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Foreign and Commonwealth Affairs written question – answered on 29th April 2004.

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Photo of Menzies Campbell Menzies Campbell Shadow Secretary of State (Foreign Affairs)

To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the future role of the International Advisory Monitoring Board in monitoring and auditing the Development Fund for Iraq after 30 June 2004.

Photo of Jack Straw Jack Straw Foreign Secretary

The International Advisory and Monitoring Board (IAMB), as specified in United Nations Security Council Resolution 1483 and the IAMB Terms of Reference, wall cease to be responsible for the auditing of the Development Fund for Iraq once a fully sovereign Iraqi Government has been established. The UK Government would like to see arrangements put in place acceptable to the Iraqi interim administration for the independent and credible audit of Iraqi's oil revenues following the transfer of sovereignty. We are currently in discussion with the Iraqi authorities, the UN international financial institutions, and other countries on how this objective might be best achieved.

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