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foreign donations programs - PDF, 101 mb - usaid

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TABLE VII.-Status of <strong>foreign</strong> currencies under title I, Public Law 480-Continued<br />

Agreement<br />

Collections through<br />

June 30, 19651<br />

Disbursements<br />

by<br />

Agreements amounts<br />

through<br />

June 30, 1965 Sales Other<br />

agencies<br />

through June<br />

30, 1965 3<br />

proceeds proceeds 2<br />

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

equivalent equivalent equivalent equivalent<br />

Mexico ---------------------------------------------------- 25.2 25.2 5.5 31.5<br />

Morocco--------------------------------------------------- 37.5 20.3 1.3 19.5<br />

Nepal--------------------------------------------------------- -------------- -------------- .1 1.0<br />

Netherlands------------------------------------------------. 2 .3 - 6.5<br />

Nicaragua----------------------------------------------------------------------------- -------------- ()<br />

Nigeria------------------------------------------------------­------------------------------- -------- - .7<br />

Norway--------------------------------------------------- -------------- -------------- --------------- 1.0<br />

Pakistan--------------------------------------------------- 1,038.3 876.5 26.0 772.4<br />

Pa n a m a . . . . . . . . . . . . . . . . . . . . . .- .2<br />

Paraguay -------------------------------------------------- 16.5 16.0 .5 8.7<br />

Peru------------------------------------------------------ 41.5 40.0 2.1 31.6<br />

Philippines------------------------------------------------- 58.6 44.5 .4 31.3<br />

Poland ---------------------------------------------------- 519.6 519.6 ............. 17.6<br />

Portugal --------------------------------------------------- 7.1 7.1 7.8<br />

Senegal --------------------------------------------------- 2.7 2.7 .7<br />

Sierra Leone.-- .2<br />

Singapore--------------------------------------------------- -------------- -------------- ----------- )<br />

S o u t h A fri c a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . ... . . . . . . . . . . . . .. . . . . . . . . . . . . . .. 3<br />

Spain ----------------------------------------------------- 488.0 488.0 14.7 413.6<br />

Sudan----------------------------------------------------- 23.8 19.6 (1) 5.6<br />

Sweden --------------------------------------------------------------------------------------------- 1.9<br />

Switzerland ----------------------------------- --------- ------------------------------------------ 10.7<br />

Syrian Arab Republic --------------------------------------- 34.9 34.9 .3 18.6<br />

Thailand-------------------------------------------------- 4.3 4.3 .3 5.8<br />

Tunisia---------------------------------------------------- 51.9 41.2 .5 24.3<br />

Turkey---------------------------------------------------- 525.3 464.8 18.8 402.8<br />

United Arab Republic--------------------------------------- 804.2 719.7 26.7 474.3<br />

United Kingdom -------------------------------------------- 48.5 48.5 -------------- 49.5<br />

Uruguay--------------------------------------------------- 36.1 36.2 2.5 20.7<br />

Venezuela------------------------------------------------- --------------.-----------------------------. 7<br />

Vietnam --------------------------------------------------- 196.2 129.8 (2) 113.3<br />

Yugoslavia------------------------------------------------- 605.7 619.8 27.5 376.5<br />

Total------------------------------------------------ 10,504.4 9,287.1 285.4 6,562.9<br />

I Calcui. _d at the collection rates of exchange.<br />

2 Public Law 480, 104 (e) and (g) loan interest and repayment of principal and proceeds from sales of 104(d) commodities.<br />

Prior to July 1, 1961, disbursements under sees. 104 (c), (d), and (e) grants were calculated at collection rates; sec. 104(f) sales at<br />

current Treasury selling rates; sec. 104(g) loans at loan agreement rates; secs. 104 (a), (b), (e) loans, (h) through (r) at the weighted<br />

average rates at the end of the month in which transfers were made to agency accounts for the balances remaining in the accounts. Subsequent<br />

to June 30, 1961, disbursements under sees. 104 (a) through (r) are calculated at either the current Treasury selling rates or the<br />

end of quarter market rates.<br />

4Disbursements were made in some countries with which there were no title I agreements. In other countries, disbursements exceeded<br />

collections of <strong>foreign</strong> currencies. This is the result of conversions of currencies under sec. 104(a) of Public Law 480. This section requires<br />

that sales agreements shall provide that not less than 2 % of the <strong>foreign</strong> currency proceeds shall be convertible for use for market developbent<br />

in countries offering a reasonable potential of becoming dollar customers.<br />

5 Less than $50,000.<br />

29

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