baghdad had owns nearly $ 18 billion in DFI fund at the end of the year 2013, but now she does not have the billion and one, in addition to the negative consequences of falling oil prices, stressing that he does not know anything about who missed this huge amount.
Barzani said, in a press statement, seen by (News) today announced that: There is an undeniable fact, which is that Iraq does not have the financial liquidity, and Read more…

International Monetary Fund: $ 10 billion stock of the Central Bank of Iraq

International Monetary Fund: $ 10 billion stock of the Central Bank of Iraq

January 11, 2015, 11:29

BAGHDAD – ((eighth day))

The International Monetary Fund recently, his report on the economic outlook for the countries of the world, and expected growth of the Iraqi economy during the year 2015 at a rate of 2%.

The report said that “Iraq’s economy Read more…

Parliamentary calls for the exploitation of the money in the reconstruction of Iraq Trust Fund to fill budget deficit

Parliamentary calls for the exploitation of the money in the reconstruction of Iraq Trust Fund to fill budget deficit

07.01.2015

Brother – Baghdad
Finance Committee in the House of Representatives confirmed the possibility of the use of the amounts in the reconstruction of Iraq to the United States Fund for American (DFI), amounting to about two billion dollars to fill part of the budget deficit in 2015, denying the rumors about the fund in which $ 100 billion.
The Member Services Committee and reconstruction parliamentary Read more…

Pentagon: the disappearance of $ 6.6 billion earmarked for Iraq

Pentagon: the disappearance of $ 6.6 billion earmarked for Iraq

17/11/2014

Brother – Baghdad
Pentagon officials revealed, on Sunday, they can not determine what happened to $ 6.6 billion in cash was intended to fund development in the development of Iraq, after a decade of audits and investigations.
According to the tower will newspaper “American Spectator” site, the “amount of what seems to have simply disappeared or put misplaced as a result of the mistakes of error in accounting or perhaps stolen”, pointing out that “the Read more…

Saleh: sovereign funds maintain revenue

Saleh: sovereign funds maintain revenue

6/11/2014 0:00

BAGHDAD joy pumice to avoid the effects of lower global oil prices, economic and terrorist crises facing the country, calling for an economist government to elaborate a plan ten years ahead and the establishment of a real sovereign wealth funds, in order to maintain their financial assets the longer term. The Development Fund for Iraq (DFI) one species sovereign and classified funds within 19 Arabs fund in the world, Read more…

TBI: the restoration of more than $ 557 million

TBI: the restoration of more than $ 557 million

6/11/2014 0:00

Baghdad, Hussein al-Tamimi Tgb regained TBI tbi more than $ 557 million amounts belonging to government departments and suspended with reporters in global banks since 2004. announced that the “morning” Hamdiya dry Director General of the Trade Bank of Iraq, said: “This amounts accumulated by our correspondent JPMORGAN who declined to replay for” D FI “(Development Fund for Iraq) because of problems related to the beneficiary and equipped, although it Read more…

Finance ministers and oil and planning: the difficulty of presenting the budget in 2014 because it spent

Finance ministers and oil and planning of the Parliament: the difficulty of presenting the budget in 2014 because it spent

Thursday, October 30 / Okrudolf 30, 2014 18:42

[Baghdad-where]

Finance Minister Hoshyar Zebari revealed near the launch urgent financial boost to the Kurdistan region as oil minister, Adel Abdul-Mahdi warned of the bankruptcy case in the state treasury to continue to rely on crude oil imports.

For his part, Minister of Planning and Salman Jumaili that “the financial budget and spent it became a reality anyhow.”

The words Zebari and Abdul-Mahdi al-Jumaili and through hosting a session in the House today to talk about the federal budget for 2014 before they are Read more…

Economic parliamentary: Iraq in fund balance DFI reach 24 billion dollars

Economic parliamentary: Iraq in fund balance DFI reach 24 billion dollars

Monday, 20 October 2014 18:48

Alsumaria News / Baghdad
Committee revealed the economy and investment parliamentary, Monday, that the balance of Iraq in the DFI fund is $ 24 billion, as pointed out that the deletion of zeros from the currency will be in the next year.

