Via FP Passport,
Somalia hires PricewaterhouseCoopers to manage development funds:
The world's largest accountancy firm has been appointed to allocate international aid in Somalia in an effort to demonstrate to donors that contributions will be spent on national development. PwC will set up money tracking systems to ensure that relief assistance, including $67 million pledged by international donors in April, will be spent on security, health and education instead of being siphoned into officials' pockets.
They have a track record:
The firm has undertaken similar work in Afghanistan and Sudan, and will receive a commission of between two and four percent on all funds that reach their intended destinations.
Who knows whether it will work, but it seems unlikely to make things worse. Maybe if they do a good job, their next assignment can be
closer to home.
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