Foreign Assistance: U.S. Efforts to Spur Panama's Economy Through Cash Transfers
NSIAD-93-56
Published: May 10, 1993. Publicly Released: May 10, 1993.
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Highlights
GAO provided information on economic aid to Panama, focusing on cash grant programs implemented pursuant to the Dire Emergency Supplemental Appropriation Act.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| U.S. Agency for International Development | The Administrator, AID, should require that cash transfer program assistance approval documents, including those not directly linked with policy reform objectives such as the Private Sector Reactivation Program, contain: (1) specific program objectives; (2) time frames or milestones for their accomplishment; and (3) expected impacts to facilitate measuring program success. |
Agency officials indicated that new guidance was issued in May 1994 concerning project and non-project assistance (cash transfer payments are classified as non-project assistance). This new guidance stipulates that all missions must incorporate strategic objectives abd measurable indicators of projects for all efforts (non-project as well as project assistance). This new guidance is in response to the Re-engineering Government effort based on the National Performance Review. Agency officials said that not all missions have complied, but they are working with them.
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Topics
Appropriated fundsCash managementEconomic developmentEconomic growthEconomic stabilizationFederal aid to foreign countriesForeign aid programsForeign economic assistanceInternational relationsPrivate sector