    [Appendix]
    [Detailed Budget Estimates by Agency]
    [Funds Appropriated to the President]
    [From the U.S. Government Printing Office, www.gpo.gov]

    [[Page 69]]

                       FUNDS APPROPRIATED TO THE PRESIDENT

                               UNANTICIPATED NEEDS

                                  Federal Funds

    General and special funds:

                               Unanticipated Needs

        For expenses necessary to enable the President to meet unanticipated
    needs, in furtherance of the national interest, security, or defense
    which may arise at home or abroad during the current fiscal year;
    $1,000,000.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0037-0-1-802      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Reserved for future allocation....                                   1
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              92.0).........................                                   1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......           1                       1
    22.30 Unobligated balance expiring......          -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......                                   1
    23.95 New obligations...................                                  -1
    ----------------------------------------------------------------------------

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

        Change in unpaid obligations:
    73.10 New obligations...................                                   1
    73.20 Total outlays (gross).............                                  -1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority                                   1
    ----------------------------------------------------------------------------

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

        These funds will enable the President to meet unanticipated needs in
    furtherance of the national interest, security, or defense.

                             Emergency Requirements

                  [Unanticipated Needs] for [Natural] Disasters

        For emergency requirements of the disaster relief activities of the
    Federal Emergency Management Agency, the wildland firefighting
    activities of the Departments of Agriculture and the Interior, the flood
    control and emergency conservation activities of the Department of
    Agriculture, the emergency highways activities of the Department of
    Transportation, the disaster loan program of the Small Business
    Administration, and the flood control and coastal emergency activities
    of the Corps of Engineers, $5,800,000,000, to remain available until
    expended: Provided, That such amount is designated by Congress as an
    emergency requirement pursuant to section 251(b)(2)(D)(i) of the
    Balanced Budget and Emergency Deficit Control Act of 1985, as amended,
    which shall be available only in such amounts as the President
    designates as emergency requirements pursuant to the Act: Provided
    further, That amounts so designated by the President shall not be
    available until 15 days after the President notifies the Congress of
    such designation: Provided further, That amounts made available under
    this head may be transferred to the Federal agency authorized to conduct
    the programs and activities for which the funds are made available.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0033-0-1-453      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................           4
    22.21 Unobligated balance transferred to
            other accounts..................          -4
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................                               5,800
    40.79 Contingent appropriation not
            available.......................                              -5,800
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........
    ----------------------------------------------------------------------------

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

        This budget proposes the establishment of a contingent emergency
    reserve to fund unanticipated needs arising from both natural and man-
    made disasters. The amounts requested for this fund are based on the
    average emergency budget authority adjustment made to the discretionary
    spending caps established under the Budget Enforcement Act of 1990 (BEA)
    over the seven year period from 1991-1997. This fund is to be used by
    the Departments of Agriculture, Interior, and Transportation, the
    Federal Emergency Management Agency, the Small Business Administration,
    and the Army Corps of Engineers to cover costs that exceed budget
    assumptions for these types of requirements.

        The proposed contingency fund would allow for the use of funds among
    the disaster assistance programs specified, based upon actual need. This
    flexibility would allow the most appropriate program available to the
    government to respond to a particular natural or other disaster. The
    release of any amount of this fund could not occur until 15 days after
    the President has officially notified the Congress. This built in
    constraint is designed to give Congress appropriate time to respond, and
    at the same time not impede the Government's ability to assist
    communities stricken by a natural or other type of disaster.

        Congress has provided $1.7 billion to cover natural and other
    disasters in 1997 ($1.3 billion in emergency spending, and $0.4 billion
    in contingent emergency funding). This budget requests $5.8 billion in
    contingent funding for 1998--the average emergency spending under the
    BEA. The contingency request for future years will be based on average
    emergency funding used under the BEA.

        The BEA provided that the discretionary spending caps may be
    increased for items designated by both the President and the Congress as
    an ``emergency requirement.'' The following displays the increases, to
    the discretionary spending caps, resulting from the designation of
    emergency requirements.

                             ADJUSTMENTS TO DISCRETIONARY SPENDING CAPS FOR EMERGENCIES \1\
                                                [In billions of dollars]
    ----------------------------------------------------------------------------------------------------------------
                                                                                                           1991-1997
                                                    1991   1992   1993   1994   1995   1996   1997   1998   Average
    ----------------------------------------------------------------------------------------------------------------
    Budget Authority.............................    0.9    8.3    4.6   12.2    7.7    5.1    1.7  .....       5.8

    [[Page 70]]

    Outlays......................................    1.1    1.8    5.4    9.0   10.1    6.4    5.3    1.7       4.9

    ----------------------------------------------------------------------------------------------------------------
    \1\ Data for FY 1997 includes $0.4 billion in contingent emergency budget authority that has not yet resulted in
      cap adjustments.

        The BEA does not specify a definition for ``emergency requirement.''
    The OMB June 1991 ``Report on Costs of Domestic and International
    Emergencies and on the Threats Posed by the Kuwaiti Oil Fires,''
    required by P.L. 102-55, defines an emergency expenditure as one that
    includes the following elements:

         necessary expenditure--an essential or vital expenditure;
            not one that is merely useful or beneficial;

         sudden--quickly coming into being, not building up over
            time;

         urgent--pressing and compelling need requiring immediate
            action;

         unforeseen--not predictable or seen beforehand as a coming
            need (an emergency that is part of an aggregate level of
            anticipated emergencies, particularly when normally estimated in
            advance, would not be ``unforeseen''); and,

         not permanent--the need is temporary in nature.

        The Federal Government has historically provided most disaster
    relief funds for domestic emergencies through: FEMA's disaster relief
    fund; the SBA disaster loan program; USDA's wildland fire management
    account; Interior's wildland fire management account; Transportation's
    Federal-Aid Highways emergency relief program; and, the Corps of
    Engineers flood control and coastal emergencies program. Funding for
    these programs has been generally provided by regular appropriations for
    base non-emergency and some emergency activities, and, when necessary,
    through supplemental appropriations to address additional unforeseen
    requirements. This budget includes requests for appropriations for the
    base activities which is the higher of the 1997 enacted level, or the
    10-year average of non-emergency appropriations for each of the disaster
    assistance programs. The Federal-Aid Highway emergency relief program
    receives $100 million annually in mandatory funds and only relies on
    discretionary supplementals when the need arises.

      1998 Non-Emergency Appropriations Requests for Disaster Assistance
                                   Programs

                                                      [Budget authority in
                                                      millions of dollars]
    Department of Agriculture firefighting............                $211
    Department of Interior firefighting...............                $126
    Federal Emergency Management Agency disaster
     relief...........................................                $320
    Small Business Administration disaster loan
     program..........................................                $173
    Department of Transportation Federal-Aid Highways
     emergency relief.................................              [$100]
    Corps of Engineers flood control and coastal
     emergencies......................................                 $14
       Total Non-Emergency Appropriations Requests....                $844

                          FEDERAL DRUG CONTROL PROGRAMS

                                  Federal Funds

    General and special funds:

                  High Intensity Drug Trafficking Areas Program

                         [(including transfer of funds)]

        For necessary expenses of the Office of National Drug Control
    Policy's High Intensity Drug Trafficking Areas Program, [$127,102,000]
    $140,207,000 for drug control activities consistent with the approved
    strategy for each of the designated High Intensity Drug Trafficking
    Areas, [of which $3,000,000 shall be used for a newly designated High
    Intensity Drug Trafficking Area in Lake County, Indiana; of which
    $6,000,000 shall be used for a newly designated High Intensity Drug
    Trafficking Area for the Gulf Coast States of Louisiana, Alabama, and
    Mississippi; of which $8,000,000 shall be used for a newly designated
    High Intensity Drug Trafficking Area dedicated to combating
    methamphetamine use, production and trafficking in a five State area
    including Iowa, Missouri, Nebraska, South Dakota, and Kansas; of which
    $3,000,000 shall be used for a newly designated High Intensity Drug
    Trafficking Area in the State of Colorado; of which $3,000,000 shall be
    used for a newly designated High Intensity Drug Trafficking Area in the
    Pacific Northwest; of the total amount appropriated, including
    transferred funds,] of which no less than $71,000,000 shall be
    transferred to State and local entities for drug control activities,
    which shall be obligated within 120 days of the date of enactment of
    this act and up to $69,207,000 may be transferred to Federal agencies
    and departments at a rate to be determined by the Director[: Provided,
    That the funds made available under this head shall be obligated within
    90 days of the date of enactment of this Act]. (Executive Office
    Appropriations Act, 1997.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1070-0-1-802      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.02 Grants to State and local law
            enforcement agencies............          64          71          71
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              41.0).........................          64          71          71
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................                                  40
    22.00 New budget authority (gross)......          63         111         140
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          63         111         180
    23.95 New obligations...................         -64         -71         -71
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....                      40         107
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................         103         127         140
    41.00 Transferred to other accounts.....         -40         -29
    42.00 Transferred from other accounts...                      13
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........          64         111         140
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          63         111         140
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation          57          73          69
    73.10 New obligations...................          64          71          71
    73.20 Total outlays (gross).............         -48         -75         -71
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation          73          69          69
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          12          23          23
    86.93 Outlays from current balances.....          36          52          48
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          48          75          71
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          64         111         140
    90.00 Outlays...........................          48          75          71
    ---------------------------------------------------------------------------

        The High Intensity Drug Trafficking Areas (HIDTA) Program was
    established by the Anti-Drug Abuse Act of 1988 to provide assistance to
    Federal and State and local law enforcement entities operating in those
    areas most adversely affected by drug trafficking. Since January, 1990,
    counties in 15 areas have been designated as HIDTAs: New York; Los
    Angeles; Miami; Houston; Baltimore/Washington, DC; Puerto Rico/Virgin
    Islands; Southwest Border; Chicago; Atlanta; Philadelphia/Camden; Gulf
    Coast (Alabama, Louisiana, and Mississippi); Lake County (Indiana);
    Midwest (Iowa, Kansas, Missouri, Nebraska, and South Dakota--focused on
    methamphetamine); Pacific Northwest (Washington Cascades); and Rocky
    Mountains (Colorado, Utah, and Wyoming).

    [[Page 71]]

        Funds made available under the HIDTA program are disbursed at the
    discretion of the Director of the Office of National Drug Control Policy
    for joint local, State, and Federal initiatives.

                             Special Forfeiture Fund

                          (including transfer of funds)

        For activities to support a national media campaign for youth, and
    other purposes, authorized by Public Law 100-690, as amended,
    [$112,900,000,] $175,000,000, [of which $42,000,000 shall be transferred
    to the United States Customs Service for the conversion of one P-3AEW
    aircraft for the air interdiction program; of which $10,000,000 shall be
    available for transfer to other Federal agencies for methamphetamine
    reduction efforts; and of which $60,900,000 shall be available to the
    Director of the National Drug Control Policy for enhancing other drug
    control activities, including transfer to other Federal agencies:
    Provided, That of the amount provided, $112,900,000 is designated by
    Congress as an emergency requirement pursuant to section 251(b)(2)(D)(I)
    of the Balanced Budget and Emergency Deficit Control Act of 1985, as
    amended to become available only upon receipt by the Congress of a
    supplemental request from the President requesting such designation.] to
    remain available until expended: Provided, That such funds may be
    transferred to other Federal departments and agencies to carry out such
    activities. (Treasury, Postal Service and General Government
    Appropriations Act, 1997.)

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-5001-0-2-802      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Balance, start of year:
    01.99 Balance, start of year............           1          24          51
        Receipts:
    02.02 Forfeited cash and proceeds from
            sale of forfeited property......          23          27
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...          24          51          51
    07.99 Total balance, end of year........          24          51          51
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-5001-0-2-802      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            41.0)...........................                                 175
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................                                  71
    22.00 New budget authority (gross)......                      71         175
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......                      71         246
    23.95 New obligations...................                                -175
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....                      71          71
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................                     113         175
    41.00 Transferred to other accounts.....                     -42
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........                      71         175
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................                      71         175
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    73.10 New obligations...................                                 175
    73.20 Total outlays (gross).............                                -158
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation                                  17
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority                                 158
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                      71         175
    90.00 Outlays...........................                                 158
    ---------------------------------------------------------------------------

        The Anti-Drug Abuse Act of 1988, as amended, established the Special
    Forfeiture Fund to be administered by the Director of the Office of
    National Drug Control Policy. This Fund can receive deposits from the
    Department of Justice Assets Forfeiture Fund and the Department of the
    Treasury Assets Forfeiture Fund in addition to General Fund
    appropriations. The monies in the Fund support high-priority drug
    control programs and may be transferred to drug control agencies. The
    budget schedule does not display intended 1997 obligations or transfer
    of 1997 appropriations in the Fund. The ONDCP Director's decision
    regarding these funds will be transmitted to the Congress separately.
    Obligations directly incurred by ONDCP will be reflected in its Salaries
    and Expenses account.

                        INTERNATIONAL SECURITY ASSISTANCE

                                  Federal Funds

    General and special funds:

                              Economic Support Fund

        For necessary expenses to carry out the provisions of chapter 4 of
    part II, [$2,343,000,000] $2,497,600,000, to remain available until
    [September 30, 1998: Provided, That of the funds appropriated under this
    heading, not less than $1,200,000,000 shall be available only for
    Israel, which sum shall be available on a grant basis as a cash transfer
    and shall be disbursed within thirty days of enactment of this Act or by
    October 31, 1996, whichever is later: Provided further, That not less
    than $815,000,000 shall be available only for Egypt, which sum shall be
    provided on a grant basis, and of which sum cash transfer assistance may
    be provided, with the understanding that Egypt will undertake
    significant economic reforms which are additional to those which were
    undertaken in previous fiscal years, and of which not less than
    $200,000,000 shall be provided as Commodity Import Program assistance:
    Provided further, That in exercising the authority to provide cash
    transfer assistance for Israel and Egypt, the President shall ensure
    that the level of such assistance does not cause an adverse impact on
    the total level of nonmilitary exports from the United States to each
    such country: Provided further, That it is the sense of the Congress
    that the recommended levels of assistance for Egypt and Israel are based
    in great measure upon their continued participation in the Camp David
    Accords and upon the Egyptian-Israeli peace treaty: Provided further,
    That none of the funds appropriated under this heading shall be made
    available for Zaire.] expended. (Foreign Operations, Export Financing,
    and Related Programs Appropriation Act, 1997.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1037-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations.................       2,307       2,650       2,445
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................         208         287
    22.00 New budget authority (gross)......       2,342       2,363       2,445
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          45
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       2,595       2,650       2,445
    23.95 New obligations...................      -2,307      -2,650      -2,445
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....         287
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.00   Appropriation...................       2,360       2,363       2,498
    41.00   Transferred to other accounts...         -19                     -53
                                               ---------   ---------  ----------
    43.00     Appropriation (total).........       2,341       2,363       2,445
          Permanent:

    68.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       2,342       2,363       2,445
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation       2,775       2,799       2,984

    [[Page 72]]

    73.10 New obligations...................       2,307       2,650       2,445
    73.20 Total outlays (gross).............      -2,238      -2,465      -2,423
    73.45 Adjustments in unexpired accounts.         -45
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation       2,799       2,984       3,006
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority       1,248       1,281       1,287
    86.93 Outlays from current balances.....         990       1,184       1,136
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       2,238       2,465       2,423
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.45   Offsetting collections (cash)
              from: Offsetting governmental
              collections...................          -1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       2,341       2,363       2,445
    90.00 Outlays...........................       2,237       2,465       2,423
    ---------------------------------------------------------------------------

        This account is used to provide economic assistance to selected
    countries in support of U.S. efforts to promote stability and U.S.
    security interests in strategic regions of the world.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1037-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    25.2    Other services..................           5           5           5
    41.0    Grants, subsidies, and
              contributions.................       2,257       2,645       2,440
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..       2,262       2,650       2,445
    41.0  Allocation Account: Grants,
            subsidies, and contributions....          45
                                               ---------   ---------  ----------
    99.9    Total obligations...............       2,307       2,650       2,445
    ---------------------------------------------------------------------------

                       Foreign Military Financing Program

        For expenses necessary for grants to enable the President to carry
    out the provisions of section 23 of the Arms Export Control Act,
    [$3,164,000,000] $3,274,250,000: Provided, [That of the funds
    appropriated by this paragraph not less than $1,800,000,000 shall be
    available for grants only for Israel, and not less than $1,300,000,000
    shall be available for grants only for Egypt: Provided further, That the
    funds appropriated by this paragraph for Israel shall be disbursed
    within thirty days of enactment of this Act or by October 31, 1996,
    whichever is later: Provided further, That to the extent that the
    Government of Israel requests that funds be used for such purposes,
    grants made available for Israel by this paragraph shall, as agreed by
    Israel and the United States, be available for advanced weapons systems,
    of which not less than $475,000,000 shall be available for the
    procurement in Israel of defense articles and defense services,
    including research and development: Provided further, That of the funds
    made available under this paragraph, $30,000,000 shall be available for
    assistance on a grant basis for Poland, Hungary, and the Czech Republic
    to carry out title II of Public Law 103-477 and section 585 of Public
    Law 104-107: Provided further,] That funds made available under this
    paragraph shall be nonrepayable notwithstanding any requirement in
    section 23 of the Arms Export Control Act[: Provided further, That, for
    the purpose only of providing support for NATO expansion and the Warsaw
    Initiative Program, of the funds appropriated by this Act under the
    headings ``Assistance for Eastern Europe and the Baltic States'' and
    ``Assistance for the New Independent States of the Former Soviet
    Union'', up to a total of $7,000,000 may be transferred, notwithstanding
    any other provision of law, to the funds appropriated under this
    paragraph: Provided further, That none of the funds made available under
    this heading shall be available for any non-NATO country participating
    in the Partnership for Peace Program except through the regular
    notification procedures of the Committees on Appropriations].
        For the cost, as defined in section 502 of the Congressional Budget
    Act of 1974, of direct loans authorized by section 23 of the Arms Export
    Control Act as follows: cost of direct loans, [$60,000,000] $66,000,000:
    Provided, That these funds are available to subsidize gross obligations
    for the principal amount of direct loans of not to exceed [$540,000,000:
    Provided further, That the rate of interest charged on such loans shall
    be not less than the current average market yield on outstanding
    marketable obligations of the United States of comparable maturities:
    Provided further, That of the funds appropriated under this paragraph
    $20,000,000 shall be made available to Poland, Hungary, and the Czech
    Republic: Provided further, That funds appropriated under this heading
    shall be made available for Greece and Turkey only on a loan basis, and
    the principal amount of direct loans for each country shall not exceed
    the following: $122,500,000 only for Greece and $175,000,000 only for
    Turkey] $699,500,000.
        None of the funds made available under this heading shall be
    available to finance the procurement of defense articles, defense
    services, or design and construction services that are not sold by the
    United States Government under the Arms Export Control Act unless the
    foreign country proposing to make such procurements has first signed an
    agreement with the United States Government specifying the conditions
    under which such procurements may be financed with such funds: Provided,
    [That all country and funding level increases in allocations shall be
    submitted through the regular notification procedures of section 515 of
    this Act: Provided further,] That funds made available under this
    heading shall be obligated upon apportionment in accordance with
    paragraph (5)(C) of title 31, United States Code, section 1501(a):
    [Provided further, That none of the funds appropriated under this
    heading shall be available for Zaire, Sudan, Liberia, and Guatemala:]
    Provided further, That funds made available under this heading may be
    used, notwithstanding any other provision of law, for activities related
    to the clearance of landmines and unexploded ordnance, and may include
    activities implemented through nongovernmental and international
    organizations: Provided further, That only those countries for which
    assistance was justified for the ``Foreign Military Sales Financing
    Program'' in the fiscal year 1989 congressional presentation for
    security assistance programs may utilize funds made available under this
    heading for procurement of defense articles, defense services or design
    and construction services that are not sold by the United States
    Government under the Arms Export Control Act: Provided further, That,
    subject to the regular notification procedures of the Committees on
    Appropriations, funds made available under this heading for the cost of
    direct loans may also be used to supplement the funds available under
    this heading for grants, and funds made available under this heading for
    grants may also be used to supplement the funds available under this
    heading for the cost of direct loans: Provided further, That funds
    appropriated under this heading shall be expended at the minimum rate
    necessary to make timely payment for defense articles and services:
    Provided further, That not more than $23,250,000 of the funds
    appropriated under this heading may be obligated for necessary expenses,
    including the purchase of passenger motor vehicles for replacement only
    for use outside of the United States, for the general costs of
    administering military assistance and sales[: Provided further, That not
    more than $355,000,000 of funds realized pursuant to section 21(e)(1)(A)
    of the Arms Export Control Act may be obligated for expenses incurred by
    the Department of Defense during fiscal year 1997 pursuant to section
    43(b) of the Arms Export Control Act, except that this limitation may be
    exceeded only through the regular notification procedures of the
    Committees on Appropriations]. (Foreign Operations, Export Financing,
    and Related Programs Appropriation Act, 1997.)
        [For an additional amount for grants to enable the President to
    carry out the provisions of section 23 of the Arms Export Control Act,
    $60,000,000.] (Omnibus Consolidated Appropriations Act, 1997.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1082-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Country programs..................       3,269       3,201       3,251
    00.02 Administrative costs..............          23          23          23
                                               ---------   ---------  ----------
    10.00   Total obligations...............       3,292       3,224       3,274
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......       3,292       3,224       3,274

    [[Page 73]]

    23.95 New obligations...................      -3,292      -3,224      -3,274
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................       3,278       3,224       3,274
    42.00 Transferred from other accounts...          14
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........       3,292       3,224       3,274
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       3,292       3,224       3,274
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation       1,436       1,781       1,845
    73.10 New obligations...................       3,292       3,224       3,274
    73.20 Total outlays (gross).............      -2,946      -3,160      -3,453
    73.40 Adjustments in expired accounts...          -1
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation       1,781       1,845       1,666
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority       1,866       1,829       2,535
    86.93 Outlays from current balances.....       1,080       1,331         918
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       2,946       3,160       3,453
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       3,292       3,224       3,274
    90.00 Outlays...........................       2,946       3,160       3,453
    ---------------------------------------------------------------------------

        The foreign military financing (FMF) program enables selected
    friendly and allied countries to improve their ability to defend
    themselves by financing their acquisition of U.S. military articles,
    services, and training. This account provides the grant financing
    portion of the FMF program. Credit financing, in the form of direct
    loans, is provided in the FMF loan program account.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1082-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................          23          23          23
    41.0  Grants, subsidies, and
            contributions...................       3,269       3,201       3,251
                                               ---------   ---------  ----------
    99.9    Total obligations...............       3,292       3,224       3,274
    ---------------------------------------------------------------------------

                  International Military Education and Training

        For necessary expenses to carry out the provisions of section 541 of
    the Foreign Assistance Act of 1961, $50,000,000 [$43,475,000: Provided,
    That none of the funds appropriated under this heading shall be
    available for Zaire and Guatemala: Provided further, That funds
    appropriated under this heading for grant financed military education
    and training for Indonesia may only be available for expanded
    international military education and training]. (Foreign Operations,
    Export Financing, and Related Programs Appropriation Act, 1997.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1081-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations.................          39          43          50
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          39          43          50
    23.95 New obligations...................         -39         -43         -50
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          39          43          50
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation          23          27          35
    73.10 New obligations...................          39          43          50
    73.20 Total outlays (gross).............         -30         -35         -51
    73.40 Adjustments in expired accounts...          -5
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation          27          35          34
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          18          22          25
    86.93 Outlays from current balances.....          12          13          26
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          30          35          51
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          39          43          50
    90.00 Outlays...........................          30          35          51
    ---------------------------------------------------------------------------

        This assistance provides grant military education and training to
    military and civilian students from foreign countries. In addition to
    helping these countries move toward self-sufficiency in defending
    themselves, this program also exposes foreign students to American
    democratic values, particularly military respect for civilian rule and
    for individual and human rights.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1081-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    26.0  Supplies and materials............           4           4           5
    41.0  Grants, subsidies, and
            contributions...................          34          38          44
    99.5  Below reporting threshold.........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          39          43          50
    ---------------------------------------------------------------------------

                      military-to-military contact program

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1084-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation           6           3
    73.20 Total outlays (gross).............          -2          -3
    73.40 Adjustments in expired accounts...          -1
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation           3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from current balances.....           2           3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................           2           3
    ---------------------------------------------------------------------------

        This program financed expenses associated with direct contacts
    between U.S. military and the military establishments of Eastern Europe
    and the Baltic and Pacific regions. These contacts were designed to
    promote the development of foreign military that are non-political,
    loyal to civilian constitutional authority, structured for defensive
    needs, and respectful of human and individual rights.

