Since the Food Security Act of 1985, Congress has authorized the sale of U.S. food aid commodities in developing countries to fund development, referred to as monetization. Following interviews with agency officials, data analysis, and fieldwork, the GAO reported that the U.S. lost nearly $219 million of the $722 million expended on this program over three years due to inefficiency of the monetization process.
New GAO Report Finds Food Aid Monetization is Inefficient
June 27, 2011
