American Samizdat

Friday, October 08, 2004. *
Much of the $18.4 billion dollars appropriated for the reconstruction effort in Iraq last year will never reach Iraqi hands, according to an analysis by the CSIS Post Conflict Reconstruction Project. The analysis, a follow up to Progress Or Peril: Measuring Iraq's Reconstruction Progress, estimates that "as much as 73 percent of the funds is spent on security and insurance costs for foreign contractors, U.S. government overhead, profits for foreign companies, salaries for foreign workers, and corruption, fraud, and mismanagement." An estimated 27 percent is left to provide "direct benefit to Iraqis and Iraq’s economy."
posted by A.Q. at 11:45 AM
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