jesuitsdidit
04-02-2009, 10:38 PM
The report entitled "Hard Lessons" reveals wasteful spending of US in Iraq.
A recent report suggests that the US has failed in its reconstruction efforts in Iraq, wasting over 50 billion dollars in the project.
http://www.presstv.ir/Detail.aspx?id=84647§ionid=351020201
Iraq reconstruction mingled with fraud
Wed, 04 Feb 2009 18:44:06 GMT
The report entitled "Hard Lessons" reveals wasteful spending of US in Iraq.
A recent report suggests that the US has failed in its reconstruction efforts in Iraq, wasting over 50 billion dollars in the project.
According to a report by the Special Inspector General for Iraq Reconstruction, fraud, waste, poor security and weak subcontractor performance, were among the main reasons of the US failure in rebuilding Iraq.
Since 2003, Washington has spent nearly USD 117b on post-war reconstruction in Iraq and its army - about USD 51b of the sum was spent in 2008 alone.
Stuart Bowen, the writer of the 456-page report, said the waste and failure were caused by "blinkered and disjointed" pre-war planning and that the US government "had neither the established structure nor the necessary resources to carry out the reconstruction mission it took on in mid-2003."
The Bush administration had initially estimated that Iraq's reconstruction program would only cost USD 2.4b.
Bowen - who began overseeing US expenditure on Iraq about five years ago - told the congressional commission on wartime contracting on Monday that the ongoing conflicts between US and Iraqi officials and disagreements between Department of State and Department of Defense have also contributed to the failure of the US reconstruction efforts.
Currently there are 154 ongoing criminal investigations into allegations of bribery, conflicts of interest, bid rigging, and theft implicating the contractors involved in Iraq's reconstruction program, the report added.
The report has also warned that the mistakes made in Iraq are being repeated in Afghanistan, saying Barack Obama's administration should learn from these lessons in order to avoid making similar mistakes in Afghanistan. Washington has already allocated USD 32 billion for projects in Afghanistan.
A recent report suggests that the US has failed in its reconstruction efforts in Iraq, wasting over 50 billion dollars in the project.
http://www.presstv.ir/Detail.aspx?id=84647§ionid=351020201
Iraq reconstruction mingled with fraud
Wed, 04 Feb 2009 18:44:06 GMT
The report entitled "Hard Lessons" reveals wasteful spending of US in Iraq.
A recent report suggests that the US has failed in its reconstruction efforts in Iraq, wasting over 50 billion dollars in the project.
According to a report by the Special Inspector General for Iraq Reconstruction, fraud, waste, poor security and weak subcontractor performance, were among the main reasons of the US failure in rebuilding Iraq.
Since 2003, Washington has spent nearly USD 117b on post-war reconstruction in Iraq and its army - about USD 51b of the sum was spent in 2008 alone.
Stuart Bowen, the writer of the 456-page report, said the waste and failure were caused by "blinkered and disjointed" pre-war planning and that the US government "had neither the established structure nor the necessary resources to carry out the reconstruction mission it took on in mid-2003."
The Bush administration had initially estimated that Iraq's reconstruction program would only cost USD 2.4b.
Bowen - who began overseeing US expenditure on Iraq about five years ago - told the congressional commission on wartime contracting on Monday that the ongoing conflicts between US and Iraqi officials and disagreements between Department of State and Department of Defense have also contributed to the failure of the US reconstruction efforts.
Currently there are 154 ongoing criminal investigations into allegations of bribery, conflicts of interest, bid rigging, and theft implicating the contractors involved in Iraq's reconstruction program, the report added.
The report has also warned that the mistakes made in Iraq are being repeated in Afghanistan, saying Barack Obama's administration should learn from these lessons in order to avoid making similar mistakes in Afghanistan. Washington has already allocated USD 32 billion for projects in Afghanistan.