IG Says Most Projects Done But Corruption Persists
With nearly all U.S. funds for Iraq reconstruction committed toward projects, work continues to struggle toward completion, according to a report by the Special Inspector General for Iraq Reconstruction. The quarterly report, dated April 30, says that more than 98% of the $21 billion in U.S. funds allocated for Iraq rebuilding have been obligated for projects, with more than 84% actually spent.
Most scheduled projects have been completed, according to the report, with most of the remaining ones expected to be done by the end of 2007. Certain sectors, however, are performing better than others.