                             Peacekeeping Operations

        For necessary expenses to carry out the provisions of section 551 of
    the Foreign Assistance Act of 1961, [$65,000,000] $90,000,000[:
    Provided, That none of the funds appropriated under this paragraph shall
    be obligated or expended except as provided through the regular
    notification procedures of the Committees on Appropriations]. (Omnibus
    Consolidated Appropriations Act, 1997.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1032-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            41.0)...........................          96          65          90
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          96          65          90
    23.95 New obligations...................         -96         -65         -90
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          70          65          90

    [[Page 74]]

    42.00 Transferred from other accounts...          26
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........          96          65          90
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          96          65          90
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation          29          50          40
    73.10 New obligations...................          96          65          90
    73.20 Total outlays (gross).............         -73         -75         -82
    73.40 Adjustments in expired accounts...          -1
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation          50          40          48
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          50          45          62
    86.93 Outlays from current balances.....          23          30          20
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          73          75          82
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          96          65          90
    90.00 Outlays...........................          73          75          82
    ---------------------------------------------------------------------------

        This account funds U.S. assistance to international efforts to
    monitor and maintain the peace in areas of special concern to the United
    States and to other related programs carried out in furtherance of the
    national security interests of the United States. In 1997, contributions
    are planned for the Multinational Force and Observers in the Sinai,
    Europe, Africa and other regional programs, and other activities.

                     Counter-Terrorism Assistance to Israel

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1089-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            41.0)...........................          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:
    73.10 New obligations...................          50
    73.20 Total outlays (gross).............         -50
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          50
    ----------------------------------------------------------------------------

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

        This program was created to help Israel counter terrorist threats to
    its security.

        [Nonproliferation, Anti-Terrorism, Demining and Related Programs]

        [For necessary expenses for nonproliferation, anti-terrorism and
    related programs and activities, $133,000,000, to carry out the
    provisions of chapter 8 of part II of the Foreign Assistance Act of 1961
    for anti-terrorism assistance, section 504 of the FREEDOM Support Act
    for the Nonproliferation and Disarmament Fund, section 23 of the Arms
    Export Control Act for demining activities, notwithstanding any other
    provision of law, including activities implemented through
    nongovernmental and international organizations, section 301 of the
    Foreign Assistance Act of 1961 for a voluntary contribution to the
    International Atomic Energy Agency (IAEA) and a voluntary contribution
    to the Korean Peninsula Energy Development Organization (KEDO), and for
    the acquisition and provision of goods and services, or for grants to
    Israel necessary to support the eradication of terrorism in and around
    Israel: Provided, That of this amount not to exceed $15,000,000, to
    remain available until expended, may be made available for the
    Nonproliferation and Disarmament Fund, notwithstanding any other
    provision of law, to promote bilateral and multilateral activities
    relating to nonproliferation and disarmament: Provided further, That
    such funds may also be used for such countries other than the new
    independent states of the former Soviet Union and international
    organizations when it is in the national security interest of the United
    States to do so: Provided further, That such funds shall be subject to
    the regular notification procedures of the Committees on Appropriations:
    Provided further, That funds appropriated under this heading may be made
    available for the International Atomic Energy Agency only if the
    Secretary of State determines (and so reports to the Congress) that
    Israel is not being denied its right to participate in the activities of
    that Agency: Provided further, That not to exceed $25,000,000 may be
    made available to the Korean Peninsula Energy Development Organization
    (KEDO) only for the administrative expenses and heavy fuel oil costs
    associated with the Agreed Framework: Provided further, That such funds
    may be obligated to KEDO only if, prior to such obligation of funds, the
    President certifies and so reports to Congress that (1)(A) the United
    States is taking steps to assure that progress is made on the
    implementation of the January 1, 1992, Joint Declaration on the
    Denuclearization of the Korean Peninsula and the implementation of the
    North-South dialogue, and (B) North Korea is complying with the other
    provisions of the Agreed Framework between North Korea and the United
    States and with the Confidential Minute; (2) North Korea is cooperating
    fully in the canning and safe storage of all spent fuel from its
    graphite-moderated nuclear reactors and that such canning and safe
    storage is scheduled to be completed by the end of fiscal year 1997; and
    (3) North Korea has not significantly diverted assistance provided by
    the United States for purposes for which it was not intended: Provided
    further, That the President may waive the certification requirements of
    the preceding proviso if the President determines that it is vital to
    the national security interests of the United States: Provided further,
    That no funds may be obligated for KEDO until 30 calendar days after
    submission to Congress of the waiver permitted under the preceding
    proviso: Provided further, That before obligating any funds for KEDO,
    the President shall report to Congress on (1) the cooperation of North
    Korea in the process of returning to the United States the remains of
    United States military personnel who are listed as missing in action as
    a result of the Korean conflict (including conducting joint field
    activities with the United States); (2) violations of the military
    armistice agreement of 1953; (3) the actions which the United States is
    taking to assure that North Korea is consistently taking steps to
    implement the Joint Declaration on Denuclearization of the Korean
    Peninsula and engage in North-South dialogue; and (4) all instances of
    non-compliance with the Agreed Framework between North Korea and the
    United States and the Confidential Minute, including diversion of heavy
    fuel oil: Provided further, That the obligation of such funds shall be
    subject to the regular notification procedures of the Committees on
    Appropriations: Provided further, That the Secretary of State shall
    submit to the appropriate congressional committees an annual report (to
    be submitted with the annual presentation for appropriations) providing
    a full and detailed accounting of the fiscal year request for the United
    States contribution to KEDO, the expected operating budget of the Korean
    Peninsula Energy Development Organization, to include proposed annual
    costs associated with heavy fuel oil purchases and other related
    activities, and the amount of funds pledged by other donor nations and
    organizations to support KEDO activities on a per country basis.
    (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1997.)
        For an additional amount for nonproliferation, anti-terrorism and
    related programs and activities, $18,000,000, to carry out the
    provisions of chapter 8 of part II of the Foreign Assistance Act of 1961
    for anti-terrorism assistance.] (Omnibus Consolidated Appropriations
    Act, 1997.)

    [[Page 75]]

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1075-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            41.0)...........................                     140          11
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................                                  11
    22.00 New budget authority (gross)......                     151
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......                     151          11
    23.95 New obligations...................                    -140         -11
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....                      11
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................                     151
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation                                  74
    73.10 New obligations...................                     140          11
    73.20 Total outlays (gross).............                     -66         -39
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation                      74          46
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority                      66
    86.93 Outlays from current balances.....                                  39
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........                      66          39
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                     151
    90.00 Outlays...........................                      66          39
    ---------------------------------------------------------------------------

                Assistance for Relocation of Facilities in Israel

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1088-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

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

    68.00   Offsetting collections (cash)...                       2
    68.49   Portion applied to liquidate
              contract authority............                      -2
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total).....................
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.49 Unpaid obligations, start of year:
            Obligated balance: Contract
            authority.......................           4           4
    73.20 Total outlays (gross).............                      -2
    73.40 Adjustments in expired accounts...                      -2
    74.49 Unpaid obligations, end of year:
            Obligated balance: Contract
            authority.......................           4
    ----------------------------------------------------------------------------

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

        Offsets:
          Against gross budget authority and outlays:

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

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

                Status of Contract Authority (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1088-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    0100  Balance, start of year............           4           4
    0360  Adjustments in expired accounts...                      -2
    0500  Offsetting collections applied to
            liquidate contract authority....                      -2
    0700  Balance, end of year..............           4
    ---------------------------------------------------------------------------

        This account shows financial transactions related to the
    construction of two airfields in Israel that were part of the Camp David
    agreement.

                      Nonproliferation and Disarmament Fund

                        For necessary expenses of the Nonproliferation and
                Disarmament Fund, to carry out activities contained in
                section 504 of the FREEDOM Support Act, $15,000,000, to
                remain available until expended: Provided, That such funds
                may be used for countries other than the new independent
                states of the former Soviet Union and international
                organizations when it is in the national security interest
                of the United States to do so: Provided further, That funds
                appropriated under this heading may be made available
                notwithstanding any other provision of law: Provided
                further, That funds appropriated under this heading shall be
                subject to the regular notification procedures of the
                Committees on Appropriations.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1071-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Education and training............           1           3           2
    00.02 Destruction and conversion
            assistance......................           5           2           3
    00.03 Enforcement/interdiction
            assistance......................           4           6           5
    00.04 Safeguards/verification assistance                       4           4
    00.05 Administration....................                                   1
    00.06 International Science and
            Technology Centers..............          14           1
                                               ---------   ---------  ----------
    10.00   Total obligations...............          24          16          15
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................           4          16
    22.00 New budget authority (gross)......          36                      15
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          40          16          15
    23.95 New obligations...................         -24         -16         -15
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....          16
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.00   Appropriation...................          20                      15
    42.00   Transferred from other accounts.          15
                                               ---------   ---------  ----------
    43.00     Appropriation (total).........          35                      15
          Permanent:

    68.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          36                      15
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation          13          13          14
    73.10 New obligations...................          24          16          15
    73.20 Total outlays (gross).............         -24         -15         -16
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation          13          14          13
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          19                       4
    86.93 Outlays from current balances.....           4          15          12
    86.97 Outlays from new permanent
            authority.......................           1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          24          15          16
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          35                      15
    90.00 Outlays...........................          23          15          16
    ---------------------------------------------------------------------------

        This account is used to provide financial and technical assistance
    to support nonproliferation and disarmament efforts in foreign
    countries, including education and training, elimination of weapons of
    mass destruction, and development of export control capabilities in
    foreign countries.

    [[Page 76]]

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1071-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    22.0  Transportation of things..........           1
    25.2  Other services....................           9          15          15
    41.0  Grants, subsidies, and
            contributions...................          14           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          24          16          15
    ---------------------------------------------------------------------------

    Credit accounts:

                 Foreign Military Financing Loan Program Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1085-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loan subsidy...............          59          60          66
    00.05 Reestimates of direct loan subsidy                      23
    00.06 Interest on reestimates of direct
            loan subsidy....................                       1
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              41.0).........................          59          84          66
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          59          84          66
    23.95 New obligations...................         -59         -84         -66
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.00   Appropriation...................          64          60          66
    41.00   Transferred to other accounts...          -5
                                               ---------   ---------  ----------
    43.00     Appropriation (total).........          59          60          66
          Permanent:

    60.05   Appropriation (indefinite)......                      24
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          59          84          66
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation         190         184         175
    73.10 New obligations...................          59          84          66
    73.20 Total outlays (gross).............         -66         -92         -52
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation         184         175         189
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority                       4           5
    86.93 Outlays from current balances.....          66          64          47
    86.97 Outlays from new permanent
            authority.......................                      24
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          66          92          52
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          59          84          66
    90.00 Outlays...........................          66          92          52
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, this account
    records the subsidy costs associated with the direct loans obligated for
    foreign military financing committed in 1992 and beyond, as well as the
    administrative expenses of this program. The foreign military financing
    credit program provides loans that finance sales of defense articles,
    defense services, and design and construction services to foreign
    countries and international organizations. The subsidy amounts are
    estimated on a 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 11-1085-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Direct loan levels supportable by subsidy
                    budget authority:
    1150  Direct loan levels................         544         540         700
                                               ---------   ---------  ----------
    1159    Total direct loan levels........         544         540         700
        Direct loan subsidy (in percent):
    1320  Subsidy rate......................       10.84       11.11        9.44
                                               ---------   ---------  ----------
    1329    Weighted average subsidy rate...       10.84       11.11        9.44
        Direct loan subsidy budget authority:
    1330  Subsidy budget authority..........          59          60          66
                                               ---------   ---------  ----------
    1339    Total subsidy budget authority..          59          60          66
        Direct loan subsidy outlays:
    1340  Subsidy outlays...................          66          68          52
                                               ---------   ---------  ----------
    1349    Total subsidy outlays...........          66          68          52
    ---------------------------------------------------------------------------

            Foreign Military Financing Direct Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4122-0-3-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loans......................         544         540         700
    00.02 Interest on Treasury borrowing....          77          93         124
    00.03 Payment of downward reestimate of
            subsidy to receipt account......                      10
    00.04 Payment of interest on downward
            reestimate of subsidy to receipt
            account.........................                       1
                                               ---------   ---------  ----------
    10.00   Total obligations...............         621         644         824
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New financing authority (gross)...         621         644         824
    23.95 New obligations...................        -621        -644        -824
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    67.15 Authority to borrow (indefinite)..         493         480         634
          Spending authority from offsetting
              collections:

    68.00   Offsetting collections (cash)...         140         257         370
    68.10   Receivables from program account          -7          -9          14
    68.47   Portion applied to debt
              reduction.....................          -5         -84        -194
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total).....................         128         164         190
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................         621         644         824
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
          Unpaid obligations, start of year:

    72.90   Obligated balance: Obligated
              balance.......................       1,797       1,789       1,770
    72.95   Receivables from program account         190         183         174
                                               ---------   ---------  ----------
    72.99     Total unpaid obligations,
                start of year...............       1,987       1,972       1,944
    73.10 New obligations...................         621         644         824
    73.20 Total financing disbursements
            (gross).........................        -636        -673        -683
          Unpaid obligations, end of year:

    74.90   Obligated balance: Obligated
              balance.......................       1,789       1,770       1,895
    74.95   Receivables from program account         183         174         188
                                               ---------   ---------  ----------
    74.99     Total unpaid obligations, end
                of year.....................       1,972       1,944       2,083
    87.00 Total financing disbursements
            (gross).........................         636         673         683
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
              Federal sources:
    88.00       Federal sources.............         -94         -69         -52
    88.00       Federal sources.............                     -24
    88.40     Non-Federal sources...........         -46        -164        -318
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -140        -257        -370
    88.95 Change in receivables from program
            accounts........................           7           9         -14
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............         488         396         440
    90.00 Financing disbursements...........         496         416         313
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4122-0-3-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........         544         540         700
                                               ---------   ---------  ----------

    [[Page 77]]

    1150    Total direct loan obligations...         544         540         700
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........         539       1,098       1,643
    1231  Disbursements: Direct loan
            disbursements...................         559         568         560
    1251  Repayments: Repayments and
            prepayments.....................                     -23        -160
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........       1,098       1,643       2,043
    ---------------------------------------------------------------------------

        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 for foreign military financing obligated in
    1992 and beyond. The foreign military financing credit program provides
    loans that finance sales of defense articles, defense services, and
    design and construction services to foreign countries and international
    organizations. The amounts in this account are a means of financing and
    are not included in budget totals.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   11-4122-0-3-152    1995 actual    1996 actual     1997 est.      1998 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....         310            160
            Investments in US securities:
    1106      Receivables, net..............         190            184           175            188
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..         539          1,098         1,643          2,043
    1402    Interest receivable.............           9             12            18             22
    1405    Allowance for subsidy cost (-)..         -71           -143          -212           -264
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....         477            967         1,449          1,801
    1901  Other Federal assets: Other assets       1,488          1,630         1,542          1,573
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................       2,465          2,941         3,166          3,562
        LIABILITIES:
          Federal liabilities:

    2103    Debt............................         788          1,134         1,702          2,220
    2105    Other...........................       1,487          1,623         1,289          1,154
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............       2,275          2,757         2,991          3,374
        NET POSITION:
    3100  Appropriated capital..............         190            184           175            188
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............         190            184           175            188
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position       2,465          2,941         3,166          3,562
    -----------------------------------------------------------------------------------------------

                    Foreign Military Loan Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4121-0-3-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program: Guarantee claims..          59          52          50
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              33.0).........................          59          52          50
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          59          52          50
    23.95 New obligations...................         -59         -52         -50
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    60.05 Appropriation (indefinite)........          24          16          28
          Spending authority from offsetting
              collections:

            Offsetting collections (cash):
    68.00     Offsetting collections (cash).         289         235         241
    68.00     Offsetting collections (cash):
                Debt Reduction..............                      20
    68.27   Capital transfer to general fund          -7         -16
    68.47   Portion applied to debt
              reduction.....................        -246        -203        -219
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total).....................          36          36          22
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          59          52          50
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation          11
    73.10 New obligations...................          59          52          50
    73.20 Total outlays (gross).............         -70         -52         -50
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new permanent
            authority.......................          59          52          50
    86.98 Outlays from permanent balances...          11
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          70          52          50
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources: Debt
                Reduction...................                     -20
              Non-Federal sources:
    88.40       Non-Federal sources--Claims.         -43         -36         -22
    88.40       Non-Federal sources--FFB
                  Loans.....................        -246        -199        -219
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -289        -255        -241
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................        -229        -203        -191
    90.00 Outlays...........................        -218        -203        -191
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4121-0-3-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........       7,911       7,021       6,096
    1231  Disbursements: Direct loan
            disbursements...................          35          14           9
          Repayments:

            Repayments and prepayments:
    1251      Repayments and prepayments....        -950        -872        -776
    1251      Repayments and prepayments:
                Debt Reduction..............                     -20
    1261  Adjustments: Capitalized interest.          25
    1263  Write-offs for default: Direct
            loans...........................                     -47
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........       7,021       6,096       5,329
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4121-0-3-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........       6,610       6,129       5,694
    2251  Repayments and prepayments........        -481        -431        -385
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................                      -4          -4
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       6,129       5,694       5,305
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       5,516       5,122       4,744
    ----------------------------------------------------------------------------

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

    2331    Disbursements for guaranteed
              loan claims...................          26          34          42
    2364    Other adjustments, net..........         -26         -34         -42
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, this account
    records all cash flows to and from the Government resulting from direct
    loans obligated and loan guarantees for foreign military financing
    committed prior to 1992. This account is shown on a cash basis and
    reflects the transactions resulting from loans provided to finance sales
    of defense articles, defense services, and design and construction
    services to foreign countries and international organizations. All new
    foreign military financing credit activity in 1992 and beyond (including
    modifications of direct loans or loan guarantees that resulted from
    obligations or commitments in any year) is recorded in corresponding
    program and financing accounts.

    [[Page 78]]

                            Statement of Operations (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   11-4121-0-3-152    1995 actual    1996 actual     1997 est.      1998 est.
    -----------------------------------------------------------------------------------------------
    0111  Revenue...........................        -105            282           277            260
    0112  Expense...........................        -365           -293          -277           -260
                                            ------------ --------------  ------------  -------------
    0119  Net income or loss (-)............        -470            -11
                                            ------------ --------------  ------------  -------------
    0199  Net income or loss................        -470            -11
    -----------------------------------------------------------------------------------------------

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   11-4121-0-3-152    1995 actual    1996 actual     1997 est.      1998 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................          11
          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1601    Direct loans, gross.............       7,911          7,021         6,096          5,329
    1602    Interest receivable.............         579            655           574            496
    1604    Direct loans and interest
              receivable, net...............       8,491          7,676         6,670          5,825
                                            ------------ --------------  ------------  -------------
    1699      Value of assets related to
                direct loans................       8,491          7,676         6,670          5,825
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................       8,501          7,676         6,670          5,825
        LIABILITIES:
          Federal liabilities:

    2102    Interest payable................          56             51            48             44
    2103    Debt............................       3,493          3,247         3,048          2,829
    2105    Other...........................       4,333          3,767         3,111          2,493
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............       7,882          7,065         6,207          5,366
        NET POSITION:
    3100  Appropriated capital..............          11
    3300  Cumulative results of operations..         608            611           463            459
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............         619            611           463            459
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position       8,501          7,676         6,670          5,825
    -----------------------------------------------------------------------------------------------

                    Military Debt Reduction Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4174-0-3-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Payment to liquidating account....                      20
    00.02 Interest on debt to Treasury......                       1           1
                                               ---------   ---------  ----------
    10.00   Total obligations...............                      21           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New financing authority (gross)...                      21           1
    23.95 New obligations...................                     -21          -1
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    67.15 Authority to borrow (indefinite)..                      18           1
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............                       3
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................                      21           1
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    73.10 New obligations...................                      21           1
    73.20 Total financing disbursements
            (gross).........................                     -21          -1
    87.00 Total financing disbursements
            (gross).........................                      21           1
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

    88.00   Offsetting collections (cash)
              from: Federal sources.........                      -3
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............                      18           1
    90.00 Financing disbursements...........                      18           1
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4174-0-3-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........                                  20
    1232  Disbursements: Purchase of loans
            assets from the public..........                      20
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........                      20          20
    ---------------------------------------------------------------------------

        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 foreign military loans.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   11-4174-0-3-152    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..                                       20             20
    1405    Allowance for subsidy cost (-)..                                       -3             -3
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....                                       17             17
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................                                       17             17
        LIABILITIES:
    2103  Federal liabilities: Debt.........                                       17             17
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............                                       17             17
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position                                       17             17
    -----------------------------------------------------------------------------------------------

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4174-0-3-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    33.0  Investments and loans.............                      20
    43.0  Interest and dividends............                       1           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............                      21           1
    ---------------------------------------------------------------------------

                          GENERAL FUND RECEIPT ACCOUNTS

                              [In millions of dollars]

    ----------------------------------------------------------------------------
                                             1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    Offsetting receipts from the public:
      11-146800  Interest on foreign
        military credit sales...............         245         203         142
      11-296800  Repayment of loans, foreign
        military credit sales...............         661         637         535
                                               ---------   ---------  ----------
    General Fund Offsetting receipts from
     the public.............................         906         840         677
    ---------------------------------------------------------------------------

                      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.

            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.

             [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.

            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.

               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.

                   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.

                  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.

      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.

                         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.

      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.

    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.

                    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.

    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.

                      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
    ---------------------------------------------------------------------------

               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
    ---------------------------------------------------------------------------

      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
    ---------------------------------------------------------------------------

                           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
    ---------------------------------------------------------------------------

                            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.

                      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.

                     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.

                        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
    ---------------------------------------------------------------------------

         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
    ---------------------------------------------------------------------------

          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.

    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
    ---------------------------------------------------------------------------

    [[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.

