Foreign Assistance:

U.S. Russia Fund Is Following Its Investment Selection Process and Criteria

GAO-01-2: Published: Oct 2, 2000. Publicly Released: Nov 1, 2000.

Contact:

Jess T. Ford
(202) 512-4268
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

This report summarizes GAO's findings on the United States Russia Fund and its investment selection process and criteria. The United States established enterprise funds to support private sector development in Central and Eastern Europe and the former Soviet Union as they move from centrally planned to market-oriented economies. Enterprise funds are private, nonprofit U.S. corporations that are supposed to make loans to, or invest in, small, medium, and large businesses in which other financial institutions are reluctant to invest. The Fund is authorized to receive $440 million through the Agency for International Development. As of March 2000, the Fund had invested $114.4 million in 30 projects through its direct investment program which provides loans and equity capital to businesses in Russia. GAO found that the Fund followed its review process and criteria for selecting direct investments.

Apr 16, 2014

Apr 3, 2014

Apr 1, 2014

Mar 13, 2014

Mar 11, 2014

Mar 10, 2014

Mar 6, 2014

Feb 14, 2014

Feb 11, 2014

Looking for more? Browse all our products here