International Advisory and Monitoring Board for Iraq established
The Heads of the Arab Fund for Economic and Social Development, the International Monetary Fund (IMF), the United Nations (UN) and the World Bank have approved the terms of reference of the International Advisory and Monitoring Board (IAMB).
The purpose of the Board is to promote the objectives set forth in Security Council resolution 1483 of ensuring that the Development Fund for Iraq (DFI) is used in a transparent manner for the purposes set out in operative paragraph 14 of that resolution and that export sales of petroleum, petroleum products and natural gas from Iraq are made consistent with prevailing international market best practices.
The Heads of the Arab Fund, IMF, UN and World Bank intend to make the appointments of their representatives to the Board forthwith and look forward to the Board's first meeting. — (menareport.com)
© 2003 Mena Report (www.menareport.com)