Word: usaid
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...federal government, which provided $50 million in funding for the project through the U.S. Agency for International Development (USAID), said that Shleifer and Hay had engaged in unethical behavior and breached agreements with the government by investing hundreds of thousands of dollars in Russian companies. The government contends that these companies were directly affected by Shleifer’s and Hay’s advice...
...USAID routinely praised HIID’s efforts, calling the work historic and extremely successful,” Harvard lawyers wrote in a motion submitted to the court. “Now...USAID says that all of HIIDs work in Russia was rendered valueless by a handful of nominal personal investments made by Andrei Shleifer and Jonathan Hay while they were serving as advisors to the Russian government...
...will be a centerpiece of Bush's presentation before the G-8. Africa is a focus of the summit, and Bush has just announced he will visit the continent next year as he prepares a major, 50% increase in the flow of U.S. economic assistance around the world. A USAID spokesman insists internal differences over the money are being resolved amicably and that the agency's role will not be diminished...
...failures of the past are often associated with USAID, the agency through which much of U.S. development assistance is funneled. That grim history is evident in the administration's latest proposal, which calls for more than $10 billion in new foreign aid by the end of fiscal 2006 as part of Bush's so-called "Millennium Challenge Account". The funds will be managed largely by the Treasury and the State Departments, not by USAID. "The agency looks like it is loosing out on new funding, and that is why Natsios has mounted a turf battle," explains an influential congressional staffer...
...their willingness to clean up corruption and promote democracy. For the U.S. to play a major role in NEPAD, however, the Bush administration will need to convince Congress that the money will be well spent. And that pointed proviso, unfortunately for Natsios, could mean a dramatically diminished role for USAID...