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International Advisory and Monitoring Board

Body empowered under UNSC Resolution 1483 to audit the Development Fund for Iraq. Although resolution 1483 was passed in May 2003, the IAMB was not created until October 2004, and did not begin effective work until 2004. It was particularly slow to find Iraqi observers.

• Audit reports

  Reports from audits, many conducted by KPMG on behalf of the IAMB. Reports currently available cover January 2004-December 2006.

• IAMB Press Release Statement (04 Nov 2005)

  Concerns reciept of the audit reports for spending of the Development Fund for Iraq for June-December 2004. Also notes the results of the Special Audit concerning the award of a non-competitive contract to Kellogg, Brown and Root Services, inc. (a part of Halliburton). In particular, "the IAMB recommends that the U.S. Government seek resolution with the Iraqi Government concerning the use of resources of the DFI which might be in contradiction with the UN Security Council Resolution 1483 and recommends that amounts disbursed to contractors that cannot be supported as fair be reimbursed expeditiously", with particular reference to $208million that was not sufficiently accounted for by Halliburton.

• Award Fee Process for Contracts involved in Iraq Reconstruction (25 Oct 2005)

  Report looking at the value of the system of offering contracts financial awards for successful work in certain areas. Finds mixed results and recommends a number of measures for improvement.

• Terms of Reference (Oct 2003)

  These terms of reference were finally agreed in late October 2003, after a delay of several months. An earlier draft, dated 11 June 2003, shows some differences from the final version. This draft, apparently proposed by the US administration of Iraq, envisaged the CPA appointing the first chair and 5 non-voting members. Unlike the final draft, it does not propose the creation of a secretariat for the IAMB, an omission which would have made it reliant on the CPA for administrative support. Iraq Revenue Watch has a brief commentary and another copy of the draft (same text, but more legible). France and Germany emphasised the importance of founding the IAMB in a set of proposed amendments to a draft UN resolution in September 2003.

• Minutes of meetings

  The IAMB also provides a schedule of past and future meetings, and generally issues a press release after each meeting.

• Rules of procedure

  These revise an earlier set of rules whcih applied before the transfer of power to the Interim government on 28 June 2004