INTERNATIONAL DEVELOPMENT ASSISTANCE

[Appendix, Budget of the United States Government, Fiscal Year 1998]
[Page 78-101]

Multilateral Assistance

Federal Funds

General and special funds:

International Financial Institutions

contribution to the international bank for reconstruction and
development

For payment to the International Bank for Reconstruction and
Development by the Secretary of the Treasury, for the United States

[[Page 79]]

contribution to the Global Environment Facility (GEF), [$35,000,000]
$100,000,000, to remain available until [September 30, 1998] expended.
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0077-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Paid in capital................... 28
00.02 Global environment trust fund..... 35 35 100
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 63 35 100
----------------------------------------------------------------------------

Budgetary resources available for obligation:
Unobligated balance available, start of year:

21.40 Appropriation................... 1,948 1,948 1,948
21.47 Authority to borrow............. 5,715 5,715 5,715
--------- --------- ----------
21.99 Total unobligated balance,
start of year............... 7,663 7,663 7,663
22.00 New budget authority (gross)...... 63 35 100
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 7,726 7,698 7,763
23.95 New obligations................... -63 -35 -100
Unobligated balance available, end of year:

24.40 Appropriation................... 1,948 1,948 1,948
24.47 Authority to borrow............. 5,715 5,715 5,715
--------- --------- ----------
24.99 Total unobligated balance, end
of year....................... 7,663 7,663 7,663
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 63 35 100
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 153 190 171
73.10 New obligations................... 63 35 100
73.20 Total outlays (gross)............. -26 -54 -42
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 190 171 229
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 3 3 9
86.93 Outlays from current balances..... 23 51 33
--------- --------- ----------
87.00 Total outlays (gross)........... 26 54 42
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 63 35 100
90.00 Outlays........................... 26 54 42
---------------------------------------------------------------------------

The International Bank for Reconstruction and Development (World
Bank) finances development projects in less developed countries. By
applying banking principles to the achievement of development goals, it
promotes increased economic productivity and helps developing economies
meet more of the basic needs of their people.

The IBRD also plays a vital role in providing policy advice to
borrowing countries, assisting in donor coordination and promoting co-
financing.

The IBRD made new commitments of $14.7 billion during its 1996
fiscal year; IBRD gross disbursements were $13.4 billion. Since its 1945
establishment, the IBRD has made loans totalling $280 billion. $140 for
every $1 of U.S. paid in capital.

Full funding of capital subscriptions for the U.S. share of a $74.8
billion general capital increase has been provided by 1989-96
appropriations.

The Global Environment Facility (GEF) is the world's leading
institution for protecting the global environment and avoiding economic
disruption from climate change, depletion of the ozone layer, extinction
of species, and damage to water ecosystems populations. Through its
leadership role on the GEF Council as a major donor, the United States
has succeeded in establishing a detailed GEF Operational Strategy that
focuses available resources on a cost-effective mixture of long- and
short-term responses to these global environmental problems. Operated by
an independent Secretariat, the GEF coordinates work implemented through
the World Bank, the United Nations Development Programme, and the United
Nations Environment Programme. GEF programs place emphasis on strong
local participation to ensure successful implementation of projects, and
it works to mainstream environmental protection in the economic
development plans of developing countries. Following U.S. strategic
guidance, the GEF will have prepared a workplan in May 1997 that brings
total cumulative commitments to over $1.7 billion (including workplan
approvals that later require a final approval).

GEF participation forms the main pillar of U.S. influence in ongoing
international negotiations on environment, especially the Framework
Convention on Climate Change and Convention on Biological Diversity. The
GEF induces increased environmental protection by the developing
countries that pose the biggest long-term threat to the global
environment. Also, the GEF is the pioneer in harnessing private capital
flows for investment in environmentally sound development.

The FY 1998 request consists of $100 million for the last of four
U.S. installments to the $2 billion replenishment of the GEF.

<F-dash>

contribution to the international development association

For payment to the International Development Association by the
Secretary of the Treasury, [$700,000,000,] $1,034,504,000, to remain
available until expended, of which $234,504,000 is for the United States
contribution to the tenth replenishment, and $800,000,000 is for the
United States contribution to the eleventh replenishment. [to remain
available until expended: Provided, That none of the funds may be
obligated before March 1, 1997: Provided further, That not less than
twenty days before such funds are obligated, the Secretary of the
Treasury shall submit a report to the Committees on Appropriations on
his efforts to reach agreement with the other IDA-11 donors, including
at the February 1997 IDA-11 donors review meeting, that the procurement
restrictions in the Interim Trust Fund will be lifted.] (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0073-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 710 700 1,035
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 10
22.00 New budget authority (gross)...... 700 700 1,035
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 710 700 1,035
23.95 New obligations................... -710 -700 -1,035
24.40 Unobligated balance available, end
of year: Uninvested balance.....
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 700 700 1,035
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 3,752 3,282 2,843
73.10 New obligations................... 710 700 1,035
73.20 Total outlays (gross)............. -1,180 -1,139 -1,057
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 3,282 2,843 2,821
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 65 64 79
86.93 Outlays from current balances..... 1,115 1,075 978
--------- --------- ----------
87.00 Total outlays (gross)........... 1,180 1,139 1,057
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 700 700 1,035
90.00 Outlays........................... 1,180 1,139 1,057
---------------------------------------------------------------------------

[[Page 80]]

The International Development Association (IDA), a member of the
World Bank Group, provides development financing on highly concessional
terms to the world's poorest and least creditworthy nations. These
countries are primarily in Sub-Saharan Africa and South Asia, but also
in Latin America, Eastern Europe, and the former Soviet Union. IDA
places special emphasis on poverty alleviation, environmental
protection, and economic reform and growth. IDA is the largest source of
multilateral lending that is extended on concessional terms to
developing countries. Projects have to meet the same economic,
financial, and environmental standards as other World Bank projects.

During its fiscal year 1995, IDA made new commitments of $6.9
billion; IDA's gross disbursements were $5.9 billion. Since its
establishment, IDA has made commitments totalling $96.9 billion (as of
June 30, 1996).

The Tenth Replenishment of IDA provides donor country resources of
about $18 billion. The United States pledged $3.75 billion (20.86
percent share of all donor contributions) to the replenishment. The
eleventh replenishment of IDA will provide total resources for new loan
commitments of about $22 billion over three years, 1997-1999. The United
States elected not to participate in FY 1997, the first year of the
three-year replenishment. The United States pledged $1.6 billion for the
last two years of the replenishment (15 percent of total donor
contributions). The 1998 request of $1,034.5 million consists of $234.5
million to clear unmet U.S. commitments and $800 million for the United
States contribution to the eleventh replenishment.

<F-dash>

[contribution to the international finance corporation]

[For payment to the International Finance Corporation by the
Secretary of the Treasury, $6,656,000, for the United States share of
the increase in subscriptions to capital stock, to remain available
until expended.] (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0078-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 61 7
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 61 7
23.95 New obligations................... -61 -7
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 61 7
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 81 90 36
73.10 New obligations................... 61 7
73.20 Total outlays (gross)............. -53 -60 -33
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 90 36 3
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 5 1
86.93 Outlays from current balances..... 48 59 33
--------- --------- ----------
87.00 Total outlays (gross)........... 53 60 33
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 61 7
90.00 Outlays........................... 53 60 33
---------------------------------------------------------------------------

The International Finance Corporation (IFC), a member of the World
Bank Group, was established in 1956 to further economic development by
encouraging the growth of private enterprise in developing countries.
IFC provides and mobilizes loans and equity investments for promising
ventures, and provides technical assistance. The IFC is now playing an
important role in the former Soviet Union and Eastern Europe's
transition to free markets and private enterprise, due to the IFC's
special expertise in foreign investment, capital markets development,
and privatization.

During World Bank FY 1996 the Corporation approved 264 new
investments totalling $8.1 billion and net investments for the IFC's own
account were $3.2 billion. IFC's committed loan and equity portfolio
(for its own account) was $9.8 billion as of June 30, 1996.

<F-dash>

contribution to multilateral investment guarantee agency

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0084-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 22 22 22
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 22 22 22
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

The Multilateral Investment Guarantee Agency (MIGA) is an
international development institution affiliated with the World Bank
Group. MIGA is designed to encourage the flow of foreign private
investment to and among developing countries by: (1) issuing guarantees
against noncommercial risks and (2) carrying out a wide range of
investment promotion activities. Authorization and full funding of U.S.
membership was provided in 1988.

During World Bank FY 1996, the MIGA issued 68 guarantees, with a
maximum contingent liability of $862 million, to facilitate aggregate
direct investment of $6.6 billion. There are no claims pending against
MIGA.

<F-dash>

contribution to the inter-american development bank

For payment to the Inter-American Development Bank by the Secretary
of the Treasury, for the United States share of the paid-in share
portion of the increase in capital stock, $25,610,667, and for the
United States share of the increase in the resources of the Fund for
Special Operations, [$10,000,000,] $20,835,000, to remain available
until expended.

limitation on callable capital subscriptions

The United States Governor of the Inter-American Development Bank
may subscribe without fiscal year limitation to the callable capital
portion of the United States share of such capital stock in an amount
not to exceed $1,503,718,910. (Foreign Operations, Export Financing, and
Related Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0072-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Paid-in capital................... 26 26 26
00.02 Fund for Special Operations....... 10 10 21
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 36 36 46
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 3,798 3,798 3,798
22.00 New budget authority (gross)...... 36 36 46
--------- --------- ----------

[[Page 81]]

23.90 Total budgetary resources
available for obligation...... 3,834 3,834 3,844
23.95 New obligations................... -36 -36 -46
24.40 Unobligated balance available, end
of year: Uninvested balance..... 3,798 3,798 3,798
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 36 36 46
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 271 186 121
73.10 New obligations................... 36 36 46
73.20 Total outlays (gross)............. -121 -101 -72
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 186 121 95
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 8 7 7
86.93 Outlays from current balances..... 113 94 65
--------- --------- ----------
87.00 Total outlays (gross)........... 121 101 72
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 36 36 46
90.00 Outlays........................... 121 101 72
---------------------------------------------------------------------------

The Inter-American Development Bank (IDB) promotes the economic and
social development of Latin America and the Caribbean through loans and
technical assistance. Since its inception in 1960, the Bank has lent
over $84.6 billion.

The Bank lends money through: (1) the Ordinary Capital window that
lends at market-based rates; and (2) the Fund for Special Operations
(FSO) which makes loans on concessional terms to the region's poorest
nations.

The 1998 request includes: (1) budget authority of $25.6 million for
paid-in capital subscriptions and $1,503.7 million in program
limitations for callable capital subscriptions for payments on the U.S.
contribution to the IDB's eighth general capital increase; and (2)
budget authority of $20.8 million for the U.S. payment to the Eighth
Replenishment of the FSO.

<F-dash>

contribution to the asian development bank

For payment to the Asian Development Bank by the Secretary of the
Treasury for the United States share of the paid-in portion of the
increase in capital stock, $13,221,596, to remain available until
expended.

limitation on callable capital subscriptions

The United States Governor of the Asian Development Bank may
subscribe without fiscal year limitation to the callable capital portion
of the United States share of such capital stock in an amount not to
exceed $647,858,204.

contribution to the asian development fund

For the United States contribution by the Secretary of the Treasury
to the increases in resources of the Asian Development Fund, as
authorized by the Asian Development Bank Act, as amended (Public
Law 89-369), [$100,000,000], $150,000,000 to remain available until
expended. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0076-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Paid-in capital................... 13 13 13
00.02 Asian development fund............ 100 100 150
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 113 113 163
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 748 748 748
22.00 New budget authority (gross)...... 113 113 163
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 861 861 911
23.95 New obligations................... -113 -113 -163
24.40 Unobligated balance available, end
of year: Uninvested balance..... 748 748 748
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 113 113 163
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 744 741 729
73.10 New obligations................... 113 113 163
73.20 Total outlays (gross)............. -116 -125 -126
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 741 729 766
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 8 4 5
86.93 Outlays from current balances..... 108 121 121
--------- --------- ----------
87.00 Total outlays (gross)........... 116 125 126
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 113 113 163
90.00 Outlays........................... 116 125 126
---------------------------------------------------------------------------

The Asian Development Bank fosters sustainable economic development,
poverty alleviation, and cooperation in the Asia/Pacific region. The
Bank lends at market-based rates through its ordinary capital window,
and on highly concessional terms to the region's poorer nations through
the Asian Development Fund (ADF). In 1995, the Bank lent $4.0 billion of
its ordinary capital resources and extended loans and grants of $1.5
billion from its ADF resources for development projects. Since its
founding in 1966, the ADB has loaned over $39.2 billion and the ADF has
loaned over $17.5 billion. The Bank has made cumulative equity
investments of $354 million.

