USAID, State Department Mark 3rd Anniversary Of Foreign Aid Transparency And Accountability Act
USAID: Third Anniversary of the Foreign Aid Transparency and Accountability Act
“In the three years since Congress passed the Foreign Aid Transparency and Accountability Act of 2016 (FATAA), the U.S. Agency for International Development (USAID) has made great strides in implementing the law’s provisions. The Act created guidelines related to monitoring and evaluation for U.S. Departments and Agencies that invest foreign-assistance resources, and required them to publish quarterly financial and descriptive data on their programs, to create transparency on where they are directing funds and if programs are meeting their goals…” (11/14).
U.S. Department of State: Three-Year Anniversary of the Foreign Aid Transparency and Accountability Act
“…The law requires U.S. agencies programming foreign assistance to closely monitor and evaluate the extent to which their projects are achieving U.S. policy objectives. Importantly, the law requires these agencies to publish their transactions on ForeignAssistance.gov, giving U.S. decision-makers the foreign assistance data they need to match resources to strategy. Before FATAA, 10 agencies were reporting roughly $115 billion in transactions across available years. Today, there are 21 agencies reporting four times that amount. That difference is important to the Department of State’s vision for U.S. diplomacy. In advancing aid transparency, ForeignAssistance.gov is helping build a data ecosystem to improve Department decision-making…” (11/14).