Past, present Iraqi oil revenue management under fire

Past and present management of Iraq's oil revenue continues to be questioned by international watchdog groups.The International Advisory and Monitoring Board, the United Nations-mandated agency charged with monitoring US spending of Iraqi oil revenue, criticized the Coalition Provisional Authority June 22 for not furnishing information in a timely manner to independent auditor KPMG International.The Development Fund for Iraq uses petrodollars to fund rebuilding projects; CPA manages revenues, disbursements, and account balances in consultation with the Iraqi Governing Council, the Iraqi minister of finance, and the governor of the Central Bank of Iraq."The IAMB regrets, despite its r...

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