Special Audit of PetroCaribe Fund Management: Management of Fund-Financed Projects, Report 2 (May 2019)
Summary: The court's second report on the PetroCaribe fund, published in May 2019 and running to six hundred and four pages. It extends the examination to further projects and contracting institutions, and challenges the conduct of several firms and public officials. With this one the corpus holds all three reports in the series.
Key Findings
- The May 2019 report is the second CSCCA report responding to the Senate Assembly resolution of 1 February 2018 on PetroCaribe fund managers.
- CSCCA states that Reports 1 and 2 together audited 75 percent of the total amounts voted by resolutions and transferred by BMPAD to sector institutions.
- The audit period is September 2008 to September 2016, while governance of the fund and Haiti's debt to Venezuela are explicitly left for a later report.
- The Court applied the same objectives and methodology as the 31 January 2019 report, reviewing BMPAD resolutions, BRH and BNC bank transfers, ministry and autonomous-body projects, contracts and MEF disbursements.
- The report covers projects handled by MTPTC, MPCE, MARNDR, UCLBP, MSPP, FAES, MTIC, CSCCA, the Chamber of Deputies and the Senate, among others.
- Sample findings cite procurement and contract-management problems, including a 4.786725 million US dollar selection issue, a startup advance above the 30 percent threshold and penalties linked to works delays or execution problems.
Full Description
The court's second report on the PetroCaribe fund, published in May 2019 and running to six hundred and four pages. It extends the examination to further projects and contracting institutions, and challenges the conduct of several firms and public officials. With this one the corpus holds all three reports in the series.
How to cite
Superior Court of Accounts and Administrative Disputes (CSCCA), Special Audit of PetroCaribe Fund Management: Management of Fund-Financed Projects, Report 2 (May 2019), https://cscca.gouv.ht/