Word: hiid
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While the decline of the scandal-plagued Harvard Institute for International Development (HIID) has been much in the public eye, another University center focusing on developing countries has been quietly building its courses, its programs--and its capital...
From its beginnings, CID has garnered unprecedented support from the international community, as well as the backing of both HIID and the Kennedy School of Government...
...HIID transferred $10 million of its endowment to CID when the center was created. Academic superstar--and then-HIID head--Jeffrey D. Sachs '76, Stone professor of international trade, was selected to head the new research-oriented center...
...center is not waiting until its endowment is fat enough to sustain it on its own. Rather, the money that is being brought in from the first donors is getting spent on current projects. CID is also using money from its allotted portion of HIID's endowment. Now that the University is distributing different HIID programs among the graduate schools, it is likely that some will be absorbed and restructured by the School of Public Health and KSG. Sievers says she does not know whether any more of HIID's endowment will then be apportioned...
...HIID has been the target of national media attention over the past few years as a result of a U.S. Justice Department investigation into a project in Russia. Two HIID team members there were accused of using their knowledge of and connections to the Russian economy to aid private investors...