Worldwide Waste: How the Government is Using and Losing Your Money Abroad - Part II: Foreign Economic Development

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Serial Number
Levin Center Identifier
Document Date
2017-01-18
Report Length
11 pages
Policy Agendas Project Major Code
Additional, Minority, Dissenting Views
Found Using Methodology
Yes
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Brief Executive Summary
Chairman Rand Paul of the Subcommittee on Federal Spending Oversight from the Senate Committee on Homeland Security and Government Affairs issued a series of waste reports of American foreign expenditure. This is part 2 of 7 cataloging over $3 billion in wasteful spending. This specific volume reports on foreign economic development including ~$153 million in foreign loan guarantees from foreign banks, $3 million in subsidizing foreign textiles, $15 million in training overseas cashiers, ~$24 million in promoting Moroccan job growth, ~$18 million in promoting foreign exports, $1 million in a single hazelnut consultant, $15 million in Palestinian Internships, ~$22 million in Philippine seaweed farming, $65k in Serbian cheese, and ~$300 million in Egyptian Banks.
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