In July of 2003, BearingPoint was awarded a contract by USAID worth $79.5 million to facilitate Iraq's economic recovery with a two-year option worth a total of $240,162,688. Responsibilities in this contract include:
1. Creating Iraq's budget
2. Writing business law
3. Setting up tax collection
4. Laying out trade and customs rules
5. Privatize state-owned enterprises by auctioning them off or issuing Iraqis shares in the enterprises.
6. Reopen banks and jump-start the private sector by making small loans of $100 to $10,000.
7. Wean Iraqis from the U.N. oil-for-food program, the main source of food for 60% of the population.
8. Issue a new currency and set exchange rates.
(Sourcewatch)
Oh. Sorry. If you've never heard of BearingPoint, maybe this will help...
BearingPoint was formerly KMPG Consulting Inc., the consulting division of the huge accounting firm KPMG LLP that was brought down in the Enron/Arthur Anderson scandal of 2002. On February, 8, 2001, the consulting branch was officially seperated from its parent due to a public offering on the company. When the Enron scandal broke, they changed their name to BearingPoint and subsquently acquired the operations left behind by the deteriorating Arthur Anderson.
Right.
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