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Alsumaria News / Baghdad


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July 25, 2010

Financial control: delayed formation of the government Syotr to transfer the management of the Development Fund for Iraq to Iraqi authorities

السومرية نيوز/ بغداد Alsumaria News / Baghdad

Announced the Board of Supreme Audit of Iraq, Sunday, that the delay in forming an Iraqi government Syotr on the transfer of the Development Fund for Iraq to Iraqi authorities after the expiration of the mandate of the United Nations by the end of this year, with The Central Bank of Iraq sought to keep the Development Fund in the Treasury U.S. Federal for the protection of Iraqi funds from creditors.

The head of the Office of Financial Supervision, Abdel Basset Turki said in an interview for "Alsumaria News", "The delay in forming the Iraqi government will lead to disabling a lot of political decisions and the technical needs of the receiving Development Fund for Iraq after the expiration of the mandate of the United Nations in the 31 December of the year the current 2010 ", noting that" the transfer of management of the Fund to the Iraqi authorities complements our national sovereignty.

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