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February 18, 2004
An Entreprise Fund
Informed sources tell me that influential staff in the MEPI are going to opt for an entreprise fund, over a regional private equity fund model. This is a stupid decision. A large pot of USG money, admined from Washington to do 'entreprise grants' in a region they are not well-connected with, do not have on the ground business intelligence, and for which the bureaucrats in charge really do not have a direct risk involved. Risk is discipline.
This is a perfect way to piss away a rather large number of millions. Morons.
Posted by The Lounsbury at February 18, 2004 09:10 PM
Filed Under:
Biz - Private in MENA
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Business
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Economics
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Jan-Jul 2004
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MENA Region General
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Politics - US FP
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