The 1998 request includes: (1) budget authority of $13.2 million for
paid-in capital subscriptions and $647.9 million in program limitations
for callable capital subscriptions for the third of six installments on
the U.S. subscription to the ADB's fourth general capital increase; and
(2) $150 million in budget authority to participate in the sixth
replenishment of ADF resources, and to partially clear outstanding unmet
commitments on the U.S. share of the $4.2 billion fifth replenishment of
ADF resources.

<F-dash>

contribution to the african development fund

For the United States contribution by the Secretary
of the Treasury to the increase in resources of the African
Fund, $50,000,000, to remain available until expended. (P.L.
103-306, section 526c.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0079-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.02 African development fund.......... 50
--------- --------- ----------
10.00 Total obligations (object class
33.0)......................... 50
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 50
23.95 New obligations................... -50
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 50
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 492 420 357
73.10 New obligations................... 50
73.20 Total outlays (gross)............. -72 -63 -72
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 420 357 335
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 72 63 72
----------------------------------------------------------------------------

[[Page 82]]

Net budget authority and outlays:
89.00 Budget authority.................. 50
90.00 Outlays........................... 72 63 72
---------------------------------------------------------------------------

The African Development Bank (AFDB) lends at market-based rates for
economic development of countries on the African continent. The United
States joined the AFDB in 1983 when membership was open to non-regional
countries. In 1995, the AFDB financed 11 new projects worth $683
million. Since its inception in 1963, the AFDB has financed 714 projects
worth over $19.4 billion.

The African Development Fund (AFDF), the concessional lending
affiliate of the African Development Bank, makes loans to the poorest
African nations. AFDF operations have been interrupted since the end of
1993 when resources from the last AFDF replenishment had been exhausted
and prior to conclusion of negotiations on a seventh replenishment of
the AFDF. In that time, Bank management has undertaken far-reaching and
comprehensive restructuring and institutional reforms. By the end of
1993 and since its inception in 1974, cumulative AFDF lending totaled
$10.2 billion for development projects.

The 1997 request includes: $50 million in budget authority for the
first installment on the U.S. share of the seventh replenishment of AFDF
resources.

<F-dash>

contribution to the european bank for reconstruction and development

For payment to the European Bank for Reconstruction and Development
by the Secretary of the Treasury, [$11,916,447] $35,778,717, for the
United States share of the paid-in [share] portion of the [initial
capital subscription] increase in capital stock, to remain available
until expended.

limitation on callable capital subscriptions

The United States Governor of the European Bank for Reconstruction
and Development may subscribe without fiscal year limitation to the
callable capital portion of the United States share of such capital
stock in an amount not to exceed [$27,805,043] $123,237,803. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0088-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 70 12 36
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 70 12 36
23.95 New obligations................... -70 -12 -36
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 70 12 36
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 62 35 16
73.10 New obligations................... 70 12 36
73.20 Total outlays (gross)............. -97 -31 -32
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 35 16 19
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 47 8 19
86.93 Outlays from current balances..... 50 23 13
--------- --------- ----------
87.00 Total outlays (gross)........... 97 31 32
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 70 12 36
90.00 Outlays........................... 97 31 32
---------------------------------------------------------------------------

The European Bank for Reconstruction and Development (EBRD) supports
market-oriented economic reform and democratic pluralism through
predominately private sector lending and investments in the nations of
Central and Eastern Europe and the former Soviet Union. Over 80% of
projects approved in 1995 were in the private sector. The United States
and other shareholders signed the articles of agreement of the EBRD on
May 29, 1990, and the Bank officially began operating on April 15, 1991.
The capitalization of the EBRD is ECU 10 billion (approximately $12
billion equivalent at then-prevailing exchange rates). Paid-in
contributions constitute 30 percent of total capital, with the remainder
callable. At the end of 1995, the EBRD had approved 368 loans and
investments totalling $10.1 billion.

The 1998 request consists of $35.8 million in budget authority for
paid-in capital subscriptions and $123.4 million in program limitations
for callable capital subscriptions for the first of eight installments
on the U.S. subscription to the general capital increase.

<F-dash>

North American Development Bank

For payment to the North American Development Bank by the Secretary
of the Treasury, for the United States share of the paid-in portion of
the capital stock, [$56,000,000] $56,500,000, to remain available until
expended.

limitation on callable capital subscriptions

The United States Governor of the North American Development Bank
may subscribe without fiscal year limitation to the callable capital
portion of the United States share of the capital stock of the North
American Development Bank in an amount not to exceed $318,750,000.
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1008-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 56 56 57
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 56 56 57
23.95 New obligations................... -56 -56 -57
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 56 56 57
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 2
73.10 New obligations................... 56 56 57
73.20 Total outlays (gross)............. -58 -56 -57
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 56 56 57
86.98 Outlays from permanent balances... 2
--------- --------- ----------
87.00 Total outlays (gross)........... 58 56 57
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 56 56 57
90.00 Outlays........................... 58 56 57
---------------------------------------------------------------------------

The North American Development Bank (NADBank) provides $2-3 billion
in financing for high priority environmental

[[Page 83]]

infrastructure projects in the border region and, more broadly within
the United States for NAFTA-related community adjustment and investment.
The Bank has begun its environmental lending and guarantee operations in
both the United States and Mexico. NADBank operations provide
significant direct benefits to U.S. citizens, particularly those in the
border states. The NADBank's capital shares ($450 million in paid-in and
$2.55 billion in callable capital) will be contributed equally by the
United States and Mexico over a four-year period.

The NADBank will finance environmental infrastructure projects that
have been certified by the U.S.-Mexican Border Environment Cooperation
Commission (BECC), an institution designed to assist border states and
local communities in coordinating border clean-up. Communities on both
sides of the border have long been plagued by problems such as raw
sewage dumped in boundary waters, unsafe drinking water, and inadequate
municipal waste disposal. Based on its paid-in and callable capital, the
NADBank will be able to provide partial guarantees of private sector
financing and borrow in capital markets to provide loans to help finance
the projects certified by the BECC.

In addition, 10 percent of the U.S. and Mexican shares of NADBank
will be available for NAFTA-related community adjustment and investment
in both countries, which need not be in the border region. The U.S.
community adjustment program will offer financing directly and through
existing federal credit programs, such as the Small Business
Administration. An Advisory Committee, which includes low income
community representatives and non-governmental organizations, helps
ensure broad public participation in the community adjustment window of
the NADBank.

The 1998 request consists of $56.5 million in budget authority for
paid-in capital subscription and $318.8 million in program limitations
for callable capital subscription with respect to the U.S. subscription
to NADBank initial capitalization.

<F-dash>

Bank for Economic Cooperation and Development in the Middle East and
North Africa

(transfer of funds)

For payment to the Bank for Economic Cooperation and
Development in the Middle East and North Africa by the
Secretary of the Treasury, for the United States share of
the paid-in share portion of the initial capital
subscription, up to $52,500,000, to be derived by transfer
from funds appropriated under the head, ``Economic Support
Fund,'' in this or prior appropriations Acts, to remain
available until expended, notwithstanding section 502 of
such acts.

Limitation on Callable Capital Subscriptions

The United States Governor of the Bank for Economic
Cooperation and Development in the Middle East and North
Africa may subscribe without fiscal year limitation to the
callable capital portion of the United States share of such
capital stock in an amount not to exceed $157,500,500.

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1028-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 53
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 53
23.95 New obligations................... -53
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation.....................
42.00 Transferred from other accounts... 53
--------- --------- ----------
43.00 Appropriation (total)........... 53
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 53
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 53
73.20 Total outlays (gross)............. -53
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 53
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 53
90.00 Outlays........................... 53
---------------------------------------------------------------------------

The Bank for Economic Cooperation and Development in the Middle East
and North Africa (MEDB) is a key element of the Middle East peace
process. As the first major regional institution including Israel and
her neighbors, the MEDB will lend at market-based rates to foster
regional integration and private sector-led growth in the Middle East
and North Africa.

The MEDB has a three-fold mandate to: (1) support the private
sector; (2) assist with the privatization of state-owned enterprises;
and (3) support regional integration in particular through
infrastructure projects. The Bank is chartered to work as a ``merchant
bank,'' coordinating closely with private sources of finance and
catalyzing additional investment into the region.

<F-dash>

Contribution to Enterprise for the Americas Multilateral Investment Fund

For payment to the Enterprise for the Americas Multilateral
Investment Fund by the Secretary of the Treasury, for the United States
contribution to the Fund to be administered by the Inter-American
Development Bank, [$27,500,000] $30,000,000, to remain available until
expended. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0089-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
33.0)........................... 54 28 30
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 54 28 30
23.95 New obligations................... -54 -28 -30
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 54 28 30
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 217 240 230
73.10 New obligations................... 54 28 30
73.20 Total outlays (gross)............. -30 -38 -45
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 240 230 215
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 1 1 1
86.93 Outlays from current balances..... 29 37 44
--------- --------- ----------
87.00 Total outlays (gross)........... 30 38 45
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 54 28 30
90.00 Outlays........................... 30 38 45
---------------------------------------------------------------------------

The Multilateral Investment Fund (MIF) is a component of the
Enterprise for the Americas Initiative, a program to unlock the
potential for domestic and foreign investment and encourage market-based
capital flows. The MIF, administered by the Inter-American Development
Bank, is a multilateral fund which provides grants and loans to support
investment sector reforms. Special consideration is given to reforms
that encourage private foreign direct investment and promote
privatization. Grants and loans are used for technical assistance

[[Page 84]]

to identify and resolve investment constraints, for investment in human
capital, and for business infrastructure and development.

The 1997 request for the MIF is $30 million for partial payment of
oustanding U.S. commitments to the U.S. share of MIF resources.

<F-dash>

International Organizations and Programs

For necessary expenses to carry out [the provisions of] section 301
of the Foreign Assistance Act of 1961, and [of] section 2 of the United
Nations Environment Program Participation Act of 1973, [$169,950,000]
$365,000,000: Provided, That [none of the funds appropriated under this
heading shall be made available for the United Nations Fund for Science
and Technology: Provided further, That none of the funds appropriated
under this heading that are made available to the United Nations
Population Fund (UNFPA) shall be made available for activities in the
People's Republic of China: Provided further, That not more than
$25,000,000 of the funds appropriated under this heading may be made
available to the UNFPA: Provided further, That not more than one-half of
this amount may be provided to UNFPA before March 1, 1997, and that no
later than February 15, 1997, the Secretary of State shall submit a
report to the Committees on Appropriations indicating the amount UNFPA
is budgeting for the People's Republic of China in 1997: Provided
further, That any amount UNFPA plans to spend in the People's Republic
of China in 1997 shall be deducted from the amount of funds provided to
UNFPA after March 1, 1997, pursuant to the previous provisos: Provided
further, That with respect to any funds appropriated under this heading
that are made available to UNFPA, UNFPA shall be required to maintain
such funds in a separate account and not commingle them with any other
funds: Provided further, That none of the funds appropriated under this
heading may be made available to the Korean Peninsula Energy Development
Organization (KEDO) or the International Atomic Energy Agency (IAEA)]
notwithstanding any other provision of law, funds may be made available
to the Korean Peninsula Energy Development Organization (KEDO). (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
01.01 UNICEF............................ 100 100 100
01.02 UN Development Programme.......... 52 76 100
01.03 UN Population Fund................ 5 43 30
01.04 IAEA funded elsewhere in FY 97.... 36 36
01.05 KEDO funded elsewhere in FY 97.... 22 30
01.08 Various other organizations....... 52 71 69
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 267 290 365
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 18
22.00 New budget authority (gross)...... 285 272 365
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 285 290 365
23.95 New obligations................... -267 -290 -365
24.40 Unobligated balance available, end
of year: Uninvested balance..... 18
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 285 170 365
42.00 Transferred from other accounts... 102
--------- --------- ----------
43.00 Appropriation (total)........... 285 272 365
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 285 272 365
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 108 73 76
73.10 New obligations................... 267 290 365
73.20 Total outlays (gross)............. -302 -287 -342
73.40 Adjustments in expired accounts... 1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 73 76 99
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 226 204 274
86.93 Outlays from current balances..... 76 83 68
--------- --------- ----------
87.00 Total outlays (gross)........... 302 287 342
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 285 272 365
90.00 Outlays........................... 302 287 342
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1005-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 36 34 32
1251 Repayments: Repayments and
prepayments..................... -2 -2
--------- --------- ----------
1290 Outstanding, end of year........ 34 32 32
---------------------------------------------------------------------------

In addition to its assessed payments, the United States contributes
to voluntary funds of over 25 international organizations and programs
involved in a wide range of sustainable development, humanitarian, and
scientific activities. Any funds made available for UNFPA will not be
used for activities in the People's Republic of China and will be
maintained in a separate account and not commingled with any other
funds.

