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Since 2008, various U.S. government agencies have constructed or procured nearly $7.8 billion in capital assets in Afghanistan. Of that, the Special Inspector General for Afghanistan Reconstruction (SIGAR) found that around 30 percent ($2.4 billion) of the assets were unused or abandoned, had not been used for their intended purposes, had deteriorated, or were destroyed; around 15 percent ($1.2 billion) were being used as intended and a paltry 4 percent ($343.2 million) of the assets were being maintained in good condition. The status of the rest is unclear, as SIGAR notes it has been unable to determine the status of various assets when the relevant reports were published.
Combining Purpose and Profit to Improve Education in Africa
Darden School alumnus Chinesom Ejiasa (MBA ’09) remembers the feeling of unease watching his father and mother work endlessly to support extended family in Nigeria who didn’t have nearly the economic opportunities to support themselves.
Ejiasa’s parents immigrated to the United States in the 1970s after the Biafran War, with support from the Nigerian government due to his father’s status as a top academic student. Ejiasa identifies as “a dual-culture kid.” He grew up in Denver, Colorado, but his Nigerian heritage heavily influenced his life’s perspective and affinities. The path he has followed to the present is deeply influenced by his dichotomous upbringing.
U S Spent $7 8 Billion on Cars, Buildings in Afghanistan—Most Fell Into Disrepair msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
‘Reducing bureaucratic restrictions can be welcoming for impact investment’
March 01, 2021
Ajay Rao, Regional Managing Director for South Asia, US International Development Finance Corporation (DFC)×
In an exclusive interview with BusinessLine, Ajay Rao, Regional Managing Director for South Asia, DFC shares his views on impact investment in India, challenges and opportunities.
US International Development Finance Corporation (DFC), the US government’s development finance institution, has been partnering with the private sector to finance solutions to the most critical challenges facing the developing world. In India, DFC has an outstanding portfolio of over $2.5 billion across 50 projects including commitments in renewable energy, financial services and impact investments in agribusiness and healthcare.