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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Foreign Assistance: U.S. Efforts to Spur Panama's Economy Through Cash Transfers: NSIAD-93-56

Foreign Assistance: U.S. Efforts to Spur Panama's Economy Through Cash Transfers: NSIAD-93-56

U. S. Government Accountability Office (G

Paperback

General Political Science

ISBN10: 1289228825
ISBN13: 9781289228828
Publisher: Bibliogov
Published: Jul 22 2013
Pages: 66
Weight: 0.30
Height: 0.14 Width: 7.44 Depth: 9.69
Language: English
GAO provided information on economic aid to Panama, focusing on cash grant programs implemented pursuant to the Dire Emergency Supplemental Appropriation Act.
GAO found that: (1) the Agency for International Development (AID) has not justified the size and composition of Panama's economic aid package with sufficient documentation; (2) although AID believes that the economic assistance program has been a success, the Panamanian economy began recovery before U.S. economic assistance was introduced; (3) AID could not determine the impact of private- and public-sector programs on the Panamanian economy, standard of living, debt, and unemployment due to unspecified target areas, delays in program implementation, and the lack of implementation guidelines; (4) Panama's economy began to recover once political and economic burdens were removed; (5) Panama's gross domestic product was restored to nearly pre-1987 levels and grew by about 9.3 percent in 1991 despite delays in cash grant program implementation; (6) AID needed to thoroughly analyze targeted countries' economies, set economic reform conditions, and withhold funds until conditions were met before providing assistance; and (7) AID assistance could have been effective if private-sector reactivation funds were disbursed after economic reforms were implemented.

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