IRW Briefing: Iraqi Fire Sale

While international attention is focused on the impending June 30 transfer of sovereignty in Iraq, the U.S.-controlled Coalition Provisional Authority (CPA) is committing billions of dollars to ill-conceived projects just before it dissolves, according to this briefing by the Central Eurasia Project’s Iraq Revenue Watch program.

The briefing examines and criticizes the CPA’s ongoing rush to commit Iraqi oil funds to projects already funded by the U.S. government, instead of waiting for the interim Iraqi government to make these budgetary decisions when it assumes power.