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foreign donations programs - PDF, 101 mb - usaid

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TABLE I.-Authorizations: Titles I and II, the Agricultural Trade Development and Assistance Act of 1954 1<br />

Public Law and Congress Nos. Effective Program period<br />

Authorization 2<br />

Title I Title II<br />

M il. dol. Mil, dol.<br />

480, 83d---------------------- July 10,1954 Through June 30, 1957----------------------------- 700 300<br />

387, 84th---------------------- Au,. 12, 1... ..... do ------------------------------------------ 800<br />

962, 84th---------------------- Aug. 3, 1956 ---- do ------------------------------------------- 1,500 200<br />

128, 85th ---------------------- Aug. 13, 1957 July 1, 1957-June 30, 1958 ------------------------- 1,000 300<br />

931, 85th ---------------------- Sept. 6, 1958 July 1, 1958-Dec. 31, 1959 ------------------------ 2,250<br />

341, 86th---------------------- Sept. 21, 1959 Jan. 1, 1960-Dec. 31, 1961 ------------------------- 3,000 600<br />

28, 87th ----------------------- May 4, 1961 Through Dec. 31, 1961 ----------------------------- 2,000<br />

128, 87th ---------------------- Aug. 8,1961 Jan. 1,1962-Dec. 31, 1964 ------------------------- -4,500 1900<br />

638, 88th ---------------------- Oct. 8, 1964 Jan. 1, 1965-Dec. 31, 1966 -------------------------- 2,700 7800<br />

Total -------------------- -------------- -------------------------------------------------- 18,450 3,100<br />

tAuthorizations under title III and title IV of the Act are not limited by law as to funds or programming periods.<br />

' Dollar limit for appropriation to rei<strong>mb</strong>urse the Commodity Credit Corporation for cost of agricultural commodities shipped tinder<br />

title I transactions, and authorized expenditures for title 11 <strong>programs</strong>.<br />

3 Public Law 540, 84th Congress, approved May 28, 1956.<br />

4 Maximum of 52.5 billion during any one calendar year.<br />

s$300 million each calendar year, plus carryover.<br />

Plus carryover of uncommitted amounts from prior authorizations. Maximum of $2.5 billion during any one calendar year.<br />

S400 million each calendar year, plus carryover.<br />

Since the beginning of the title I program, 433 agreements,<br />

or supplements to agreements, have been signed<br />

with 52 countries. The export market value of conmodities<br />

in these agreements (including ocean transportation)<br />

totals slightly over $10.9 billion. The total<br />

CCC cost, which is a measure of the real investment<br />

made by the United States, is $15.1 billion.<br />

An amendment to Public Law 480 signed October 8,<br />

1964 included a provision eliminating local currency<br />

financing of ocean transportation in U.S. flag vessels.<br />

Now only the differential between U.S. and <strong>foreign</strong> flag<br />

rates is paid by CCC where commodities are required<br />

to be transported in U.S. flag vessels. Recipient<br />

countries are now required to pay out of their own dollar<br />

resources that part of the cost on U.S. flag vessels which<br />

is equivalent to the <strong>foreign</strong> flag rate.<br />

In 1964, ocean transportation charges were approximately<br />

9 percent of total estimated CCC costs; in 1965,<br />

as a result of the new policy this declined to about 7<br />

percent, a dollar outlay spvings to the U.S. Government<br />

of almost $10 million. The year 1965 was a year of<br />

transition from the old to the new financing arrangements.<br />

As the older agreements are closed out in future<br />

years, these dollar savings will increase.<br />

Commodity shipments under title I also declined in<br />

1965 to 11.2 million metric tons from the record high of<br />

14.7 million metric tons reached in the previous year.<br />

Foreign Currency Uses<br />

Title I export operations result in the generation of<br />

<strong>foreign</strong> currencies deposited to the account of the United<br />

States. Public Law 480 authorizes the use of these currencies<br />

for a wide variety of activities including the paywent<br />

of U.S. obligations abroad, the development of<br />

markets for U.S. products, grants for economic developwent,<br />

loans to private enterprise and to <strong>foreign</strong> governments,<br />

various educatio'ial, scientific and public inforination<br />

projects, and goods and services contributing<br />

to the common defense.<br />

Planned uses for the <strong>foreign</strong> currencies generated by<br />

title [ sales followed about the same pattern in 1965 as in<br />

the previous year. Loans to <strong>foreign</strong> governments for<br />

economic development continue to be the largest item<br />

(62 percent of planned uses in 1965 agreements). For<br />

the first time since the beginning of the program no funds<br />

were earmarked in agreements to make grants for economic<br />

development.<br />

13

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