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shown and the designations used on this map do not imply
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$1
Billion Transferred to
Development
Fund for Iraq
The UN Controller has transferred US$1 billion to
the Development Fund for Iraq. The transfer on 28 May was made from the United
Nations Iraq escrow account, at the request of the Security Council
contained in paragraph 17 of resolution
1483 (2003) of 22 May 2003.
Value
of Shippable Priority
Items
Exceeds $1 Billion
The total value of priority items that can be shipped to Iraq
from the Oil-for-Food Programme’s humanitarian pipeline for
emergency needs has reached $1.1 billion. Most of these supplies are
in the food ($515 million), electricity ($261 million), agriculture
($182 million) and health ($128 million) sectors.
The
UN agencies and programmes actively involved in the review of the
Oil-for-Food pipeline - FAO, UNDP, UNICEF, WHO, WFP – are
currently looking at additional contracts worth some $330 million,
and the volume of these items
destined for Iraq is expected to accelerate with a six month
extension of the Programme to 21 November, adopted under Security
Council resolution 1483 on 22 May. (Posted 28 May)
For
more information
Other
Programme News
The Office of the Iraq
Programme regrets that it is unable to respond to requests for
information from companies or their representatives. The primary
point of contact for companies is the Permanent
Mission of their respective countries to the United Nations.
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Iraqi Oil
Sales Fund Humanitarian Action
The
Oil-for-Food programme was established by the Security Council on
14
April 1995.
Some 3.4 billion barrels of Iraqi oil valued at about $65 billion
have been exported under the programme since December 1996. Of this
amount, 72 per cent of the total has been allocated towards
humanitarian needs nationwide since December 2000. The balance goes
to: Gulf War reparations through a Compensation Fund (25 per cent
since December 2000); UN administrative and operational costs for
the programme (2.2 per cent) and costs for the weapons inspection
programme (0.8 per cent).
Almost
$28 billion worth of humanitarian supplies and equipment have been
delivered to Iraq under the Oil-for-Food Programme, including $1.6
billion worth of oil industry spare parts and equipment. An
additional $10 billion worth of supplies are currently in the
production and delivery pipeline. The Programme has some $3.7
billion in unencumbered funds and approved contracts worth $7.1
billion that are unfunded. (28 May 2003)
More about
the Programme |
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