<F-dash>

Credit accounts:

Debt Restructuring

For the cost, as defined in section 502 of the Congressional Budget
Act of 1974, of modifying direct loans and loan guarantees, as the
President may determine, for which funds have been appropriated or
otherwise made available for programs within the International Affairs
Budget Function 150, including the cost of selling, reducing, or
canceling amounts, through debt buybacks and swaps, owed to the United
States as a result of concessional loans made to eligible Latin American
and Caribbean countries, pursuant to part IV of the Foreign Assistance
Act of 1961[,] ; and of modifying (a) concessional loans authorized
under title I of the Agricultural Trade Development and Assistance Act
of 1954, as amended, as authorized under subsection (a) under the
heading ``Debt Reduction for Jordan'' in title VI of Public Law 103-306;
and (b) direct loans extended to least developed countries, as
authorized under section 411 of the Agricultural Trade Development and
Assistance Act of 1954, as amended [$27,000,000] $34,000,000, to remain
available until expended, of which $20,000,000 shall be for
modifications under (a) and (b): Provided, That none of the funds
appropriated under this heading shall be obligated except as provided
through the regular notification procedures of the Committees on
Appropriations. (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1997.)

Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0091-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............ 6 6
Receipts:
02.01 Downward reestimates and negative
subsidies....................... 6
--------- --------- ----------
04.00 Total: Balances and collections... 6 6 6
07.99 Total balance, end of year........ 6 6 6
---------------------------------------------------------------------------

[[Page 85]]

Program and Financing (in millions of dollars)

Obligations by program activity:
01.01 Debt Restructuring Subsidy: ``Debt
Reduction For the Poorest''
Program......................... 16 29
01.02 Jordan Debt Forgiveness........... 15 12
01.05 Reestimate of EAI Program Subsidy. 26
01.06 Interest on EAI Reestimate........ 2
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 28 31 41
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 15 25 21
22.00 New budget authority (gross)...... 38 27 34
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 53 52 55
23.95 New obligations................... -28 -31 -41
24.90 Unobligated balance available, end
of year: Fund balance........... 25 21 14
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 10 27 34
Permanent:

60.05 Appropriation (indefinite)...... 28
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 38 27 34
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 28 31 41
73.20 Total outlays (gross)............. -28 -31 -41
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 20 22
86.93 Outlays from current balances..... 11 19
86.97 Outlays from new permanent
authority....................... 28
--------- --------- ----------
87.00 Total outlays (gross)........... 28 31 41
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 38 27 34
90.00 Outlays........................... 28 31 41
---------------------------------------------------------------------------

For the poorest and most heavily indebted countries, debt reduction
will be undertaken in concert with the Paris Club of creditor nations to
implement commitments made by G-7 heads of state at recent Economic
Summits. The Administration anticipates that $22 million in
appropriations will permit debt reduction under Naples Terms for
qualifying countries. As part of the $22 million, the Administration
will be seeking appropriations of $2.3 million, as well as the necessary
authorization, to modify credits extended or guaranteed by the Commodity
Credit Corporation for Honduras.

For Jordan, $12 million would be needed for the fourth stage of debt
forgiveness proposed as a result of the historic peace agreement signed
between the Hashemite Kingdom of Jordan and the Government of Israel in
1994. This request would further the commitment made by the United
States to Jordan in support of these peace efforts. The face value to be
forgiven stands at about $63 million.

For Latin America and the Caribbean, the Administration proposes
that debt reduction be effected at zero budget cost through buybacks and
swaps of eligible debt, linked to commitment of local currency payments
to support environment or child survival projects. The Administration
will be seeking new authority for no-cost buybacks and swaps of P.L. 480
debt, and the approval of the appropriators for this program.

For debt reduction for the poorest countries, resulting cash flows
have been recorded in the debt reduction financing accounts for the
Export-Import Bank, the foreign military loans, and for the Agency for
International Development. Appropriate adjustments have been made to
these agencies' liquidating accounts. For Jordan debt forgiveness,
appropriate adjustments have been recorded in P.L. 480 financing and
liquidating accounts.

<F-dash>

Agency for International Development

Federal Funds

General and special funds:

[Child Survival and Disease Programs Fund]

Sustainable Development Assistance

For necessary expenses to carry out {the provisions of part I and
chapter 4 of part II] sections 103 through 106 of the Foreign Assistance
Act of 1961, [for child survival, basic education, assistance to combat
tropical and other diseases, and related activities, in addition to
funds otherwise available for such purposes, $600,000,000] $998,000,000,
to remain available until expended: Provided, That [this amount shall be
made available for such activities as (1) immunization programs, (2)
oral rehydration programs, (3) health and nutrition programs, and
related education programs, which address the needs of mothers and
children, (4) water and sanitation programs, (5) assistance for
displaced and orphaned children, (6) programs for the prevention,
treatment, and control of, and research on, tuberculosis, HIV/AIDS,
polio, malaria and other diseases, (7) not to exceed $98,000,000 for
basic education programs for children, and (8) a contribution on a grant
basis to the United Nations Children's Fund (UNICEF) pursuant to section
301 of the Foreign Assistance Act of 1961.]

[development assistance]

[(including transfer of funds)]

[For necessary expenses to carry out the provisions of sections 103
through 106 and chapter 10 of part I of the Foreign Assistance Act of
1961, title V of the International Security and Development Cooperation
Act of 1980 (Public Law 96-533) and the provisions of section 401 of the
Foreign Assistance Act of 1969, $1,181,500,000, to remain available
until September 30, 1998: Provided, That of the amount appropriated
under this heading, up to $20,000,000 may be made available for the
Inter-American Foundation and shall be apportioned directly to that
Agency: Provided further, That of the amount appropriated under this
heading, up to $11,500,000 may be made available for the African
Development Foundation and shall be apportioned directly to that agency:
Provided further, That of the funds appropriated under title II of this
Act that are administered by the Agency for International Development
and made available for family planning assistance, not less than 65
percent shall be made available directly to the agency's central Office
of Population and shall be programmed by that office for family planning
activities: Provided further, That of the funds appropriated under this
heading and under the heading ``Child Survival and Disease Programs
Fund'' that are made available by the Agency for International
Development for development assistance activities, the amount made
available to carry out chapter 10 of part I of the Foreign Assistance
Act of 1961 (relating to the Development Fund for Africa) and the amount
made available for activities in the Latin America and Caribbean region
should be in at least the same proportion as the amount identified in
the fiscal year 1997 draft congressional presentation document for
development assistance for each such region is to the total amount
requested for development assistance for such fiscal year: Provided
further, That funds appropriated under this heading may be made
available, notwithstanding any other provision of law except section 515
of this Act, to assist Vietnam to reform its trade regime (such as
through reform of its commercial and investment legal codes): Provided
further, That none of the funds made available in this Act nor any
unobligated balances from prior appropriations may be made available to
any organization or program which, as determined by the President of the
United States, supports or participates in the management of a program
of coercive abortion or involuntary sterilization: Provided further,
That none of the funds made available under this heading may be used to
pay for the performance of abortion as a method of family planning or to
motivate or coerce any person to practice abortions; and that in order
to reduce reliance on abortion in developing nations, funds shall be
available only to voluntary family planning projects which offer, either
directly or through referral to, or information about access to, a broad
range of family planning methods and services: Provided further, That in
awarding grants for natural family planning under section 104 of the
Foreign Assistance Act of 1961 no applicant shall be discriminated
against because of such applicant's religious or conscientious
commitment to offer only natural family planning; and, additionally, all
such applicants shall comply with the requirements of the previous
proviso: Provided further, That for purposes of this or any

[[Page 86]]

other Act authorizing or appropriating funds for foreign operations,
export financing, and related programs, the term ``motivate'', as it
relates to family planning assistance, shall not be construed to
prohibit the provision, consistent with local law, of information or
counseling about all pregnancy options: Provided further, That nothing
in this paragraph shall be construed to alter any existing statutory
prohibitions against abortion under section 104 of the Foreign
Assistance Act of 1961[: Provided further, That, notwithstanding section
109 of the Foreign Assistance Act of 1961, of the funds appropriated
under this heading in this Act, and of the unobligated balances of funds
previously appropriated under this heading, up to $17,500,000 may be
transferred to ``International Organizations and Programs'' for a
contribution to the International Fund for Agricultural Development
(IFAD), and that any such transfer of funds shall be subject to the
regular notification procedures of the Committees on Appropriations:
Provided further, That of the funds appropriated under this heading that
are made available for assistance programs for displaced and orphaned
children and victims of war, not to exceed $25,000, in addition to funds
otherwise available for such purposes, may be used to monitor and
provide oversight of such programs: Provided further, That not less than
$500,000 of the funds made available under this heading shall be
available only for support of the United States Telecommunications
Training Institute].

[cyprus]

[Of the funds appropriated under the headings ``Development
Assistance'' and ``Economic Support Fund'', not less than $15,000,000
shall be made available for Cyprus to be used only for scholarships,
administrative support of the scholarship program, bicommunal projects,
and measures aimed at reunification of the island and designed to reduce
tensions and promote peace and cooperation between the two communities
on Cyprus.]

[burma]

[Of the funds appropriated by this Act to carry out the provisions
of chapter 4 of part II of the Foreign Assistance Act of 1961, not less
than $2,500,000 shall be made available to support activities in Burma,
along the Burma-Thailand border, and for activities of Burmese student
groups and other organizations located outside Burma, for the purposes
of fostering democracy in Burma, supporting the provision of medical
supplies and other humanitarian assistance to Burmese located in Burma
or displaced Burmese along the borders, and for other purposes:
Provided, That of this amount, not less than $200,000 shall be made
available to support newspapers, publications, and other media
activities promoting democracy inside Burma: Provided further, That
funds made available under this heading may be made available
notwithstanding any other provision of law: Provided further, That
provision of such funds shall be made available subject to the regular
notification procedures of the Committees on Appropriations.]

[private and voluntary organizations]

[None of the funds appropriated or otherwise made available by this
Act for development assistance may be made available to any United
States private and voluntary organization, except any cooperative
development organization, which obtains less than 20 per centum of its
total annual funding for international activities from sources other
than the United States Government: Provided, That the requirements of
the provisions of section 123(g) of the Foreign Assistance Act of 1961
and the provisions on private and voluntary organizations in title II of
the ``Foreign Assistance and Related Programs Appropriations Act, 1985''
(as enacted in Public Law 98-473) shall be superseded by the provisions
of this section, except that the authority contained in the last
sentence of section 123(g) may be exercised by the Administrator with
regard to the requirements of this paragraph.
Funds appropriated or otherwise made available under title II of
this Act should be made available to private and voluntary organizations
at a level which is equivalent to the level provided in fiscal year
1995. Such private and voluntary organizations shall include those which
operate on a not-for-profit basis, receive contributions from private
sources, receive voluntary support from the public and are deemed to be
among the most cost-effective and successful providers of development
assistance.] (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

[International Fund for Ireland]

[For necessary expenses to carry out the provisions of chapter 4 of
part II of the Foreign Assistance Act of 1961, $19,600,000, which shall
be available for the United States contribution to the International
Fund for Ireland and shall be made available in accordance with the
provisions of the Anglo-Irish Agreement Support Act of 1986 (Public Law
99-415): Provided, That such amount shall be expended at the minimum
rate necessary to make timely payment for projects and activities:
Provided further, That funds made available under this heading shall
remain available until September 30, 1998.] (Foreign Operations, Export
Financing, and Related Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Functional development assistance. 1,387 1,534 998
00.02 Child Survival and Disease
Programs........................ 500
--------- --------- ----------
10.00 Total obligations............... 1,387 2,034 998
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 110 404
22.00 New budget authority (gross)...... 1,647 1,630 998
22.10 Resources available from
recoveries of prior year
obligations..................... 33
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,790 2,034 998
23.95 New obligations................... -1,387 -2,034 -998
24.40 Unobligated balance available, end
of year: Uninvested balance..... 404
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

Appropriation:
40.00 Appropriation................. 1,675 1,182 998
40.00 Appropriation................. 600
40.35 Appropriation rescinded......... -1
41.00 Transferred to other accounts... -32 -152
--------- --------- ----------
43.00 Appropriation (total)......... 1,642 1,630 998
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 5
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,647 1,630 998
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,513 1,506 2,247
73.10 New obligations................... 1,387 2,034 998
73.20 Total outlays (gross)............. -1,360 -1,293 -1,310
73.45 Adjustments in unexpired accounts. -33
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,506 2,247 1,935
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 67 116 71
86.93 Outlays from current balances..... 1,293 1,177 1,239
--------- --------- ----------
87.00 Total outlays (gross)........... 1,360 1,293 1,310
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.45 Offsetting collections (cash)
from: Offsetting governmental
collections................... -5
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 1,642 1,630 998
90.00 Outlays........................... 1,355 1,293 1,310
---------------------------------------------------------------------------

