Word: hiid
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...HIID, which took shape in the 1960s to provide counseling and expertise to help developing countries improve their economies, included Harvard faculty members as project participants and advisers...
...government alleges Shleifer and Hay, advisors with a program operated by the now-defunct Harvard Institute for International Development (HIID) seeking to ease Russia’s economic transition to capitalism, used their positions for personal gain...
...those whose deposition was included in this week’s filing was that of high profile Stone Professor of International Trade Jeffrey D. Sachs ’76, who headed HIID from 1995 to 1999. Sachs has consistently emphasized his lack of knowledge of impropriety in the Russian program...
According to the Globe, Sachs stated in his deposition that any investment in Russian companies by HIID staff would have been unethical. He also reportedly said that if he had headed HIID earlier and known about Shleifer’s investments in Russia, he would have ended Shleifer’s involvement advising the Russian government...
Harvard defended the work done by HIID to the court...