On Thursday, November 17, the Office of the Special Inspector General for Afghanistan Reconstruction (SIGAR) will publicly release a review letter entitled "Abandonment of OPIC Projects in Kabul," (SIGAR 17-13-SP). This document is embargoed from public release until 12:01 a.m. on Thursday, November 17, at which time it will be made available to the public on SIGAR's website at www.sigar.mil.
Sen. Chuck Grassley of Iowa made the following comment on the review letter.
“Loans that go to waste and projects that are abandoned don’t do anyone any good. They don’t achieve their goals. With more oversight, the bad loans here possibly could have been prevented, and the loans could have gone to more worthwhile projects. The USAID Office of Inspector General should step up its oversight of Overseas Private Investment Corporation projects to be sure the organization’s loans are achieving their goals, not wasted with little to show for the effort.”
