Word: usaid
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Dates: during 1990-1999
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HIID's project, which involves four key steps, was originally granted $57 million by USAID. Three of these steps are nearly completed: assistance in the privatization of state-owned enterprises, the development of a of a commercial law center and support to capital markets, involving such projects as the establishment of a security secretariat...
...USAID had informed HIID that its funding was limited, and that "over time they needed o find ways that they could be self-sustaining...
...USAID officials say Zimmerman, as well as Hay, allegedly used HIID resources for personal reasons...
Pressley, who said Friday in an interview that he did not know any of the specifics about ILBE-Consulting until recently, said that USAID has not yet finalized the results of its investigation...
Pressley said that USAID's funding of other HIID projects would continue...