Coalition Provisional Authority: What Happened To Iraq’s Money?

The Coalition Provisional Authority (CPA) was established as a transitional government following the invasion of Iraq by the United States, United Kingdom and the other members of the multinational coalition which was formed to oust the government of Saddam Hussein in 2003. Citing UN Security Council Resolution 1483 (2003), and the laws of war, the CPA vested itself with executive, legislative, and judicialauthority over the Iraqi government from the period of the CPA’s inception on April 21, 2003, until its dissolution on June 28, 2004.

The CPA was also responsible for administering the Development Fund for Iraq during the year following the invasion. This fund superseded the earlier UN oil-for-food program, and provided funding for: Iraq’s wheat purchase program, the currency exchange program, the electricity and oil infrastructure programs, equipment for Iraq’s security forces, Iraqi civil service salaries, and the operations of the various government ministries.

This is one of the main reasons why the invasion of this country has been such of a failure.  The most basic needs of the Iraqi people were never met.  The funds to provide the Iraqi people with good clean hospitals, schools, electric, sewage etc. has been carelessly wasted.  Many of us in the US wonder why they hate us so much; we wonder why Iraq has become a breeding ground for “terrorist”.  We had the ability to show these people how much better things could be without having Saddam in power, but we have created a more horrible picture.  We are the cause of the Iraqi resistance.  We invaded and killed hundreds of thousands of innocent Iraqi people, and swindled away the billions of dollars that should have been used to provide resources for the people.  What happened to Iraq’s money?

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