foreign donations programs - PDF, 101 mb - usaid

a solid food and agriculture base for economic development
while at the same time facilitating future U.S.
commercial exports of grains and other agricultural
commodities to the Ryukyu Islands.
In Ecuador, the sales proceeds from title IV commodities
are helping to finance colonization cooperatives and
community development, land reform and legalization
of land holdings, development of rural settlements, and
technical training,
The Peruvian Government is using part of the title IV
sales proceed-, to finance a colonization project in northern
Peru.
In the Republic of China, title IV sales proceeds have
been made available for loans to various private industrial
development projects.
In Iraq, title IV funds have been made available for
housing loans, road improvement, control of crop diseases
and pests, drilling and maintenance of wells,
tourism development, and loans to agricultural cooperatives.
The Government of Kenya is using sales proceeds to
finance expansion of classrooms and other secondary
technical school and college facilities. Additional funds
will be used for financing range management training
and demonstration programs, housing, and other social
development projects.
Private Trade Sales Agreements
Fia e title IV private trade agreements totaling $45.7
million in export market value (including applicable
ocean transportation costs) were signed during 1965.
Under these agreements the United States will export
more than 23.9 million bushels of feed grains, 2.0 million
bushels of wheat, 8.6 miliion pounds of vegetable oils,
and 22 million pounds of tallow, to private trade entities
in Iran, Spain, and the Republic of China. Of the
$45.7 million to $45.7strated be financed, 82 percent will be repaid
in equal annual installments over a period of 10 years or
less. The interest rates average slightly over 4 percent
per annum.
The largest of the five title IV agreements signed in
1965 is with the Spanish Cooperative for Comnniercialization
of Farm Products (COES). Over the 3-year
supply period covered by the agreement, COES will
import, distribute, and sell 600,000 tons of U.S. feed
grains to its livestock producing members. COES will
use the proceeds to finance the building of 5 feed grain
port, storage, and handling facilities; 4 feed-processing
plants; 7 livestock-fattening centers; 10 slaughterhouses;
4 refrigerated meat distribution facilities; 10 livestock
demonstration farms; and the purchase of vehicles for
marketing feed grains, mixed feeds, and meats. These
facilities will in turn earn revenue that will be used in
repaying dollars to the Commodity Credit Corporation.
In addition to the 600,000 tons of U.S. feed grains to be
imported under credit terms, COES has agreed to make
regular commercial imports during the next three years
of at least 321,000 tons of U.S. feed grains, plus an
additional 134,000 tons of feed grains from free world
sources, including the United States. COES plans to
make substantial imports of U.S. soybean meal and other
feed ingredients, live cattle, and equipment needed in
carrying out its livestock production and marketing
program.
The title IV private trade agreement with the Iranian
Bank of Development and Rural Cooperatives (Bank
Omnran) requires that the Iranian currency proceeds
from the sale of 46,000 metric tons of wheat be used to
expand the Bank's supervised agricultural credit and
cooperative services to more than 11,000 subsistence level
farmers. These farmers, most of whom are producing
truck crops and dairy and livestock products, will now
get production credit on reasonable terms through their
local cooperatives. These additional credit and cooperative
service facilities will lead to an increased use of feed
grains on the part of the livestock producers. In comgan
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bination with the reduction in feed grain import taxes
and inland freight rates discussed above, this should
facilitate development of a commercial market for U.S.
feed grains in Iran, while increasing local living standards
as well.
The flexibility of the private trade program is demonby
the agreement with the Taiwan lDevelopment
Corporation of raipi. This firm win use the proceeds
from the sale of $3 million worth of U.S. corn and
inedibl, tallow to finance the construction of an apartmilnt
coniplex in the suburbs of Taipei to house approximnately
1,000Taiwan families. This will help to alleviate
the acute housing shortage in that rapidly growing capital
city.
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