    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
    -----------------------------------------------------------------------------------------------

     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
    ---------------------------------------------------------------------------

     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
    -----------------------------------------------------------------------------------------------

                   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
    -----------------------------------------------------------------------------------------------

        [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
    ---------------------------------------------------------------------------

      [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
    -----------------------------------------------------------------------------------------------

         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
    ---------------------------------------------------------------------------

             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
    ---------------------------------------------------------------------------

      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
    -----------------------------------------------------------------------------------------------

        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
    -----------------------------------------------------------------------------------------------

    [[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
    -----------------------------------------------------------------------------------------------

                 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.

    [[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.

                         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
    -----------------------------------------------------------------------------------------------

                     OVERSEAS PRIVATE INVESTMENT CORPORATION

                                  Federal Funds

    Public enterprise funds:

                     Overseas Private Investment Corporation

                                noncredit account

        The Overseas Private Investment Corporation is authorized to make,
    without regard to fiscal year limitations, as provided by 31 U.S.C.
    9104, such expenditures and commitments within the limits of funds
    available to it and in accordance with law as may be necessary:
    Provided, That the amount available for administrative expenses to carry
    out the credit and insurance programs (including an amount for official
    reception and representation expenses which shall not exceed $35,000)
    shall not exceed $32,000,000: Provided further, That project-specific
    transaction costs, including direct and indirect costs incurred in
    claims settlements, and other direct costs associated with services
    provided to specific investors or potential investors pursuant to
    section 234 of the Foreign Assistance Act of 1961, shall not be
    considered administrative expenses for the purposes of this heading.
    (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1997.)

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Balance, start of year:
    01.99 Balance, start of year............       1,963       2,142       2,345
                                               ---------   ---------  ----------
    03.00 Offsetting Collections............         179         203         158
    04.00 Total: Balances and collections...       2,142       2,345       2,503
    07.99 Total balance, end of year........       2,142       2,345       2,503
    ---------------------------------------------------------------------------

        These balances are reserves held for potential claims and are not
    expected to be obligated.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Noncredit administrative expense..          13          13          13
    00.02 Insurance claim payments/
            provisions......................          27          30          35
    00.03 Credit administration expenses....          16          19          19
                                               ---------   ---------  ----------
    10.00   Total obligations...............          56          62          67
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................          21          20          21
    22.00 New budget authority (gross)......          56          62          67
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1           1           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          78          83          89
    23.95 New obligations...................         -56         -62         -67
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....          20          21          22
    ----------------------------------------------------------------------------

    [[Page 102]]

        New budget authority (gross), detail:
          Current:

    41.00   Transferred to other accounts...         -16         -19         -79
          Permanent:

            Spending authority from
                offsetting collections:
    68.00     Offsetting collections (cash).         235         284         304
    68.10     Change in orders on hand from
                Federal sources.............          16
    68.45     Portion not expected to be
                obligated...................        -179        -203        -158
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total)...................          72          81         146
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          56          62          67
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation          81          88         100
    73.10 New obligations...................          56          62          67
    73.20 Total outlays (gross).............         -34         -49         -59
    73.45 Adjustments in unexpired accounts.          -1          -1          -1
          Unpaid obligations, end of year:

    74.40   Obligated balance: Appropriation          88         100         108
    74.95   Orders on hand from Federal
              sources.......................          16
                                               ---------   ---------  ----------
    74.99     Total unpaid obligations, end
                of year.....................         104         100         108
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new permanent
            authority.......................          10          40          44
    86.98 Outlays from permanent balances...          24           9          15
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          34          49          59
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............                     -19         -19
    88.20     Interest on U.S. securities...        -154        -170        -181
    88.40     Non-Federal sources...........         -81         -95        -104
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -235        -284        -304
    88.95 Change in orders on hand from
            Federal sources.................         -16
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................        -195        -222        -237
    90.00 Outlays...........................        -203        -235        -245
    ---------------------------------------------------------------------------

        The Overseas Private Investment Corporation encourages the
    participation of United States private capital and skills in the
    economic and social development of developing countries and emerging
    market economies. Its primary noncredit program is political risk
    insurance against losses due to expropriation, inconvertibility, and
    political violence damage.

                      Status of Funds (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Unexpended balance, start of year:
    0100  Treasury balance..................          20          20          20
          U.S. Securities:

    0101    Par value.......................       2,065       2,252       2,468
    0102    Unrealized discounts............         -20         -22         -20
                                               ---------   ---------  ----------
    0199    Total balance, start of year....       2,065       2,250       2,468
        Cash income during the year:
          Offsetting collections:

    0280    Offsetting Collections..........         235         284         304
        Cash outgo during year:
    0500  Overseas Private Investment
            Corporation noncredit account...         -34         -49         -59
    0645  Balance transferred, net..........         -16         -19         -79
        Unexpended balance, end of year:
    0700  Treasury balance..................          20          20          20
          U.S. Securities:

    0701    Par value.......................       2,252       2,468       2,634
    0702    Unrealized discounts............         -22         -20         -20
                                               ---------   ---------  ----------
    0799    Total balance, end of year......       2,250       2,468       2,634
    ---------------------------------------------------------------------------
                                       INSURANCE PROGRAM ACTIVITY
                                        [In millions 1995 actual 1996 actual  1997 est.   1998 est.
    Aggregate insurance outstanding, start of year..      16,177      21,297      31,395      33,378
    Aggregate insurance issued during year..........       8,605      16,584       8,700      10,300
    Aggregate insurance reductions and cancellations      -3,485      -6,486      -6,358      -6,832
                                                    ------------------------------------------------
    Aggregate insurance outstanding, end of year....      21,297      31,395      33,738      37,206
    Net growth/(decline) of portfolio...............       5,120      10,098       2,342       3,468
    Net growth rate of insurance portfolio..........      31.65%      47.42%       7.46%      10.28%
                                                    ------------------------------------------------

                                      STATUS OF INSURANCE AUTHORITY

                                        [In millions 1995 actual 1996 actual  1997 est.   1998 est.
    Statutory authority limitation..................      13,500      13,500  \1\ 23,000       (\2\)
    Maximum contingent liability, end of year.......      11,501      13,386      16,734      18,454
    Estimated potential exposure to claims, end of
        year........................................       7,880       6,413       9,784      10,790
                                                    ================================================
        \1\ This is a combined insurance and finance limitation created under
    OPIC's FY97 appropriation. OPIC will monitor issuance and runoff to stay
    within the limitation.
        \2\ A new statutory limitation will be proposed in OPIC's
    reauthorization.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   71-4184-0-3-151    1995 actual    1996 actual     1997 est.      1998 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....          18             36            20             20
            Investments in US securities:
    1102      Treasury securities, par......       2,201          2,396         2,500          2,650
    1106      Receivables, net..............          44             44            44             44
    1206  Non-Federal assets: Receivables,
            net.............................          14              9            14             15
    1803  Other Federal assets: Property,
            plant and equipment, net........           9             12            14             15
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................       2,286          2,497         2,592          2,744
        LIABILITIES:
    2101  Federal liabilities: Accounts
            payable.........................           3
          Non-Federal liabilities:

    2201    Accounts payable................          55             56            58             60
    2207    Other...........................          84            108           130            155
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         142            164           188            215
        NET POSITION:
    3300  Cumulative results of operations..       2,144          2,333         2,404          2,529
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............       2,144          2,333         2,404          2,529
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position       2,286          2,497         2,592          2,744
    -----------------------------------------------------------------------------------------------

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           5           5           6
    12.1  Civilian personnel benefits.......           2           2           2
    21.0  Travel and transportation of
            persons.........................           1           1           1
    23.2  Rental payments to others.........           2           2           2
    25.2  Other services....................           3           3           2
    25.3  Purchases of goods and services
            from Government accounts........          16          19          19
    42.0  Insurance claims and indemnities..          27          30          35
    99.0  Subtotal, reimbursable obligations          56          62          67
                                               ---------   ---------  ----------
    99.9    Total obligations...............          56          62          67
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Total compensable workyears:
    2001  Full-time equivalent employment...          71          80          80
    2005  Full-time equivalent of overtime
            and holiday hours...............           1           1           1
    ---------------------------------------------------------------------------

    [[Page 103]]

    Credit accounts:

             Overseas Private Investment Corporation Program Account

        For the cost of direct and guaranteed loans, [$72,000,000]
    $60,000,000, as authorized by section 234 of the Foreign Assistance Act
    of 1961, to be derived by transfer from the Overseas Private Investment
    Corporation Noncredit Account: 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 such sums shall
    be available for direct loan obligations and loan guaranty commitments
    incurred or made during fiscal years [1997 and] 1998 and 1999: Provided
    further, That such sums shall remain available through fiscal year
    [2005] 2006 for the disbursement of direct and guaranteed loans
    obligated in fiscal year 1998 [1997], and through fiscal year [2006]
    2007 for the disbursement of direct and guaranteed loans obligated in
    fiscal year 1999 [1998: Provided further, That section 235(a)(3) of the
    Foreign Assistance Act of 1961 (22 U.S.C. 2195(a)(3)) is amended by
    striking out ``1996'' and inserting in lieu thereof ``1997'' and,
    notwithstanding section 235(a)(1) of the Foreign Assistance Act of 1961
    (22 U.S.C. 2195(a)(1)), the maximum contingent liability of issuing
    authority for insurance and financing shall not in the aggregate exceed
    the amounts provided in section 235(a)(1) and (2) of that Act]. In
    addition, such sums as may be necessary for administrative expenses to
    carry out the credit program may be derived from amounts available for
    administrative expenses to carry out the credit and insurance programs
    in the Overseas Private Investment Corporation Noncredit Account and
    merged with said account. (Foreign Operations, Export Financing, and
    Related Programs Appropriation Act, 1997.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-0100-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loan subsidy...............           2           4           4
    00.02 Guaranteed loan subsidy...........          66          60          68
    00.03 Credit administrative expenses....          16          19          19
                                               ---------   ---------  ----------
    10.00   Total obligations...............          84          83          91
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................          43          37          45
    22.00 New budget authority (gross)......          88          91          79
    22.21 Unobligated balance transferred to
            other accounts..................         -10
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         121         128         124
    23.95 New obligations...................         -84         -83         -91
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....          37          45          33
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          72          72
    42.00 Transferred from other accounts...          16          19          79
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........          88          91          79
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          88          91          79
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation         117         176         174
    73.10 New obligations...................          84          83          91
    73.20 Total outlays (gross).............         -26         -85         -81
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation         176         174         184
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority                      22          21
    86.93 Outlays from current balances.....          26          63          60
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          26          85          81
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          88          91          79
    90.00 Outlays...........................          26          85          81
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 71-0100-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Direct loan levels supportable by subsidy
                    budget authority:
    1150  Direct loan levels................         133         133         133
                                               ---------   ---------  ----------
    1159    Total direct loan levels........         133         133         133
        Direct loan subsidy (in percent):
    1320  Subsidy rate......................        3.00        3.00        3.00
                                               ---------   ---------  ----------
    1329    Weighted average subsidy rate...        3.00        3.00        3.00
        Direct loan subsidy budget authority:
    1330  Subsidy budget authority..........           4           4           4
                                               ---------   ---------  ----------
    1339    Total subsidy budget authority..           4           4           4
        Direct loan subsidy outlays:
    1340  Subsidy outlays...................           1           4           4
                                               ---------   ---------  ----------
    1349    Total subsidy outlays...........           1           4           4
    ----------------------------------------------------------------------------

        Guaranteed loan levels supportable by subsidy
                    budget authority:
    2150  Loan guarantee levels.............       2,250       2,250       1,800
                                               ---------   ---------  ----------
    2159    Total loan guarantee levels.....       2,250       2,250       1,800
        Guaranteed loan subsidy (in percent):
    2320  Subsidy rate......................        3.00        3.00        3.00
                                               ---------   ---------  ----------
    2329    Weighted average subsidy rate...        3.00        3.00        3.00
        Guaranteed loan subsidy budget authority:
    2330  Subsidy budget authority..........          68          68          56
                                               ---------   ---------  ----------
    2339    Total subsidy budget authority..          68          68          56
        Guaranteed loan subsidy outlays:
    2340  Subsidy outlays...................          22          46          58
                                               ---------   ---------  ----------
    2349    Total subsidy outlays...........          22          46          58
    ----------------------------------------------------------------------------

        Administrative expense data:
    3510  Budget authority..................          16          19          19
    3590  Outlays...........................           3          35          19
    ---------------------------------------------------------------------------

        The Overseas Private Investment Corporation encourages the
    participation of United States private capital and skills in the
    economic and social development of developing countries and emerging
    market economies. Its primary credit program is investment financing
    through loans and guaranteed loans.

        As required by the Federal Credit Reform Act of 1990, the Program
    Account records the subsidy costs associated with the direct loans
    obligated and loan guarantees committed in 1992 and beyond (including
    modifications of direct loans or loan guarantees that resulted from
    obligations or commitments in any year), 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 71-0100-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           6           7           7
    12.1  Civilian personnel benefits.......           2           2           2
    21.0  Travel and transportation of
            persons.........................           1           1           1
    23.2  Rental payments to others.........           3           3           3
    25.2  Other services....................           3           4           4
    41.0  Grants, subsidies, and
            contributions...................          68          64          72
    99.5  Below reporting threshold.........           1           2           2
                                               ---------   ---------  ----------
    99.9    Total obligations...............          84          83          91
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 71-0100-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......         108         120         120
    ---------------------------------------------------------------------------

    [[Page 104]]

      Overseas Private Investment Corporation Direct Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4074-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loans......................          49         133         133
    00.02 Interest on Treasury borrowing....           4           9           9
                                               ---------   ---------  ----------
    10.00   Total obligations...............          53         142         142
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................           2           6           9
    22.00 New financing authority (gross)...          58         145         147
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          60         151         156
    23.95 New obligations...................         -53        -142        -142
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....           6           9          14
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    67.15 Authority to borrow (indefinite)..          47         129         129
          Spending authority from offsetting
              collections:

    68.00   Offsetting collections (cash)...          10          16          18
    68.10   Receivables from program account           1
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total).....................          11          16          18
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................          58         145         147
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
          Unpaid obligations, start of year:

    72.90   Obligated balance: Obligated
              balance.......................          38          65         132
    72.95   Receivables from program account           3           4           4
                                               ---------   ---------  ----------
    72.99     Total unpaid obligations,
                start of year...............          41          69         136
    73.10 New obligations...................          53         142         142
    73.20 Total financing disbursements
            (gross).........................         -24         -75         -75
          Unpaid obligations, end of year:

    74.90   Obligated balance: Obligated
              balance.......................          65         132         199
    74.95   Receivables from program account           4           4           4
                                               ---------   ---------  ----------
    74.99     Total unpaid obligations, end
                of year.....................          69         136         203
    87.00 Total financing disbursements
            (gross).........................          24          75          75
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -1          -3          -3
              Non-Federal sources:
    88.40       Repayments of principal.....          -2          -2          -3
    88.40       Interest received on loans..          -6          -8          -8
    88.40       Fees........................          -1          -1          -2
    88.40       Proceeds from loan assets
                  sales.....................                      -2          -2
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -10         -16         -18
    88.95 Change in receivables from program
            accounts........................          -1
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............          47         129         129
    90.00 Financing disbursements...........          15          59          57
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4074-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........
    1131  Direct loan obligations exempt
            from limitation.................          49         133         133
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...          49         133         133
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          52          72         130
    1231  Disbursements: Direct loan
            disbursements...................          22          60          60
    1251  Repayments: Repayments and
            prepayments.....................          -2          -2          -3
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........          72         130         187
    ---------------------------------------------------------------------------
        \1\ Enacted limitation was for both direct and guaranteed loans
    combined. This level is the expected direct loan amount from that
    limitation.

        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 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   71-4074-0-3-151    1995 actual    1996 actual     1997 est.      1998 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....           4             11            10             10
            Investments in US securities:
    1106      Receivables, net..............           3              4             6              8
    1206  Non-Federal assets: Receivables,
            net.............................           3                            2              2
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..          53             72           130            187
    1402    Interest receivable.............           1              1
    1404    Foreclosed property.............                                        2
    1405    Allowance for subsidy cost (-)..          -6            -10           -15            -20
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....          48             63           117            167
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................          58             78           135            187
        LIABILITIES:
          Federal liabilities:

    2101    Accounts payable................           3              4             6              8
    2102    Interest payable................           2              4
    2103    Debt............................          49             69           128            178
    2207  Non-Federal liabilities: Other....           1              1             1              1
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............          55             78           135            187
        NET POSITION:
    3300  Cumulative results of operations..           3
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............           3
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position          58             78           135            187
    -----------------------------------------------------------------------------------------------

       Overseas Private Investment Corporation Guaranteed Loan Financing
                                     Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4075-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.03 Default Claims....................           9          20          50
    00.04 Capitalized Costs.................           2           2           2
                                               ---------   ---------  ----------
    10.00   Total obligations...............          11          22          52
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.90 Unobligated balance available,
            start of year: Fund balance.....          55         106         191
    22.00 New financing authority (gross)...          63         107         138
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         118         213         329
    23.95 New obligations...................         -11         -22         -52
    24.90 Unobligated balance available, end
            of year: Fund balance...........         106         191         277
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    68.00 Spending authority from offsetting
            collections (gross): Offsetting
            collections (cash)..............          63         107         138
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.90 Unpaid obligations, start of year:
            Obligated balance: Obligated
            balance.........................           5           4           4
    73.10 New obligations...................          11          22          52
    73.20 Total financing disbursements
            (gross).........................         -12         -22         -52
    74.90 Unpaid obligations, end of year:
            Obligated balance: Obligated
            balance.........................           4           4           4
    87.00 Total financing disbursements
            (gross).........................          12          22          52
    ----------------------------------------------------------------------------

    [[Page 105]]

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources: Payments from
                program account.............         -24         -46         -58
    88.25     Interest on uninvested funds..          -4          -7         -10
    88.40     Non-Federal sources: Fees and
                premiums....................         -35         -54         -70
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -63        -107        -138
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........         -50         -85         -86
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4075-0-3-151      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.................       2,000       2,250       1,800
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................       2,000       2,250       1,800
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........         515       1,335       2,781
    2231  Disbursements of new guaranteed
            loans...........................         847       1,500       1,900
    2251  Repayments and prepayments........         -27         -54        -500
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       1,335       2,781       4,181
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       1,335       2,781       4,181
    ----------------------------------------------------------------------------

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

    2310    Outstanding, start of year......           8          15          32
    2331    Disbursements for guaranteed
              loan claims...................           9          20          50
    2351    Repayments of loans receivable..          -2          -3         -11
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......          15          32          71
    ---------------------------------------------------------------------------

        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 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   71-4075-0-3-151    1995 actual    1996 actual     1997 est.      1998 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................          60            112           200            280
    1206  Non-Federal assets: Receivables,
            net.............................           4              6            19             17
          Net value of assets related to
              post-1991 acquired defaulted
              guaranteed loans receivable:

    1501    Defaulted guaranteed loans
              receivable, gross.............           7             15            32             71
                                            ------------ --------------  ------------  -------------
    1599      Net present value of assets
                related to defaulted
                guaranteed loans............           7             15            32             71
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................          71            133           251            368
        LIABILITIES:
    2103  Federal liabilities: Debt.........           4              4             4
          Non-Federal liabilities:

    2204    Liabilities for loan guarantees.          36             97           218            339
    2207    Other...........................          19             26            19             17
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............          59            127           241            356
        NET POSITION:
    3300  Cumulative results of operations..          12              6            10             12
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............          12              6            10             12
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position          71            133           251            368
    -----------------------------------------------------------------------------------------------
        \1\ Enacted limitation was for both direct and guaranteed loans
    combined. This level is the expected guaranteed loan amount from that
    limitation.

           Overseas Private Investment Corporation Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4030-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.12 Reimbursable Guaranty provisions/
            claim payments..................           8          15          15
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              43.0).........................           8          15          15
    ----------------------------------------------------------------------------

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

    21.90   Fund balance....................          69         100          31
    21.91   U.S. Securities: Par value......          35          35          35
                                               ---------   ---------  ----------
    21.99     Total unobligated balance,
                start of year...............         104         135          66
    22.00 New budget authority (gross)......          40          33          25
    22.10 Resources available from
            recoveries of prior year
            obligations.....................                       1           1
    22.40 Capital transfer to general fund..                     -88         -40
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         144          81          52
    23.95 New obligations...................          -8         -15         -15
          Unobligated balance available, end of year:

    24.90   Fund balance....................         100          31           2
    24.91   U.S. Securities: Par value......          35          35          35
                                               ---------   ---------  ----------
    24.99   Total unobligated balance, end
              of year.......................         135          66          37
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    68.00 Spending authority from offsetting
            collections (gross): Offsetting
            collections (cash)..............          40          33          25
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation           5           6           9
    73.10 New obligations...................           8          15          15
    73.20 Total outlays (gross).............          -8         -10         -10
    73.45 Adjustments in unexpired accounts.                      -1          -1
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation           6           9          13
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.98 Outlays from permanent balances...           8          10          10
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.20     Interest on U.S. securities...          -3          -3          -3
    88.40     Non-Federal sources...........         -37         -30         -22
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -40         -33         -25
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         -33         -23         -15
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4030-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          84          53          31
    1231  Disbursements: Direct loan
            disbursements...................           8           3
    1251  Repayments: Repayments and
            prepayments.....................         -28         -20         -12
    1264  Write-offs for default: Other
            adjustments, net................         -11          -5          -3
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........          53          31          16
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4030-0-3-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........         287         216         161

    [[Page 106]]

    2231  Disbursements of new guaranteed
            loans...........................           8          20           5
    2251  Repayments and prepayments........         -78         -75         -75
    2264  Adjustments: Other adjustments,
            net.............................          -1
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........         216         161          91
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..         216         161          91
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, this account
    records, for this 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. All new activity
    in this program in 1992 and beyond (including modifications of direct
    loans or loan guarantees that resulted from obligations or commitments
    in any year) is recorded in corresponding program, financing, and
    noncredit accounts.

