Billions of Dollars Unaccounted For In Iraq

"Without more comprehensive knowledge about reconstruction projects the (Iraqi government) will not be in a position to maximize the use of its resources," the report says.
Billions of dollars in spending are not reported to Iraq under the current system, the report says.
In a response letter, Peter Bodde, assistant chief of mission for the U.S. Embassy in Iraq, says that while the current system is incomplete, "it does capture the vast majority of reconstruction projects and there is no other alternative that captures more." LINK.