NSIAD-91-168 Aid to Panama
_--~--~-.-----.“------ ____--. _I --.__ - ._I ____ -_I._- _-.,-.... “I _..._.llll _..l.“l”l.l” .,_“_“_, .._“*,--_ .-.-.- -__“....--- April I!)91 AID “Iy) PANAMA Status of Emergency Assistance to Revitalize the Economy 1111 *i /‘* ,I _ .__,. _ .__.” .__ ._.________.__.__.._,~.~~.._.._I ___.._,.___ __ “_l_ ----- ,i United States General Accounting Office GAO Washington, D.C. 20548 National Security and International APfaira Division B-241864 , April 8,199l The Honorable Robert C. Byrd Chairman, Committee on Appropriations United States Senate The Honorable Claiborne Pell Chairman, Committee on Foreign Relations United States Senate The Honorable Jamie L. Whitten Chairman, Committee on Appropriations House of Representatives The Honorable Dante B. Fascell Chairman, Committee on Foreign Affairs House of Representatives On January 26, 1990, the President requested $600 million in emergency support for the government of Panama to reverse the effects of more than 2 years of U.S. economic sanctions and of the US. military action in December 1989. On May 26,1990, Congress provided $420 million in the Ikre Emergency Supplemental Appropriations Act (P.L. 101-302). The Agency for International Development (AID) allocated these funds to three program areas: economic recovery, private sector reactivation, and development projects. The legislation requires that we report by January 16, 1992, on the effectiveness of this assistance. As requested by your offices, this interim report provides information on the status of the programs and projects underway and being developed. Of the $420 million Congress appropriated to “jump start” the Panama- Results in Brief nian economy, $377.6 million had been obligated by AID as of February 28, 1991.
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