Sustainable Development Assistance Program.--This program provides
economic resources to developing countries with the aim of bringing the
benefits of development to the poor. The program promotes broad-based,
self-sustaining economic growth, supports initiatives intended to:
stabilize popu-

[[Page 87]]

lation growth, protect the environment and foster increased democratic
participation in developing countries. The program is concentrated in
those areas in which the United States has special expertise and which
promise the greatest opportunity for the poor to better their lives.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1021-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
22.0 Transportation of things.......... 3 3 2
23.2 Rental payments to others......... 9 10 5
25.1 Advisory and assistance services.. 56 64 32
25.2 Other services.................... 177 195 94
41.0 Grants, subsidies, and
contributions................... 1,142 1,762 865
--------- --------- ----------
99.9 Total obligations............... 1,387 2,034 998
---------------------------------------------------------------------------

<F-dash>

Assistance for Eastern Europe and the Baltic States

(a) For necessary expenses to carry out the provisions of the
Foreign Assistance Act of 1961 and the Support for East European
Democracy (SEED) Act of 1989, [$475,000,000] $492,000,000, to remain
available until [September 30, 1998] expended, which shall be available,
notwithstanding any other provision of law, for economic assistance and
for related programs for Eastern Europe and the Baltic States.
(b) Funds appropriated under this heading or in prior appropriations
Acts that are or have been made available for an Enterprise Fund may be
deposited by such Fund in interest-bearing accounts prior to the Fund's
disbursement of such funds for program purposes. The Fund may retain for
such program purposes any interest earned on such deposits without
returning such interest to the Treasury of the United States and without
further appropriation by the Congress. Funds made available for
Enterprise Funds shall be expended at the minimum rate necessary to make
timely payment for projects and activities.
(c) Funds appropriated under this heading shall be considered to be
economic assistance under the Foreign Assistance Act of 1961 for
purposes of making available the administrative authorities contained in
that Act for the use of economic assistance.
[(d) None of the funds appropriated under this heading may be made
available for new housing construction or repair or reconstruction of
existing housing in Bosnia and Herzegovina unless directly related to
the efforts of United States troops to promote peace in said country.]
[(e) With regard to funds appropriated or otherwise made available
under this heading for the economic revitalization program in Bosnia and
Herzegovina, and local currencies generated by such funds (including the
conversion of funds appropriated under this heading into currency used
by Bosnia and Herzegovina as local currency and local currency returned
or repaid under such program)--]
[(1) the Administrator of the Agency for International
Development shall provide written approval for grants and loans
prior to the obligation and expenditure of funds for such purposes,
and prior to the use of funds that have been returned or repaid to
any lending facility or grantee; and]
[(2) the provisions of section 531 of this Act shall apply.]
[(f) With regard to funds appropriated under this heading that are
made available for economic revitalization programs in Bosnia and
Herzegovina, 50 percent of such funds shall not be available for
obligation unless the President determines and certifies to the
Committees on Appropriations that the Federation of Bosnia and
Herzegovina has complied with article III of annex 1-A of the General
Framework Agreement for Peace in Bosnia and Herzegovina concerning the
withdrawal of foreign forces, and that intelligence cooperation on
training, investigations, and related activities between Iranian
officials and Bosnian officials has been terminated.] (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1010-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations................. 412 594 492
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 63 119
22.00 New budget authority (gross)...... 463 475 492
22.10 Resources available from
recoveries of prior year
obligations..................... 8
22.21 Unobligated balance transferred to
other accounts.................. -3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 531 594 492
23.95 New obligations................... -412 -594 -492
24.40 Unobligated balance available, end
of year: Uninvested balance..... 119
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 522 475 492
41.00 Transferred to other accounts..... -59
--------- --------- ----------
43.00 Appropriation (total)........... 463 475 492
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 463 475 492
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 879 839 936
73.10 New obligations................... 412 594 492
73.20 Total outlays (gross)............. -444 -497 -491
73.45 Adjustments in unexpired accounts. -8
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 839 936 937
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 97 124 125
86.93 Outlays from current balances..... 347 373 366
--------- --------- ----------
87.00 Total outlays (gross)........... 444 497 491
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 463 475 492
90.00 Outlays........................... 444 497 491
---------------------------------------------------------------------------

This account provides funds to support democracy and economic
restructuring in Central and Eastern European countries, including the
new Baltic republics, consistent with the objectives of the Support for
East European Democracy (SEED) Act. All SEED programs support one or
more of the following strategic objectives: promoting broad-based
economic growth (with an emphasis on privatization, legal and regulatory
reform and support for the emerging private sector); encouraging
democratic reforms; and improving the quality of life (including
protecting the environment and providing humanitarian assistance).

The 1998 budget request includes $200 million for the last of three
installments of the U.S. pledge of $600 million in reconstruction
assistance for Bosnia.

Object Classification (in millions of dollars)

Direct obligations:

11.8 Personnel compensation: Special
personal services payments.... 2 3 3
21.0 Travel and transportation of
persons....................... 1 1 1
25.1 Advisory and assistance services 27 40 36
25.2 Other services.................. 85 125 107
41.0 Grants, subsidies, and
contributions................. 281 425 345
--------- --------- ----------
99.0 Subtotal, direct obligations.. 396 594 492
41.0 Allocation Account: Grants,
subsidies, and contributions.... 16
--------- --------- ----------
99.9 Total obligations............... 412 594 492
---------------------------------------------------------------------------

<F-dash>

Assistance for the New Independent States of the Former Soviet Union

(a) For necessary expenses to carry out the provisions of chapter 11
of part I of the Foreign Assistance Act of 1961 and the FREEDOM Support
Act, for assistance for the new independent states of the former Soviet
Union and for related programs, [$625,000,000] $900,000,000, to remain
available until [September 30, 1998] ex-

[[Page 88]]

pended: Provided, That the provisions of such chapter shall apply to
funds appropriated by this paragraph.
(b) Of the funds made available under this heading, not to exceed
$50,000,000 is for the cost of guaranteed loans made to the U.S. Russia
Investment Fund, as authorized by section 635 of the Foreign Assistance
Act of 1961, as amended: Provided, That such costs, including the cost
of modifying such loans, shall be as defined in section 502 of the
Congressional Budget Act of 1974: Provided further, That these funds are
available to subsidize total loan principal, any part of which is to be
guaranteed, not to exceed $100,000,000.
[(b) None of the funds appropriated under this heading shall be
transferred to the Government of Russia--]
[(1) unless that Government is making progress in implementing
comprehensive economic reforms based on market principles, private
ownership, negotiating repayment of commercial debt, respect for
commercial contracts, and equitable treatment of foreign private
investment; and]
[(2) if that Government applies or transfers United States
assistance to any entity for the purpose of expropriating or seizing
ownership or control of assets, investments, or ventures.]
[(c) Funds may be furnished without regard to subsection (b) if the
President determines that to do so is in the national interest.]
[(d) None of the funds appropriated under this heading shall be made
available to any government of the new independent states of the former
Soviet Union if that government directs any action in violation of the
territorial integrity or national sovereignty of any other new
independent state, such as those violations included in the Helsinki
Final Act: Provided, That such funds may be made available without
regard to the restriction in this subsection if the President determines
that to do so is in the national security interest of the United States:
Provided further, That the restriction of this subsection shall not
apply to the use of such funds for the provision of assistance for
purposes of humanitarian, disaster and refugee relief.]
[(e) None of the funds appropriated under this heading for the new
independent states of the former Soviet Union shall be made available
for any state to enhance its military capability: Provided, That this
restriction does not apply to demilitarization or nonproliferation
programs.]
[(f) Funds appropriated under this heading shall be subject to the
regular notification procedures of the Committees on Appropriations.]
[(g) Funds made available in this Act for assistance to the new
independent states of the former Soviet Union shall be subject to the
provisions of section 117 (relating to environment and natural
resources) of the Foreign Assistance Act of 1961.]
[(h)(1) Of the funds appropriated under title II of this Act,
including funds appropriated under this heading, not less than
$10,000,000 shall be available only for assistance for Mongolia, of
which amount not less than $6,000,000 shall be available only for the
Mongolian energy sector.]
[(2) Funds made available for assistance for Mongolia may be made
available in accordance with the purposes and utilizing the authorities
provided in chapter 11 of part I of the Foreign Assistance Act of 1961.]
[(i) Funds made available in this Act for assistance to the New
Independent States of the former Soviet Union shall be provided to the
maximum extent feasible through the private sector, including small- and
medium-size businesses, entrepreneurs, and others with indigenous
private enterprises in the region, intermediary development
organizations committed to private enterprise, and private voluntary
organizations: Provided, That grantees and contractors should, to the
maximum extent possible, place in key staff positions specialists with
prior on the ground expertise in the region of activity and fluency in
one of the local languages.]
[(j) In issuing new task orders, entering into contracts, or making
grants, with funds appropriated under this heading or in prior
appropriations Acts, for projects or activities that have as one of
their primary purposes the fostering of private sector development, the
Coordinator for United States Assistance to the New Independent States
and the implementing agency shall encourage the participation of and
give significant weight to contractors and grantees who propose
investing a significant amount of their own resources (including
volunteer services and in-kind contributions) in such projects and
activities.]
[(k) Of the funds made available under this heading, not less than
$225,000,000 shall be made available for Ukraine, of which funds not
less than $25,000,000 shall be made available to carry out United States
decommissioning obligations regarding the Chernobyl plant made in the
Memorandum of Understanding between the Government of Ukraine and the G-
7 Group: Provided, That not less than $35,000,000 shall be made
available for agricultural projects, including those undertaken through
the Food Systems Restructuring Program, which leverage private sector
resources with United States Government assistance: Provided further,
That $5,000,000 shall be available for a small business incubator
project: Provided further, That $5,000,000 shall be made available for
screening and treatment of childhood mental and physical illnesses
related to Chernobyl radiation: Provided further, That $5,000,000 shall
be available only for a land and resource management institute to
identify nuclear contamination at Chernobyl: Provided further, That
$15,000,000 shall be available for the legal restructuring necessary to
support a decentralized market-oriented economic system, including
enactment of necessary substantive commercial law, implementation of
reforms necessary to establish an independent judiciary and bar, legal
education for judges, attorneys, and law students, and education of the
public designed to promote understanding of a law-based economy.]
[(l) Of the funds made available for Ukraine, under this Act and
Public Law 104-107, not less than $50,000,000 shall be made available to
improve safety at nuclear reactors: Provided, That of this amount
$20,000,000 shall be provided for the purchase and installation of, and
training for, safety parameter display or control systems at all
operational nuclear reactors: Provided further, That of this amount,
$20,000,000 shall be made available for the purchase, construction,
installation and training for Full Scope and Analytical/Engineering
simulators: Provided further, That of this amount funds shall be made
available to conduct Safety Analysis Reports at all operational nuclear
reactors.]
[(m) Of the funds made available by this Act, not less than
$95,000,000 shall be made available for Armenia.]
[(n)] (c) Funds appropriated under this heading or in prior
appropriations Acts that are or have been made available for an
Enterprise Fund may be deposited by such Fund in interest-bearing
accounts prior to the disbursement of such funds by the Fund for program
purposes. The Fund may retain for such program proposes any interest
earned on such deposits without returning such interest to the Treasury
of the United States and without further appropriation by the Congress.
Funds made available for Enterprise Funds shall be expended at the
minimum rate necessary to make timely payment for projects and
activities.
[(o)(1) None of the funds appropriated under this heading may be
made available for Russia unless the President determines and certifies
in writing to the Committees on Appropriations that the Government of
Russia has terminated implementation of arrangements to provide Iran
with technical expertise, training, technology, or equipment necessary
to develop a nuclear reactor or related nuclear research facilities or
programs.]
[(2) Paragraph (1) shall not apply if the President determines that
making such funds available is important to the national security
interest of the United States. Any such determination shall cease to be
effective six months after being made unless the President determines
that its continuation is important to the national security interest of
the United States.]
[(p) Of the funds made available under this heading, not less than
$10,000,000 shall be made available for a United States contribution to
the Trans-Caucasus Enterprise Fund: Provided, That to further the
development of the private sector in the Trans-Caucasus, such amount and
amounts appropriated for purposes of subsection (t) under the heading
``Assistance for the New Independent States of the Former Soviet Union''
in Public Law 104-107 may be invested in a Trans-Caucasus Enterprise
Fund or, notwithstanding the provisions of such subsection, invested in
other funds established by public or private organizations, or
transferred to the Overseas Private Investment Corporation to be
available, subject to the requirements of the Federal Credit Reform Act,
to subsidize the costs of direct and guaranteed loans.]
[(q)(1) Funds appropriated under this heading may not be made
available for the Government of Ukraine if the President determines and
reports to the Committees on Appropriations that the Govern-