                            Statement of Operations (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   71-4030-0-3-151    1995 actual    1996 actual     1997 est.      1998 est.
    -----------------------------------------------------------------------------------------------
    0101  Revenue...........................          52             12            12             12
    0102  Expense...........................         -18              9            -2             -2
                                            ------------ --------------  ------------  -------------
    0109  Net income or loss (-)............          34             21            10             10
    -----------------------------------------------------------------------------------------------

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   71-4030-0-3-151    1995 actual    1996 actual     1997 est.      1998 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....          73            106            80             59
            Investments in US securities:
    1102      Treasury securities, par......          35             35            35             35
    1106      Receivables, net..............           1              1             1              1
    1206  Non-Federal assets: Receivables,
            net.............................           1              1             1              1
          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1601    Direct loans, gross.............          83             53            31             16
    1603    Allowance for estimated
              uncollectible loans and
              interest (-)..................         -34            -18           -17            -14
    1604    Direct loans and interest
              receivable, net...............          49             35            14              2
                                            ------------ --------------  ------------  -------------
    1699      Value of assets related to
                direct loans................          49             35            14              2
    1706    Foreclosed property.............           3              3             3              3
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................         162            181           134            101
        LIABILITIES:
    2104  Federal liabilities: Resources
            payable to Treasury.............                         43            45             40
    2207  Non-Federal liabilities: Other....          15             15            12             10
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............          15             58            57             50
        NET POSITION:
    3200  Invested capital..................          50             50            50             50
    3300  Cumulative results of operations..          97             73            27              1
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............         147            123            77             51
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position         162            181           134            101
    -----------------------------------------------------------------------------------------------

                          Trade and Development Agency

                                  Federal Funds

    General and special funds:

                          trade and development agency

        For necessary expenses to carry out the provisions of section 661 of
    the Foreign Assistance Act of 1961, [$40,000,000] $43,000,000, to remain
    available until September 30, 1999: Provided, That the Trade and
    Development Agency may receive reimbursements from corporations and
    other entities for the costs of grants for feasibility studies and other
    project planning services, to be deposited as an offsetting collection
    to this account and to be available for obligation until September 30,
    [1998] 1999, for necessary expenses under this paragraph: Provided
    further, That such reimbursements shall not cover, or be allocated
    against, direct or indirect administrative costs of the agency. (Foreign
    Operations, Export Financing, and Related Programs Appropriation Act,
    1997.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1001-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations.................          56          55          43
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Treasury balance.           8          11           1
    22.00 New budget authority (gross)......          49          45          43
    22.22 Unobligated balance transferred
            from Assistance for NIS.........          10
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          67          56          44
    23.95 New obligations...................         -56         -55         -43
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....          11           1           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          40          40          43
    42.00 Transferred from other accounts...           9           5
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........          49          45          43
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          49          45          43
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation          76          78          78
    73.10 New obligations...................          56          55          43
    73.20 Total outlays (gross).............         -52         -56         -50
    73.40 Adjustments in expired accounts...          -2
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation          78          78          71
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          11          12          12
    86.93 Outlays from current balances.....          41          44          38
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          52          56          50
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          49          45          43
    90.00 Outlays...........................          52          56          50
    ---------------------------------------------------------------------------

        These funds are for the costs of the U.S. Trade and Development
    Agency (TDA), including program costs of grants for feasibility studies
    and other project planning activities, and those of managing the TDA
    programs, such as salaries and expenses of direct hire personnel and
    obtaining the services of consultants. TDA finances these activities for
    major projects in the developing world to foster economic development
    and to encourage the use of U.S. technology, goods, and services in
    project implementation.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1001-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           2           2           2
    12.1  Civilian personnel benefits.......           1           1           1
    25.1  Advisory and assistance services..           1           1           1

    [[Page 107]]

    41.0  Grants, subsidies, and
            contributions...................          51          50          38
    99.5  Below reporting threshold.........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          56          55          43
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-1001-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......          35          38          41
    ---------------------------------------------------------------------------

                                   Peace Corps

                                  Federal Funds

    General and special funds:

                                   peace corps

        For expenses necessary to carry out the provisions of the Peace
    Corps Act (75 Stat. 612), [$208,000,000] $222,000,000, including the
    purchase of not to exceed five passenger motor vehicles for
    administrative purposes for use outside of the United States: Provided,
    That none of the funds appropriated under this heading shall be used to
    pay for abortions: Provided further, That funds appropriated 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 11-0100-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
          Direct program:

    00.01   Africa Region...................          52          53          52
    00.02   Asia Pacific Region.............          17          17          16
    00.03   Europe, Central Asia, and
              Mediterranean.................          27          28          27
    00.04   Inter-American Region...........          31          31          29
    00.05   Other Volunteer Support.........          97          97          99
                                               ---------   ---------  ----------
    00.91     Total direct program..........         224         226         223
    01.01 Reimbursable program..............           8          10           9
                                               ---------   ---------  ----------
    10.00   Total obligations...............         232         236         232
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................          12           5
    22.00 New budget authority (gross)......         227         231         232
    22.22 Unobligated balance transferred
            from other accounts.............                       1
    22.30 Unobligated balance expiring......          -1          -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         238         236         232
    23.95 New obligations...................        -232        -236        -232
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....           5
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.00   Appropriation...................         205         208         222
    42.00   Transferred from other accounts.          13          12
                                               ---------   ---------  ----------
    43.00     Appropriation (total).........         218         220         222
          Permanent:

    68.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           9          11          10
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         227         231         232
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation          60          68          54
    73.10 New obligations...................         232         236         232
    73.20 Total outlays (gross).............        -222        -250        -233
    73.40 Adjustments in expired accounts...          -2
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation          68          54          53
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority         167         176         178
    86.93 Outlays from current balances.....          47          63          45
    86.97 Outlays from new permanent
            authority.......................           8          11          10
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         222         250         233
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -9         -11         -10
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         218         220         222
    90.00 Outlays...........................         214         239         223
    ---------------------------------------------------------------------------

        Peace Corps operating expenses will provide direct and indirect
    support for approximately 6,600 Americans engaged in voluntary services
    in 89 countries worldwide in 1997. The Volunteers help fill the trained
    manpower needs of developing countries and encourage self-sustaining
    development of skilled manpower. Peace Corps promotes mutual
    understanding between the peoples of the developing world and the United
    States and focuses the attention of the American people on the concepts
    of voluntarism and self-help at the grassroots level.

        Africa Region.--The Africa Region will support 1,277 new trainees
    and an average of 2,254 Volunteers during 1997. These Volunteers and
    trainees will work in 30 sub-Saharan countries, in the areas of
    agriculture, education, economic development, health, and environment.

        Asia Pacific Region.--In 1997 an average of 762 Volunteers will work
    in this diverse region, with Peace Corps programs in 17 countries
    ranging from Nepal to nations in the Pacific. This office will support
    436 new trainees in programs mainly in the areas of education, health
    and environment.

        Europe, Central Asia, and Mediterranean.--In 1997 an average of
    1,336 Volunteers will work in 20 countries in Eastern and Central
    Europe, the former Soviet Union, and North Africa. The region will
    support 874 new trainees, who will work primarily in education, economic
    development, and environment.

        Inter-American Region.--An average of 1,623 Volunteers will work in
    22 countries in the Caribbean, Central America, and South America, in
    the areas of environment, agriculture, economic development, education,
    and health. This office will also fund 890 new trainees in 1997.

        Other Volunteer Support.--These activities fund a wide range of
    Volunteer- and program-related costs, including medical support for
    Volunteers, recruitment and placement, technical resources, domestic
    programs, policy and direction, and related administration and
    oversight.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0100-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          44          46          45
    11.3      Other than full-time permanent           2           1           1
    11.5      Other personnel compensation..           1           1           1
              Special personal services
                  payments:
    11.8        Special personal services
                  payments..................           1           1           1
    11.8        Trainees and volunteers.....          21          20          19
                                               ---------   ---------  ----------
    11.9        Total personnel compensation          69          69          67
    12.1    Civilian personnel benefits.....          40          42          42
    13.0    Benefits for former personnel...           1           1           1
    21.0    Travel and transportation of
              persons.......................          24          26          25
    22.0    Transportation of things........           2           2           2
    23.1    Rental payments to GSA..........           6           6           6
    23.2    Rental payments to others.......           6           7           7
    23.3    Communications, utilities, and
              miscellaneous charges.........           8           6           6
    24.0    Printing and reproduction.......           1           1           1
    25.2    Other services..................          33          35          36
    25.3    Purchases of goods and services
              from Government accounts......           5           6           6
    25.6    Medical care....................          11           9          10
    25.7    Operation and maintenance of
              equipment.....................           1           1           1
    26.0    Supplies and materials..........           9           8           7
    31.0    Equipment.......................           7           6           5
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..         223         225         222

    [[Page 108]]

    99.0  Reimbursable obligations..........           7           9           8
    99.5  Below reporting threshold.........           2           2           2
                                               ---------   ---------  ----------
    99.9    Total obligations...............         232         236         232
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-0100-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Direct:
          Total compensable workyears:

    1001    Full-time equivalent employment.       1,090       1,146       1,132
    1005    Full-time equivalent of overtime
              and holiday hours.............           4           4           4
        Reimbursable:
    2001  Total compensable workyears: Full-
            time equivalent employment......           5           5           5
    ---------------------------------------------------------------------------

                      Peace Corps Miscellaneous Trust Funds

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-9972-0-7-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Balance, start of year:
    01.99 Balance, start of year............
        Receipts:
    02.01 Miscellaneous trust funds, Peace
            Corps...........................                       1           1
        Appropriation:
    05.01 Peace Corps miscellaneous trust
            fund............................          -1          -1          -1
                                               ---------   ---------  ----------
    05.99 Subtotal appropriation............                      -1          -1
    07.99 Total balance, end of year........
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-9972-0-7-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            26.0)...........................           1           1           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................           2           2           1
    22.00 New budget authority (gross)......           1           1           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           3           2           2
    23.95 New obligations...................          -1          -1          -1
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....           2           1           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    60.27 Appropriation (trust fund,
            indefinite).....................           1           1           1
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    73.10 New obligations...................           1           1           1
    73.20 Total outlays (gross).............          -1          -1          -1
    ----------------------------------------------------------------------------

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

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

        Miscellaneous contributions received by gift, devise, bequest, or
    from foreign governments are used in furtherance of the program, as
    authorized by 22 U.S.C. 2509(a)(3) (75 Stat. 612, as amended). Trust
    funds also include a fund to pay separation costs for Foreign Service
    National employees of the Peace Corps in those countries in which such
    pay is legally authorized. The fund, as authorized by Public Law 102-
    138, is maintained by annual Government contributions which are
    appropriated in the Peace Corps salaries and expenses account.

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-9972-0-7-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......           3           3           3
    ---------------------------------------------------------------------------

                            Inter-American Foundation

                                  Federal Funds

    General and special funds:

                            inter-american foundation

                        For expenses necessary to carry out the functions of
                the Inter-American Foundation in accordance with section 401
                of the Foreign Assistance Act of 1969, and to make such
                contracts and commitments without regard to fiscal year
                limitations, as provided by 31 U.S.C. 9104, $22,000,000.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-3100-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Development Grants................          15          17          19
    00.02 Development Research and
            Evaluation......................           1           1           1
    00.03 In-country Support................           3           3           3
    00.04 Program Management and Operation..           6           7           7
                                               ---------   ---------  ----------
    10.00   Total obligations...............          25          28          30
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.90 Unobligated balance available,
            start of year: Fund balance.....           8          16          16
    22.00 New budget authority (gross)......          34          28          30
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          42          44          46
    23.95 New obligations...................         -25         -28         -30
    24.90 Unobligated balance available, end
            of year: Fund balance...........          16          16          16
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.00   Appropriation...................                                  22
    42.00   Transferred from other accounts.          20          20
                                               ---------   ---------  ----------
    43.00     Appropriation (total).........          20          20          22
          Permanent:

    68.00   Spending authority from
              offsetting collections: Funds
              Availability (&Z).............          14           8           8
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          34          28          30
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
          Unpaid obligations, start of year:

    72.40   Obligated balance: Appropriation          27          21          13
    72.95   Orders on hand from Federal
              sources.......................           1           1           1
                                               ---------   ---------  ----------
    72.99     Total unpaid obligations,
                start of year...............          28          22          14
    73.10 New obligations...................          25          28          30
    73.20 Total outlays (gross).............         -33         -36         -33
          Unpaid obligations, end of year:

    74.40   Obligated balance: Appropriation          21          13          11
    74.95   Orders on hand from Federal
              sources.......................           1           1           1
                                               ---------   ---------  ----------
    74.99     Total unpaid obligations, end
                of year.....................          22          14          12
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          11          10          11
    86.93 Outlays from current balances.....          13          16          13
    86.97 Outlays from new permanent
            authority.......................           4           3           3
    86.98 Outlays from permanent balances...           5           7           6
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          33          36          33
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........         -14          -8          -8
    ----------------------------------------------------------------------------

    [[Page 109]]

        Net budget authority and outlays:
    89.00 Budget authority..................          20          20          22
    90.00 Outlays...........................          19          28          25
    ---------------------------------------------------------------------------

        Established by the 1969 Foreign Assistance Act, the Inter-American
    Foundation supports grassroots development initiatives in Latin America
    and the Caribbean with a direct impact on the lives and the capacity for
    self reliance of people at the lowest economic levels. In addition to
    appropriations and private gifts, the Foundation is funded by annual
    transfers from the Social Progress Trust Fund administered by the Inter-
    American Development Bank. In FY 1998, the IAF will continue its new
    strategic programming approach which emphasizes: 1) building
    partnerships among grassroots organizations, NGOs, local governments,
    and private sector institutions to foster local social and economic
    development, and 2) expanding access to local public and private sector
    resources for grassroots development. The IAF will continue to refine
    its system of measuring the results of its grants for the purposes of
    identifying and disseminating innovative development approaches for the
    benefit of the major development funders and development practitioners.
    Using information derived from the Results System/Grassroots Development
    Framework and other data arising from its grantmaking activities, the
    Foundation will implement a new system, developed in fiscal year 1997,
    to systematically incorporate lessons learned back into the Foundation's
    strategic planning and grant decision-making processes. It will also
    disseminate the results assessment system and development information to
    partner organizations in the region and other donors and grassroots
    practitioners in general.

        Development Grants.--This activity includes the cost of all grants
    made directly to grassroots membership and service organizations to
    carry out development projects in Latin America and the Caribbean. In
    1998, the Foundation plans to award approximately 110 grants and 190
    grant supplements in 17 countries.

        Development Research and Evaluation.--This activity funds grants and
    fellowships for grassroots development research and for the evaluation
    of the Foundation's projects.

        In-country Support.--Resources associated with this activity are
    used by local development professionals in Latin America and the
    Caribbean to provide grantees with technical assistance and training
    when necessary to conduct and assess the results of their projects.

        Program Management and Operation.--This activity includes Foundation
    expenses for salaries and benefits, travel expenses, rent, service
    contracts, and other support costs.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-3100-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

          Personnel compensation:

    11.1    Full-time permanent.............           4           4           4
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..           4           4           4
    12.1  Civilian personnel benefits.......           1           1           1
    23.2  Rental payments to others.........           1           1           1
    25.1  Advisory and assistance services..           3           3           3
    41.0  Grants, subsidies, and
            contributions...................          16          18          20
    99.5  Below reporting threshold.........                       1           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          25          28          30
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-3100-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......          63          68          68
    ---------------------------------------------------------------------------

                         African Development Foundation

                                  Federal Funds

    General and special funds:

                         african development foundation

                        For the necessary expenses to carry out Title V of
                the International Security and Development Cooperation Act
                of 1980, Public Law 96-533, and to make such contract
                commitments without regard to fiscal year limitations, as
                provided by 31 U.S.C. 9104, $14,000,000: Provided, That
                funds made available to grantees may be invested pending
                expenditure for project purposes when authorized by the
                President of the Foundation: Provided further, That interest
                earned shall be used only for the purposes for which the
                grant was made: Provided further, That this authority
                applies to interest earned both prior to and following
                enactment of this provision: Provided further, That
                notwithstanding section 505(a)(2) of the African Development
                Foundation Act, in exceptional circumstances the board of
                directors of the Foundation may waive the $250,000
                limitation contained in that section with respect to a
                project: Provided further, That the Foundation shall provide
                a report to the Committees on Appropriations, after each
                time such waiver authority is exercised.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0700-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Development Grants................           5           6           8
    00.02 Strategic Partnerships,
            Development Research and
            Dissemination...................                       1           1
    00.03 In-country Support................           2           1           1
    00.04 Program Management and Operation..           4           4           4
                                               ---------   ---------  ----------
    10.00   Total obligations...............          11          12          14
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          12          12          14
    23.95 New obligations...................         -11         -12         -14
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................                                  14
    42.00 Transferred from other accounts...          12          12
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........          12          12          14
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          12          12          14
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation          17          15          14
    73.10 New obligations...................          11          12          14
    73.20 Total outlays (gross).............         -13         -12         -13
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation          15          14          15
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority           5           5           6
    86.93 Outlays from current balances.....           8           7           7
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          13          12          13
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          12          12          14
    90.00 Outlays...........................          13          12          13
    ---------------------------------------------------------------------------

        The African Development Foundation (ADF) is a public corporation
    which plays a unique role within the U.S. Government's foreign
    assistance programs in Africa. Through its small grants program, ADF has
    a record of delivering high impact, low cost assistance to support the
    development of micro-enterprise, agro-business, water, energy, and
    environmental initiatives at the grassroots level. The Foundation has
    pioneered participatory development in Africa and its grants have
    strengthened African institutions and local capacities. All ADF-funded
    activities are locally conceived, and small grants are made directly to
    private grassroots African groups to enable them to solve their own
    problems. ADF assistance is premised on self-help and fosters self-
    reliance through its promotion of African leadership and ownership of
    the development process.

    [[Page 110]]

        Over the past two years, the Foundation has taken significant steps
    to enhance its efficiency and effectiveness. Operating costs were
    decreased through staff reductions and country closures. To increase its
    development impact, the Foundation has developed a Corporate Strategic
    Plan and is developing individual country strategic plans for the 14
    countries in which it remains engaged. These plans include clear
    objectives and quantifiable performance criteria. The Foundation is also
    pursuing strategic partnerships with the private sector and other donors
    to leverage additional resources and to develop new models of assistance
    for Africa.

        Development Grants.--This activity funds projects of up to $250,000
    each, designed and implemented by grassroots African organizations.

        Strategic Partnerships, Development Research and Dissemination.--
    These activities are funds used to establish strategic partnerships
    designed to leverage additional resources for development, to support
    applied research on critical development problems by African reseachers,
    and to disseminate research results and lessons learned from the
    Foundation's activities.

        In-Country Support.--This activity funds technical assistance and
    other support given by African professionals to ADF-funded projects.

        Program Management and Operation.--This activity funds expenses for
    staff salaries and benefits, rent, travel, communications, and other
    support costs.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0700-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           2           2           2
    12.1  Civilian personnel benefits.......           1           1           1
    41.0  Grants, subsidies, and
            contributions...................           7           9          10
    99.5  Below reporting threshold.........           1                       1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          11          12          14
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-0700-0-1-151      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......          30          30          32
    ---------------------------------------------------------------------------

                         INTERNATIONAL MONETARY PROGRAMS

                                  Federal Funds

    General and special funds:

                United States Quota, International Monetary Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0003-0-1-155      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.02 Valuation adjustment on IMF
            reserve position................         976
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              33.0).........................         976
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................      15,827      15,598      15,598
    22.10 Resources available from
            recoveries of prior year
            obligations.....................       2,805
    22.30 Unobligated balance expiring......      -2,059
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......      16,573      15,598      15,598
    23.95 New obligations...................        -976
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....      15,598      15,598      15,598
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation      25,170      22,666      22,666
    73.10 New obligations...................         976
    73.20 Total outlays (gross).............        -675
    73.45 Adjustments in unexpired accounts.      -2,805
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation      22,666      22,666      22,666
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.98 Outlays from permanent balances...         675
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         675
    ---------------------------------------------------------------------------

        The Administration is in the process of reviewing quotas as part of
    the IMF's Eleventh General Review of Quotas. In this context, an
    authorization and appropriation for Fiscal Year 1998 or for subsequent
    years for an increase in the United States quota may be sought.
    Consultation with Congress will take place as the discussions within the
    IMF on the next quota increase proceed. A specific amount for any agreed
    increase in the United States quota resulting from these negotiations
    will be requested upon their conclusion.

        In accordance with the budgetary treatment recommended by the
    Presidential Commission on Budgetary Concepts in 1968 and modifies by
    the Congress in 1980, United States transactions with the IMF will not
    be scored as outlays and thus will not increase the deficit. Under this
    approach, any increase in the U.S. quota would not be scored as a budget
    outlay. This is because the United States receives an increase in its
    international reserve asset corresponding to any transfer under the U.S.
    quota subscription. The United States can use these interest-bearing
    reserves automatically to meet a balance of payments financing need.

        Following the precedent of the Budget Enforcement Act of 1990, we
    will propose to amend that Act so that there is an adjustment to the
    discretionary spending limitation for the budget authority for such an
    appropriation.

                      Loans to International Monetary Fund

                        For loans to the International Monetary Fund under
                the New Arrangements to Borrow, the dollar equivalent of
                2,462,000,000 Special Drawing Rights, to remain available
                until expended; in addition, up to the dollar equivalent of
                4,250,000,000 Special Drawing Rights previously appropriated
                by the Act of November 30, 1983 (Public Law 98-181), and the
                Act of October 23, 1962 (Public Law 87-872), for the General
                Arrangements to Borrow, may also be used for the New
                Arrangements to Borrow. (Authorizing legislation required.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0074-0-1-155      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................       6,078       6,078       6,078
    22.00 New budget authority (gross)......                               3,521
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       6,078       6,078       9,599
    23.95 New obligations...................
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....       6,078       6,078       9,599
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................                               3,521
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                               3,521
    90.00 Outlays...........................
    ---------------------------------------------------------------------------

    [[Page 111]]

        The General Arrangements to Borrow (GAB) was established in 1962 by
    10 industrial countries, including the United States, as a means of
    supplementing the IMF's resources when needed to forestall or cope with
    an impairment of the international monetary system.

        Authorization and appropriations for Fiscal Year 1998 in the dollar
    equivalent of 2,462 million Special Drawing Rights to cover the
    unappropriated United States share of the proposed New Arrangements to
    Borrow (NAB) is being sought. The Executive Board of the IMF is expected
    to take a formal decision on the New Arrangements to Borrow early in
    1997. The proposed New Arrangements to Borrow is a set of individual
    credit lines, modeled on the existing GAB, extended to the IMF by a
    number of countries to be used to supplement the IMF's resources in
    responding to financial crises that threaten the international monetary
    system.

        In accordance with the budgetary treatment recommended by the
    Presidential Commission on Budgetary Concepts in 1968 and modified by
    the Congress in 1980, United States transactions with the IMF will not
    be scored as outlays and thus will not increase the deficit. Any amount
    appropriated for the New Arrangements to Borrow will be treated in the
    same way as amounts already appropriated for the GAB. Under this
    budgetary treatment, financing extended by the United States under the
    GAB would not be scored as an outlay because the United States receives
    an increase in its international reserve assets corresponding to any
    transfer to the IMF under the U.S. credit.

        During 1996, no calls were made on the U.S. commitment under the
    GAB, and no U.S. loans were outstanding at the end of the year.

         Contribution to Enhanced Structural Adjustment Facility of the
                           International Monetary Fund

                        For payment to the Interest Subsidy Account of the
                Enhanced Structural Adjustment Facility of the International
                Monetary Fund, $7,000,000, to remain available until
                expended.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0005-0-1-155      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Contribution for subsidy..........                                   7
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              41.0).........................                                   7
    ----------------------------------------------------------------------------

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

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

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation         116          97          71
    73.10 New obligations...................                                   7
    73.20 Total outlays (gross).............         -19         -26         -24
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation          97          71          54
    ----------------------------------------------------------------------------

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

    86.93 Outlays from current balances.....          19          26          24
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          19          26          24
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                   7
    90.00 Outlays...........................          19          26          24
    ---------------------------------------------------------------------------

        The Enhanced Structural Adjustment Facility (ESAF) was created in
    1987 to enable the International Monetary Fund to provide balance of
    payments assistance on concessional terms tping countries with
    protracted payments problems. Borrowers must be prepared to adopt multi-
    year economic and structural reform programs.

