Thursday, January 06, 2005

Kofi Annan: Fundraiser

From the BBC:
The UN Secretary-General Kofi Annan has urged international donors to convert pledges of aid for the tsunami victims into $1bn cash for immediate use.
Perhaps he should ask his friends from the "oil-for-food" program:

Previous estimates — one from the General Accountability Office and the other by the top U.S. arms inspector Charles Duelfer — concluded that Saddam's government brought in $10 billion illicitly from 1990 to 2003, when sanctions were in place.

But congressional investigators found that vastly more oil — totaling $13.7 billion — was smuggled out of Iraq than previously thought. Investigators also raised the GAO's estimate of $4.4 billion in oil-for-food kickbacks by $200 million, and said the regime made $2.1 billion more through a scheme where foreign companies imported flawed goods at inflated prices.

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