Foreign Assistance: Enterprise Funds' Contributions to Private Sector Development Vary

Pursuant to a congressional request, GAO reviewed the enterprise funds, established to support private sector development in selected countries of Eastern and Central Europe, focusing on: (1) whether enterprise funds are assisting private sector development; (2) what factors have affected the funds' ability to carry out their activities; (3) whether funds still have a role in private sector development, given other private investment and international donor efforts; (4) whether the funds are likely to recoup their authorized capital; and (5) whether the funds are complying with recent changes in the Agency for International Development (AID) reporting requirements.