Thursday, November 09, 2006

BBC: Iraq corruption 'costs billions'

BBC NEWS - Iraq corruption 'costs billions': "Corruption within the Iraqi government is costing the country billions of dollars, the US official monitoring reconstruction in Iraq has said.

Stuart Bowen told the BBC that Iraq was facing a second insurgency of corruption and mismanagement.

He said Iraqi government corruption could amount to $4bn (�2.1bn) a year, over 10% of the national income, with some money going to the insurgency."


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