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Foreign aid : use of local currencies for AID's operating costs : report to the Chairman, Subcommittee on Legislation and National Security, Committee on Government Operations, House of Representatives

Author: United States. General Accounting Office.
Publisher: Washington, D.C. : The Office, 1988.
Edition/Format:   Print book : National government publication : EnglishView all editions and formats
Summary:
Pursuant to a congressional request, GAO reviewed the Agency for International Development's (AID) implementation and management of trust fund local currencies accruing from Economic Support Fund agreements to pay local operation expenses at AID missions overseas.
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Additional Physical Format: Online version:
Foreign aid.
Washington, D.C. : The Office, 1988
(OCoLC)760198708
Material Type: Government publication, National government publication
Document Type: Book
All Authors / Contributors: United States. General Accounting Office.
OCLC Number: 22937710
Notes: Cover title.
Distributed to depository libraries in microfiche.
"October 1988."
"GAO/NSIAD-89-07."
"B-225870"--Page [1].
Description: 37 pages : illustrations ; 28 cm
Other Titles: Use of local currencies for AID's operating costs
Responsibility: United States General Accounting Office.

Abstract:

Pursuant to a congressional request, GAO reviewed the Agency for International Development's (AID) implementation and management of trust fund local currencies accruing from Economic Support Fund agreements to pay local operation expenses at AID missions overseas.

GAO found that AID: (1) increased the use of trust funds to pay the operating expenses of its missions from $12.4 million obligated in fiscal year (FY) 1983 to $55 million in FY 1985; (2) has not always fulfilled its fiduciary responsibilities in reporting trust fund expenses to host governments; and (3) sometimes gave inaccurate information to Congress and did not disclose real property acquisitions.

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