Iraq Gets Control of its Development Fund (DFI)

There was more sabre rattling on the Iraqi political scene this week, as the Speaker of parliament, Osama al-Nujaifi, hinted at the possibility of a break-away Sunni state.

His statements follow indications, finally, from Prime Minister Nouri al-Maliki to the effect that ministerial heads may metaphorically roll as a result of their poor performance.

These stories, against a background of increasing violence, have perhaps distracted attention from the fact that the Development Fund for Iraq (DFI), which was set up after the 2003 war to handle oil and other revenues, reverts to Iraqi control from tomorrow, 30th June.

The sums involved are immense, and it is essential that they are handled professionally. We can expect some clarification from the International Advisory and Monitoring Board (IAMB) on Thursday regarding the future management of the fund.


3 Responses to Iraq Gets Control of its Development Fund (DFI)

  1. Stew 30th June 2011 at 09:24 #

    Two mysteries.
    1. How much money is in the DFI?
    2. Why did Iraqi Businees News remove the link to comments from it’s front page?

  2. Mae-el 30th June 2011 at 10:34 #

    Good News!

  3. admin 1st July 2011 at 03:06 #

    Stew, we've been having performance issues over the past few weeks and have found that some of the sidebar widgets have been putting additional load onto the server. We are working on recoding these so that they are more efficient but hopefully you've noticed that page loading time has decreased significantly.

    In the mean time I've built up a quick Recent Comments page -