Thursday, October 31, 2013

The Afghan Money Pit: How Millions of Dollars Were Wasted --- The war in Afghanistan is transitioning to its endgame. But the drawdown hasn’t stopped the billions in U.S. aid flowing into the country, and after 12 years of spending on this scale, we’re still losing money—hundreds of millions unaccounted for—almost as fast as we can write the next check. The spotty oversight of U.S. aid to Afghan forces is now set to get even worse as the main auditing group is in the country is about to have its presence dramatically reduced. -- A series of recent reports detailing the loss of hundreds of millions of dollars spent on the U.S. cornerstone efforts—some of it gone to waste, corruption, and misallocation, the rest simply missing and unaccounted for—offer a troubling picture of the return on U.S. investments and underscore how deeply the key Afghan institutions still rely on U.S. funding for daily operations. -- The Special Inspector General for Afghanistan Reconstruction (SIGAR), an independent agency created by Congress to monitor U.S. spending in Afghanistan, has detailed the money wasted in the Afghan supply process in a series of audits focused on procurement of fuel and vehicle parts for Afghan security forces. --- As of March 2013, the U.S. has spent (PDF) about $54 billion funding security forces in Afghanistan and $92 billion on reconstruction, agriculture, and other development projects, according to a SIGAR report. - More, Daily Beast

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