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

 
                  INTERNATIONAL DEVELOPMENT ASSISTANCE

                         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)

----------------------------------------------------------------------------
Identification code 72-1005-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 11-0091-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-1021-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

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

      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)

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

      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)

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

      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)

----------------------------------------------------------------------------
Identification code 72-1035-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

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

      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

----------------------------------------------------------------------------
Identification code 72-1000-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------
    Direct:
      Total compensable workyears:

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)

----------------------------------------------------------------------------
Identification code 72-1007-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-1007-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

      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)

----------------------------------------------------------------------------
Identification code 72-0402-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4345-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4137-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4119-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-0401-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

      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)

----------------------------------------------------------------------------
Identification code 72-4344-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4340-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-0400-0-1-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4342-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4343-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4341-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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)

----------------------------------------------------------------------------
Identification code 72-4103-0-3-151      1996 actual   1997 est.   1998 est.
----------------------------------------------------------------------------

    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>