U.S. watchdog says billions of U.S. aid wasted in Iraq…

WASHINGTON (Reuters) – About $3 billion to $5 billion in U.S. aid for rebuilding Iraq has been wasted since 2003, and similar problems will likely haunt development in Afghanistan, a top U.S. watchdog said on Wednesday.

Stuart Bowen, the U.S. special inspector general for Iraq reconstruction, told Congress that sums wasted on ill-designed or failed projects in Iraq translate into 15-20 percent of the $21 billion Iraqi Relief and Reconstruction Fund set up by Congress after the 2003 U.S.-led invasion.
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