Skip to main content

U.S. International Development Finance Corporation

Jump To:

Recent Reports

View More Reports

Open Recommendations (1 total)

U.S. International Development Finance Corporation: Actions Needed to Improve Management of Defense Production Act Loan Program

GAO-22-104511
Show
1 Open Recommendations
Agency Affected Recommendation Status
U.S. International Development Finance Corporation The CEO of DFC, in consultation with the Under Secretary of Defense for Acquisition and Sustainment, should develop a plan to evaluate the overall effectiveness of the DPA Loan Program in achieving the program's goals, taking into account lessons learned from its operation so far. (Recommendation 1)
Open
DFC did not concur with the recommendation. In May 2022, DFC stated that it continued to agree that evaluating the effectiveness of the program is important. However, DFC said it was not best positioned to make such an evaluation, instead asserting DOD and HHS were better positioned to do so. Nonetheless, DFC officials told us DFC was using informal conversations to share lessons learned from the DPA Loan Program with relevant agencies. As of October 2024, DFC reported no additional actions to implement the recommendation. GAO continues to believe this recommendation is valid and we will continue to monitor DFC's actions in response to this recommendation.
View More Recommendations