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Recovering Iraq’s Assets: Preliminary Observations on U.S. Efforts and Challenges
Joseph A. Christoff (au); Davi M. D’Agostino (au)
Testimony of Joseph Christoff & Davi D’Agostino, GAO, before the Subcomm. on Oversight & Invest. Services, U.S. House of Rep. Rebuilding Iraq is a U.S. national security priority. Billions of dollars are needed for Iraq’s reconstruction. The U.S. gov’t. & the international community have undertaken important efforts to recover the assets of the former regime & return them to the Iraqi people. Here, GAO presents its preliminary observations on the recovery effort. It: (1) updates its estimate of the revenues diverted from the Oil for Food Program; (2) describes the U.S. gov’t. agencies working on the asset recovery effort; (3) discusses the results of U.S. efforts, & (4) highlights challenges that the U.S. faces in recovering Iraqi assets. Charts & tables.
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