| Description |
1 online resource (ii, 42 pages) : illustrations |
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text txt rdacontent |
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computer c rdamedia |
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online resource cr rdacarrier |
| Note |
"November 2021." |
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"GAO-22-104511." |
| Bibliography |
Includes bibliographical references. |
| Contents |
Background. -- DFC and DOD did not complete any loans in the first year of the DPA program and lack plans to evaluate the program's effectiveness. -- DFC did not fully assess the risks that DPA activities pose to its international developent mission, but assessed risk in Fiscal Year 2021. -- DFC has not developed acounting methodologies to track all the eligible costs of the DPA loan program or submitted timely and complete invoices. -- Conclusions. -- Recommendations for executive action. -- Agency comments and our response. -- Appendices. |
| Summary |
DFC, the U.S. government's international development finance institution, began operations in December 2019. In June 2020, DFC and DOD started using certain DPA authorities to conduct a 2-year domestic loan program to respond to the COVID-19 pandemic and strengthen relevant U.S. supply chains, under the President's Executive Order 13922. Members of Congress have expressed concern about DFC's ability to manage DPA activities along with its international development mission. This report examines the extent to which DFC has (1) made loans that contributed to the pandemic response and planned to assess program effectiveness; (2) assessed and responded to the organizational risks of carrying out DPA activities along with its international development responsibilities; and (3) implemented internal controls to ensure full accounting of its DPA costs for DOD reimbursement. GAO is recommending that DFC, in consultation with DOD, develop a plan to evaluate the DPA Loan Program's effectiveness; and that DFC complete its methodologies for accounting for all reimbursable DPA program costs. |
| Note |
Description based on online resource; title from PDF cover page (GAO, viewed on Jan. 26, 2022). |
| Subject |
U.S. International Development Finance Corporation -- Management.
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United States. Department of Defense -- Management.
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U.S. International Development Finance Corporation -- Auditing -- Evaluation.
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United States. Department of Defense. (OCoLC)fst01852447
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COVID-19 (Disease) -- Prevention -- Finance -- Evaluation.
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Emergency management -- United States -- Finance -- Evaluation.
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Gestion des situations d'urgence -- États-Unis -- Finances -- Évaluation.
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Auditing -- Evaluation. (OCoLC)fst00821174
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Management. (OCoLC)fst01007141
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United States. (OCoLC)fst01204155 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq
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| Added Title |
Actions needed to improve management of Defense Production Act loan program |
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United States International Development Finance Corporation : actions needed to improve management of Defense Production Act loan program |
| Running Title |
DFC DPA Activities |
| Gpo Item No. |
0546-D (online) |
| Sudoc No. |
GA 1.13:GAO-22-104511 |
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