Development Fund for Iraq

E297136

financial mechanism sovereign wealth fund

The Development Fund for Iraq was a financial mechanism established after the 2003 invasion to manage Iraq’s oil and gas revenues and other assets for reconstruction and humanitarian needs under international oversight.

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All labels observed (2)

Label	Occurrences
Development Fund for Iraq canonical	2
Development Fund for Iraq (DFI)	1

Statements (49)

Predicate	Object
instanceOf	financial mechanism ⓘ sovereign wealth fund ⓘ
alsoKnownAs	DFI ⓘ Development Fund for Iraq ⓘ surface form: Development Fund for Iraq (DFI)
appliesToJurisdiction	Iraq ⓘ
beneficiary	Government of Iraq ⓘ Iraqi people ⓘ
country	Iraq ⓘ
createdBy	Coalition Provisional Authority ⓘ United Nations Security Council ⓘ
dissolved	2011 ⓘ
endOfMandate	2011 ⓘ
exemption	immunity from legal proceedings for petroleum-related revenues under UNSC resolutions ⓘ
follows	principle of using oil revenues for the benefit of the Iraqi people ⓘ
hasAccountAt	Federal Reserve Bank of New York ⓘ
hasOfficialLanguage	Arabic ⓘ Kurdish ⓘ
hasSourceOfFunds	Iraqi gas revenues ⓘ Iraqi oil revenues ⓘ frozen Iraqi assets abroad ⓘ proceeds from sale of Iraqi petroleum, petroleum products and natural gas ⓘ
headquartersLocation	Baghdad ⓘ
inception	2003 ⓘ
legalBasis	United Nations Security Council Resolution 1483 ⓘ United Nations Security Council Resolution 1511 ⓘ United Nations Security Council Resolution 1546 ⓘ United Nations Security Council Resolution 1637 ⓘ United Nations Security Council Resolution 1723 ⓘ United Nations Security Council Resolution 1790 ⓘ United Nations Security Council Resolution 1859 ⓘ United Nations Security Council Resolution 1859 ⓘ surface form: United Nations Security Council Resolution 1905 United Nations Security Council Resolution 1956 ⓘ
locatedInTimeZone	UTC+3 ⓘ
mainPurpose	financing Iraq’s reconstruction ⓘ funding humanitarian needs in Iraq ⓘ management of Iraq’s oil revenues ⓘ
monitoredBy	International Advisory and Monitoring Board ⓘ United Nations Security Council ⓘ
operator	Central Bank of Iraq ⓘ Government of Iraq ⓘ
replaced	Oil-for-Food Programme ⓘ surface form: United Nations Oil-for-Food Programme
subjectTo	audit by International Advisory and Monitoring Board ⓘ reporting to United Nations Security Council ⓘ
succeededBy	Iraq oil revenue accounts under full Iraqi control ⓘ
underInternationalOversightOf	International Advisory and Monitoring Board ⓘ United Nations ⓘ
use	humanitarian assistance in Iraq ⓘ public services in Iraq ⓘ reconstruction of Iraqi infrastructure ⓘ

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Coalition Provisional Authority → usedFund → Development Fund for Iraq ⓘ

Oil-for-Food Programme → successor → Development Fund for Iraq ⓘ

Development Fund for Iraq → alsoKnownAs → Development Fund for Iraq ⓘ

this entity surface form: Development Fund for Iraq (DFI)