Full impact of Department of Defense program to restart state-owned enterprises difficult to estimate.

Format:

Book

Government document

Author/Creator:

United States. Office of the Special Inspector General for Iraq Reconstruction

Series:

Audit report (United States. Office of the Special Inspector General for Iraq Reconstruction) ; 09-009.

SIGIR ; 09-09

Language:

English

Subjects (All):

Government business enterprises--Iraq--Finance.

Government business enterprises.

Postwar reconstruction--Iraq--Auditing.

Postwar reconstruction.

Economic assistance, American--Iraq.

Economic assistance, American.

Government business enterprises--Finance.

Iraq.

Physical Description:

1 online resource (iv, 25 pages).

Place of Publication:

Arlington, VA : Office of the Special Inspector General for Iraq Reconstruction, [2009]

Summary:

Since the inception of the war in 2003, Iraq has reportedly had an approximate 60 % underemployment/ unemployment rate. The Department of Defense (DoD) believed that this high rate was a factor in fueling insurgency in the country in 2006; in June 2006, DoD established a Task Force to Improve Stability and Business Operations in Iraq to stimulate economic development and employment in Iraq. One of the Task Force s major efforts has been to revitalize Iraqi state-owned enterprises (SOE), which are factories that played an important role in Iraq s pre-war economy. SOEs employed about 200,000 Iraqi s, according to DoD officials. Since its inception in June 2006, the Task Force has received about $50 million in FY 2007 and $53 million in FY 2008 to revitalize state-owned factories. Projects associated with the FY 2007 funding are being implemented, although most of projects associated with the FY 2008 funding have not yet been given final approval for implementation. Once a project is selected for funding, the Task Force enters into a cooperative agreement with the state-owned enterprise to implement the project. These agreements describe the assistance to be provided, the project time frames, and the procedures for the disbursement of funds. SIGIR s reporting objectives for this report were to assess the following: the baseline data and performance metrics the Task Force used to estimate the impact of its projects the adequacy of management controls the Task Force has in place to mitigate risk and ensure funds are used for the intended purposes the Task Force s future plans to assist state-owned enterprises In July 2008, SIGIR reported on the financial resources devoted to the Task Force, and the major areas of economic development assistance, along with examples of projects.

Notes:

Title from title screen (viewed on March 7, 2011).

"January 30, 2009."

OCLC:

320407262

Access Restriction:

Approved for public release.