WASHINGTON - The United States has charged a former employee of the U.S. construction giant Halliburton and a Kuwaiti subcontractor with defrauding the U.S. government of millions of dollars in a contract scam in Iraq, one day after an international watchdog group...
WASHINGTON - The World Bank, an international development institution that says it has no political agenda, may be preparing to fund Israeli security checkpoints around a controversial separation wall under construction on occupied Palestinian territories. Israel is...
The U.S.-run administration in Baghdad failed to keep track of nearly $9 billion of money it transferred to various Iraqi ministries, according to an official audit released Sunday. The report by the U.S. Special Inspector General for Iraq Reconstruction says that the...
U.S. management of the Iraqi economy was plagued by irregularities, corruption, failures, and the mishandling of billions of dollars, according to analysts and multiple recent audits. Sloppy accounting and lax oversight of contracts were routine under the now defunct...
Four years of an Israeli military crackdown on a popular Palestinian uprising, based on closures of towns and villages, have left the economy of the occupied territories in tatters and its people facing soaring poverty, the World Bank said Tuesday. Israeli army sieges...
Rich nations' decision to accept a U.S. request and forgive part of Iraq's debt will help the occupied country but also saddle it with a burdensome economic program that threatens to take decision-making power from Iraqis and put it in the hands of officials from the...
The International Monetary Fund (IMF), one of the most powerful architects of the world economy and controlled by the planet's wealthiest nations, marked its return to U.S.-occupied Iraq with a new loan worth $436 million. The IMF Executive Board approved the loan...
Three U.S. senators have called on Defense Secretary Donald Rumsfeld to account for $8.8 billion entrusted to the Coalition Provisional Authority (CPA) in Iraq earlier this year but now gone missing. In a letter Thursday, Senators Ron Wyden of Oregon, Byron L. Dorgan...
Hundreds of U.S. military and government officials routinely leave their posts for jobs with private contractors who deal with the government, a process that has eroded the lines between government and the private sector, according to a report released by a watchdog...
Billions of dollars of Iraqi oil money have gone unaccounted for by the Coalition Provisional Authority (CPA), according to a new report released Monday. The British charity Christian Aid says that at least $20 billion in oil revenues and other Iraqi funds intended to...
