Criticism
The Finnish government has been reported as believing that it has been misled into financing the agency. It believed it was helping developing countries but, following an evaluation of AITIC's activities in February 2008, the donor countries discovered that the organisation had merely recruited rich nations as members and had predominantly spent the money on seminars and cocktail parties.
Another criticism of the agency stems from the fact that according to AITIC's most recent annual report, in excess of two thirds of the donor-funded budget is allocated to staff salaries.
As of 2009, AITIC appears to have lost the bulk of its funding, retaining only three donors, who have committed only to two years of funding.
Read more about this topic: Agency For International Trade Information And Cooperation
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