        The resources of the ESAF are provided through loans to the ESAF
    Trust and special interest subsidy contributions by member countries.
    Nearly $7.5 billion in concessional loans have been committed under the
    original facility. In 1994 the IMF membership agreed to a successor
    ESAF, bringing the total loan amount available to roughly $15 billion.
    Loans are disbursed over a three-year period with repayments ending 10
    years from the date of disbursement. The interest subsidy contributions
    underwrite a 0.5 percent concessional rate of interest.

        The Congress approved $150 million for the U.S. contribution to the
    initial ESAF interest subsidy account. The Administration offered to
    contribute an additional $100 million to the interest subsidy account of
    the enhanced ESAF, with outlays to occur over a 15-year period beginning
    in Fiscal Year 1997. Congress authorized and appropriated $25 million in
    Fiscal Year 1995. The Administration sought but did not receive
    appropriations of $25 million in Fiscal Year 1996 and $7 million in
    Fiscal Year 1997. The Administration is seeking an appropriation of $7
    million for Fiscal Year 1998. It is also seeking authorization of the
    full amount of the remaining $75 million of the commitment.

                             MILITARY SALES PROGRAMS

                                  Federal Funds

    Public enterprise funds:

                        Special Defense Acquisition Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4116-0-3-155      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            25.2)...........................                       2           7
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.90 Unobligated balance available,
            start of year: Fund balance.....         343         194         194
    22.10 Resources available from
            recoveries of prior year
            obligations.....................                       2           1
    22.40 Capital transfer to general fund..        -149
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         194         196         195
    23.95 New obligations...................                      -2          -7
    24.90 Unobligated balance available, end
            of year: Fund balance...........         194         194         188
    ----------------------------------------------------------------------------

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

    68.00   Offsetting collections (cash)...         173         166         106
    68.27   Capital transfer to general fund        -173        -166        -106
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total).....................
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.90 Unpaid obligations, start of year:
            Obligated balance: Fund balance.         111          75          43
    73.10 New obligations...................                       2           7
    73.20 Total outlays (gross).............         -36         -32         -22
    73.45 Adjustments in unexpired accounts.                      -2          -1
    74.90 Unpaid obligations, end of year:
            Obligated balance: Fund balance.          75          43          27
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.98 Outlays from permanent balances...          36          32          22
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....        -173        -166        -106
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................        -173        -166        -106

    [[Page 112]]

    90.00 Outlays...........................        -137        -134         -84
    ---------------------------------------------------------------------------

        This fund shows the financing transactions related to the transfer
    of defense articles and services to foreign countries and international
    organizations. This program is being phased out.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   11-4116-0-3-155    1995 actual    1996 actual     1997 est.      1998 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....         454            269           237            215
            Investments in US securities:
    1106      Receivables, net..............          25             34            25             25
    1802  Other Federal assets: Inventories
            and related properties..........         204            138            52             37
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................         683            441           314            277
        LIABILITIES:
    2101  Federal liabilities: Accounts
            payable.........................                          1
          Non-Federal liabilities:

    2201    Accounts payable................                          1
    2207    Other...........................         161            239           280            277
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         161            241           280            277
        NET POSITION:
    3200  Invested capital..................         522            200            34
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............         522            200            34
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position         683            441           314            277
    -----------------------------------------------------------------------------------------------

                                   Trust Funds

                        Foreign Military Sales Trust Fund

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8242-0-7-155      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
        Balance, start of year:
    01.99 Encumbered future receipts, start
            of year.........................     -18,788     -19,340     -20,100
        Receipts:
    02.01 Deposits, advances, foreign
            military sales..................      14,747      13,760      13,400
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...      -4,041      -5,580      -6,700
        Appropriation:
    05.01 Foreign military sales trust fund.     -15,299     -14,520     -13,490
    07.99 Total balance, end of year........     -19,340     -20,100     -20,190
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8242-0-7-155      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
          Reimbursable activity:

    00.01   Military personnel..............          96          91          84
    00.02   Operations and maintenance......         292         277         257
    00.03   Procurement.....................      13,020      12,338      11,498
    00.04   Research, development, test, and
              evaluation....................          23          21          20
    00.05   Special defense acquisition fund         173         166         106
    00.06   Revolving and mgt funds.........       1,201       1,140       1,059
    00.07 Construction......................         139         132         123
    00.08 Other.............................         355         355         343
                                               ---------   ---------  ----------
    09.00   Sub-total, Reimbursable
              Obligations...................      15,299      14,520      13,490
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              25.3).........................      15,299      14,520      13,490
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......      15,299      14,520      13,490
    23.95 New obligations...................     -15,299     -14,520     -13,490
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    60.27 Appropriation (trust fund,
            indefinite).....................      14,747      13,760      13,400
    60.49 Portion applied to liquidate
            contract authority..............     -14,747     -13,760     -13,400
                                               ---------   ---------  ----------
    63.00   Appropriation (total)...........
    66.15 Contract authority (indefinite)...      15,299      14,520      13,490
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................      15,299      14,520      13,490
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
          Unpaid obligations, start of year:

            Obligated balance:
    72.40     Appropriation.................       5,462       5,887       5,987
    72.49     Contract authority............      18,788      19,340      20,100
                                               ---------   ---------  ----------
    72.99     Total unpaid obligations,
                start of year...............      24,250      25,227      26,087
    73.10 New obligations...................      15,299      14,520      13,490
    73.20 Total outlays (gross).............     -14,323     -13,660     -13,280
          Unpaid obligations, end of year:

            Obligated balance:
    74.40     Appropriation.................       5,887       5,987       6,107
    74.49     Contract authority............      19,340      20,100      20,190
                                               ---------   ---------  ----------
    74.99     Total unpaid obligations, end
                of year.....................      25,227      26,087      26,297
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new permanent
            authority.......................       1,647       1,571       1,527
    86.98 Outlays from permanent balances...      12,676      12,089      11,753
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........      14,323      13,660      13,280
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................      15,299      14,520      13,490
    90.00 Outlays...........................      14,323      13,660      13,280
    ---------------------------------------------------------------------------

                Status of Contract Authority (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8242-0-7-155      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
    0100  Balance, start of year............      18,788      19,340      20,100
        Contract authority:
    0200  Contract authority................      15,299      14,520      13,490
    0400  Appropriation to liquidate
            contract authority..............     -14,747     -13,760     -13,400
    0700  Balance, end of year..............      19,340      20,100      20,190
    ---------------------------------------------------------------------------

        This trust fund facilitates government-to-government sales of
    defense articles, defense services, and design and construction
    services. Estimates of sales used in this budget are (in millions of
    dollars):

                                         1996 actual  1997 est.   1998 est.
    Estimates of new orders (sales).....      10,339      10,555      10,544

        Orders placed through this trust fund can be combined with
    procurement for U.S. military departments. The savings are shared by the
    United States and foreign governments. The net impact of foreign
    military sales on the budget is (in thousands of dollars):

                                         1996 actual  1997 est.   1998 est.
    Obligations of the fund.............      15,299      14,520      13,490
    Receipts from foreign governments
    (appropriation).....................     -14,747     -13,760     -13,400
                                        ------------------------------------
        Net budget authority............         562         760          90
                                        ====================================
    Payments from the fund (outlays)....      14,322      13,660      13,280
    Receipts from foreign governments
    (appropriation).....................     -14,747     -13,760     -13,400
                                        ------------------------------------
        Net outlays.....................        -425        -100        -120
                                        ====================================

                     Kuwait Civil Reconstruction Trust Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8238-0-7-155      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................           3           3
    22.30 Unobligated balance expiring......                      -3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           3
    24.40 Unobligated balance available, end
            of year: Uninvested balance.....           3
    ----------------------------------------------------------------------------

    [[Page 113]]

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

        This trust fund was established to show the U.S. costs in helping
    the Government of Kuwait survey and assess the cost of repairing its
    civil infrastructure. The Government of Kuwait reimburses the United
    States with its own funds for all incurred expenses. Any unused funds
    will be returned to the Government of Kuwait.

                     SPECIAL ASSISTANCE FOR CENTRAL AMERICA

                                  Federal Funds

    General and special funds:

                       Demobilization and Transition Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1500-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            41.0)...........................           3
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested
            balance.........................           3
    23.95 New obligations...................          -3
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation           6           6           3
    73.10 New obligations...................           3
    73.20 Total outlays (gross).............          -4          -3          -3
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation           6           3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from current balances.....           4           3           3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................           4           3           3
    ---------------------------------------------------------------------------

        Funds for this account were transferred from Foreign Military
    Financing pursuant to P.L. 101-513, to support costs of demobilization,
    retraining, relocation, and reemployment in civilian pursuits of former
    combatants in the conflict in El Salvador.

                   Central American Reconciliation Assistance

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1038-0-1-152      1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Appropriation           1           1           1
    74.40 Unpaid obligations, end of year:
            Obligated balance: Appropriation           1           1           1
    ----------------------------------------------------------------------------

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

        Funds for this account were transferred from the Department of
    Defense in accordance with Public Law 101-14 in order to provide
    humanitarian assistance to the Nicaraguan democratic resistance.
    Adjustments to the account were made in Public Law 101-119 and Public
    Law 101-215.

                       Other Consolidated Receipt Accounts

                               (in millions of dollars)

    ----------------------------------------------------------------------------
                                             1996 actual   1997 est.   1998 est.
    ----------------------------------------------------------------------------
      72-972110  Miscellaneous credit reform
        accounts, AID.......................           9
    ---------------------------------------------------------------------------

                           TITLE V--GENERAL PROVISIONS

                  Obligations During Last Month of Availability

        Sec. 501. Except for the appropriations entitled ``International
    Disaster Assistance'', and ``United States Emergency Refugee and
    Migration Assistance Fund'', not more than 15 per centum of any
    appropriation item made available by this Act shall be obligated during
    the last month of availability.

          Prohibition of Bilateral Funding for International Financial
                                  Institutions

        Sec. 502. None of the funds contained in title II of this Act may be
    used to carry out the provisions of section 209(d) of the Foreign
    Assistance Act of 1961.

                         Limitation on Residence Expenses

        Sec. 503. Of the funds appropriated or made available pursuant to
    this Act, not to exceed $126,500 shall be for official residence
    expenses of the Agency for International Development during the current
    fiscal year: Provided, That appropriate steps shall be taken to assure
    that, to the maximum extent possible, United States-owned foreign
    currencies are utilized in lieu of dollars.

                              Limitation on Expenses

        Sec. 504. Of the funds appropriated or made available pursuant to
    this Act, not to exceed $5,000 shall be for entertainment expenses of
    the Agency for International Development during the current fiscal year.

                    Limitation on Representational Allowances

        Sec. 505. Of the funds appropriated or made available pursuant to
    this Act, not to exceed $95,000 shall be available for representation
    allowances for the Agency for International Development during the
    current fiscal year: Provided, That appropriate steps shall be taken to
    assure that, to the maximum extent possible, United States-owned foreign
    currencies are utilized in lieu of dollars: Provided further, That of
    the funds made available by this Act for general costs of administering
    military assistance and sales under the heading ``Foreign Military
    Financing Program'', not to exceed $2,000 shall be available for
    entertainment expenses and not to exceed $50,000 shall be available for
    representation allowances: Provided further, That of the funds made
    available by this Act under the heading ``International Military
    Education and Training'', not to exceed $50,000 shall be available for
    entertainment allowances: Provided further, That of the funds made
    available by this Act for the Inter-American Foundation, not to exceed
    $2,000 shall be available for entertainment and representation
    allowances: Provided further, That of the funds made available by this
    Act for the Peace Corps, not to exceed a total of $4,000 shall be
    available for entertainment expenses: Provided further, That of the
    funds made available by this Act under the heading ``Trade and
    Development Agency'', not to exceed $2,000 shall be available for
    representation and entertainment allowances.

                      Prohibition on Financing Nuclear Goods

        Sec. 506. None of the funds appropriated or made available (other
    than funds for ``Nonproliferation, Antiterrorism, Demining and Related
    Programs'') pursuant to this Act, for carrying out the Foreign
    Assistance Act of 1961, may be used, except for purposes of nuclear
    safety, to finance the export of nuclear equipment, fuel, or technology.

             Prohibition Against Direct Funding for Certain Countries

        Sec. 507. None of the funds appropriated or otherwise made available
    pursuant to this Act shall be obligated or expended to finance directly
    any assistance or reparations to Cuba, Iraq, Libya, North Korea, Iran,
    Sudan, or Syria, unless the President determines that to do so is in the
    national interest of the United States: Provided, That for purposes of
    this section, the prohibition on obligations or expenditures shall
    include direct loans, credits, insurance and guarantees of the Export-
    Import Bank or its agents.

    [[Page 114]]

                                  Military Coups

        Sec. 508. None of the funds appropriated or otherwise made available
    pursuant to this Act shall be obligated or expended to finance directly
    any assistance to any country whose duly elected Head of Government is
    deposed by military coup or decree, unless the President determines that
    to do so is in the national interest of the United States: Provided,
    That assistance may be resumed to such country if the President
    determines and reports to the Committees on Appropriations that
    subsequent to the termination of assistance a democratically elected
    government has taken office.

                            Transfers Between Accounts

        Sec. 509. None of the funds made available by this Act may be
    obligated under an appropriation account to which they were not
    appropriated, except for transfers specifically provided for in this
    Act, unless the President, prior to the exercise of any authority
    contained in the Foreign Assistance Act of 1961 to transfer funds,
    consults with and provides a written policy justification to the
    Committees on Appropriations of the House of Representatives and the
    Senate.

                       Deobligation/Reobligation Authority

        Sec. 510. (a) Amounts certified pursuant to section 1311 of the
    Supplemental Appropriations Act, 1955, as having been obligated against
    appropriations heretofore made under the authority of the Foreign
    Assistance Act of 1961 for the same general purpose as any of the
    headings under title II of this Act are, if deobligated, hereby
    continued available for the same period as the respective appropriations
    under such headings or until September 30, [1997] 1998, whichever is
    later, and for the same general purpose, and for countries within the
    same region as originally obligated: Provided, That the Appropriations
    Committees of both Houses of the Congress are notified fifteen days in
    advance of the reobligation of such funds in accordance with regular
    notification procedures of the Committees on Appropriations.
         (b) Obligated balances of funds appropriated to carry out section
    23 of the Arms Export Control Act as of the end of the fiscal year
    immediately preceding the current fiscal year are, if deobligated,
    hereby continued available during the current fiscal year for the same
    purpose under any authority applicable to such appropriations under this
    Act: Provided, That the authority of this subsection may not be used in
    fiscal year [1997] 1998.

                              Availability of Funds

        Sec. 511. No part of any appropriation contained in this Act shall
    remain available for obligation after the expiration of the current
    fiscal year unless expressly so provided in this Act: Provided, That
    funds appropriated for the purposes of chapters 1, 8, and 11 of part I,
    section 667, and chapter 4 of part II of the Foreign Assistance Act of
    1961, as amended, and funds provided under the heading ``Assistance for
    Eastern Europe and the Baltic States'', shall remain available until
    expended if such funds are initially obligated before the expiration of
    their respective periods of availability contained in this Act: Provided
    further, That, notwithstanding any other provision of this Act, any
    funds made available for the purposes of chapter 1 of part I and chapter
    4 of part II of the Foreign Assistance Act of 1961 which are allocated
    or obligated for cash disbursements in order to address balance of
    payments or economic policy reform objectives, shall remain available
    until expended: Provided further, That the report required by section
    653(a) of the Foreign Assistance Act of 1961 shall designate for each
    country, to the extent known at the time of submission of such report,
    those funds allocated for cash disbursement for balance of payment and
    economic policy reform purposes.

                 Limitation on Assistance to Countries in Default

        Sec. 512. No part of any appropriation contained in this Act shall
    be used to furnish assistance to any country which is in default during
    a period in excess of one calendar year in payment to the United States
    of principal or interest on any loan made to such country by the United
    States pursuant to a program for which funds are appropriated under this
    Act, unless the President determines that furnishing assistance to such
    country is in the national interest of the United States: Provided, That
    this section and section 620(q) of the Foreign Assistance Act of 1961
    shall not apply to funds made available in this Act or during the
    current fiscal year for Nicaragua, and for any narcotics-related
    assistance for Colombia, Bolivia, and Peru authorized by the Foreign
    Assistance Act of 1961 or the Arms Export Control Act.

                              [Commerce and Trade]

        [Sec. 513. (a) None of the funds appropriated or made available
    pursuant to this Act for direct assistance and none of the funds
    otherwise made available pursuant to this Act to the Export-Import Bank
    and the Overseas Private Investment Corporation shall be obligated or
    expended to finance any loan, any assistance or any other financial
    commitments for establishing or expanding production of any commodity
    for export by any country other than the United States, if the commodity
    is likely to be in surplus on world markets at the time the resulting
    productive capacity is expected to become operative and if the
    assistance will cause substantial injury to United States producers of
    the same, similar, or competing commodity: Provided, That such
    prohibition shall not apply to the Export-Import Bank if in the judgment
    of its Board of Directors the benefits to industry and employment in the
    United States are likely to outweigh the injury to United States
    producers of the same, similar, or competing commodity, and the Chairman
    of the Board so notifies the Committees on Appropriations.]
        [(b) None of the funds appropriated by this or any other Act to
    carry out chapter 1 of part I of the Foreign Assistance Act of 1961
    shall be available for any testing or breeding feasibility study,
    variety improvement or introduction, consultancy, publication,
    conference, or training in connection with the growth or production in a
    foreign country of an agricultural commodity for export which would
    compete with a similar commodity grown or produced in the United States:
    Provided, That this subsection shall not prohibit--
             (1) activities designed to increase food security in developing
        countries where such activities will not have a significant impact
        in the export of agricultural commodities of the United States; or
             (2) research activities intended primarily to benefit American
        producers.]

                              [Surplus Commodities]

        [Sec. 514. The Secretary of the Treasury shall instruct the United
    States Executive Directors of the International Bank for Reconstruction
    and Development, the International Development Association, the
    International Finance Corporation, the Inter-American Development Bank,
    the International Monetary Fund, the Asian Development Bank, the Inter-
    American Investment Corporation, the North American Development Bank,
    the European Bank for Reconstruction and Development, the African
    Development Bank, and the African Development Fund to use the voice and
    vote of the United States to oppose any assistance by these
    institutions, using funds appropriated or made available pursuant to
    this Act, for the production or extraction of any commodity or mineral
    for export, if it is in surplus on world markets and if the assistance
    will cause substantial injury to United States producers of the same,
    similar, or competing commodity.]

                            Notification Requirements

        Sec. [515] 513. For the purpose of providing the Executive Branch
    with the necessary administrative flexibility, none of the funds made
    available under this Act for [``Child Survival and Disease Programs
    Fund'',] ``Sustainable Development Assistance'', ``Development Fund for
    Africa'', ``Enhanced Credit Authority'', ``Debt restructuring'',
    ``International organizations and programs'', ``Trade and Development
    Agency'', ``International narcotics control'', ``Assistance for Eastern
    Europe and the Baltic States'', ``Assistance for the New Independent
    State of the Former Soviet Union'', ``Economic Support Fund'',
    ``Peacekeeping operations'', ``Operating expenses of the Agency for
    International Development'', ``Operating expenses of the Agency for
    International Development Office of Inspector General'',
    [``Nonproliferation, anti-terrorism, demining and related programs'',]
    ``Nonproliferation and Disarmament Fund'', ``Anti-terrorism
    Assistance'', ``Foreign Military Financing Program'', ``International
    military education and training'', ``Inter-American Foundation'',
    ``African Development Foundation'', ``Peace Corps'', ``Migration and
    refugee assistance'', shall be available for obligation for activities,
    programs, projects, type of materiel assistance, countries, or other
    operations not justified or in excess of the amount justified to the
    Appropriations Committees for obligation under any of these specific
    headings unless the Appropriations Committees of both Houses of Congress
    are previously notified fifteen days in advance: Provided, That the
    President shall not enter into any commitment of funds appropriated for
    the purposes of section 23 of the Arms Export Control Act for the
    provision of major defense

    [[Page 115]]

    equipment, other than conventional ammunition, or other major defense
    items defined to be aircraft, ships, missiles, or combat vehicles, not
    previously justified to Congress or 20 per centum in excess of the
    quantities justified to Congress unless the Committees on Appropriations
    are notified fifteen days in advance of such commitment: Provided
    further, That this section shall not apply to any reprogramming for an
    activity, program, or project under chapter 1 of part I of the Foreign
    Assistance Act of 1961 of less than 10 per centum of the amount
    previously justified to the Congress for obligation for such activity,
    program, or project for the current fiscal year: Provided further, That
    the requirements of this section or any similar provision of this Act or
    any other Act, including any prior Act requiring notification in
    accordance with the regular notification procedures of the Committees on
    Appropriations, may be waived if failure to do so would pose a
    substantial risk to human health or welfare, or the national interest of
    the United States: Provided further, That in case of any such waiver,
    notification to the Congress, or the appropriate congressional
    committees, shall be provided as early as practicable, but in no event
    later than three days after taking the action to which such notification
    requirement was applicable, in the context of the circumstances
    necessitating such waiver: Provided further, That any notification
    provided pursuant to such a waiver shall contain an explanation of the
    emergency circumstances.
         Drawdowns made pursuant to section 506(a)(2) of the Foreign
    Assistance Act of 1961 shall be subject to the regular notification
    procedures of the Committees on Appropriations.

    Limitation on Availability of Funds for International Organizations and
                                    Programs

        Sec. [516] 514. Notwithstanding any other provision of law or of
    this Act, none of the funds provided for ``International Organizations
    and Programs'' shall be available for the United States proportionate
    share, in accordance with section 307(c) of the Foreign Assistance Act
    of 1961, for any programs identified in section 307, or for Libya, Iran,
    or, at the discretion of the President, Communist countries listed in
    section 620(f) of the Foreign Assistance Act of 1961, as amended:
    Provided, That, subject to the regular notification procedures of the
    Committees on Appropriations, funds appropriated under this Act or any
    previously enacted Act making appropriations for foreign operations,
    export financing, and related programs, which are returned or not made
    available for organizations and programs because of the implementation
    of this section or any similar provision of law, shall remain available
    for obligation through September 30, [1998] 1999.

                  [Economic Support Fund Assistance for Israel]

        [Sec. 517. The Congress finds that progress on the peace process in
    the Middle East is vitally important to United States security interests
    in the region. The Congress recognizes that, in fulfilling its
    obligations under the Treaty of Peace Between the Arab Republic of Egypt
    and the State of Israel, done at Washington on March 26, 1979, Israel
    incurred severe economic burdens. Furthermore, the Congress recognizes
    that an economically and militarily secure Israel serves the security
    interests of the United States, for a secure Israel is an Israel which
    has the incentive and confidence to continue pursuing the peace process.
    Therefore, the Congress declares that, subject to the availability of
    appropriations, it is the policy and the intention of the United States
    that the funds provided in annual appropriations for the Economic
    Support Fund which are allocated to Israel shall not be less than the
    annual debt repayment (interest and principal) from Israel to the United
    States Government in recognition that such a principle serves United
    States interests in the region.]