[[Page 89]]

ment of Ukraine is engaged in military cooperation with the Government
of Libya.]
[(2) Paragraph (1) shall not apply if the President determines that
making such funds available is important to the national security
interest of the United States. Any such determination shall cease to be
effective six months after being made unless the President determines
that its continuation is important to the national security interest of
the United States.]
[(r) Of the funds appropriated under this heading, not less than
$15,000,000 should be available only for a family planning program for
the New Independent States of the former Soviet Union comparable to the
family planning program currently administered by the Agency for
International Development in the Central Asian Republics and focusing on
population assistance which provides an alternative to abortion.]
[(s) Funds made available under this Act or any other Act (other
than assistance under title V of the FREEDOM Support Act and section
1424 of the ``National Defense Authorization Act for Fiscal Year 1997'')
may not be provided for assistance to the Government of Azerbaijan until
the President determines, and so reports to the Congress, that the
Government of Azerbaijan is taking demonstrable steps to cease all
blockades and other offensive uses of force against Armenia and Nagorno-
Karabakh.]
[(t) Of the funds appropriated under this heading, not less than
$2,500,000 shall be made available for the American-Russian Center.]
(Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1093-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations................. 546 842 900
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 232 262
22.00 New budget authority (gross)...... 518 576 900
22.10 Resources available from
recoveries of prior year
obligations..................... 75
22.21 Unobligated balance transferred to
other accounts.................. -26 -1
22.22 Unobligated balance transferred
from other accounts............. 10 5
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 809 842 900
23.95 New obligations................... -546 -842 -900
24.40 Unobligated balance available, end
of year: Uninvested balance..... 262
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 641 625 900
40.35 Appropriation rescinded........... -1
41.00 Transferred to other accounts..... -122 -49
--------- --------- ----------
43.00 Appropriation (total)........... 518 576 900
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 518 576 900
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,390 1,097 1,242
73.10 New obligations................... 546 842 900
73.20 Total outlays (gross)............. -765 -696 -697
73.45 Adjustments in unexpired accounts. -75
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,097 1,242 1,445
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 51 54 61
86.93 Outlays from current balances..... 714 642 636
--------- --------- ----------
87.00 Total outlays (gross)........... 765 696 697
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 518 576 900
90.00 Outlays........................... 765 696 697
---------------------------------------------------------------------------

This account provides funds for a program of assistance to the
independent states that emerged from the former Soviet Union. These
funds support U.S. foreign policy goals of consolidating improved U.S.
security; building a lasting partnership with the New Independent States
(NIS); and providing access to each other's markets, resources, and
expertise.

The 1998 budget request includes funding for a new ``Partnership for
Freedom'' initiative, designed to foster economic growth, promote U.S.
trade and investment, fight crime, and build civil societies in the NIS.

Object Classification (in millions of dollars)

Direct obligations:

11.8 Personnel compensation: Special
personal services payments.... 3 5 5
21.0 Travel and transportation of
persons....................... 3 4 5
25.1 Advisory and assistance services 46 72 75
25.2 Other services.................. 144 211 230
26.0 Supplies and materials.......... 1
31.0 Equipment....................... 2
41.0 Grants, subsidies, and
contributions................. 307 550 585
--------- --------- ----------
99.0 Subtotal, direct obligations.. 506 842 900
41.0 Allocation Account: Grants,
subsidies, and contributions.... 40
--------- --------- ----------
99.9 Total obligations............... 546 842 900
---------------------------------------------------------------------------

<F-dash>

Development Fund for Africa

For necessary expenses to carry out chapter 10 of
part I of the Foreign Assistance Act of 1961, $700,000,000,
to remain available until expended: Provided, That
notwithstanding section 496(n)(2) of such Act, funds
appropriated by this Act may be transferred between this
account and other sustainable development assistance
accounts, as authorized by section 109 of such Act.

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1014-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Development Grants................ 124 70 700
--------- --------- ----------
10.00 Total obligations............... 124 70 700
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 141 70
22.00 New budget authority (gross)...... 700
22.10 Resources available from
recoveries of prior year
obligations..................... 54
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 195 70 700
23.95 New obligations................... -124 -70 -700
24.40 Unobligated balance available, end
of year: Uninvested balance..... 70
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 700
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1,892 1,316 914
73.10 New obligations................... 124 70 700
73.20 Total outlays (gross)............. -645 -472 -337
73.45 Adjustments in unexpired accounts. -54
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1,316 914 1,277
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 50
86.93 Outlays from current balances..... 645 472 287
--------- --------- ----------
87.00 Total outlays (gross)........... 645 472 337
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 700
90.00 Outlays........................... 645 472 337
---------------------------------------------------------------------------

The Development Fund for Africa account provides development
assistance to sub-Saharan African countries. This ac-

[[Page 90]]

count is designed to enhance the Agency for International Development's
(USAID's) effectiveness in meeting Africa's development requirements.
These resources finance both project and non-project assistance to
address shared development program and policy objectives in reform-
oriented African countries. These funds also support initiatives
intended to promote economic growth, stabilize population growth,
protect the environment and foster increased democratic participation.

Object Classification (in millions of dollars)

Direct obligations:

22.0 Transportation of things........ 1
23.2 Rental payments to others....... 4
25.1 Advisory and assistance services 7 2 25
25.2 Other services.................. 27 8 75
26.0 Supplies and materials.......... 5
41.0 Grants, subsidies, and
contributions................. 82 60 595
--------- --------- ----------
99.0 Subtotal, direct obligations.. 121 70 700
41.0 Allocation Account: Grants,
subsidies, and contributions.... 3
--------- --------- ----------
99.9 Total obligations............... 124 70 700
---------------------------------------------------------------------------

<F-dash>

Sahel Development Program

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1012-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Development Grants................ 1
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 1 1
23.95 New obligations................... -1
24.40 Unobligated balance available, end
of year: Uninvested balance..... 1
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 12 3 1
73.10 New obligations................... 1
73.20 Total outlays (gross)............. -10 -2 -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 3 1
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 10 2 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 10 2 1
---------------------------------------------------------------------------

The Sahel Development account provided assistance to African
countries.

<F-dash>

American Schools and Hospitals Abroad

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1013-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 19 13 10
73.20 Total outlays (gross)............. -5 -3 -3
73.40 Adjustments in expired accounts... -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 13 10 7
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 5 3 3
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 5 3 3
---------------------------------------------------------------------------

Funding for American Schools and Hospitals Abroad as a separate
account ceased in 1994. Financing of key institutions that meet
important foreign policy and developmental criteria will be done within
the regular economic and development assistance accounts.

<F-dash>

Sub-Saharan Africa Disaster Assistance

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1040-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.10 Resources available from
recoveries of prior year
obligations..................... 2
24.40 Unobligated balance available, end
of year: Uninvested balance..... 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 14 8 4
73.20 Total outlays (gross)............. -5 -4 -2
73.45 Adjustments in unexpired accounts. -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 8 4 2
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 5 4 2
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 5 4 2
---------------------------------------------------------------------------

In 1993 this account provided funding for timely relief,
rehabilitation and reconstruction for disasters in Africa. Since 1994
these activities have been funded under the International Disaster
Assistance Program.

<F-dash>

International Disaster Assistance

For necessary expenses for international disaster relief,
rehabilitation, and reconstruction assistance pursuant to section 491 of
the Foreign Assistance Act of 1961, as amended, $190,000,000, to remain
available until expended. (Foreign Operations, Export Financing, and
Related Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
10.00 Total obligations................. 166 235 190
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 23 45
22.00 New budget authority (gross)...... 181 190 190
22.10 Resources available from
recoveries of prior year
obligations..................... 6
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 210 235 190
23.95 New obligations................... -166 -235 -190
24.40 Unobligated balance available, end
of year: Uninvested balance..... 45
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 181 190 190
----------------------------------------------------------------------------

[[Page 91]]

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 213 226 299
73.10 New obligations................... 166 235 190
73.20 Total outlays (gross)............. -146 -162 -178
73.45 Adjustments in unexpired accounts. -6
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 226 299 311
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 21 48 48
86.93 Outlays from current balances..... 125 114 130
--------- --------- ----------
87.00 Total outlays (gross)........... 146 162 178
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 181 190 190
90.00 Outlays........................... 146 162 178
---------------------------------------------------------------------------

Funds for the International Disaster Assistance Program provide
relief, rehabilitation, and reconstruction assistance to foreign
countries struck by disasters such as famines, floods, hurricanes and
earthquakes, and support assistance in disaster preparedness, prevention
and mitigation as well as the longer term recovery efforts managed by
the Office of Transition Initiatives. It also includes assistance for
rehabilitation and resettlement of displaced Kurds in Northern Iraq
assisted prior to FY 1996 under ``Operation Provide Comfort'' funded by
the Department of Defense.

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1035-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
11.8 Personnel compensation: Special
personal services payments...... 4 5 5
21.0 Travel and transportation of
persons......................... 1 1 1
22.0 Transportation of things.......... 1 2 1
25.2 Other services.................... 15 20 17
26.0 Supplies and materials............ 4 5 6
41.0 Grants, subsidies, and
contributions................... 141 202 160
--------- --------- ----------
99.9 Total obligations............... 166 235 190
---------------------------------------------------------------------------

<F-dash>

Operating Expenses of the Agency for International Development

For necessary expenses to carry out the provisions of section 667,
[$470,750,000: Provided, That none of the funds appropriated by this Act
for programs administered by the Agency for International Development
may be used to finance printing costs of any report or study (except
feasibility, design, or evaluation reports or studies) in excess of
$25,000 without the approval of the Administrator of the Agency or the
Administrator's designee] $473,000,000, to remain available until
September 30, 1999. (Foreign Operations, Export Financing, and Related
Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1000-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
00.01 Direct program.................... 478 524 488
00.02 Direct Obligations--Accrued
Separation Liability TF......... 3 2 2
00.03 Reimbursable program.............. 6 6 6
--------- --------- ----------
10.00 Total obligations............... 487 532 496
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 27 40 17
22.00 New budget authority (gross)...... 475 495 479
22.10 Resources available from
recoveries of prior year
obligations..................... 26 14 12
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 528 549 508
23.95 New obligations................... -487 -532 -496
24.40 Unobligated balance available, end
of year: Uninvested balance..... 40 17 12
----------------------------------------------------------------------------

New budget authority (gross), detail:
Current:

40.00 Appropriation................... 466 471 473
42.00 Transferred from other accounts. 3 18
--------- --------- ----------
43.00 Appropriation (total)......... 469 489 473
Permanent:

68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 6 6 6
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 475 495 479
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 177 168 166
73.10 New obligations................... 487 532 496
73.20 Total outlays (gross)............. -472 -520 -463
73.40 Adjustments in expired accounts... 2
73.45 Adjustments in unexpired accounts. -26 -14 -12
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 168 166 187
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 342 362 350
86.93 Outlays from current balances..... 124 152 107
86.97 Outlays from new permanent
authority....................... 6 6 6
--------- --------- ----------
87.00 Total outlays (gross)........... 472 520 463
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.00 Offsetting collections (cash)
from: Federal sources......... -6 -6 -6
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 469 489 473
90.00 Outlays........................... 467 514 457
---------------------------------------------------------------------------

These funds cover the appropriated dollar costs of managing Agency
for International Development (USAID) programs, including salaries and
other expenses of direct hire personnel. USAID currently maintains
resident staff in more than 80 foreign countries as well as a
headquarters in Washington which supports field programs and manages
regional and worldwide activities.

Object Classification (in millions of dollars)

Direct obligations:

Personnel compensation:
11.1 Full-time permanent........... 179 170 169
11.3 Other than full-time permanent 6 5 5
11.5 Other personnel compensation.. 8 8 9
11.8 Special personal services
payments.................... 37 38 37
--------- --------- ----------
11.9 Total personnel compensation 230 221 220
12.1 Civilian personnel benefits..... 62 63 63
13.0 Benefits for former personnel... 2 1 1
21.0 Travel and transportation of
persons....................... 20 27 25
22.0 Transportation of things........ 11 10 9
23.1 Rental payments to GSA.......... 5 11 26
23.2 Rental payments to others....... 28 34 24
23.3 Communications, utilities, and
miscellaneous charges......... 14 14 14
24.0 Printing and reproduction....... 1 1 1
25.1 Advisory and assistance services 2 7 5
25.2 Other services.................. 52 48 44
25.3 Purchases of goods and services
from Government accounts...... 5 21 21
25.4 Operation and maintenance of
facilities.................... 7 7 6
25.7 Operation and maintenance of
equipment..................... 11 13 13
26.0 Supplies and materials.......... 7 7 6
31.0 Equipment....................... 23 36 8
32.0 Land and structures............. 1
41.0 Grants, subsidies, and
contributions................. 2 2 2
42.0 Insurance claims and indemnities 1 1 1
--------- --------- ----------
99.0 Subtotal, direct obligations.. 483 525 489
99.0 Reimbursable obligations.......... 6 6 6
99.5 Below reporting threshold......... -2 1 1
--------- --------- ----------
99.9 Total obligations............... 487 532 496
---------------------------------------------------------------------------

[[Page 92]]

Personnel Summary

1001 Full-time equivalent employment. 3,090 2,799 2,703
1005 Full-time equivalent of overtime
and holiday hours............. 13 13 13
1011 Exempt Full-time equivalent
employment.................... 26 27 27
Reimbursable:
2001 Total compensable workyears: Full-
time equivalent employment...... 3 3 3
---------------------------------------------------------------------------

<F-dash>

Payment to the Foreign Service Retirement and Disability Fund

For payment to the Foreign Service Retirement and Disability Fund,
as authorized by law, [$43,826,000] $44,208,000. (Foreign Operations,
Export Financing, and Related Programs Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1036-0-1-153 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
13.0)........................... 44 44 44
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 44 44 44
23.95 New obligations................... -44 -44 -44
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 44 44 44
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 44 44 44
73.20 Total outlays (gross)............. -44 -44 -44
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 44 44 44
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 44 44 44
90.00 Outlays........................... 44 44 44
---------------------------------------------------------------------------

The appropriation requested is to finance the 1996 installment of
the unfunded liability created by the addition of the Agency for
International Development (USAID). Foreign Service personnel to the
foreign service retirement system and by subsequent salary increases and
changes in legislation affecting benefits.

