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The Export-Import Bank of the United States helps U.S. companies that want to sell to foreign buyers but can’t get private financing. According to the Bank, its programs support tens of thousands of U.S. jobs annually. However, the Bank is backed by the U.S.
Concerns about financial accounting of federal assistance
Under the Compacts of Free Association, U.S. agencies can provide assistance to the Federated States of Micronesia and the Republic of the Marshall Islands in the form of grants, services, technical assistance, and loans.
What GAO Found For each key phase for government-to-government (G2G) assistance activities under its Local Solutions initiative, the U.S. Agency for International Development (USAID) has policies that generally reflect federal accountability standards to help ensure funds are used as intended.
What GAO FoundThe U.S. Agency for International Development (USAID) and Department of State (State) provide democracy assistance for Cuba aimed at developing civil society and promoting freedom of information.
What GAO FoundSince our 2004 report, Open World has taken a number of steps to address our recommendations on financial management controls, and has also generally followed leading financial management practices.
What GAO Found To develop programs to strengthen developing countries Public Financial Management (PFM) systems, the U.S. Agency for International Development (USAID) and the U.S. Department of the Treasury (Treasury) rely on assessments of the host country governments systems.
The United States imposes antidumping and countervailing (AD/CV) duties to remedy unfair foreign trade practices that cause injury to domestic industries. Evasion of AD/CV duties weakens protections for U.S. industry and reduces U.S. revenues. U.S.