As COVID-19 Response Capacity Loans Languish, DFC Punts GAO’s Questions About It To DOD, HHS

Loan program launched in June 2020 to strengthen domestic supply chains for COVID-19 response was deluged with applications, but has not completed any loans, and the GAO has a good idea why.

GAO report examines COVID response loan program • Source: Alamy

In a dispute that may shed light on the advisability of loan programs for emergency facilities construction, congressional auditors are sparring with an international development agency over who should explain why it has failed so far to issue any loans for domestic COVID-19 pandemic response.

On 29 May 2020, the Defense Department allocated the US International Development Finance Corp., or DFC, $100m of the $1bn...

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