<F-dash>

Operating Expenses of the Agency for International Development Office of
Inspector General

For necessary expenses to carry out the provisions of section 667,
[$30,000,000] $29,047,000, to remain available until [September 30,
1998] expended, which sum shall be available for the Office of the
Inspector General of the Agency for International Development. (Foreign
Operations, Export Financing, and Related Programs Appropriation Act,
1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct program.................... 31 34 33
--------- --------- ----------
10.00 Total obligations............... 31 34 33
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 8 8 4
22.00 New budget authority (gross)...... 30 30 29
22.10 Resources available from
recoveries of prior year
obligations..................... 2
22.30 Unobligated balance expiring...... -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 39 38 33
23.95 New obligations................... -31 -34 -33
24.40 Unobligated balance available, end
of year: Uninvested balance..... 8 4
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 30 30 29
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 12 7 12
73.10 New obligations................... 31 34 33
73.20 Total outlays (gross)............. -33 -29 -26
73.45 Adjustments in unexpired accounts. -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 7 12 19
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 23 21 20
86.93 Outlays from current balances..... 10 8 6
--------- --------- ----------
87.00 Total outlays (gross)........... 33 29 26
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 30 30 29
90.00 Outlays........................... 33 29 26
---------------------------------------------------------------------------

The funds cover the costs of operations of the Office of the
Inspector General, Agency for International Development, and include
salaries, expenses, and support costs of the Inspector General's
personnel as well as costs associated with providing for the physical
security of Agency personnel at overseas missions.

Object Classification (in millions of dollars)

Personnel compensation:

11.1 Full-time permanent............. 14 15 14
11.5 Other personnel compensation.... 1 1 1
11.8 Special personal services
payments...................... 1 1 1
--------- --------- ----------
11.9 Total personnel compensation.. 16 17 16
12.1 Civilian personnel benefits....... 4 4 4
21.0 Travel and transportation of
persons......................... 2 2 2
22.0 Transportation of things.......... 1 1
23.1 Rental payments to GSA............ 1 1 2
23.2 Rental payments to others......... 1 2 1
25.2 Other services.................... 2 3 3
25.3 Purchases of goods and services
from Government accounts........ 2 2 2
31.0 Equipment......................... 1 1 1
32.0 Land and structures............... 1
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total obligations............... 31 34 33
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 72-1007-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Total compensable workyears:
1001 Full-time equivalent employment... 207 230 229
1005 Full-time equivalent of overtime
and holiday hours............... 1 1 1
---------------------------------------------------------------------------

<F-dash>

[[Page 93]]

Public enterprise funds:

Property Management Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4175-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
32.0)........................... 6
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 2 4 6
22.00 New budget authority (gross)...... 2 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4 6 6
23.95 New obligations................... -6
24.40 Unobligated balance available, end
of year: Uninvested balance..... 4 6
----------------------------------------------------------------------------

New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 2 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1
73.10 New obligations................... 6
73.20 Total outlays (gross)............. -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 6
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 1
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.40 Offsetting collections (cash)
from: Non-Federal sources..... -2 -2
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -1 -2
---------------------------------------------------------------------------

This Fund, as authorized by Public Law 101-513, is maintained for
the deposit of proceeds from the sale of overseas property acquired by
the Agency for International Development (USAID). The proceeds are
available to construct or otherwise acquire outside the United States
(1) essential living quarters, office space, and necessary supporting
facilities for use of USAID personnel, and (2) schools (including
dormitories and boarding facilities) and hospitals for use of USAID
personnel, U.S. Government personnel, and their dependents. In addition,
the proceeds may be used to equip, staff, operate, and maintain such
schools and hospitals.

<F-dash>

Intragovernmental funds:

Advance Acquisition of Property--Revolving Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4590-0-4-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 2 1 1
24.90 Unobligated balance available, end
of year: Fund balance........... 1 1 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

A revolving fund to finance the acquisition and rehabilitation at
minimal cost of U.S. Government-owned excess property for purchase by
friendly countries and eligible organizations, for use in conjunction
with economic development programs. Excess property, most of it obtained
from the Department of Defense, includes heavy construction equipment,
vehicles, heavy machinery, electrical generating equipment, and medical
equipment and supplies. The program is self-financed from service fees
and reimbursements by equipment purchasers ultimately funded from
development assistance appropriations to the Agency for International
Development.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4590-0-4-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 2 2 1 1
------------ -------------- ------------ -------------
1999 Total assets.................... 2 2 1 1
NET POSITION:
3300 Cumulative results of operations.. 2 2 1 1
------------ -------------- ------------ -------------
3999 Total net position.............. 2 2 1 1
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2 2 1 1
-----------------------------------------------------------------------------------------------

<F-dash>

Assistance for the New Independent States of the Former Soviet Union:
Ukraine Export Credit Insurance Program Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.02 Guaranty Loan Subsidy............. 11 8
--------- --------- ----------
10.00 Total obligations (object class
41.0)......................... 11 8
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 16 13
22.21 Unobligated balance transferred to
NIS account..................... -5
22.22 Unobligated balance transferred
from NIS account................ 7
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 23 8
23.95 New obligations................... -11 -8
24.90 Unobligated balance available, end
of year: Fund balance........... 13
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 11
73.10 New obligations................... 11 8
73.20 Total outlays (gross)............. -19
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 11
----------------------------------------------------------------------------

Outlays (gross), detail:
86.93 Outlays from current balances..... 19
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 19
---------------------------------------------------------------------------

This program provides U.S. exporters with trade credit insurance to
finance exports of U.S. agricultural supplies and inputs to Ukraine.

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0402-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 81 63
--------- --------- ----------
2159 Total loan guarantee levels..... 81 63
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 13.14 13.19
--------- --------- ----------
2329 Weighted average subsidy rate... 13.14 13.19

[[Page 94]]

Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 11 8
--------- --------- ----------
2339 Total subsidy budget authority.. 11 8
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 19
--------- --------- ----------
2349 Total subsidy outlays........... 19
---------------------------------------------------------------------------

<F-dash>

Assistance for the New Independent States of the Former Soviet Union:
Ukraine Export Credit Insurance Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Default claims.................... 15
--------- --------- ----------
10.00 Total obligations............... 15
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 1 26
22.00 New financing authority (gross)... 1 25 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1 26 27
23.95 New obligations................... -15
24.90 Unobligated balance available, end
of year: Fund balance........... 1 26 12
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 1 25 1
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 15
73.20 Total financing disbursements
(gross)......................... -15
87.00 Total financing disbursements
(gross)......................... 15
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources............... -19
88.25 Interest on uninvested funds.. -1 -1
88.40 Non-Federal sources........... -1 -5
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -1 -25 -1
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -1 -25 14
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4345-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders.........
2131 Guaranteed loan commitments exempt
from limitation................. 81 63
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 81 63
2199 Guaranteed amount of guaranteed
loan commitments................ 81 63
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 81 144
2231 Disbursements of new guaranteed
loans........................... 81 63
2251 Repayments and prepayments........ -66
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -15
--------- --------- ----------
2290 Outstanding, end of year........ 81 144 63
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 81 144 63
----------------------------------------------------------------------------

Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:

2310 Outstanding, start of year......
2331 Disbursements for guaranteed
loan claims................... 15
2361 Write-offs of loans receivable..
--------- --------- ----------
2390 Outstanding, end of year...... 15
---------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4345-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 1 26 12
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:

1501 Defaulted guaranteed loans
receivable, gross............. 15
1505 Allowance for subsidy cost (-).. -15
------------ -------------- ------------ -------------
1599 Net present value of assets
related to defaulted
guaranteed loans............
------------ -------------- ------------ -------------
1999 Total assets.................... 1 26 12
LIABILITIES:
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 1 26 12
------------ -------------- ------------ -------------
2999 Total liabilities............... 1 26 12
------------ -------------- ------------ -------------
4999 Total liabilities and net position 1 26 12
-----------------------------------------------------------------------------------------------

debt reduction, financing account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Payment to liquidating acct-HG and
direct loans for debt
restructuring................... 35 5
00.02 Interest on Treasury borrowing-EAI
debt............................ 22 15 12
00.03 Interest on Treasury Borrowing-HG
and direct loans................ 2 2
--------- --------- ----------
10.00 Total obligations............... 22 52 19
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 49 1
22.00 New financing authority (gross)... 22 52 20
22.60 Redemption of debt................ -48 -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 23 52 20
23.95 New obligations................... -22 -52 -19
24.90 Unobligated balance available, end
of year: Fund balance........... 1
----------------------------------------------------------------------------

New financing authority (gross), detail:
67.15 Authority to borrow
(indefinite)-HG and direct loans 30 5
Spending authority from offsetting
collections:

68.00 Offsetting collections (cash)... 81 70 58
68.47 Portion applied to debt
reduction..................... -59 -48 -43
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 22 22 15
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 22 52 20
----------------------------------------------------------------------------

Change in unpaid obligations:
73.10 New obligations................... 22 52 19
73.20 Total financing disbursements
(gross)......................... -22 -52 -19
87.00 Total financing disbursements
(gross)......................... 22 52 19
----------------------------------------------------------------------------

[[Page 95]]

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
Federal sources:
88.00 Federal sources-EAI
reestimate................ -18
88.00 Federal sources-HG and
direct loan restructuring. -7 -3
88.25 Interest on uninvested funds-
EAI debt.................... -6 -2 -2
88.40 Repayments of principal-EAI
debt........................ -57 -61 -53
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -81 -70 -58
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... -59 -18 -38
90.00 Financing disbursements........... -59 -18 -39
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4137-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 453 396 370
1233 Disbursements: Purchase of loans
assets from a liquidating
account......................... 35 5
1251 Repayments: Repayments and
prepayments..................... -57 -61 -53
--------- --------- ----------
1290 Outstanding, end of year........ 396 370 322
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from restructuring loans administered by the Agency for
International Development.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4137-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 45 1
Investments in US securities:
1106 Interest receivable--Treasury. 2
Net value of assets related to
post-1991 direct loans
receivable:

Direct loans receivable, gross:
1401 Direct loans receivable,
gross-EAI................... 453 396 335 317
1401 Direct loans receivable,
gross-HG and direct loans... 35 5
Allowance for subsidy cost (-):
1405 Allowance for subsidy cost
(-)-EAI..................... -187 -169 -156 -146
1405 Allowance for subsidy cost
(-)-HG and direct loans..... -7 -3
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 266 227 207 173
------------ -------------- ------------ -------------
1999 Total assets.................... 313 228 207 173
LIABILITIES:
2103 Federal liabilities: Debt-EAI..... 313 228 207 173
------------ -------------- ------------ -------------
2999 Total liabilities............... 313 228 207 173
------------ -------------- ------------ -------------
4999 Total liabilities and net position 313 228 207 173
-----------------------------------------------------------------------------------------------

<F-dash>

Loan Guarantee to Israel Financing Account

Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 242 341 451
22.00 New financing authority (gross)... 99 110 105
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 341 451 556
23.95 New obligations...................
24.90 Unobligated balance available, end
of year: Fund balance........... 341 451 556
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 99 110 105
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.25 Interest on uninvested funds.. -20 -24 -20
88.40 Non-Federal sources: Fees and
premiums.................... -79 -86 -85
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -99 -110 -105
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -99 -110 -105
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4119-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 2,000 2,000
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 2,000 2,000
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 4,813 6,564 8,564
2231 Disbursements of new guaranteed
loans........................... 1,751 2,000
--------- --------- ----------
2290 Outstanding, end of year........ 6,564 8,564 8,564
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 6,564 8,564 8,564
---------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4119-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 242 341 463 463
------------ -------------- ------------ -------------
1999 Total assets.................... 242 341 463 463
LIABILITIES:
2204 Non-Federal liabilities: Estimated
Federal liability for loan
guarantees, credit reform....... 242 341 463 463
------------ -------------- ------------ -------------
2999 Total liabilities............... 242 341 463 463
-----------------------------------------------------------------------------------------------

<F-dash>

[Housing Guaranty] Urban and Environmental Credit Program Account

For the cost, as defined in section 502 of the Congressional Budget
Act of 1974, of guaranteed loans authorized by sections 221 and 222 of
the Foreign Assistance Act of 1961, [$3,500,000] including the cost of
guaranteed loans designed to promote the urban and environmental
policies and objectives of part I of such Act, $3,000,000, to remain
available until [September 30, 1998] expended: Provided, That these
funds are available to subsidize loan principal, 100 percent of which
shall be guaranteed, pursuant to the authority of such sections. In
addition, for administrative expenses to carry out guaranteed loan
programs, $6,000,000, to remain available until expended, all of which
may be transferred to and merged with the appropriation for Operating
Expenses of the Agency for International Development: Provided further,
That commitments to guarantee loans under this heading may be entered
into notwithstanding the second and third sentences of section 222(a)
and, with regard to programs for Central and Eastern Europe and programs
for the benefit of South Africans disadvantaged by apartheid, section
223(j) of the Foreign Assistance Act of 1961. (Foreign Operations,
Export Financing, and Related Programs Appropriation Act, 1997.)

