>>7949225 l.b.
> Natalie Jaresko, Ukraine’s former finance minister,
>now executive director of the Financial Oversight and Management Board for Puerto Rico
Weird how every place she goes, millions and millions of dollars just happen to disappear.
http://johnhelmer.net/meet-and-greet-natalie-jaresko-us-government-employee-ukraine-finance-minister/
The new finance minister of Ukraine, Natalie Jaresko, may have replaced her US citizenship with Ukrainian at the start of this week, but her employer continued to be the US Government, long after she claims she left the State Department. US court and other records reveal that Jaresko has been the co-owner of a management company and Ukrainian investment funds registered in the state of Delaware, dependent for her salary and for investment funds on a $150 million grant from the US Agency for International Development. The US records reveal that according to Jaresko’s former husband, she is culpable in financial misconduct.
The US Government money has come from the US Agency for International Development (USAID). Reports promised by the website on the impact of its funding operations in Ukraine and Moldova between 1997 and 2005 are missing. The financial report for WNISEF for 2003, the first publicly available, reveals that a USAID grant to the fund amounted to $150 million, with a letter of credit commitment of $141.7 million; $113.6 million had been disbursed by the end of 2003. Asset value was dropping that year, while management salaries, business travel and other expenses were rising. The fund was lossmaking — $4.3 million in the red in 2002, $5.1 million lost in 2003.
The latest available report from WNISEF is for 2012. It can be read here. Invested asset value in 2012, though up on 2003, was falling from the year before, 2011. Investment income for 2012 came to $1.2 million, down 43% on the previous year. The management kept helping itself to more pay, but cut business travel. Still, the bottom line was a loss of $6.4 million, compared to a gain in 2011 of $401,662.