       Prohibition on Funding for Abortions and Involuntary Sterilization

        Sec. [518] 515. None of the funds made available to carry out part I
    of the Foreign Assistance Act of 1961, as amended, may be used to pay
    for the performance of abortions as a method of family planning or to
    motivate or coerce any person to practice abortions. None of the funds
    made available to carry out part I of the Foreign Assistance Act of
    1961, as amended, may be used to pay for the performance of involuntary
    sterilization as a method of family planning or to coerce or provide any
    financial incentive to any person to undergo sterilizations. None of the
    funds made available to carry out part I of the Foreign Assistance Act
    of 1961, as amended, may be used to pay for any biomedical research
    which relates in whole or in part, to methods of, or the performance of,
    abortions or involuntary sterilization as a means of family planning.
    None of the funds made available to carry out part I of the Foreign
    Assistance Act of 1961, as amended, may be obligated or expended for any
    country or organization if the President certifies that the use of these
    funds by any such country or organization would violate any of the above
    provisions related to abortions and involuntary sterilizations:
    Provided, That none of the funds made available under this Act may be
    used to lobby for or against abortion.

                     [Authorization for Population Planning]

        [Sec. 518A. (a) None of the funds made available in title II of this
    Act for population planning activities or other population assistance
    pursuant to section 104(b) of the Foreign Assistance Act or any other
    provision of law may be obligated or expended prior to July 1, 1997.]
        [(b) Not to exceed $385,000,000 of the funds appropriated in title
    II of this Act may be made available for population planning activities
    or other population assistance.]
        [(c) Such funds may be apportioned only on a monthly basis, and such
    monthly apportionments may not exceed 8 percent of the total available
    for such activities.]
        [(d) Not later than February 1, 1997, the President shall submit a
    finding to the Congress regarding the impact of the limitation on
    obligations imposed by subsection (a) of this section on the proper
    functioning of the population planning program. If such Presidential
    finding indicates that the limitation is having a negative impact on the
    proper functioning of the population planning program, funds for
    population planning activities and other population assistance referred
    to in subsection (a) may be made available beginning March 1, 1997,
    notwithstanding the July 1, 1997, limitation set forth in subsection
    (a), if the Congress approves such finding by adoption of a joint
    resolution of approval not later than February 28, 1997, in accordance
    with subsection (e).]
        [(e) Congressional Review Procedure.--
             (1) This subsection is enacted by Congress--
                 (A) as an exercise of the rulemaking power of the House of
            Representatives and the Senate, respectively, and as such it is
            deemed a part of the rules of each House, respectively, but
            applicable only with respect to the procedure to be followed in
            that House in the case of resolutions described by paragraph (2)
            of this subsection; and it supersedes other rules only to the
            extent that it is inconsistent therewith; and
                 (B) with full recognition of the constitutional right of
            either House to change the rules (so far as those rules relate
            to the procedure of that House) at any time, in the same manner,
            and to the same extent as in the case of any other rule of such
            House.
             (2) For purposes of this section, the term ``resolution'' means
        a joint resolution, the text of which is as follows: ``That the
        House of Representatives and Senate approve the Presidential
        finding, submitted to the Congress on XXXXX, that the limitation on
        obligations imposed by section 518A(a) of the Foreign Operations,
        Export Financing, and Related Programs Appropriations Act, 1997, is
        having a negative impact on the proper functioning of the population
        planning program.''. The blank space therein shall be filled with
        the date on which the President submits his finding to the House of
        Representatives and the Senate.
             (3) On the day on which the President submits a finding under
        this section to the Congress, a joint resolution described in
        paragraph (2) shall be introduced (by request) in the House by the
        majority leader of the House, for himself and the minority leader of
        the House, or by Members of the House designated by the majority
        leader and minority leader of the House; and shall be introduced (by
        request) in the Senate by the majority leader of the Senate, for
        himself and the minority leader of the Senate, or by Members of the
        Senate designated by the majority leader and minority leader of the
        Senate. If either House is not in session on the day on which the
        President submits such finding, the resolution shall be introduced
        in that House, as provided in the preceding sentence, on the first
        day thereafter on which that House is in session. A resolution once
        introduced in the House with respect to a Presidential finding under
        this section shall be referred to 1 or more committees (and all
        resolutions with respect to the same Presidential finding shall be
        referred to the same committee or committees) by the Speaker of the
        House of Representatives. A resolution once introduced in the Senate
        with respect to a Presidential finding under this section shall be
        referred to the appropriate committee (and all resolutions with
        respect to the same Presidential finding shall be referred to the
        same committee) by the President of the Senate.

    [[Page 116]]

             (4) No amendment to a resolution introduced under this section
        shall be in order in either the House of Representatives or the
        Senate; and no motion to suspend the application of this subsection
        shall be in order in either House, nor shall it be in order in
        either House for the presiding officer to entertain a request to
        suspend the application of this subsection by unanimous consent.
             (5)(A) If any committee to which a resolution with respect to a
        Presidential finding under this section has been referred has not
        reported it at the end of 5 calendar days after its introduction,
        such committee shall be automatically discharged from further
        consideration of the resolution and it shall be placed on the
        appropriate calendar. A vote on final passage of the resolution,
        shall be taken in each House on or before February 28, 1997. If
        prior to the passage by 1 House of a resolution of that House under
        this section, that House receives the same resolution from the other
        House, then--
                 (i) the procedure in that House shall be the same as if no
            resolution had been received from the other House, but
                 (ii) the vote on final passage shall be on the resolution
            of the other House.
             (6)(A) A motion in the House of Representatives to proceed to
        the consideration of a resolution under this section shall be highly
        privileged and not debatable. An amendment to the motion shall not
        be in order, nor shall it be in order to move to reconsider the vote
        by which the motion is agreed to or disagreed to.
             (B) Debate in the House of Representatives on the resolution
        described in paragraph (2) of this subsection shall be limited to
        not more than 2 hours, which shall be divided equally between those
        favoring and those opposing such resolution. A motion to further
        limit debate shall not be debatable. It shall not be in order to
        move to recommit a resolution or to move to reconsider the vote by
        which such resolution was agreed to or disagreed to.
             (C) Appeals from the decision of the Chair relating to the
        application of the rules of the House of Representatives to the
        procedures relating to a resolution under this section shall be
        decided without debate.
             (D) Except to the extent specifically provided in preceding
        provisions of this subsection, consideration in the House of
        Representatives of a resolution under this subsection shall be
        governed by the rules of the House of Representatives applicable to
        other resolutions in similar circumstances.
             (7)(A) A motion in the Senate to proceed to the consideration
        of a resolution under this section shall not debatable. It shall not
        be in order to move to reconsider the vote by which the motion is
        agreed to or disagreed to.
             (B) Debate in the Senate on the resolution described in
        paragraph (2) of this subsection, and all debatable motions and
        appeals in connection therewith, shall be limited to not more than 2
        hours. The time shall be equally divided between, and controlled by,
        the mover and the manager of the resolution, except that in the
        event the manager of the resolution is in favor of any such motion
        or appeal, the time in opposition thereto shall be controlled by the
        minority leader or his designee. Such leaders, or either of them,
        may, from time under their control on the passage of a resolution,
        allot additional time to any Senator during the consideration of any
        debatable motion or appeal.
             (C) A motion in the Senate to further limit debate is not
        debatable. A motion to recommit a resolution is not in order.]

                             [Reporting Requirement]

        [Sec. 519. The President shall submit to the Committees on
    Appropriations the reports required by section 25(a)(1) of the Arms
    Export Control Act.]

                       [Special Notification Requirements]

        [Sec. 520. None of the funds appropriated in this Act shall be
    obligated or expended for Colombia, Guatemala (except that this
    provision shall not apply to development assistance for Guatemala),
    Dominican Republic, Haiti, Liberia, Pakistan, Peru, Serbia, Sudan, or
    Zaire except as provided through the regular notification procedures of
    the Committee on Appropriations.]

                   Definition of Program, Project, and Activity

        Sec. [521] 516. For the purpose of this Act, ``program, project, and
    activity'' shall be defined at the Appropriations Act account level and
    shall include all Appropriations and Authorizations Acts earmarks,
    ceilings, and limitations with the exception that for the following
    accounts: Economics Support Fund and Foreign Military Financing Program,
    ``program, project, and activity'' shall also be considered to include
    country, regional, and central program level funding within each such
    account; for the development assistance accounts of the Agency for
    International Development ``program, project, and activity'' shall also
    be considered to include central program level funding, either as (1)
    justified to the Congress, or (2) allocated by the executive branch in
    accordance with a report, to be provided to the Committees on
    Appropriations within thirty days of enactment of this Act, as required
    by section 653(a) of the Foreign Assistance Act of 1961.

                        Child Survival and AIDS Activities

        Sec. [522] 517. Up to $8,000,000 of the funds made available by this
    Act for assistance for family planning, health, child survival, and
    AIDS, may be used to reimburse United States Government agencies,
    agencies of State governments, institutions of higher learning, and
    private and voluntary organizations for the full cost of individuals
    (including for the personal services of such individuals) detailed or
    assigned to, or contracted by, as the case may be, the Agency for
    International Development for the purpose of carrying out family
    planning activities, child survival activities and activities relating
    to research on, and the treatment and control of acquired immune
    deficiency syndrome in developing countries: Provided, That funds
    appropriated by this Act that are made available for child survival
    activities or activities relating to research on, and the treatment and
    control of, acquired immune deficiency syndrome may be made available
    notwithstanding any provision of law that restricts assistance to
    foreign countries: Provided further, That funds appropriated by this Act
    that are made available for family planning activities may be made
    available notwithstanding section 512 of this Act and section 620(q) of
    the Foreign Assistance Act of 1961.

            Prohibition Against Indirect Funding to Certain Countries

        Sec. [523] 518. None of the funds appropriated or otherwise made
    available pursuant to this Act shall be obligated to finance indirectly
    any assistance or reparations to Cuba, Iraq, Libya, Iran, Syria, North
    Korea, or the People's Republic of China, unless the President of the
    United States certifies that the withholding of these funds is contrary
    to the national interest of the Untied States.

                                Reciprocal Leasing

        Sec. [524] 519. Section 61(a) of the Arms Export Control Act is
    amended by striking out [``1996''] ``1997'' and inserting in lieu
    thereof [``1997''] ``1998''.

                   [Notification on Excess Defense Equipment]

        [Sec. 525. Prior to providing excess Department of Defense articles
    in accordance with section 516(a) of the Foreign Assistance Act of 1961,
    the Department of Defense shall notify the Committees on Appropriations
    to the same extent and under the same conditions as are other committees
    pursuant to subsection (c) of that section: Provided, That before
    issuing a letter of offer to sell excess defense articles under the Arms
    Export Control Act, the Department of Defense shall notify the
    Committees on Appropriations in accordance with the regular notification
    procedures of such Committees: Provided further, That such Committees
    shall also be informed of the original acquisition cost of such defense
    articles.]

                           [Authorization Requirement]

        [Sec. 526. Funds appropriated by this Act may be obligated and
    expended notwithstanding section 10 of Public Law 91-672 and section 15
    of the State Department Basic Authorities Act of 1956.]

            Prohibition on Bilateral Assistance to Terrorist Countries

        Sec. [527] 520. (a) [Notwithstanding any other provision of law,
    funds] Funds appropriated for bilateral assistance under any heading of
    this Act and funds appropriated under any such heading in a provision of
    law enacted prior to enactment of this Act, shall not be made available
    to any country which the President determines--
             (1) grants sanctuary from prosecution to any individual or
        group which has committed an act of international terrorism, or
             (2) otherwise supports international terrorism.
         (b) The President may waive the application of subsection (a) to a
    country if the President determines that national security or
    humanitarian reasons justify such waiver. The President shall publish
    each waiver in the Federal Register and, at least fifteen days before
    the waiver takes effect, shall notify the Committees on Appropriations
    of the waiver (including the justification for the waiver) in accordance

    [[Page 117]]

    with the regular notification procedures of the Committees on
    Appropriations.

                      Commercial Leasing of Defense Articles

        Sec. [528] 521. Notwithstanding any other provision of law, and
    subject to the regular notification procedures of the Committees on
    Appropriations, the authority of section 23(a) of the Arms Export
    Control Act may be used to provide financing to Israel, Egypt and NATO
    and major non-NATO allies for the procurement by leasing (including
    leasing with an option to purchase) of defense articles from United
    States commercial suppliers, not including Major Defense Equipment
    (other than helicopters and other types of aircraft having possible
    civilian application), if the President determines that there are
    compelling foreign policy or national security reasons for those defense
    articles being provided by commercial lease rather than by government-
    to-government sale under such Act.

                             [Competitive Insurance]

        [Sec. 528A. All Agency for International Development contracts and
    solicitations, and subcontracts entered into under such contracts, shall
    include a clause requiring that United States insurance companies have a
    fair opportunity to bid for insurance when such insurance is necessary
    or appropriate.]

                      [Stingers in the Persian Gulf Region]

        [Sec. 529. Except as provided in section 581 of the Foreign
    Operations, Export Financing, and Related Programs Appropriations Act,
    1990, the United States may not sell or otherwise make available any
    Stingers to any country bordering the Persian Gulf under the Arms Export
    Control Act or chapter 2 of part II of the Foreign Assistance Act of
    1961.]

                               Debt-for-Development

        Sec. [530] 522. In order to enhance the continued participation of
    nongovernmental organizations in economic assistance activities under
    the Foreign Assistance Act of 1961, including endowments, debt-for-
    development and debt-for-nature exchanges, a nongovernmental
    organization which is a grantee or contractor of the Agency for
    International Development may place in interest bearing accounts funds
    made available under this Act or prior Acts or local currencies which
    accrue to that organization as a result of economic assistance provided
    under title II of this Act and any interest earned on such investment
    shall be used for the purpose for which the assistance was provided to
    that organization.

                               [Separate Accounts]

        [Sec. 531. (a) Separate Accounts for Local Currencies.--
            (1) If assistance is furnished to the government of a foreign
        country under chapters 1 and 10 of part I or chapter 4 of part II of
        the Foreign Assistance Act of 1961 under agreements which result in
        the generation of local currencies of that country, the
        Administrator of the Agency for International Development shall--
                 (A) require that local currencies be deposited in a
            separate account established by that government;
                 (B) enter into an agreement with that government which sets
            forth--
                     (i) the amount of the local currencies to be generated,
                and
                     (ii) the terms and conditions under which the
                currencies so deposited may be utilized, consistent with
                this section; and
                 (C) establish by agreement with that government the
            responsibilities of the Agency for International Development and
            that government to monitor and account for deposits into and
            disbursements from the separate account.
             (2) Uses of Local Currencies.--As may be agreed upon with the
        foreign government, local currencies deposited in a separate account
        pursuant to subsection (a), or an equivalent amount of local
        currencies, shall be used only--
                 (A) to carry out chapters 1 or 10 of part I or chapter 4 of
            part II (as the case may be), for such purposes as--
                     (i) project and sector assistance activities, or
                     (ii) debt and deficit financing, or (B) for the
                administrative requirements of the United States Government.
             (3) Programming Accountability.--The Agency for International
        Development shall take all necessary steps to ensure that the
        equivalent of the local currencies disbursed pursuant to subsection
        (a)(2)(A) from the separate account established pursuant to
        subsection (a)(1) are used for the purposes agreed upon pursuant to
        subsection (a)(2).
             (4) Termination of Assistance Programs.--Upon termination of
        assistance to a country under chapters 1 or 10 of part I or chapter
        4 of part II (as the case may be), any unencumbered balances of
        funds which remain in a separate account established pursuant to
        subsection (a) shall be disposed of for such purposes as may be
        agreed to by the government of that country and the United States
        Government.
             (5) Conforming Amendments.--The provisions of this subsection
        shall supersede the tenth and eleventh provisos contained under the
        heading ``Sub-Saharan Africa, Development Assistance'' as included
        in the Foreign Operations, Export Financing, and Related Programs
        Appropriations Act, 1989 and sections 531(d) and 609 of the Foreign
        Assistance Act of 1961.
             (6) Reporting Requirement.--The Administrator of the Agency for
        International Development shall report on an annual basis as part of
        the justification documents submitted to the Committees on
        Appropriations on the use of local currencies for the administrative
        requirements of the United States Government as authorized in
        subsection (a)(2)(B), and such report shall include the amount of
        local currency (and United States dollar equivalent) used and/or to
        be used for such purpose in each applicable country.]
                [(b) Separate Accounts for Cash Transfers.--
                    (1) If assistance is made available to the government of
                a foreign country, under chapters 1 or 10 of part I or
                chapter 4 of part II of the Foreign Assistance Act of 1961,
                as cash transfer assistance or as nonproject sector
                assistance, that country shall be required to maintain such
                funds in a separate account and not commingle them with any
                other funds.
                     (2) Applicability of Other Provisions of Law.--Such
                funds may be obligated and expended notwithstanding
                provisions of law which are inconsistent with the nature of
                this assistance including provisions which are referenced in
                the Joint Explanatory Statement of the Committee of
                Conference accompanying House Joint Resolution 648 (H.
                Report No. 98- 1159).
                     (3) Notification.--At lest fifteen days prior to
                obligating any such cash transfer or nonproject sector
                assistance, the President shall submit a notification
                through the regular notification procedures of the
                Committees on Appropriations, which shall include a detailed
                description of how the funds proposed to be made available
                will be used, with a discussion of the United States
                interests that will be served by the assistance (including,
                as appropriate, a description of the economic policy reforms
                that will be promoted by such assistance).
                     (4) Exemption.--Nonproject sector assistance funds may
                be exempt from the requirements of subsection (b)(1) only
                through the notification procedures of the Committees on
                Appropriations.]

       Compensation for United States Executive Directors to International
                       [Financing] Financial Institutions

        Sec. [532] 523. (a) No funds appropriated by this Act may be made as
    payment to any international financial institution while the United
    States Executive Director to such institution is compensated by the
    institution at a rate which, together with whatever compensation such
    Director receives from the United States, is in excess of the rate
    provided for an individual occupying a position at level IV of the
    Executive Schedule under section 5315 of title 5, United States Code, or
    while any alternate United States Director to such institution is
    compensated by the institution at a rate in excess of the rate provided
    for an individual occupying a position at level V of the Executive
    Schedule under section 5316 of title 5, United States Code.
         (b) For purposes of this section, ``international financial
    institutions'' are: the International Bank for Reconstruction and
    Development, the Inter-American Development Bank, the Asian Development
    Bank, the Asian Development Fund, the African Development Bank, the
    African Development Fund, the International Monetary Fund, the North
    American Development Bank, the Bank for Economic Cooperation and
    Development in the Middle East, and North Africa and the European Bank
    for Reconstruction and Development.

              Compliance With United Nations Sanctions Against Iraq

        Sec. [533] 524. (a) Denial of Assistance.--None of the funds
    appropriated or otherwise made available pursuant to this Act to carry
    out the Foreign Assistance Act of 1961 (including title IV of chapter 2
    of part I, relating to the Overseas Private Investment Corporation) or
    the Arms Export Control Act may be used to provide

    [[Page 118]]

    assistance to any country that is not in compliance with the United
    Nations Security Council sanctions against Iraq[, Serbia or Montenegro]
    unless the President determines and so certifies to the Congress that--
             (1) such assistance is in the national interest of the United
        States;
             (2) such assistance will directly benefit the needy people in
        that country; or
             (3) the assistance to be provided will be humanitarian
        assistance for foreign national who have fled Iraq and Kuwait.
         (b) Import Sanctions.--If the President considers that the taking
    of such action would promote the effectiveness of the economic sanctions
    of the United Nations and the United States imposed with respect to
    Iraq[, Serbia, or Montenegro], as the case may be, and is consistent
    with the national interest, the President may prohibit, for such a
    period of time as he considers appropriate, the importation into the
    United States of any or all products of any foreign country that has not
    prohibited--
                 (1) the importation of products of Iraq[, Serbia, or
            Montenegro] into its customs territory, and
                 (2) the export of its products to Iraq[, Serbia, or
            Montenegro, as the case may be].

                Competitive Pricing for Sales of Defense Articles

        Sec. [533A] 525. Direct costs associated with meeting a foreign
    customer's additional or unique requirements will continue to be
    allowable under contracts under section 22(d) of the Arms Export Control
    Act. Loadings applicable to such direct costs shall be permitted at the
    same rates applicable to procurement of like items purchased by the
    Department of Defense for its own use.

                           [POW/MIA Military Drawdown]

        [Sec. 534. (a) Notwithstanding any other provision of law, the
    President may direct the drawdown, without reimbursement by the
    recipient, of defense articles from the stocks of the Department of
    Defense, defense services of the Department of Defense, and military
    education and training, of an aggregate value not to exceed $15,000,000
    in fiscal year 1997, as may be necessary to carry out subsection (b).]
        [(b) Such defense articles, services and training may be provided to
    Vietnam, Cambodia and Laos, under subsection (a) as the President
    determines are necessary to support efforts to locate and repatriate
    members of the United States Armed Forces and civilians employed
    directly or indirectly by the United States Government who remain
    unaccounted for from the Vietnam War, and to ensure the safety of United
    States Government personnel engaged in such cooperative efforts and to
    support United States Department of Defense-sponsored humanitarian
    projects associated with the POW/MIA efforts. Any aircraft shall be
    provided under this section only to Laos and only on a lease or loan
    basis, but may be provided at no cost notwithstanding section 61 of the
    Arms Export Control Act and may be maintained with defense articles,
    services and training provided under this section.]
        [(c) The President shall, within sixty days of the end of any fiscal
    year in which the authority of subsection (a) is exercised, submit a
    report to the Congress which identifies the articles, services, and
    training drawn down under this section.]

                     [Mediterranean Excess Defense Articles]

        [Sec. 535. For the four-year period beginning on October 1, 1996,
    the President shall ensure that excess defense articles will be made
    available under section 516 and 519 of the Foreign Assistance Act of
    1961 consistent with the manner in which the President made available
    excess defense articles under those sections during the four-year period
    that began on October 1, 1992, pursuant to section 573(e) of the Foreign
    Operations, Export Financing, Related Programs Appropriations Act,
    1990.]

                              [Cash Flow Financing]

        [Sec. 536. For each country that has been approved for cash flow
    financing (as defined in section 25(d) of the Arms Export Control Act,
    as added by section 112(b) of Public Law 99-83) under the Foreign
    Military Financing Program, any Letter of Offer and Acceptance or other
    purchase agreement, or any amendment thereto, for a procurement in
    excess of $100,000,000 that is to be financed in whole or in part with
    funds made available under this Act shall be submitted through the
    regular notification procedures to the Committees on Appropriations.]

     Authorities for the Peace Corps, the Inter-American Foundation and the
                         African Development Foundation

        Sec. [537] 526. Unless expressly provided to the contrary,
    provisions of this or any other Act, including provisions contained in
    prior Acts authorizing or making appropriations for foreign operations,
    export financing, and related programs, shall not be construed to
    prohibit activities authorized by or conducted under the Peace Corp Act,
    the Inter-American Foundation Act, or the African Development Foundation
    Act. The appropriate agency shall promptly report to the Committees on
    Appropriations whenever it is conducting activities or is proposing to
    conduct activities in a country for which assistance is prohibited.

