Oil For Food Programme Iraq

By Brooke J. Soucy Post a Comment

Posted 7 sep 2005 originally published 7 sep 2005 It was a $60bn (£32bn) scheme which was supposed to allow iraq to buy food, medicine and other humanitarian supplies with the proceeds of regulated oil sales, without breaking the sanctions imposed on it after its 1990 invasion of kuwait.

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After the gulf war of 1991, the un security council imposed economic sanctions on iraq.

Oil for food programme iraq. The programme, as established by the security council, is intended. The announcement comes after a house of representatives subcommittee accused france, russia and china of corrupting the program by failing to oversee the iraqi government's financial activities. The un and world bank estimate that 60 percent of iraqi people are now completely dependent on the food ration system (un / world bank joint iraq needs assessment, october 2003, para 2.12), which has been supplied through the oil for food programme since.

The downturn derives from the system of retroactive pricing, halts in iraq's oil exports, and us threats of war on iraq. Independent inquiry committee finds mismanagement and failure of oversight format analysis source. No income for iraq despite the fact that the un has proposed two resolutions since 1991, it is only in 1996 that iraq first accepted that a programme based on the previous year's decision (unscr 986) could be implemented.

The programme was administered by the united nations and is now embroiled in a corruption scandal.

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