International Advisory and Monitoring Board for Iraq

The DFI was established pursuant to United Nations Security Council Resolution 1483 and holds the proceeds of petroleum export sales from Iraq, as well as remaining balances from the UN Oil-for-Food Program and other frozen Iraqi funds. Disbursements from the DFI must be used for the benefit of the Iraqi people, and are directed by the Coalition Provisional Authority, in consultation with the Iraqi interim administration. The IAMB will continue to function after the dissolution of the Coalition Provisional Authority on June 30, 2004 and will work with the Interim Government of Iraq, as set out in United Nations Security Council Resolution 1546. United Nations Security Council Resolution 1637 extended the mandate of the IAMB until December 31, 2006, United Nations Security Council Resolution 1723 extended the mandate of the IAMB until December 31, 2007, United Nations Security Council Resolution 1790 extended the mandate of the IAMB until December 31, 2008, United Nations Security Council Resolution 1859 extended the mandate of the IAMB until December 31, 2009, and United Nations Security Council Resolution 1905 further extended the mandate of the IAMB until December 31, 2010 and United Nations Security Council Resolution 1956 further extends the mandate of the IAMB until June 30, 2011.