[[Page 96]]

Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Balance, start of year:
01.99 Balance, start of year............ 9 9
Receipts:
02.01 AID-housing guarantees, Downward
reestimates of subsidies........ 9
--------- --------- ----------
04.00 Total: Balances and collections... 9 9 9
07.99 Total balance, end of year........ 9 9 9
---------------------------------------------------------------------------

Program and Financing (in millions of dollars)

Obligations by program activity:
00.02 Guaranteed loan subsidy........... 4 4 3
00.09 Administrative expenses........... 7 6 6
--------- --------- ----------
10.00 Total obligations............... 11 10 9
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 11 10 9
23.95 New obligations................... -11 -10 -9
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 11 10 9
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 47 38 29
73.10 New obligations................... 11 10 9
73.20 Total outlays (gross)............. -20 -21 -17
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 38 29 23
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 4 5 5
86.93 Outlays from current balances..... 16 16 12
--------- --------- ----------
87.00 Total outlays (gross)........... 20 21 17
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 11 10 9
90.00 Outlays........................... 20 21 17
---------------------------------------------------------------------------

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 82 46 46
--------- --------- ----------
2159 Total loan guarantee levels..... 82 46 46
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 9.87 7.61 6.52
--------- --------- ----------
2329 Weighted average subsidy rate... 9.87 7.61 6.52
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 4 4 3
--------- --------- ----------
2339 Total subsidy budget authority.. 4 4 3
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 15 15 11
--------- --------- ----------
2349 Total subsidy outlays........... 15 15 11
---------------------------------------------------------------------------

The Urban and Environmental Credit Program (formerly the Housing
Guaranty Program) provides long-term financing to developing countries
for innovative urban investment programs in areas such as shelter,
potable water, wastewater treatment, solid waste disposal, environmental
improvement of poor urban neighborhoods, and energy distribution. These
investments focus on improving the quality of life for the urban poor
through the development of infrastructure and the encouragement of
reforms in urban policy. The Urban and Environmental Credit Program
operates by guaranteeing loans from U.S. private investors to borrowers
in developing countries who are implementing urban programs which have
been agreed with U.S.A.I.D.

As required by the Federal Credit Reform Act of 1990, this account
records, for the Urban and Environmental Credit Program the subsidy
costs associated with the loan guarantees committed in 1992 and beyond,
as well as administrative expenses of this program. The subsidy amounts
are estimated on a present value basis; the administrative expenses are
estimated on a cash basis.

Object Classification (in millions of dollars)

Personnel compensation:

11.1 Full-time permanent............. 3 3 2
--------- --------- ----------
11.9 Total personnel compensation.. 3 3 2
25.3 Purchases of goods and services
from Government accounts........ 1 1 1
41.0 Grants, subsidies, and
contributions................... 6 5 5
99.5 Below reporting threshold......... 1 1 1
--------- --------- ----------
99.9 Total obligations............... 11 10 9
---------------------------------------------------------------------------

Personnel Summary

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
1001 Total compensable workyears: Full-
time equivalent employment...... 25 26 26
---------------------------------------------------------------------------

<F-dash>

[Housing and Other Credit Guaranty Programs] Urban and Environmental
Credit Program Guaranteed Loan Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.02 Payment of downward reestimate to
receipt account................. 10
--------- --------- ----------
10.00 Total obligations (object class
24.4)......................... 10
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 67 74 89
22.00 New financing authority (gross)... 17 15 10
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 84 89 99
23.95 New obligations................... -10
24.90 Unobligated balance available, end
of year: Fund balance........... 74 89 99
----------------------------------------------------------------------------

New financing authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 17 15 10
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Obligated
balance......................... 2 2 2
73.10 New obligations................... 10
73.20 Total financing disbursements
(gross)......................... -10
74.90 Unpaid obligations, end of year:
Obligated balance: Obligated
balance......................... 2 2 2
87.00 Total financing disbursements
(gross)......................... 10
----------------------------------------------------------------------------

Offsets:
Against gross financing authority and
financing disbursements:

Offsetting collections (cash)
from:
88.00 Federal sources: Payments from
program account............. -12 -13 -5

[[Page 97]]

88.25 Interest on uninvested funds.. -3 -1 -3
88.40 Non-Federal sources: Fees and
premiums.................... -2 -1 -2
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -17 -15 -10
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -7 -15 -10
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4344-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders.........
2131 Guaranteed loan commitments exempt
from limitation................. 82 42 46
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 82 42 46
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 179 239 314
2231 Disbursements of new guaranteed
loans........................... 60 75 50
--------- --------- ----------
2290 Outstanding, end of year........ 239 314 364
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 239 314
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from loan guarantees under the Agency for International
Development (USAID) Urban and Environmental Credit Program committed in
1992 and beyond. The amounts in this account are a means of financing
and are not included in the budget totals.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4344-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 28 35 60 60
Investments in US securities:
1106 Accounts receivable from
program accounts............ 43 36 31 31
------------ -------------- ------------ -------------
1999 Total assets.................... 71 71 91 91
LIABILITIES:
2204 Non-Federal liabilities: Estimated
Federal liability for loan
guarantees, credit reform....... 28 35 60 60
------------ -------------- ------------ -------------
2999 Total liabilities............... 28 35 60 60
NET POSITION:
3100 Appropriated capital.............. 43 36 31 31
------------ -------------- ------------ -------------
3999 Total net position.............. 43 36 31 31
------------ -------------- ------------ -------------
4999 Total liabilities and net position 71 71 91 91
-----------------------------------------------------------------------------------------------

<F-dash>

Housing and Other Credit Guaranty Programs Liquidating Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.04 Claim payments.................... 53 43 49
00.05 Interest on borrowing............. 11 12 10
--------- --------- ----------
10.00 Total obligations............... 64 55 59
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.47 Unobligated balance available,
start of year: Authority to
borrow--Debt Reduction.......... 23
22.00 New budget authority (gross)...... 64 78 64
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 64 78 87
23.95 New obligations................... -64 -55 -59
24.47 Unobligated balance available, end
of year: Authority to borrow--
Debt Reduction.................. 23 28
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.05 Appropriation (indefinite)........ 23 44 51
Spending authority from offsetting
collections:

Offsetting collections (cash):
68.00 Offsetting collections (cash). 56 36 33
68.00 Offsetting collections (Debt
Reduction).................. 23 5
68.47 Portion applied to debt
reduction..................... -15 -25 -25
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 41 34 13
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 64 78 64
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 6 5 4
73.10 New obligations................... 64 55 59
73.20 Total outlays (gross)............. -65 -56 -60
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance. 5 4 3
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 64 55 59
86.98 Outlays from permanent balances... 1 1 1
--------- --------- ----------
87.00 Total outlays (gross)........... 65 56 60
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

Offsetting collections (cash)
from:
Federal sources:
88.00 Federal sources............. -5 -6 -6
88.00 Federal sources--Debt
Reduction................. -23 -5
Non-Federal sources:
88.40 Recoveries of claims........ -20 -12 -9
88.40 Fees........................ -6 -9 -9
88.40 Interest & late pmt.
collections............... -25 -9 -9
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -56 -59 -38
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 8 19 26
90.00 Outlays........................... 10 -3 22
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 2,014 1,950 1,875
2231 Disbursements of new guaranteed
loans........................... 2 33 2
2251 Repayments and prepayments........ -44 -88 -85
2261 Adjustments: Terminations for
default that result in loans
receivable...................... -22 -20 -24
--------- --------- ----------
2290 Outstanding, end of year........ 1,950 1,875 1,768
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 1,950 1,875 1,768
----------------------------------------------------------------------------

Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:

2310 Outstanding, start of year...... 442 466 440
2331 Disbursements for guaranteed
loan claims................... 53 58 80
Repayments of loans receivable:
2351 Repayments of loans receivable -24 -12 -9
2351 Repayments of loans
receivable--Debt Reduction.. -23 -5
2361 Write-offs of loans receivable.. -5 -49 -28
--------- --------- ----------
2390 Outstanding, end of year...... 466 440 478
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this account
records, for the [Urban and Environmental Credit Program], all cash
flows to and from the Government resulting from direct loans obligated
and loan guarantees committed prior to 1992. This account is shown on a
cash basis.

[[Page 98]]

All new activity in this program in 1992 and beyond is recorded in
corresponding program and financing accounts.

Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
0111 Revenue........................... 59 20 22 20
0112 Expense........................... -178 -21 -24 -20
------------ -------------- ------------ -------------
0119 Net income or loss (-)............ -119 -1 -2
------------ -------------- ------------ -------------
0199 Net income or loss................ -119 -1 -2
-----------------------------------------------------------------------------------------------

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 6 4 5 5
1206 Non-Federal assets: Receivables,
net............................. 1
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:

Defaulted guaranteed loans,
gross:
1701 Defaulted guaranteed loans,
gross....................... 442 476 499 499
1701 Defaulted guaranteed loans,
gross--Debt Reduction....... -72 -105
1703 Allowance for estimated
uncollectible loans and
interest (-).................. -403 -453 -319 -304
1704 Defaulted guaranteed loans and
interest receivable, net...... 39 23 108 90
------------ -------------- ------------ -------------
1799 Value of assets related to
loan guarantees............. 39 23 108 90
1803 Other Federal assets: Property,
plant and equipment, net........
------------ -------------- ------------ -------------
1999 Total assets.................... 46 27 113 95
LIABILITIES:
Federal liabilities:

2102 Interest payable................ 5 5 4 4
2103 Debt............................ 125 110 85 85
2105 Other........................... 5 3 3
Non-Federal liabilities:

2201 Accounts payable................ 15
2204 Liabilities for loan guarantees. 686 654 670 670
------------ -------------- ------------ -------------
2999 Total liabilities............... 831 774 762 762
NET POSITION:
3100 Appropriated capital.............. 159 182 205 205
Cumulative results of operations:

3300 Cumulative results of operations -944 -929 -782 -767
3300 Cumulative results of
operations--Debt Reduction.... -72 -105
------------ -------------- ------------ -------------
3999 Total net position.............. -785 -747 -649 -667
------------ -------------- ------------ -------------
4999 Total liabilities and net position 46 27 113 95
-----------------------------------------------------------------------------------------------

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
33.0 Investments and loans............. 53 43 49
43.0 Interest and dividends............ 11 12 10
99.0 Subtotal, reimbursable obligations 64 55 59
--------- --------- ----------
99.9 Total obligations............... 64 55 59
---------------------------------------------------------------------------

<F-dash>

Micro and Small Enterprise Development Program Account

For the cost of direct loans and loan guarantees, $1,500,000, as
authorized by section 108 of the Foreign Assistance Act of 1961, as
amended: Provided, That such costs shall be as defined in section 502 of
the Congressional Budget Act of 1974: Provided further, That guarantees
of loans made under this heading in support of microenterprise
activities may guarantee up to 70 percent of the principal amount of any
such loans notwithstanding section 108 of the Foreign Assistance Act of
1961. In addition, for administrative expenses to carry out programs
under this heading, $500,000, all of which may be transferred to and
merged with the appropriation for Operating Expenses of the Agency for
International Development: Provided further, That funds made available
under this heading shall remain available until September 30, [1998]
1999. (Foreign Operations, Export Financing, and Related Programs
Appropriation Act, 1997.)

