foreign donations programs - PDF, 101 mb - usaid
foreign donations programs - PDF, 101 mb - usaid
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 />
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