Word: usaid
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...federally-funded U.S. Agency for International Development (USAID)-- which provided HIID with a $57.7 million grantto work in Russia--accused Hay and Shleifer ofwrongdoing in a letter sent to Harvard on May 20,1997. USAID wrote that Shleifer and Hay had abused"the trust of the United States Government byusing personal relationships, on occasion, forprivate gain...
...USAID claimed an investigation into the Russiaproject showed that Hay, employed by Harvard asHIID's general director in Moscow, used governmentresources to further the investments of Shleifer'swife, Nancy Zimmerman. Hay allegedly did so withthe knowledge and approval of Shleifer, HIID'sproject director at the institute's home office inCambridge...
...also bought Russian government bonds andprofited personally from them, USAID alleged inthe letter. Hay's girlfriend, Elizabeth Hebert,has also been implicated in some reports...
...USAID suspended the last $14 million of the$57.7 million grant to HIID in late May 1997, andthe agency continued its investigation of the twomen and the institute...
...famine zones, the bombing of relief centers and denial of access to relief supplies. These abuses have made the relief efforts in the country more difficult and dangerous. Last fall there was no possible way to predict the series of events that led to this tragic famine. USAID is the world's largest donor to relief efforts in Sudan, providing more than $75 million so far in 1998 alone. But, ultimately, only a comprehensive peace that allows for equality and religious freedom for all people will end the suffering of the Sudanese. J. BRIAN ATWOOD, Administrator U.S. Agency for International...