Audit of USAID/Georgia's Economic Prosperity Initiative
USAID/Georgia approve a method for attributing to economic governance interventions progress toward project goals and modify the contract as necessary to enable the method to be implemented.
USAID/Georgia issue in writing guidance on project design incorporating into contracts measures of success tailored to the feasibility of performance data collection and attribution for each project component.
USAID/Georgia develop a written strategy for strengthening property rights that incorporates the full range of activities described on page 12 of the contract.
USAID/Georgia establish a mechanism to bring Government of Georgia agencies together to prioritize interventions under the Economic Prosperity Initiative's economic governance component.
USAID/Georgia approve in writing quantitative performance targets for all market sectors in which it measures productivity and employment increases attributable to the Economic Prosperity Initiative.
USAID/Georgia modify the contract to replace "USAID-approved semi-annual targets" with "USAID-approved targets set at the appropriate frequency for each market sector in which USAID measures productivity and employment increases attributable to the Economic Prosperity Initiative."
USAID/Georgia modify the contract to clarify whether the contractor may count investment commitments toward the contract's $500 million foreign investment target, and may count import substitution and increased tourism occurring in Georgia toward the contract's $150 million exports target.
USAID/Georgia modify the contract provision on page 9 to clarify that the contractor is required to track each high-level goal by the targeted market sectors or components that can contribute to it.
USAID/Georgia modify the contract provision on page 26 to clarify that the contractor can collect and submit performance indicator data to USAID/Georgia annually, if the mission agrees in writing that data cannot practically be collected and submitted twice during the fiscal year.
USAID/Georgia modify the contract to either clarify or remove the requirement on page 10 that the contractor quantify the expected change in each identified World Economic Forum indicator throughout the project and as of project completion.
USAID/Georgia extend by 6 months deadlines for achieving contract benchmarks for revenue increases in the Economic Prosperity Initiative's agricultural and nonagricultural private sector components.
USAID/Georgia make a written determination as to whether "(primarily 5 hectares and more)" in the first bulleted benchmark on page 16 of the contract is feasible and, if not, delete it from the benchmark.
USAID/Georgia either modify the contract, if it determines that current contract requirements for calculating project overhead rates are incorrect, or determine to what extent it overpaid the contractor in noncompliance with the contract and recover any overpayment.