Annan Approves New Distribution Plan for "Oil-for-Food" Program

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Last updated at: (Beijing Time) Saturday, January 05, 2002

Annan Approves New Distribution Plan for "Oil-for-Food" Program

U.N. Secretary-General Kofi Annan on Friday approved the latest distribution plan governing the U.N. "Oil-for-food" program, a press release issued here at U.N. headquarters said.

U.N. Secretary-General Kofi Annan on Friday approved the latest distribution plan governing the U.N. "Oil-for-food" program, a press release issued here at U.N. headquarters said.

The distribution plan covers the 11th phase for the "oil-for-food" program, which allows Baghdad to use a portion of its petroleum revenues to purchase humanitarian relief aid, it said.

The plan is based on a foreseen budget of more than 4.4 billion U.S. dollars, including an allocation of 600 million dollars for oil industry spare parts and equipment, and 310 million dollars to meet the needs of especially vulnerable groups.

More than 1.27 billion dollars are earmarked for food supplies,while an additional 10 million dollar fund set aside for a supplemental nutrition support program for pregnant and lactating mothers in Iraq.

Other allocations include 178 million dollars for medical services and supplies, 293.5 million dollars for minimum requirements in the electricity sector, and 474 million dollars to help meet Iraq's urgent needs in the area of agriculture.

Responding to severe damage to schools and the acute shortage of learning materials in Iraq, the plan provides 188.14 million dollars to the education sector.

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