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Inter-American Foundation: Better Compliance With Some Key Procedures Needed - GAO Report
| Date: | Sept. 28, 2000 |
| Report No.: | NSIAD-00-235 |
| Pages: | 42 |
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Subjects:
Summary: Foreign economic assistance Foreign governments Grant monitoring Internal controls Social Progress Trust Fund Economic development Auditing procedures In 1969, the Congress created the Inter-American Foundation, a government corporation, as an experimental agency to provide grants in support of grassroots development in Latin America and the Caribbean. The development included activities in areas such as agriculture and education. Because of concerns about the Foundation's activities and management practices, Congress reduced Foundation appropriations from an average of $21 million a year during the last four years to $5 million in fiscal year 2000. This report: (1) describes the Foundation's procedures for selecting organizations to receive grants, monitoring grantee organizations' compliance with grant agreements, and auditing grantees' use of funds; (2) analyzes the extent of the Foundation's compliance with these procedures; and (3) discusses the extent to which the Foundation provides grants to organizations that also receive financial support form the U.S. Agency for International Development. |
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