
Security Council approves use of Iraq funds for UN dues
13 February 2006 – The Security Council has approved the transfer of somewhat over $400,000 that had been in the escrow account of the United Nations Monitoring, Verification and Inspection Commission (UNMOVIC) for Iraq to be credited against that country’s UN dues, according to documents made official today.
Responding to a proposal by Secretary-General Kofi Annan, the Council said the approximately $416,000 could go toward assessments for the UN regular budget, peacekeeping, tribunal activities and the capital master plan.
Before the 2003 United States invasion, under Security Council resolutions on Oil-for-Food, 0.8 per cent of Iraqi oil revenues was allocated to UNMOVIC, which inherited from the UN Special Commission (UNSCOM) the task of verifying Iraq's compliance with its obligation to renounce weapons of mass destruction.
Previously, the Council approved transfers of some $22 million out of the escrow account to cover similar dues, as well as Iraq’s outstanding arrears with the International Atomic Energy Agency (IAEA).
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