Audit of USAID Guatemalas Management

USAIDOFFICE OF INSPECTOR GENERALAudit of USAID/Romania’s Performance Monitoring for IndicatorsAudit Report No. B-186-01-003-PFebruary 26, 2001Budapest, HungaryU.S. Agency forInternational DevelopmentU.S. AGENCY FOR INTERNATIONAL DEVELOPMENT RIG/BudapestFebruary 26, 2001MEMORANDUMFOR: USAID/Romania Director, Denny F. RobertsonFROM: Dir. of Audit Operations, RIG/Budapest, Nathan S. LokosSUBJECT: Audit of USAID/Romania’s Performance Monitoring forIndicators (Report No. B-186-01-003-P)This memorandum is our report on the subject audit. In finalizing the report,we considered your comments on the draft report. Your comments on thedraft report are included in Appendix II. This report contains six recommendations for your action. Based on theinformation provided by the Mission, management decisions have beenreached on these recommendations. A determination of final action for theserecommendations will be made by the Office of Management Planning andInnovation (M/MPI/MIC) when planned corrective actions are completed.I appreciate the cooperation and courtesy extended to my staff during theaudit. I especially valued the excellent preparatory work your staff did tofacilitate the audit prior to the arrival of the audit team.Background After the collapse of the Soviet Bloc in 1989-91, Romania was left with anobsolete industrial base and a pattern of industrial capacity wholly unsuitedto its needs. In February 1997, Romania embarked on a ...