(May 23, 2004) The United States wants Iraq’s sovereign creditors to write off 80-90 percent of the oil-rich state’s debt but Paris wants to cancel just 50 percent, a French source said on the margins of a G7 meeting on Sunday.
Another enemy looms – Iraq debt
(May 23, 2004) As the debate intensifies over what kind of government will take over Iraq on June 30, one certainty is that the new leadership will have to manage one of the most destabilizing legacies of Saddam Hussein’s rule – a crushing debt burden.
Iraq seeks debt solution before economy picks up
(May 21, 2004) Iraqi officials are seeking to speed up the resolution of the country’s massive debt problem in the hope of receiving more generous terms before the battered economy picks up.
Iraq says UN must reduce reparations paid from oil
(May 21, 2004) An Iraqi delegation will travel to the United Nations on Wednesday to demand full control of the country’s oil revenues and a cut in war reparations.
UN auditors fault oil-for-food monitor
(May 20, 2004) The company hired to monitor aid under the UN oil-for-food program in Iraq failed to staff key checkpoints, used unauthorized subcontractors, and could not account for "massive discrepancies" between reported and actual shipments of aid, says UN audit.
Foreign firms paid Saddam commission in oil-for-food deals
(May 20, 2004) Companies from Australia, the US and other countries paid a secret commission to Saddam Hussein’s government to secure contracts under the United Nations’ oil-for-food programme, Iraqi and occupation officials said yesterday.
UN investigates oil-for-food corruption
(May 20, 2004) The independent panel investigating alleged corruption in the multibillion-dollar UN oil-for-food program in Iraq said Thursday it was pursuing claims of misconduct by UN staff and seeking access to Iraqi records.
World Bank chief denies corruption claims
(May 19, 2004) World Bank president James Wolfensohn has dismissed United States allegations that billions of dollars of bank funding was misused as “frivolous.”
Turmoil in Iraq oil-for-food audit
(May 18, 2004) Two competing requests for proposals (RFPs) from two governing authorities adds up to confusion for Big Four auditors.
US and Iraq spar over who should run corruption inquiry into oil-for-food program
(May 17, 2004) Iraq’s political leaders are sparring with the American occupation administration over who should investigate possible official and corporate corruption in the United Nations oil-for-food program.
Arafat’s money secrets
(November 12, 2004) Estimates of the Palestinian leader’s wealth vary from next to nothing to half a billion dollars.
Forgotten scandal: the UN’s Oil for Food Program
(May 13, 2004) The world’s obsession with the Iraqi prison abuse story has obscured what could be one of the most expensive scandals in the history of the world: the United Nations’ Oil for Food program.
Firms square-up over Iraq debt
(May 11, 2004) BDO Stoy Hayward and Ernst & Young are likely to face each other on opposite sides of the fence as they attempt to unravel Iraq’s long-term debts.
The U.N.’s corruption of Iraq’s ‘Oil for Food’
(May 10, 2004) The oil-for-food program for Iraq was the largest humanitarian-aid program ever undertaken by the United Nations. It appears it also provided the largest opportunity for corruption.
President backs probe of U.N. scandal
(May 10, 2004) President Bush wants investigators to get to the bottom of the oil-for-food scandal at the United Nations, which National Security Adviser Condoleezza Rice says may have originated in a “corrupt underworld.”
Probe International 