Wednesday, April 29, 2015

SIGAR: $488 Million at Risk - TFBSO

A recent report by the Special Inspector General for Afghanistan Reconstruction (SIGAR) says that the Department of State (DoS), United States Agency for International Development (USAID), and the Department of Defense's Task Force for Business and Stability Operations (TFBSO) have failed to coordinate and prioritize their extractives activities. This failure has resulted in divergent strategies and poor working relationships - with the end result of creating potential sustainability problems. The Afghan Ministry of Mines and Petroleum (MoMP) still lacks the technical capacity to research, award, and manage new contracts without external support.

Read the SIGAR report here.
Afghanistan's Mineral, Oil, and Gas Industries: Unless U.S. Agencies Act Soon to Sustain Investments Made, $488 Million in Funding is at Risk, SIGAR 15-55 Audit Report, April 2015.

See Wikipedia's webpage for more information about the TFBSO.

Read a news report on this topic by Siobhan O'Grady in The Cable - Foreign Policy, April 28, 2015 - "Afghanistan Watchdog: Poor U.S. Planning Puts $488 Million at Risk".

Learn more about Afghanistan's mineral potential.

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