The committee member said Jawad al-Bolani, during a press conference at the parliament building with members of the Economic Commission and attended by “Alsumaria News”, that “the things that are discussed within the Read more…

Find the missing Iraq funds cut off in Lebanon

Find the missing Iraq funds cut off in Lebanon

10/13/2014 0:00

James Risen
translation – Anis al-Saffar
has not been a long time to defeat the American forces to Saddam Hussein’s government in 2003, when he began convoys of trucks access to Andrews Air Force Base outside Washington, the movement regularly emptied its load unusual .. That was the payload packets papers of class 100 Balselovan coated dollars. These funds, which have been Read more…

Parliamentary committee to raise the alarm: State Fund in three billion Dollars

Parliamentary committee to raise the alarm: State Fund in three billion Dollars

Posted 21/09/2014 01:11 PM

He said members of the parliamentary finance committee that the government admitted to them that the fund, which kept the oil revenue is not where currently only three billion dollars, while the Council of Ministers says he has a six billion dollars last month.

Usually found in the Development Fund for Iraq “EDF Aye” about 10 billion dollars to ensure salary payments and government expenditures, and critics say the government’s policies that it took advantage of the absence of law for the budget and involved spending more than the normal limit, amid ambiguity about the expenses of war and emergency conditions, and warnings of bankruptcy Fund returns Read more…

Urgent: Maliki carried out the biggest scandal of the bankruptcy of Iraq funds

Urgent: Maliki carried out the biggest scandal of the bankruptcy of Iraq funds

Posted 09/09/2014 02:20 PM

Revealed a change from its own sources, that Iraq is facing the biggest scandal in modern history, by the policies of the previous government of Maliki.

And learned the change, that the treasury of the country in the Development Fund for Iraq, my father AFP Aye, Pat where only five billion dollars, after the oldest Maliki withdrawn, from without the knowledge of Read more…

Economist warns of bankruptcy Iraq and calls for calm dialogue with Kurdistan on oil export

Economist warns of bankruptcy Iraq and calls for calm dialogue with Kurdistan on oil export

02/07/2014 05:13

BAGHDAD / Source News / .. warned economic expert, Abbas Ghalibi, Wednesday, the bankruptcy of the Iraqi government and its inability to pay the salaries of employees in the event of delay in approving the budget, more than this time, and while stressed that Iraq builds its budget deficit by default, as a result of considering the price of a barrel Oil is less than the global average of $ 15, warned of lower fund balance in Iraq DFI.
He Ghalibi in an interview told / Source News /, that “the budget in Iraq Read more…

Commissions from the sale of private banks .. dollar budget equivalent to a neighboring state

Commissions from the sale of private banks .. dollar budget equivalent to a neighboring state

06/10/2014 (00:01 pm)

 Baghdad / Ibrahim Ibrahim

Varied views of MPs and economists about the commission large obtained by private banks through the central bank auction day to sell the dollar, where some criticized the policy of the bank and the method of preference for some private banks and not others, spoke with another on the need to assign these banks to move the investment process in the country. A member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri in an interview for the “long” that “currency auction was established at the time of the former regime to control the significant decline of the dinar against the Read more…

U.S. to lift the immunity from Iraqi funds .. Reality and Challenges

U.S. to lift the immunity from Iraqi funds .. Reality and Challenges

04/06/2014 1:08

Author: d. Appearance of Mohammed Saleh

The White House announced the U.S. in 29 Maes 2014 decision of U.S. President Barack Obama to lift the legal immunity granted to the Development Fund for Iraq’s oil revenues, and petroleum products, and financial assets and other property held by the Central Bank of Iraq Read more…