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Foreign and Commonwealth Office

Answer

Sir Menzies Campbell: To ask the Secretary of State for Foreign and Commonwealth Affairs what he expects will become of the (a) International Advisory and Monitoring Board and (b) Iraq Development Fund after a sovereign government of Iraq is established; to whom control of the monies will be passed; and if he will make a statement. [154547] Mr. Straw: According to UN Security Council Resolution 1483, Iraqi revenues from the export of petroleum, petroleum products and natural gas should be deposited into the Development Fund for Iraq (DFI) until an "internationally recognised, representative government of Iraq" is formed. Unless the Security Council decides otherwise, it will then be for that government to decide how they handle future revenues. At the same time, there will remain a continuing obligation on UN member states to transfer financial assets or economic resources of the former Iraqi regime to the DFI. Resolution 1483 does not envisage an end to the International Advisory Monitoring Board (IAMB) with the formation of an Iraqi government. Unless the Security Council decides otherwise, we would expect the IAMB to continue in existence after the formation of that government.

Secondary information

Type

Written question

Reference

418 c84W; 154547

Session

2003-04

Subjects

Finance Iraq Development Fund for Iraq International Advisory and Monitoring Board

Link

View this Written question on www.publications.parliament.uk