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Guaranty loan subsidy--
microenterprise credits......... 1 1 1
00.09 Administrative expenses........... 1
--------- --------- ----------
10.00 Total obligations............... 1 1 2
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 2 2 2
23.95 New obligations................... -1 -1 -2
24.40 Unobligated balance available, end
of year: Uninvested balance..... 1 1
----------------------------------------------------------------------------

New budget authority (gross), detail:
40.00 Appropriation..................... 2 2 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1 1
73.10 New obligations................... 1 1 2
73.20 Total outlays (gross)............. -1 -2 -2
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1 1 1
----------------------------------------------------------------------------

Outlays (gross), detail:
86.90 Outlays from new current authority 1 1 1
86.93 Outlays from current balances..... 1 1
--------- --------- ----------
87.00 Total outlays (gross)........... 1 2 2
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 2 2 2
90.00 Outlays........................... 1 2 2
---------------------------------------------------------------------------

The Microenterprise and Small Enterprise Development Credit Program
account supports private sector activities in developing countries by
providing direct loans and loan guarantees to support local micro and
small enterprises.

As required by the Federal Credit Reform Act of 1990, this account
records, for this program, the subsidy costs associated with the loan
guarantees committed in 1992 and beyond, as well as administrative
expenses of this program. The subsidy amounts are estimated on present
value basis; the administrative expenses are estimated on a cash basis.

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0400-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
2150 Loan guarantee levels............. 39 39 48
--------- --------- ----------
2159 Total loan guarantee levels..... 39 39 48
Guaranteed loan subsidy (in percent):
2320 Subsidy rate...................... 3.18 3.18 3.18
Guaranteed loan subsidy budget authority:
2330 Subsidy budget authority.......... 2 2 2
--------- --------- ----------
2339 Total subsidy budget authority.. 2 2 2
Guaranteed loan subsidy outlays:
2340 Subsidy outlays................... 1 1 2
--------- --------- ----------
2349 Total subsidy outlays........... 1 1 2
----------------------------------------------------------------------------

Administrative expense data:
3510 Budget authority.................. 1 1 1
---------------------------------------------------------------------------

[[Page 99]]

Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-0400-0-1-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
41.0 Direct obligations: Grants,
subsidies, and contributions.... 1 1 1
99.5 Below reporting threshold......... 1
--------- --------- ----------
99.9 Total obligations............... 1 1 2
---------------------------------------------------------------------------

<F-dash>

Microenterprise and Small Enterprise Development Credit Direct Loan
Financing Account

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Direct loans...................... 1 1
--------- --------- ----------
10.00 Total obligations............... 1 1
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New financing authority (gross)... 1 1
23.95 New obligations................... -1 -1
----------------------------------------------------------------------------

New financing authority (gross), detail:
67.15 Authority to borrow (indefinite).. 1 1
1 1
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1
73.10 New obligations................... 1 1
73.20 Total financing disbursements
(gross)......................... -1 -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1
87.00 Total financing disbursements
(gross)......................... 1 1
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority............... 1 1
90.00 Financing disbursements........... 1
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4342-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1131 Direct loan obligations exempt
from limitation................. 1 1
----------------------------------------------------------------------------

Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 1 2 2
1231 Disbursements: Direct loan
disbursements................... 1 1
--------- --------- ----------
1290 Outstanding, end of year........ 2 2 3
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from direct loans obligated under the Agency for International
Development (USAID) Microenterprise and Small Enterprise Development
Credit Direct Loan program in 1992 and beyond (including modifications
of direct loans that resulted from obligations in any year). The amounts
in this account are a means of financing and are not included in the
budget totals.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4342-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Net value of assets related to
post-1991 direct loans
receivable:

1401 Direct loans receivable, gross.. 1 2 2 3
------------ -------------- ------------ -------------
1499 Net present value of assets
related to direct loans..... 1 2 2 3
------------ -------------- ------------ -------------
1999 Total assets.................... 1 2 2 3
LIABILITIES:
2201 Non-Federal liabilities: Accounts
payable......................... 1 2 2 3
------------ -------------- ------------ -------------
2999 Total liabilities............... 1 2 2 3
-----------------------------------------------------------------------------------------------

<F-dash>

Microenterprise and Small Enterprise Development Guaranteed Loan
Financing Account

Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
21.90 Unobligated balance available,
start of year: Fund balance..... 1 1 1
24.90 Unobligated balance available, end
of year: Fund balance........... 1 1 1
----------------------------------------------------------------------------

Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4343-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2131 Guaranteed loan commitments exempt
from limitation................. 96 96 96
----------------------------------------------------------------------------

Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 24 26 30
2231 Disbursements of new guaranteed
loans........................... 2 4
--------- --------- ----------
2290 Outstanding, end of year........ 26 30 30
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 13 13 15
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government
resulting from loan guarantees under the Agency for International
Development (USAID) Microenterprise and Small Enterprise Development
Guarantee program committed in 1992 and beyond (including modifications
of loan guarantees that resulted from commitments in any year). The
amounts in this account are a means of financing and are not included in
the budget totals.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4343-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:

1101 Fund balances with Treasury..... 2 2 2 2
Investments in US securities:
1106 Accounts receivable from
program account............. 2
------------ -------------- ------------ -------------
1999 Total assets.................... 4 2 2 2
LIABILITIES:
2204 Non-Federal liabilities: Estimated
Federal liability for loan
guarantees, credit reform....... 2 1 1 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 2 1 1 1
NET POSITION:
3100 Appropriated capital.............. 2 1 1 2
------------ -------------- ------------ -------------
3999 Total net position.............. 2 1 1 2
------------ -------------- ------------ -------------
4999 Total liabilities and net position 4 2 2 3
-----------------------------------------------------------------------------------------------

<F-dash>

[[Page 100]]

Private Sector Revolving Fund Liquidating Account

Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Uninvested
balance......................... 4 4
22.00 New budget authority (gross)...... 3 2
22.40 Capital transfer to general fund.. -3 -3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3 3 1
24.40 Unobligated balance available, end
of year: Uninvested balance..... 4 4 1
----------------------------------------------------------------------------

New budget authority (gross), detail:
68.00 Spending authority from offsetting
collections (gross): Offsetting
collections (cash).............. 3 2
3 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 2 1 1
73.20 Total outlays (gross)............. -1
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance. 1 1 1
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 1
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

88.40 Offsetting collections (cash)
from: Non-Federal sources..... -3 -2
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -1 -2
---------------------------------------------------------------------------

Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4341-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 19 16 4
2264 Adjustments: Other adjustments,
net............................. -3 -12
--------- --------- ----------
2290 Outstanding, end of year........ 16 4 4
----------------------------------------------------------------------------

Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 8 2 2
---------------------------------------------------------------------------

As required by the Federal Credit Reform Act of 1990, this account
records, for the private sector revolving fund, all cash flows to and
from the Government resulting from direct loans obligated and loan
guarantees committed under the Private Sector Loan Fund prior to 1992.
This account is shown on a cash basis. All new activity in this program
in 1992 and beyond is recorded in corresponding program and financing
accounts.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-4341-0-3-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 2 3 1 1
------------ -------------- ------------ -------------
1599 Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
Net present value of assets
related to defaulted
guaranteed loans.............. 2 2 2
------------ -------------- ------------ -------------
1999 Total assets.................... 2 3 1 1
LIABILITIES:
2101 Federal liabilities: Accounts
payable......................... 2
2204 Non-Federal liabilities:
Liabilities for loan guarantees. 1 1 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 2 1 1 1
------------ -------------- ------------ -------------
4999 Total liabilities and net position 2 1 1 1
-----------------------------------------------------------------------------------------------

<F-dash>

Economic Assistance Loans--Liquidating Account

Program and Financing (in millions of dollars)

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 882 903 837
Capital transfer to general fund:

22.40 Capital transfer to general fund -882 -891 -837
22.40 Capital transfer to general
fund--Debt Reduction.......... -12
--------- --------- ----------
23.90 Total budgetary resources
available for obligation......
----------------------------------------------------------------------------

New budget authority (gross), detail:
Spending authority from offsetting
collections:

Offsetting collections (cash):
68.00 Offsetting collections (cash). 882 891 837
68.00 Offsetting collections
(cash)--Debt Reduction...... 12
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total)..................... 882 903 837
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 882 903 837
----------------------------------------------------------------------------

Change in unpaid obligations:
72.90 Unpaid obligations, start of year:
Obligated balance: Fund balance. 13 10 6
73.20 Total outlays (gross)............. -3 -4
74.90 Unpaid obligations, end of year:
Obligated balance: Fund balance. 10 6 6
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 3 4
----------------------------------------------------------------------------

Offsets:
Against gross budget authority and outlays:

Offsetting collections (cash)
from:
88.00 Federal sources--Debt
Reduction................... -12
Non-Federal sources:
88.40 Principal Repayments........ -558 -607 -577
88.40 Interest Collections........ -324 -284 -260
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -882 -903 -837
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -879 -899 -837
---------------------------------------------------------------------------

Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4103-0-3-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 13,278 12,649 11,977
1231 Disbursements: Direct loan
disbursements................... 3 4
Repayments:

Repayments and prepayments:
1251 Repayments and prepayments.... -558 -607 -577
1251 Repayments and prepayments--
Debt Reduction.............. -12
Write-offs for default:

Other adjustments, net:
1264 Other adjustments, net........ -74
1264 Other adjustments, net--Debt
Reduction................... -57
--------- --------- ----------
1290 Outstanding, end of year........ 12,649 11,977 11,400
---------------------------------------------------------------------------
\1\ Shows consolidation of amounts outstanding from the Economic
Support Fund, Functional Development Assistance Program, and the
Development Loans Revolving Fund.

The Economic Assistance Loans account consolidates liquidating
credit activity from four previous accounts: Economic Support Fund,
Functional Development Assistance Program, and the Development Loans
Revolving Fund. This was done to simplify presentation.

<F-dash>

[[Page 101]]

Trust Funds

Foreign Service National Separation Liability Trust Fund

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-8342-0-7-602 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
12.1)........................... 3 2 2
----------------------------------------------------------------------------

Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 2 2 2
23.95 New obligations................... -3 -2 -2
----------------------------------------------------------------------------

New budget authority (gross), detail:
60.27 Appropriation (trust fund,
indefinite)..................... 2 2 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 7 6 5
73.10 New obligations................... 3 2 2
73.20 Total outlays (gross)............. -2 -1 -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 6 5 6
----------------------------------------------------------------------------

Outlays (gross), detail:
86.97 Outlays from new permanent
authority....................... 2 1 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority.................. 2 2
90.00 Outlays........................... 2 1 1
---------------------------------------------------------------------------

This Fund is maintained to pay separation costs for Foreign Service
National employees of the Agency for International Development in those
countries in which such pay is legally required. The Fund, as authorized
by Public Law 102-138, is maintained by annual Government contributions
which are appropriated in several Agency accounts.

<F-dash>

Miscellaneous Trust Funds, Aid

Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-9971-0-7-151 1996 actual 1997 est. 1998 est.
----------------------------------------------------------------------------

Obligations by program activity:
10.00 Total obligations (object class
99.5)........................... 2
----------------------------------------------------------------------------

Budgetary resources available for obligation:
21.40 Unobligated balance available,
start of year: Treasury balance. 2 2
23.95 New obligations................... -2
24.40 Unobligated balance available, end
of year: Uninvested balance..... 2
----------------------------------------------------------------------------

Change in unpaid obligations:
72.40 Unpaid obligations, start of year:
Obligated balance: Appropriation 1 1 1
73.10 New obligations................... 2
73.20 Total outlays (gross)............. -1 -1 -1
74.40 Unpaid obligations, end of year:
Obligated balance: Appropriation 1 1
----------------------------------------------------------------------------

Outlays (gross), detail:
86.98 Outlays from permanent balances... 1 1 1
----------------------------------------------------------------------------

Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 1 1 1
---------------------------------------------------------------------------

Funds advanced by foreign countries are used to pay for procurement
in the United States of nonmilitary materials or services for programs
in those countries in accordance with bilateral agreements.

Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code 72-9971-0-7-151 1995 actual 1996 actual 1997 est. 1998 est.
-----------------------------------------------------------------------------------------------
ASSETS:
1101 Federal assets: Fund balances with
Treasury........................ 4 3 3 3
------------ -------------- ------------ -------------
1999 Total assets.................... 4 3 3 3
LIABILITIES:
2202 Non-Federal liabilities: Interest
payable......................... 1 1 1 1
------------ -------------- ------------ -------------
2999 Total liabilities............... 1 1 1 1
NET POSITION:
3300 Cumulative results of operations.. 3 3 3 3
------------ -------------- ------------ -------------
3999 Total net position.............. 3 3 3 3
------------ -------------- ------------ -------------
4999 Total liabilities and net position 4 4 4 4
-----------------------------------------------------------------------------------------------

<F-dash>