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The Iraq Relief and Reconstruction Fund (IRRF) was established by the US Congress on November 6, 2003. It allocated $18.4 billion to rebuild Iraq's infrastructure, damaged from years of neglect, sanctions, and war. As of March 29, 2006, approximately $16.3 billion, or 89%, had been obligated and $11.4 billion had been spent.
Special Inspector General for Iraq Reconstruction Watchdog for fraud, waste, and abuse of U.S. funds intended for Iraq reconstruction. Quarterly updates and expenditure progress. Iraq Investment and Reconstruction Task Force (U.S. Dept. of Commerce) Assistance to the private sector for reconstruction and business opportunities.
The CPA also administered $18.4 billion that the United States Congress allocated for Iraqi reconstruction in November 2003, known as the Iraq Relief and Reconstruction Fund (IRRF). By June 2004, the CPA had spent, or allocated, $19.1 billion of the DFI funds—while spending only $400 million from the IRRF.
These funds make up the Iraq Relief and Reconstruction Fund, which is largely managed by the Iraq Reconstruction Management Office. USAID also plays a role in managing these funds. Since the transfer of sovereignty in June 2004, the Development Fund for Iraq has been managed by the Iraqi Transitional Government.
SIGIR's work has been recognized in three awards from the President's Council on Integrity and Efficiency. SIGIR's findings and analyses have also contributed to key policy papers produced by Congressional Committees, think tanks, and policy review bodies, such as the Gansler Commission, the Commission on Wartime Contracting in Iraq and Afghanistan, and the Iraq Study Group.
It had the authority to recommend expenditures from both the Development Fund for Iraq, which the Coalition Provisional Authority (CPA) administered in trust on behalf of the Iraqi people, and the Iraq Relief and Reconstruction Fund, which the CPA administered on behalf of the American people.
It was initially money seized during the invasion of Iraq, but later was also U.S. Federally appropriated funds. The military must use the money for the benefit of the Iraqi or Afghan people, such as public roads, schools and medical clinics or humanitarian aid. The funds for CERP came from the Department of Defense.
Furthermore, the Council determined that the United Nations should play a vital role in humanitarian relief and reconstruction efforts and the development of institutions in Iraq. [3] It welcomed the resumption of humanitarian efforts and the appointment of a Special Adviser by the Secretary-General Kofi Annan.