OSI: US accountability of Iraq petrodollars falls short

Days before an international donors' conference for Iraq was to be held in Madrid, a prominent human rights group said the US needs to do a better job informing the public about how oil revenue money is being spent.The Open Society Institute (OSI), funded by billionaire philanthropist George Soros, released a report Oct. 16 that said Iraq's public finances fall short of international standards of accountability.The group wants the US-led Coalition Provisional Authority to move forward with a United Nations-mandated watchdog group that is charged with conducting independent audits of how the oil money is collected and where it is spent.Members of the International Advisory and Moni...

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