UNITED NATIONS, May 24 (Xinhuanet) -- A draft UN resolution presented on Monday by the United States and Britain will give thecontrol of Iraqi oil revenues back to a provisional Iraqi government, which is due to take over power on June 30.

    The draft says the Iraqi Development Fund, where its oil revenues are deposited, "shall be disbursed at the direction of the interim government of Iraq and its successors.

    But the draft also stipulates that the spending of the money shall be monitored continuously by the International Advisory and Monitoring Board.

    Currently, the Development Fund is under the control of the US-led occupying coalition. Enditem