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USAID watchdog warns of lack of oversight of $8.2 bn in unspent aid

Business Standard LogoBusiness Standard9h ago

USAID watchdog warns of lack of oversight of $8.2 bn in unspent aid - Business Standard

Quick Summary:

The US Agency for International Development has lost almost all ability to track $8.2 billion in unspent humanitarian aid after the Trump administration's foreign funding freeze and idling of staff, a government watchdog warned Monday.

The Trump administration on Monday told The Associated Press that it had taken USAID off the lease of the building, which it had occupied for decades.

That includes the agency's greatly reduced ability to ensure no aid falls into the hands of violent extremist groups or goes astray in conflict zones, the watchdog said.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 06:48:37 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 869 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26059482

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Official Website: business-standard.com

Update Frequency: 298 posts per day

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News Last Updated: 3 hours ago

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