                       Impact on Jobs in the United States

        Sec. [538] 527. None of the funds appropriated by this Act may be
    obligated or expended to provide--
             (a) any financial incentive to a business enterprise currently
        located in the United States for the purpose of inducing such an
        enterprise to relocate outside the United States if such incentive
        or inducement is likely to reduce the number of employees of such
        business enterprise in the United States because United States
        production is being replaced by such enterprise outside the United
        States;
             (b) assistance for the purpose of establishing or developing in
        a foreign country any export processing zone or designated area in
        which the tax, tariff, labor, environment, and safety laws of that
        country do not apply, in part or in whole, to activities carried out
        within that zone or area, unless the President determines and
        certifies that such assistance is not likely to cause a loss of jobs
        within the United States; or
             (c) assistance for any project or activity that contributes to
        the violation of internationally recognized workers rights, as
        defined in section 502(a)(4) of the Trade Act of 1974, of workers in
        the recipient country, including any designated zone or area in that
        country: Provided, That in recognition that the application of this
        subsection should be commensurate with the level of development of
        the recipient country and sector, the provisions of this subsection
        shall not preclude assistance for the informal sector in such
        country, micro and small-scale enterprise, and smallholder
        agriculture.

                  [Authority to Assist Bosnia and Herzegovina]

        [Sec. 539. (a) The President is authorized to direct the transfer,
    subject to prior notification of the Committees on Appropriations, to
    the Government of Bosnia and Herzegovina, without reimbursement of
    defense articles from the stocks of the Department of Defense and
    defense services of the Department of Defense of an aggregate value of
    not to exceed $100,000,000 in fiscal years 1996 and 1997: Provided, That
    the President certifies in a timely fashion to the Congress that the
    transfer of such articles would assist that nation in self-defense and
    thereby promote the security and stability of the region.]
         [(b) Within 60 days of any transfer under the authority provided in
    subsection (a), and every 60 days thereafter, the President shall report
    in writing to the Speaker of the House of Representatives and the
    President pro tempore of the Senate concerning the articles transferred
    and the disposition thereof.]
         [(c) There are authorized to be appropriated to the President such
    sums as may be necessary to reimburse the applicable appropriation,
    fund, or account for defense articles provided under this section.]

        [Restrictions on the Termination of Sanctions Against Serbia and
                                   Montenegro]

        [Sec. 540. (a) Restrictions.--Notwithstanding any other provision of
    law, no sanction, prohibition, or requirement described in section 1511
    of the National Defense Authorization Act for Fiscal Year 1994 (Public
    Law 103-160), with respect to Serbia or Montenegro, may cease to be
    effective, unless--
             (1) the President first submits to the Congress a certification
        described in subsection (b); and
             (2) the requirements of section 1511 of that Act are met.]
        [(b) Certification.--A certification described in this subsection is
    a certification that--
                 (1) there is substantial progress toward--
                     (A) the realization of a separate identity for Kosova
                and the right of the people of Kosova to govern themselves;
                or
                     (B) the creation of an international protectorate for
                Kosova;

    [[Page 119]]

                 (2) there is substantial improvement in the human rights
            situation in Kosova;
                 (3) international human rights observers are allowed to
            return to Kosova; and
                 (4) the elected government of Kosova is permitted to meet
            and carry out its legitimate mandate as elected representatives
            of the people of Kosova.]
            [(c) Waiver Authority.--The President may waive the application
        in whole or in part, of subsection (a) if the President certifies to
        the Congress that the President has determined that the waiver is
        necessary to meet emergency humanitarian needs or to achieve a
        negotiated settlement of the conflict in Bosnia and Herzegovina that
        is acceptable to the parties.]

     Extension of Authority to Obligate Funds To Close the Special Defense
                                Acquisition Fund

                        Sec. 528. Title III of P.L. 103-306 is amended under
                the heading ``Special Defense Acquisition Fund'' by striking
                ``1998'' and inserting ``2000''.

                               Special Authorities

        Sec. [541] 529. (a) Funds appropriated in title II of this Act that
    are made available for Afghanistan, Lebanon, and Cambodia, and for
    victims of war, displaced children, displaced Burmese, humanitarian
    assistance for Romania, and humanitarian assistance for the peoples of
    Bosnia and Herzegovina, Croatia, and Kosova, may be made available
    notwithstanding any other provision of law: Provided, That any such
    funds that are made available for Cambodia shall be subject to the
    provisions of section 531(c) of the Foreign Assistance Act of 1961 and
    section 906 of the International Security and Development Cooperation
    Act of 1985[: Provided further, That none of the funds appropriated by
    this Act may be made available for assistance for any country or
    organization that the Secretary of State determines is cooperating,
    tactically or strategically, with the Khmer Rouge in their military
    operations, or to the military of any country that is not acting
    vigorously to prevent its members from facilitating the export of timber
    from Cambodia by the Khmer Rouge: Provided further, That the Secretary
    of State shall submit a report to the Committees on Appropriations by
    February 1, 1997, on whether there are any countries, organizations, or
    militaries for which assistance is prohibited under the previous
    proviso, the basis for such conclusions and, if appropriate, the steps
    being taken to terminate assistance: Provided further, That the
    prohibition on assistance to the military of any country that is not
    acting vigorously to prevent its members from facilitating the export of
    timber from Cambodia by the Khmer Rouge may be waived by the President
    if he determines and reports to the Committees on Appropriations that is
    is important to the national security interest of the United States to
    do so.
         (b) Funds appropriated by this Act to carry out the provisions of
    sections 103 through 106 of the Foreign Assistance Act of 1961 may be
    used, notwithstanding any other provision of law, for the purpose of
    supporting tropical forestry and energy programs aimed at reducing
    emissions of greenhouse gases, and for the purpose of supporting
    biodiversity conservation activities: Provided, that such assistance
    shall be subject to sections 116, 502B, and 620A of the Foreign
    Assistance Act of 1961.
        (c) During fiscal year [1997] 1998, the President may use up to
    [$40,000,000] $50,000,000 under the authority of section 451 of the
    Foreign Assistance Act of 1961, notwithstanding the funding ceiling
    contained in subsection (a) of that section.
         (d) The Agency for International Development may employ personal
    services contractors, notwithstanding any other provision of law, for
    the purpose of administering programs for the West Bank and Gaza.

            [Policy on Terminating the Arab League Boycott of Israel]

        [Sec. 542. It is the sense of the Congress that--
             (1) the Arab League countries should immediately and publicly
        renounce the primary boycott of Israel and the secondary and
        tertiary boycott of American firms that have commercial ties with
        Israel; and
             (2) the President should--
                 (A) take more concrete steps to encourage vigorously Arab
            League countries to renounce publicly the primary boycotts of
            Israel and the secondary and tertiary boycotts of American firms
            that have commercial relations with Israel as a confidence-
            building measure;
                 (B) take into consideration the participation of any
            recipient country in the primary boycott of Israel and the
            secondary and tertiary boycotts of American firms that have
            commercial relations with Israel when determining whether to
            sell weapons to said county;
                 (C) report to Congress on the specific steps being taken by
            the President to bring about a public renunciation of the Arab
            primary boycott of Israel and the secondary and tertiary
            boycotts of American firms that have commercial relations with
            Israel; and
                 (D) encourage the allies and trading partners of the United
            States to enact laws prohibiting businesses from complying with
            the boycott and penalizing businesses that do comply.]

                            Anti-Narcotics Activities

        Sec. [543] 530. (a) Of the funds appropriated or otherwise made
    available by this Act for ``Economic Support Fund'', assistance may be
    provided to strengthen the administration of justice in countries in
    Latin America and the Caribbean and in other regions consistent with the
    provisions of section 534(b) of the Foreign Assistance Act of 1961,
    except that programs to enhance protection of participants in judicial
    cases may be conducted notwithstanding section 660 of that Act.
         (b) Funds made available pursuant to this section may be made
    available notwithstanding section 534(c) and the second and third
    sentences of section 534(e) of the Foreign Assistance Act of 1961. Funds
    made available pursuant to subsection (a) for Bolivia, Colombia and Peru
    may be made available notwithstanding section 534(c) and the second
    sentence of section 534(e) of the Foreign Assistance Act of 1961.

                            Eligibility for Assistance

        Sec. [544] 531. (a) Assistance Through Nongovernmental
    Organizations.--Restrictions contained in this or any other Act with
    respect to assistance for a country shall not be construed to restrict
    assistance in support of programs of nongovernmental organizations from
    funds appropriated by this Act to carry out the provisions of chapters 1
    [and], 10 and 11 of part I, and chapter 4 of part II of the Foreign
    Assistance Act of 1961: Provided, That the President shall take into
    consideration, in any case in which a restriction on assistance would be
    applicable but for this subsection, whether assistance in support of
    programs of nongovernmental organizations is in the national interest of
    the United States: Provided further, That before using the authority of
    this subsection to furnish assistance in support of programs of
    nongovernmental organizations, the President shall notify the Committees
    on Appropriations under the regular notification procedures of those
    committees, including a description of the program to be assisted, the
    assistance to be provided, and the reasons for furnishing such
    assistance: Provided further, That nothing in this subsection shall be
    construed to alter any existing statutory prohibitions against abortion
    or involuntary sterilizations contained in this or any other Act.
         (b) Public Law 480.--During fiscal year [1997] 1998, restrictions
    contained in this or any other Act with respect to assistance for a
    country shall not be construed to restrict assistance under the
    Agricultural Trade Development and Assistance Act of 1954: Provided,
    That none of the funds appropriated to carry out title I of such Act and
    made available pursuant to this subsection may be obligated or expended
    except as provided through the regular notification procedures of the
    Committees on Appropriations.
         (c) Exception.--This section shall not apply--
             (1) with respect to section 620A of the Foreign Assistance Act
        or any comparable provision of law prohibiting assistance to
        countries that support international terrorism; or
             (2) with respect to section 116 of the Foreign Assistance Act
        of 1961 or any comparable provision of law prohibiting assistance to
        countries that violate internationally recognized human rights.

                                     Earmarks

        Sec. [544A] 532. (a) Funds appropriated by this Act which are
    earmarked may be reprogrammed for other programs within the same account
    notwithstanding the earmark if compliance with the earmark is made
    impossible by operation of any provision of this or any other Act or,
    with respect to a country with which the United States has an agreement
    providing the United States with base rights or base access in that
    country, if the President determines that the recipient for which funds
    are earmarked has significantly reduced its military or economic
    cooperation with the United States since enactment of the Foreign
    Operations, Export Financing, and Related Programs Appropriations Act,
    1991; however, before exercising the authority of this subsection with
    regard to a base rights or base access country which has significantly
    reduced its military or economic cooperation

    [[Page 120]]

    with the United States, the President shall consult with, and shall
    provide a written policy justification to the Committees on
    Appropriations: Provided, That any such reprogramming shall be subject
    to the regular notification procedures of the Committees on
    Appropriations: Provided further, That assistance that is reprogrammed
    pursuant to this subsection shall be made available under the same terms
    and conditions as originally provided.
         (b) In addition to the authority contained in subsection (a), the
    original period of availability of funds appropriated by this Act and
    administered by the Agency for International Development that are
    earmarked for particular programs or activities by this or any other Act
    shall be extended for an additional fiscal year if the Administrator of
    such agency determines and reports promptly to the Committees on
    Appropriations that the termination of assistance to a country or a
    significant change in circumstances makes it unlikely that such
    earmarked funds can be obligated during the original period of
    availability: Provided, That such earmarked funds that are continued
    available for an additional fiscal year shall be obligated only for the
    purpose of such earmark.

                              Ceilings and Earmarks

        Sec. [545] 533. Ceilings and earmarks contained in this Act shall
    not be applicable to funds or authorities appropriated or otherwise made
    available by any subsequent Act unless such Act specifically so directs.

                      Prohibition on Publicity or Propaganda

        Sec. [546] 534. No part of any appropriation contained in this Act
    shall be used for publicity or propaganda purposes within the United
    States not authorized before the date of enactment of this Act by the
    Congress[: Provided, That not to exceed $750,000 may be made available
    to carry out the provisions of section 316 of Public Law 96-533].

                            Use of American Resources

        Sec. [547] 535. To the maximum extent possible, assistance provided
    under this Act should make full use of American resources, including
    commodities, products, and services.

               [Prohibition of Payments to United Nations Members]

        [Sec. 548. None of the funds appropriated or made available pursuant
    to this Act for carrying out the Foreign Assistance Act of 1961, may be
    used to pay in whole or in part any assessments, arrearages, or dues of
    any member of the United Nations.]

                              [Consulting Services]

        [Sec. 549. The expenditure of any appropriation under this Act for
    any consulting service through procurement contract, pursuant to section
    3109 of title 5, United States Code, shall be limited to those contracts
    where such expenditures are a matter of public record and available for
    public inspection, except where otherwise provided under existing law,
    or under existing Executive order pursuant to existing law.]

                [Private Voluntary Organizations--Documentation]

        [Sec. 550. None of the funds appropriated or made available pursuant
    to this Act shall be available to a private voluntary organization which
    fails to provide upon timely request any document, file, or record
    necessary to the auditing requirements of the Agency for International
    Development.]

      [Prohibition on Assistance to Foreign Governments That Export Lethal
       Military Equipment to Countries Supporting International Terrorism]

        [Sec. 551. (a) None of the funds appropriated or otherwise made
    available by this Act may be available to any foreign government which
    provides lethal military equipment to a country the government of which
    the Secretary of State has determined is a terrorist government for
    purposes of section 40(d) of the Arms Export Control Act. The
    prohibition under this section with respect to a foreign government
    shall terminate 12 months after that government ceases to provide such
    military equipment. This section applies with respect to lethal military
    equipment provided under a contract entered into after the date of
    enactment of this Act.]
        [(b) Assistance restricted by subsection (a) or any other similar
    provision of law, may be furnished if the President determines that
    furnishing such assistance is important to the national interests of the
    United States.]
        [(c) Whenever the waiver of subsection (b) is exercised, the
    President shall submit to the appropriate congressional committees a
    report with respect to the furnishing of such assistance. Any such
    report shall include a detailed explanation of the assistance to be
    provided, including the estimated dollar amount of such assistance, and
    an explanation of how the assistance furthers United States national
    interests.]

     [Withholding of Assistance for Parking Fines Owed by Foreign Countries]

        [Sec. 552. (a) In General.--Of the funds made available for a
    foreign country under part I of the Foreign Assistance Act of 1961, an
    amount equivalent to 110 percent of the total unpaid fully adjudicated
    parking fines and penalties owed to the District of Columbia by such
    country as of the date of enactment of this Act shall be withheld from
    obligation for such country until the Secretary of State certifies and
    reports in writing to the appropriate congressional committees that such
    fines and penalties are fully paid to the government of the District of
    Columbia.]
        [(b) Definition.--For purposes of this section, the term
    ``appropriate congressional committees'' means the Committee on Foreign
    Relations and the Committee on Appropriations of the Senate and the
    Committee on International Relations and the Committee on Appropriations
    of the House of Representatives.]

         Limitation on Assistance for the PLO for the West Bank and Gaza

        Sec. [553] 536. None of the funds appropriated by this Act may be
    obligated for assistance for the Palestine Liberation Organization for
    the West Bank and Gaza unless the President has exercised the authority
    under section 604(a) of the Middle East Peace Facilitation Act of 1995
    (title VI of Public Law 104-107) or any other legislation to suspend or
    make inapplicable section 307 of the Foreign Assistance Act of 1961 and
    that suspension is still in effect: Provided, That if the President
    fails to make the certification under section 604(b)(2) of the Middle
    East Peace Facilitation Act of 1995 or to suspend the prohibition under
    other legislation, funds appropriated by this Act may not be obligated
    for assistance for the Palestine Liberation Organization for the West
    Bank and Gaza.

                      Export Financing Transfer Authorities

        Sec. [554] 537. Not to exceed 5 percent of any appropriation other
    than for administrative expenses made available for fiscal year [1997]
    1998 for programs under title I of this Act may be transferred between
    such appropriations for use for any of the purposes, programs and
    activities for which the funds in such receiving account may be used,
    but no such appropriation, except as otherwise specifically provided,
    shall be increased by more than 25 percent by any such transfer:
    Provided, That the exercise of such authority shall be subject to the
    regular notification procedures of the Committees on Appropriations.

                               War Crimes Tribunals

        Sec. [555] 538. If the President determines that doing so will
    contribute to a just resolution of charges regarding genocide or other
    violations of international humanitarian law, the President may direct a
    drawdown pursuant to section 552(c) of the Foreign Assistance Act of
    1961, as amended, of up to $25,000,000 of commodities and services for
    the United Nations War Crimes Tribunal established with regard to the
    former Yugoslavia by the United Nations Security Council or such other
    tribunals or commissions as the Council may establish to deal with such
    violations, without regard to the ceiling limitation contained in
    paragraph (2) thereof: Provided, That the determination required under
    this section shall be in lieu of any determinations otherwise required
    under section 552(c): Provided further, That 60 days after the date of
    enactment of this Act, and every 180 days thereafter, the Secretary of
    State shall submit a report to the Committees on Appropriations
    describing the steps the United States Government is taking to collect
    information regarding allegations of genocide or other violations of
    international law in the former Yugoslavia and to furnish that
    information to the United Nations War Crimes Tribunal for the former
    Yugoslavia.

                                    Landmines

        Sec. [556] 539. Notwithstanding any other provision of law, demining
    equipment available to the Agency for International Development and the
    Department of State and used in support of the clearing of landmines and
    unexploded ordnance for humanitarian purposes may be disposed of on a
    grant basis in foreign countries,

    [[Page 121]]

    subject to such terms and conditions as the President may prescribe[:
    Provided, That section 1365(c) of the National Defense Authorization Act
    for Fiscal Year 1993 (Public Law 102-484; 22 U.S.C., 2778 note) is
    amended by striking out ``During the five-year period beginning on
    October 23, 1992'' and inserting in lieu thereof ``During the eight-year
    period beginning on October 23, 1992''].

               [Restrictions Concerning the Palestinian Authority]

        [Sec. 557. None of the funds appropriated by this Act may be
    obligated or expended to create in any part of Jerusalem a new office of
    any department or agency of the United States Government for the purpose
    of conducting official United States Government business with the
    Palestinian Authority over Gaza and Jericho or any successor Palestinian
    governing entity provided for in the Israel-PLO Declaration of
    Principles: Provided, That this restriction shall not apply to the
    acquisition of additional space for the existing Consulate General in
    Jerusalem: Provided further, That meetings between officers and
    employees of the United States and officials of the Palestinian
    Authority, or any successor Palestinian governing entity provided for in
    the Israel-PLO Declaration of Principles, for the purpose of conducting
    official United States Government business with such authority should
    continue to take place in locations other than Jerusalem. As has been
    true in the past, officers and employees of the United States Government
    may continue to meet in Jerusalem on other subjects with Palestinians
    (including those who now occupy positions in the Palestinian Authority),
    have social contacts, and have incidental discussions.]

                    Prohibition of Payment of Certain Expenses

        Sec. [558] 540. None of the funds appropriated or otherwise made
    available by this Act under the heading ``international military
    education and training'' or ``foreign military financing program'' for
    Informational Program activities may be obligated or expended to pay
    for--
             (1) alcoholic beverages;
             (2) food (other than food provided at a military installation)
        not provided in conjunction with Informational Program trips where
        students do not stay at a military installation; or
             (3) entertainment expenses for activities that are
        substantially of a recreational character, including entrance fees
        at sporting events and amusement parks.

                            [Humanitarian Corridors]

        [Sec. 559. The Foreign Assistance Act of 1961 is amended by adding
    immediately after section 620H the following new section:
         ``Sec. 620I. Prohibition on Assistance to Countries That Restrict
    United States Humanitarian Assistance.--
             ``(a) In general.--No assistance shall be furnished under this
        Act or the Arms Export Control Act to any country when it is made
        known to the President that the government of such country prohibits
        or otherwise restricts, directly or indirectly, the transport or
        delivery of United States humanitarian assistance.
             ``(b) Exception.--Assistance may be furnished without regard to
        the restriction in subsection (a) if the President determines that
        to do so is in the national security interest of the United States.
             ``(c) Notice.--Prior to making any determination under
        subsection (b), the President shall notify the Committee on
        International Relations, the Committee on Foreign Relations, and the
        Committees on Appropriations of the Senate and House of
        Representatives of his intention to make such a determination, the
        effective date of the determination, and the reasons for making the
        determination.''.]

                         [Equitable Allocation of Funds]

        [Sec. 560. Not more than 20 percent of the funds appropriated by
    this Act to carry out the provisions of sections 103 through 106 and
    chapter 4 of part II of the Foreign Assistance Act of 1961, that are
    made available for Latin America and the Caribbean region may be made
    available, through bilateral and Latin America and the Caribbean
    regional programs, to provide assistance for any country in such
    region.]

               [Purchase of American-Made Equipment and Products]

        [Sec. 561. (a) Sense of Congress.--It is the sense of the Congress
    that, to the greatest extent practicable, all equipment and products
    purchased with funds made available in this Act should be American-
    made.]
        [(b) Notice Requirement.--In providing financial assistance to, or
    entering into any contract with, any entity using funds made available
    in this Act, the head of each Federal agency, to the greatest extent
    practicable, shall provide to such entity a notice describing the
    statement made in subsection (a) by the Congress.]

            [Limitation of Funds for North American Development Bank]

        [Sec. 562. None of the Funds appropriated in this Act under the
    heading ``North American Development Bank'' and made available for the
    Community Adjustment and Investment Program shall be used for purposes
    other than those set out in the binational agreement establishing the
    Bank.]

                     [International Development Association]

        [Sec. 563. In order to pay for the United States contribution to the
    tenth replenishment of the resources of the International Development
    Association authorized in section 526 of Public Law 103-87, there is
    authorized to be appropriated, without fiscal year limitation,
    $700,000,000 for payment by the Secretary of the Treasury.]

                       Special Debt Relief for the Poorest

        Sec. [564] 541. (a) Authority To Reduce Debt.--The President may
    reduce amounts owed to the United States (or any agency of the United
    States) by an eligible country as a result of--
             (1) guarantees issued under sections 221 and 222 of the Foreign
        Assistance Act of 1961; or
             (2) credits extended or guarantees issued under the Arms Export
        Control Act.
         (b) Limitations.--
             (1) The authority provided by subsection (a) may be exercised
        only to implement multilateral official debt relief and referendum
        agreements, commonly referred to as ``Paris Club Agreed Minutes''.
             (2) The authority provided by subsection (a) may be exercised
        only in such amounts or to such extent as is provided in advance by
        appropriations Acts.
             (3) The authority provided by subsection (a) may be exercised
        only with respect to countries with heavy debt burdens that are
        eligible to borrow from the International Development Association,
        but not from the International Bank for Reconstruction and
        Development, commonly referred to as ``IDA-only'' countries.
         (c) Conditions.--The authority provided by subsection (a) may be
    exercised only with respect to a country whose government--
             (1) does not have an excessive level of military expenditures;
             (2) has not repeatedly provided support for acts of
        international terrorism;
             (3) is not failing to cooperate on international narcotics
        control matters;
             (4) (including its military or other security forces) does not
        engage in a consistent pattern of gross violations of
        internationally recognized human rights; and
             (5) is not ineligible for assistance because of the application
        of section 527 of the Foreign Relations Authorization Act, fiscal
        years 1994 and 1995.
         (d) Availability of Funds.--The authority provided by subsection
    (a) may be used only with regard to funds appropriated by this Act under
    the heading ``Debt restructuring''.
         (e) Certain Prohibitions Inapplicable.--A reduction of debt
    pursuant to subsection (a) shall not be considered assistance for
    purposes of any provision of law limiting assistance to a country. The
    authority provided by subsection (a) may be exercised notwithstanding
    section 620(r) of the Foreign Assistance Act of 1961.

