foreign donations programs - PDF, 101 mb - usaid

TABLE I.-Authorizations: Titles I and II, the Agricultural Trade Development and Assistance Act of 1954 1
Public Law and Congress Nos. Effective Program period
Authorization 2
Title I Title II
M il. dol. Mil, dol.
480, 83d---------------------- July 10,1954 Through June 30, 1957----------------------------- 700 300
387, 84th---------------------- Au,. 12, 1... ..... do ------------------------------------------ 800
962, 84th---------------------- Aug. 3, 1956 ---- do ------------------------------------------- 1,500 200
128, 85th ---------------------- Aug. 13, 1957 July 1, 1957-June 30, 1958 ------------------------- 1,000 300
931, 85th ---------------------- Sept. 6, 1958 July 1, 1958-Dec. 31, 1959 ------------------------ 2,250
341, 86th---------------------- Sept. 21, 1959 Jan. 1, 1960-Dec. 31, 1961 ------------------------- 3,000 600
28, 87th ----------------------- May 4, 1961 Through Dec. 31, 1961 ----------------------------- 2,000
128, 87th ---------------------- Aug. 8,1961 Jan. 1,1962-Dec. 31, 1964 ------------------------- -4,500 1900
638, 88th ---------------------- Oct. 8, 1964 Jan. 1, 1965-Dec. 31, 1966 -------------------------- 2,700 7800
Total -------------------- -------------- -------------------------------------------------- 18,450 3,100
tAuthorizations under title III and title IV of the Act are not limited by law as to funds or programming periods.
' Dollar limit for appropriation to reimburse the Commodity Credit Corporation for cost of agricultural commodities shipped tinder
title I transactions, and authorized expenditures for title 11 programs.
3 Public Law 540, 84th Congress, approved May 28, 1956.
4 Maximum of 52.5 billion during any one calendar year.
s$300 million each calendar year, plus carryover.
Plus carryover of uncommitted amounts from prior authorizations. Maximum of $2.5 billion during any one calendar year.
S400 million each calendar year, plus carryover.
Since the beginning of the title I program, 433 agreements,
or supplements to agreements, have been signed
with 52 countries. The export market value of conmodities
in these agreements (including ocean transportation)
totals slightly over $10.9 billion. The total
CCC cost, which is a measure of the real investment
made by the United States, is $15.1 billion.
An amendment to Public Law 480 signed October 8,
1964 included a provision eliminating local currency
financing of ocean transportation in U.S. flag vessels.
Now only the differential between U.S. and foreign flag
rates is paid by CCC where commodities are required
to be transported in U.S. flag vessels. Recipient
countries are now required to pay out of their own dollar
resources that part of the cost on U.S. flag vessels which
is equivalent to the foreign flag rate.
In 1964, ocean transportation charges were approximately
9 percent of total estimated CCC costs; in 1965,
as a result of the new policy this declined to about 7
percent, a dollar outlay spvings to the U.S. Government
of almost $10 million. The year 1965 was a year of
transition from the old to the new financing arrangements.
As the older agreements are closed out in future
years, these dollar savings will increase.
Commodity shipments under title I also declined in
1965 to 11.2 million metric tons from the record high of
14.7 million metric tons reached in the previous year.
Foreign Currency Uses
Title I export operations result in the generation of
foreign currencies deposited to the account of the United
States. Public Law 480 authorizes the use of these currencies
for a wide variety of activities including the paywent
of U.S. obligations abroad, the development of
markets for U.S. products, grants for economic developwent,
loans to private enterprise and to foreign governments,
various educatio'ial, scientific and public inforination
projects, and goods and services contributing
to the common defense.
Planned uses for the foreign currencies generated by
title [ sales followed about the same pattern in 1965 as in
the previous year. Loans to foreign governments for
economic development continue to be the largest item
(62 percent of planned uses in 1965 agreements). For
the first time since the beginning of the program no funds
were earmarked in agreements to make grants for economic
development.
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