Financial Statistics
Over US$65 billion worth of Iraqi oil was sold on the world market. About US$46 billion of these funds were intended to provide for the humanitarian needs of Iraqi people such as food and medicine in the context of international economic sanctions. A considerable amount was spent for Gulf War reparations through a compensation fund (25 percent since December 2000); UN administrative and operational costs for the programme (2.2 percent) and costs for the weapons inspection programme. Internal audits have not been made public.
Read more about this topic: Oil-for-Food Programme
Famous quotes containing the words financial and/or statistics:
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“and Olaf, too
preponderatingly because
unless statistics lie he was
more brave than me: more blond than you.”
—E.E. (Edward Estlin)