                  Authority to Engage in Debt Buybacks or Sales

        Sec. [565] 542. (a) Loans Eligible for Sale, Reduction, or
    Cancellation.--
             (1) Authority to sell, reduce, or cancel certain loans.--
        Notwithstanding any other provision of law, the President may, in
        accordance with this section, sell to any eligible purchaser any
        concessional loan or portion thereof made before January 1, 1995,
        pursuant to the Foreign Assistance Act of 1961, to the government of
        any eligible country as [define] defined in section 702(6) of that
        Act or on receipt of payment from an eligible purchaser, reduce or
        cancel such loan or portion thereof, only for the purpose of
        facilitating--
                 (A) debt-for-equity swaps, debt-for-development swaps, or
            debt-for-nature swaps; or
                 (B) a debt buyback by an eligible country of its own
            qualified debt, only if the eligible country uses an additional
            amount of the local currency of the eligible country, equal to
            not less than 40 percent of the price paid for such debt by such
            eligible country,

    [[Page 122]]

            or the difference between the price paid for such debt and the
            face value of such debt, to support activities that link
            conservation and sustainable use of natural resources with local
            community development, and child survival and other child
            development, in a manner consistent with sections 707 through
            710 of the Foreign Assistance Act of 1961, if the sale,
            reduction, or cancellation would not contravene any term or
            condition of any prior agreement relating to such loan.
             (2) Terms and conditions.--Notwithstanding any other provision
        of law, the President shall, in accordance with this section,
        establish the terms and conditions under which loans may be sold,
        reduced, or canceled pursuant to this section.
             (3) Administration.--The Facility, as defined in section 702(8)
        of the Foreign Assistance Act of 1961, shall notify the
        administrator of the agency primarily responsible for administering
        part I of the Foreign Assistance Act of 1961 of purchasers that the
        President has determined to be eligible, and shall direct such
        agency to carry out the sale, reduction, or cancellation of a loan
        pursuant to this section. Such agency shall make an adjustment in
        its accounts to reflect the sale, reduction, or cancellation.
             (4) Limitation.--The authorities of this subsection shall be
        available only to the extent that appropriations for the cost of the
        modification, as defined in section 502 of the Congressional Budget
        Act of 1974, are made in advance.
         (b) Deposit of Proceeds.--The proceeds from the sale, reduction, or
    cancellation of any loan sold, reduced, or canceled pursuant to this
    section shall be deposited in the United States Government account or
    accounts established for the repayment of such loan.
         (c) Eligible Purchasers.--A loan may be sold pursuant to subsection
    (a)(1)(A) only to a purchaser who presents plans satisfactory to the
    President for using the loan for the purpose of engaging in debt-for-
    equity swaps, debt-for- development swaps, or debt-for-nature swaps.
         (d) Debtor Consultations.--Before the sale to any eligible
    purchaser, or any reduction or cancellation pursuant to this section, of
    any loan made to an eligible country, the President should consult with
    the country concerning the amount of loans to be sold, reduced, or
    canceled and their uses for debt-for-equity swaps, debt-for-development
    swaps, or debt-for-nature swaps.
         (e) Availability of Funds.--The authority provided by subsection
    (a) may be used only with regard to funds appropriated by this Act under
    the heading ``Debt restructuring''.

                                     Liberia

        Sec. [566] 543. Funds appropriated by this Act may be made available
    for assistance for Liberia notwithstanding section 620(q) of the Foreign
    Assistance Act of 1961 and section 512 of this Act.

                                   [Guatemala]

        [Sec. 567. (a) Funds provided in this Act may be made available for
    the Guatemalan military forces, and the restrictions on Guatemala under
    the headings ``International Military Education and Training'' and
    ``Foreign Military Financing Program'' shall not apply, only if the
    President determines and certifies to the Congress that the Guatemalan
    military is cooperating fully with efforts to resolve human rights
    abuses which elements of the Guatemalan military forces are alleged to
    have committed, ordered or attempted to thwart the investigation of, and
    with efforts to negotiate a peace settlement.]
        [(b) The prohibition contained in subsection (a) shall not apply to
    funds made available to implement a ceasefire or peace agreement.]
        [(c) Any funds made available pursuant to subsections (a) or (b)
    shall be subject to the regular notification procedures of the
    Committees on Appropriations.]
        [(d) Any funds made available pursuant to subsections (a) and (b)
    for international military education and training may only be for
    expanded international military education and training.]

               Sanctions Against Countries Harboring War Criminals

        Sec. [568] 544. (a) Bilateral Assistance.--The President is
    authorized to withhold funds appropriated by this Act under the Foreign
    Assistance Act of 1961 or the Arms Export Control Act for any country
    described in subsection (c).
         (b) Multilateral Assistance.--The Secretary of the Treasury should
    instruct the United States executive directors of the international
    financial institutions to work in opposition to, and vote against, any
    extension by such institutions of financing or financial or technical
    assistance to any country described in subsection (c).
         (c) Sanctioned Countries.--A country described in this subsection
    is a country the government of which knowingly grants sanctuary to
    persons in its territory for the purpose of evading prosecution, where
    such persons--
             (1) have been indicted by the International Criminal Tribunal
        for the former Yugoslavia, the International Criminal Tribunal for
        Rwanda, or any other international tribunal with similar standing
        under international law, or
             (2) have been indicted for war crimes or crimes against
        humanity committed during the period beginning March 23, 1933 and
        ending on May 8, 1945 under the direction of, or in association
        with--
                 (A) the Nazi government of Germany;
                 (B) any government in any area occupied by the military
            forces of the Nazi government of Germany;
                 (C) any government which was established with the
            assistance or cooperation of the Nazi government; or
                 (D) any government which was an ally of the Nazi government
            of Germany.

         Agency for International Development Enhanced Credit Authority

                        Sec. 545. For the cost, as defined in section 502 of
                the Congressional Budget Act of 1974, of direct loans and
                loan guarantees in support of the development objectives of
                sections 103 through 106 of the Foreign Assistance Act of
                1961 (FAA), up to $10,000,000 may be derived by transfer
                from funds appropriated by this Act under the headings,
                ``Sustainable Development Assistance'' and ``Development
                Fund for Africa,'' to remain available until expended:
                Provided, That of this amount, up to $1,500,000 for
                administrative expenses to carry out such programs shall be
                transferred to and merged with the appropriation for
                Operating Expenses, Agency for International Development:
                Provided further, That the authority contained in the last
                sentence of section 108(c) of the FAA shall be applicable to
                funds made available under this heading: Provided further,
                That section 620(q) of the FAA shall not be construed to
                prohibit assistance to a country in the event that a private
                sector recipient of assistance furnished under this heading
                is in default in its payment to the United States for the
                period specified in such section.

                      [Limitation on Assistance for Haiti]

        [Sec. 569. (a) Limitation.--None of the funds appropriated or
    otherwise made available by this Act, may be provided to the Government
    of Haiti until the President reports to Congress that--
             (1) the Government is conducting thorough investigations of
        extrajudicial and political killings; and
             (2) the Government is cooperating with United States
        authorities in the investigations of political and extrajudicial
        killings.]
        [(b) Nothing in this section shall be construed to restrict the
    provision of humanitarian, development, or electoral assistance.]
        [(c) The President may waive the requirements of this section on a
    semiannual basis if he determines and certifies to the appropriate
    committees of Congress that it is in the national interest of the United
    States.]

                              [Policy Toward Burma]

        [Sec. 570. (a) Until such time as the President determines and
    certifies to Congress that Burma has made measurable and substantial
    progress in improving human rights practices and implementing democratic
    government, the following sanctions shall be imposed on Burma:
             (1) Bilateral assistance.--There shall be no United States
        assistance to the Government of Burma, other than:
                 (A) humanitarian assistance,
                 (B) subject to the regular notification procedures of the
            Committees on Appropriations, counter-narcotics assistance under
            chapter 8 of part I of the Foreign Assistance Act of 1961, or
            crop substitution assistance, if the Secretary of State
            certifies to the appropriate congressional committees that--
                     (i) the Government of Burma is fully cooperating with
                United States counter-narcotics efforts, and
                     (ii) the programs are fully consistent with United
                States human rights concerns in Burma and serve the United
                States national interest, and
                 (C) assistance promoting human rights and democratic
            values.
             (2) Multilateral assistance.--The Secretary of the Treasury
        shall instruct the United States executive director of each inter-

    [[Page 123]]

        national financial institution to vote against any loan or other
        utilization of funds of the respective bank to or for Burma.
             (3) Visas.--Except as required by treaty obligations or to
        staff the Burmese mission to the United States, the United States
        should not grant entry visas to any Burmese government official.]
        [(b) Conditional Sanctions.--The President is hereby authorized to
    prohibit, and shall prohibit United States persons from new investment
    in Burma, if the President determines and certifies to Congress that,
    after the date of enactment of this Act, the Government of Burma has
    physically harmed, rearrested for political acts, or exiled Daw Aung San
    Suu Kyi or has committed large-scale repression of or violence against
    the Democratic opposition.]
        [(c) Multilateral Strategy.--The President shall seek to develop, in
    coordination with members of ASEAN and other countries having major
    trading and investment interests in Burma, a comprehensive, multilateral
    strategy to bring democracy to and improve human rights practices and
    the quality of life in Burma, including the development of a dialogue
    between the State Law and Order Restoration Council (SLORC) and
    democratic opposition groups within Burma.]
        [(d) Presidential Reports.--Every six months following the enactment
    of this Act, the President shall report to the Chairmen of the Committee
    on Foreign Relations, the Committee on International Relations and the
    House and Senate Appropriations Committees on the following:
             (1) progress toward democratization in Burma;
             (2) progress on improving the quality of life of the Burmese
        people, including progress on market reforms, living standards,
        labor standards, use of forced labor in the tourism industry, and
        environmental quality; and
             (3) progress made in developing the strategy referred to in
        subsection (c).]
        [(e) Waiver Authority.--The President shall have the authority to
    waive, temporarily or permanently, any sanction referred to in
    subsection (a) or subsection (b) if he determines and certifies to
    Congress that the application of such sanction would be contrary to the
    national security interests of the United States.]
        [(f) Definitions.--
             (1) The term ``international financial institutions'' shall
        include the International Bank for Reconstruction and Development,
        the International Development Association, the International Finance
        Corporation, the Multilateral Investment Guarantee Agency, the Asian
        Development Bank, and the International Monetary Fund.
             (2) The term ``new investment'' shall mean any of the following
        activities if such an activity is undertaken pursuant to an
        agreement, or pursuant to the exercise of rights under such an
        agreement, that is entered into with the Government of Burma or a
        nongovernmental entity in Burma, on or after the date of the
        certification under subsection (b):
                 (A) the entry into a contract that includes the economical
            development of resources located in Burma, or the entry into a
            contract providing for the general supervision and guarantee of
            another person's performance of such a contract;
                 (B) the purchase of a share of ownership, including an
            equity interest, in that development;
                 (C) the entry into a contract providing for the
            participation in royalties, earnings, or profits in that
            development, without regard to the form of the participation:
      Provided, That the term ``new investment'' does not include the entry
        into, performance of, or financing of a contract to sell or purchase
        goods, services, or technology.]

                          [Report Regarding Hong Kong]

        [Sec. 571. In light of the deficiencies in reports submitted to the
    Congress pursuant to section 301 of the United States-Hong Kong Policy
    Act (22 U.S.C. 5731), the Congress directs that the additional report
    required to be submitted during 1997 under such section include detailed
    information on the status of, and other developments affecting,
    implementation of the Sino-British Joint Declaration on the Question of
    Hong King, including--
             (1) the Basic Law and its consistency with the Joint
        Declaration;
             (2) Beijing's plans to replace the elected legislature with an
        appointed body;
             (3) the openness and fairness of the election of the chief
        executive and the executive's accountability to the legislature;
             (4) the treatment of political parties;
             (5) the independence of the Judiciary and its ability to
        exercise the power of final judgment over Hong Kong law; and
             (6) the Bill of Rights.]

           [Use of Funds for Purchase of Products Not Made in America]

        [Sec. 572. The Administrator of the Agency for International
    Development shall provide a report to the appropriate committees of the
    Congress on the ability of the United States Government to implement a
    provision of law (and on the foreign policy implications of such a
    provision of law) which would require that United States funds could be
    made available to the government of a foreign country for the purchase
    of any equipment or products only if such purchases were to occur in
    such foreign country or the United States, and substantially similar
    equipment and products were made in the United States and available for
    purchase at a price that is not more than 10 percent higher than that in
    other countries.]

                             [Conflict in Chechnya]

        [Sec. 573. The Secretary of State shall provide to the Committees on
    Appropriations no later than 30 days from the date of enactment of this
    Act a detailed report on actions undertaken by the United States
    Government to resolve the conflict in Chechnya.]

                 [Extension of Certain Adjudication Provisions]

        [Sec. 575. The Foreign Operations, Export Financing, and Related
    Programs Appropriations Act, 1990 (Public Law 101-167) is amended--
             (1) in section 599D (8 U.S.C. 1157 note)--
                 (A) in subsection (b)(3), by striking ``and 1996'' and
            inserting ``1996, and 1997''; and
                 (B) in subsection (e), by striking out ``October 1, 1996''
            each place it appears and inserting ``October 1, 1997''; and
             (2) in section 599E (8 U.S.C. 1255 note) in subsection (b)(2),
        by striking out ``September 30, 1996'' and inserting ``September 30,
        1997''.]

                            [Transparency of Budgets]

        [Sec. 576. (a) Limitation.--Beginning three years after the date of
    the enactment of this Act, the Secretary of the Treasury shall instruct
    the United States Executive Director of each international financial
    institution to use the voice and vote of the United States to oppose any
    loan or other utilization of the funds of their respective institution,
    other than to address basic human needs, for the government of any
    country which the Secretary of the Treasury determines--
             (1) does not have in place a functioning system for a civilian
        audit of all receipts and expenditures that fund activities of the
        armed forces and security forces;
             (2) has not provided a summary of a current audit to the
        institution.]
        [(b) Definition.--For purposes of this section, the term
    ``international financial institution'' shall include the institutions
    identified in section 532(b) of this Act.]

                                  [Guarantees]

        [Sec. 577. Section 251(b)(2)(G) of the Balanced Budget and Emergency
    Deficit Control Act of 1985 is amended by striking ``fiscal year 1994
    and 1995'' and inserting in lieu thereof ``fiscal years 1994, 1995, and
    1997'' in both places that this appears.]

    [Information on Cooperation With United States Anti-Terrorism Efforts in
                      Annual Country Reports on Terrorism]

        [Sec. 578. Section 140 of the Foreign Relations Authorization Act,
    fiscal years 1988 and 1989 (22 U.S.C. 2656f) is amended--
             (1) in subsection (a)--
                 (A) by striking ``and'' at the end of paragraph (1);
                 (B) by striking the period at the end of paragraph (2) and
            inserting a semicolon; and
                 (C) by adding at the end the following:
                     ``(3) with respect to each foreign country from which
                the United States Government has sought cooperation during
                the previous five years in the investigation or prosecution
                of an act of international terrorism against United States
                citizens or interests, information on--
                 ``(A) the extent to which the government of the foreign
            country is cooperating with the United States Government in
            apprehending, convicting, and punishing the individual or
            individuals responsible for the act; and
                 ``(B) the extent to which the government of the foreign
            country is cooperating in preventing further acts of terrorism
            against United States citizens in the foreign country; and

    [[Page 124]]

                     ``(4) with respect to each foreign country from which
                the United States Government has sought cooperation during
                the previous five years in the prevention of an act of
                international terrorism against such citizens or interests,
                the information described in paragraph (3)(B).''; and
             (2) in subsection (c)--
                 (A) by striking ``The report'' and inserting ``(1) Except
            as provided in paragraph (2), the report'';
                 (B) by indenting the margin of paragraph (1) as so
            designated, 2 ems; and
                 (C) by adding at the end the following: ``(2) If the
            Secretary of State determines that the transmittal of the
            information with respect to a foreign country under paragraph
            (3) or (4) of subsection (a) in classified form would make more
            likely the cooperation of the government of the foreign country
            as specified in such paragraph, the Secretary may transmit the
            information under such paragraph in classified form.''.]

                           [Female Genital Mutilation]

        [Sec. 579. (a) Limitation.--Beginning 1 year after the date of the
    enactment of this Act, the Secretary of the Treasury shall instruct the
    United States Executive Director of each international financial
    institution to use the voice and vote of the United States to oppose any
    loan or other utilization of the funds of their respective institution,
    other than to address basic human needs, for the government of any
    country which the Secretary of the Treasury determines--
             (1) has, as a cultural custom, a known history of the practice
        of female genital mutilation; and
             (2) has not taken steps to implement educational programs
        designed to prevent the practice of female genital mutilation.]
        [(B) Definition.--For purposes of this section, the term
    ``international financial institution'' shall include the institutions
    identified in section 532(b) of this Act.]

      [Requirement for Disclosure of Foreign Aid in Report of Secretary of
                                     State]

        [Sec. 580. (a) Foreign Aid Reporting Requirement.--In addition to
    the voting practices of a foreign country, the report required to be
    submitted to Congress under section 406(a) of the Foreign Relations
    Authorization Act fiscal years 1990 and 1991 (22 U.S.C. 2414a), shall
    include a side-by-side comparison of individual countries' overall
    support for the United States at the United Nations and the amount of
    United States assistance provided to such country in fiscal year 1996.]
        [(b) United States Assistance.--For purposes of this section, the
    term ``United States assistance'' has the meaning given the term in
    section 481(e)(4) of the Foreign Assistance Act of 1961 (22 U.S.C.
    2291(e)(4)).]

      [Restrictions on Voluntary Contributions to United Nations Agencies]

        [Sec. 581. (a) Prohibition on Voluntary Contributions for the United
    Nations.--None of the funds appropriated or otherwise made available by
    this Act may be made available to pay any voluntary contribution of the
    United States to the United Nations (including the United Nations
    Development Program) if the United Nations implements or imposes any
    taxation on any United States persons.]
        [(b) Certification Required for Disbursement of Funds.--None of the
    funds appropriated or otherwise made available under this Act may be
    made available to pay any voluntary contribution of the United States to
    the United Nations (including the United Nations Development Program)
    unless the President certifies to the Congress 15 days in advance of
    such payment that the United Nations is not engaged in any effort to
    implement or impose any taxation on United States persons in order to
    raise revenue for the United Nations or any of its specialized
    agencies.]
        [(c) Definitions.--As used in this section the term ``United States
    person'' refers to--
             (1) a natural person who is a citizen or national of the United
        States; or
             (2) a corporation, partnership, or other legal entity organized
        under the United States or any State, territory, possession, or
        district of the United States.]

                                     [Haiti]

        [Sec. 582. The Government of Haiti shall be eligible to purchase
    defense articles and services under the Arms Export Control Act (22
    U.S.C. 2751 et seq.), for the civilian-led Haitian National Police and
    Coast Guard: Provided, That the authority provided by this section shall
    be subject to the regular notification procedures of the Committees on
    Appropriations.]

    [Refugee Status for Adult Children of Former Vietnamese Reeducation Camp
            Internees Resettled Under the Orderly Departure Program]

        [Sec. 584. (a) Eligibility for Orderly Departure Program.--For
    purposes of eligibility for the Orderly Departure Program for nationals
    of Vietnam, during fiscal year 1997, an alien described in subsection
    (b) shall be considered to be a refugee of special humanitarian concern
    to the United States within the meaning of section 207 of the
    Immigration and Nationality Act (8 U.S.C. 1157) and shall be admitted to
    the United States for resettlement if the alien would be admissible as
    an immigrant under the Immigration and Nationality Act (except as
    provided in section 207(c)(3) of that Act).]
        [(b) Aliens Covered.--An alien described in this subsection is an
    alien who--
             (1) is the son or daughter of a national of Vietnam who--
                 (A) was formerly interned in a reeducation camp in Vietnam
            by the Government of the Socialist Republic of Vietnam; and
                 (B) has been accepted for resettlement as a refugee under
            the Orderly Departure Program on or after April 1, 1995;
             (2) is 21 years of age or older; and
             (3) was unmarried as of the date of acceptance of the alien's
        parent for resettlement under the Orderly Departure Program.]
        [(c) Supersedes Existing Law.--This section supersedes any other
    provision of law.]

                                  [North Korea]

        [Sec. 585. Ninety days after the date of enactment of this Act, and
    every 180 days thereafter, the Secretary of State, in consultation with
    the Secretary of Defense, shall provide a report in a classified or
    unclassified form to the Committee on Appropriations including the
    following information:
             (a) a best estimate on fuel used by the military forces of the
        Democratic People's Republic of Korea (DPRK);
             (b) the deployment position and military training and
        activities of the DPRK forces and best estimate of the associated
        costs of these activities;
             (c) steps taken to reduce the DPRK level of forces; and
             (d) cooperation, training, or exchanges of information,
        technology or personnel between the DPRK and any other nation
        supporting the development or deployment of a ballistic missile
        capability.]

                      [Limitation on Assistance to Mexico]

        [Sec. 587. Not less than $2,500,000 of the funds appropriated or
    otherwise made available by this Act for the Government of Mexico shall
    be withheld from obligation until the President has determined and
    reported to Congress that--
             (1) the Government of Mexico is taking actions to reduce the
        amount of illegal drugs entering the United States from Mexico; and
             (2) the Government of Mexico--
                 (A) is taking effective actions to apply vigorously all law
            enforcement resources to investigate, track, capture,
            incarcerate, and prosecute individuals controlling, supervising,
            or managing international narcotics cartels or other similar
            entities and the accomplices of such individuals, individuals
            responsible for, or otherwise involved in, corruption, and
            individuals involved in money-laundering;
                 (B) is pursuing international anti-drug trafficking
            initiatives;
                 (C) is cooperating fully with international efforts at
            narcotics interdiction; and
                 (D) is cooperating fully with requests by the United States
            for assistance in investigations of money-laundering violations
            and is making progress toward implementation of effective laws
            to prohibit money-laundering.]

                      [Limitation of Assistance to Turkey]

        [Sec. 588. Not more than $22,000,000 of the funds appropriated in
    this Act under the heading ``Economic Support Fund'' may be made
    available to the Government of Turkey.]

    [[Page 125]]

             [Civil Liability for Acts of State Sponsored Terrorism]

        [Sec. 589. (a) an official, employee, or agent of a foreign state
    designated as a state sponsor of terrorism designated under section 6(j)
    of the Export Administration Act of 1979 while acting within the scope
    of his or her office, employment, or agency shall be liable to a United
    States national or the national's legal representative for personal
    injury or death caused by acts of that official, employee, or agent for
    which the courts of the United States may maintain jurisdiction under
    section 1605(a)(7) of title 28, United States Code, for money damages
    which may include economic damages, solatium, pain, and suffering, and
    punitive damages if the acts were among those described in section
    1605(a)(7).]
        [(b) Provisions related to statute of limitations and limitations on
    discovery that would apply to an action brought under 28 U.S.C. 1605(f)
    and (g) shall also apply to actions brought under this section. No
    action shall be maintained under this action if an official, employee,
    or agent of the United States, while acting within the scope of his or
    her office, employment, or agency would not be liable for such acts if
    carried out within the United States.] (Foreign Operations, Export
    Financing, and Related Programs Appropriation Act, 1997.)