Foreign economic assistance (31 - 40 of 345 items)
Stabilizing and Rebuilding Iraq: Iraqi Revenues, Expenditures, and Surplus
GAO-08-1031: Published: Aug 5, 2008. Publicly Released: Aug 5, 2008.
Iraq has an estimated 115 billion barrels of crude oil reserves, the third largest in the world. Oil export revenues are critical to Iraq's reconstruction, accounting for over 90 percent of the Iraqi government's revenues. In June 2008, GAO reported low 2007 spending rates by the Iraqi government for some critical sectors in the face of declining U.S. investments in these sectors. This report exam...
Developing Countries: U.S. Financing for Multilateral Debt Relief Initiative Currently Experiencing a Shortfall
GAO-08-888R: Published: Jul 24, 2008. Publicly Released: Jul 24, 2008.
A buildup of foreign debt throughout the 1970s and 1980s--combined with low growth, falling commodity prices, and other economic difficulties--left many poor countries with significantly more debt than they could repay. International efforts to provide debt relief to 41 such heavily indebted poor countries have been ongoing for over a decade, and these efforts culminated in the Multilateral Debt R...
Afghanistan Reconstruction: Progress Made in Constructing Roads, but Assessments for Determining Impact and a Sustainable Maintenance Program Are Needed
GAO-08-689: Published: Jul 8, 2008. Publicly Released: Jul 8, 2008.
The Afghan government, the United States, and other donors consider road reconstruction a top development priority for Afghanistan. Almost 20 percent of the U.S. Agency for International Development's (USAID) $5.9 billion in assistance to Afghanistan has been for roads. The Department of Defense (Defense) has committed about $560 million for roads, of which Commander's Emergency Response Program (...
Securing, Stabilizing, and Rebuilding Iraq: Progress Report: Some Gains Made, Updated Strategy Needed
GAO-08-837: Published: Jun 23, 2008. Publicly Released: Jun 23, 2008.
Since 2001, Congress has appropriated about $640 billion for the global war on terrorism, the majority of this for operations in Iraq. In January 2007, the President announced The New Way Forward to stem violence in Iraq and enable the Iraqi government to foster national reconciliation. This new strategy established goals and objectives to achieve over 12 to 18 months, or by July 2008. GAO discuss...
Millennium Challenge Corporation: Independent Reviews and Consistent Approaches Will Strengthen Projections of Program Impact
GAO-08-730: Published: Jun 17, 2008. Publicly Released: Jun 17, 2008.
In January 2004, Congress established the Millennium Challenge Corporation (MCC) for foreign assistance. Eligible countries submit compact proposals for MCC funding for projects aimed at reducing poverty through economic growth. To assess the proposed compacts' likely impact, MCC performs economic analyses estimating the compacts' economic rate of return (ERR) and effects on income and poverty as...
Compact of Free Association: U.S. Assistance to Palau, Accountability Over Assistance Provided, and Palau's Prospects For Economic Self-Sufficiency
GAO-08-858T: Published: Jun 12, 2008. Publicly Released: Jun 12, 2008.
Since 1995, when the Compact of Free Association between Palau and the United States entered into force, U.S. aid to Palau has included assistance provided for in the compact and related subsidiary agreements--direct assistance to the Palau national government, including investment in a trust fund intended to provide $15 million annually from 2010 through 2044; federal postal, weather, and aviatio...
International Trade: The United States Needs an Integrated Approach to Trade Preference Programs
GAO-08-907T: Published: Jun 12, 2008. Publicly Released: Jun 12, 2008.
U.S. trade preference programs promote economic development in poorer nations by providing duty-free export opportunities in the United States. The Generalized System of Preferences, Caribbean Basin Initiative, Andean Trade Preference Act, and African Growth and Opportunity Act unilaterally reduce U.S. tariffs for many products from over 130 countries. However, two of these programs expire partial...
Compact of Free Association: Micronesia Faces Challenges to Achieving Compact Goals
GAO-08-859T: Published: Jun 10, 2008. Publicly Released: Jun 10, 2008.
From 1987 through 2003, the Federated States of Micronesia (FSM) received more than $1.5 billion in economic assistance under the original Compact of Free Association with the United States. In 2003, the U.S. government approved an amended compact with the FSM that provides an additional $2.3 billion from 2004 through 2023. The Department of the Interior's Office of Insular Affairs (OIA) is respon...
Compact of Free Association: Palau's Use of and Accountability for U.S. Assistance and Prospects for Economic Self-Sufficiency
GAO-08-732: Published: Jun 10, 2008. Publicly Released: Jun 10, 2008.
The Compact of Free Association between the Republic of Palau and the United States entered into force on October 1, 1994, with the U.S. interest of promoting Palau's self-sufficiency and economic advancement. The compact and its related subsidiary agreements provide for a 15-year term of economic assistance. In fiscal year 2009, the two governments must review the terms of the compact and related...
Millennium Challenge Corporation: Analysis of Compact Development and Future Obligations and Current Disbursements of Compact Assistance
GAO-08-577R: Published: Apr 11, 2008. Publicly Released: Apr 11, 2008.
The Millennium Challenge Corporation (MCC), now in its fourth year of operations, provides aid to developing countries that have demonstrated a commitment to ruling justly, encouraging economic freedom, and investing in people. MCC provides monetary assistance to eligible countries through multiyear compact agreements to fund specific programs targeted at reducing poverty and stimulating economic...