    [Appendix]
    [Detailed Budget Estimates by Agency]
    [International Assistance Program]
    [From the U.S. Government Printing Office, www.gpo.gov]

    [[Page 927]]

                        INTERNATIONAL ASSISTANCE PROGRAMS

                        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, [$2,400,000,000] $2,513,600,000, to remain available until
    [September 30, 1999: 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 30 days of enactment of this Act or by
    October 31, 1997, 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: Provided further, That in
    exercising the authority to provide cash transfer assistance for Israel,
    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 such country: Provided further, That of the funds
    appropriated under this heading, not less than $150,000,000 shall be
    made available for Jordan: Provided further, That of the funds made
    available under this heading in previous Acts making appropriations for
    foreign operations, export financing, and related programs,
    notwithstanding any provision in any such heading in such previous Acts,
    up to $116,000,000 may be allocated or made available for programs and
    activities under this heading including the Middle East Peace and
    Stability Fund: Provided further, That in carrying out the previous
    proviso, the President should seek to ensure to the extent feasible that
    not more than 1 percent of the amount specified in section 586 of this
    Act should be derived from funds that would otherwise be made available
    for any single country: Provided further, That funds provided for the
    Middle East Peace and Stability Fund by a country in the region under
    the authority of section 635(d) of the Foreign Assistance Act of 1961,
    and funds made available for Jordan following the date of enactment of
    this Act from previous Acts making appropriations for foreign
    operations, export financing, and related programs, shall count toward
    meeting the earmark contained in the fourth proviso under this heading:
    Provided further, That up to $10,000,000 of funds under this heading in
    previous foreign operations, export financing, and related programs
    appropriations Acts that were reprogrammed for Jordan during fiscal year
    1997 shall also count toward such earmark: Provided further, That, in
    order to facilitate the implementation of the fourth proviso under this
    heading, the requirement of section 515 of this Act or any similar
    provision of law shall not apply to the making available of funds
    appropriated for a fiscal year for programs, projects, or activities
    that were justified for another fiscal year: Provided further, That for
    fiscal year 1998 such portions of the notification required under
    section 653 of the Foreign Assistance Act of 1961 that relate to the
    Middle East may be submitted to the Congress as soon as practicable, but
    no later than March 1, 1998: Provided further, That during fiscal year
    1998, of the local currencies generated from funds made available under
    this heading for Guatemala by this Act and prior appropriations Acts,
    the United States and Guatemala may jointly program the Guatemala
    quetzales equivalent of a total of up to $10,000,000 for the purpose of
    retiring the debt owed by universities in Guatemala to the Inter-
    American Development Bank] expended, of which not to exceed $10,000,000
    may be used, notwithstanding any other provision of law, to support
    victims of and programs related to the Holocaust: Provided further, That
    notwithstanding any provision in this or any other Act, funds provided
    under this heading may be used to support the Bank for Economic
    Cooperation and Development in the Middle East and North Africa.
    (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1037-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations.................       2,420       2,662       2,514
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......         287         242
    22.00 New budget authority (gross)......       2,385       2,420       2,514
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          16
    22.21 Unobligated balance transferred to
            other accounts..................          -6
    22.30 Unobligated balance expiring......         -20
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       2,662       2,662       2,514
    23.95 New obligations...................      -2,420      -2,662      -2,514
    24.40 Unobligated balance available, end
            of year: Uninvested.............         242
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................       2,363       2,420       2,514
    41.00 Transferred to other accounts.....         -19
    42.00 Transferred from other accounts...          41
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........       2,385       2,420       2,514
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       2,385       2,420       2,514
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...       2,799       2,976       3,217
    73.10 New obligations...................       2,420       2,662       2,514
    73.20 Total outlays (gross).............      -2,226      -2,421      -2,418
    73.40 Adjustments in expired accounts...          -1
    73.45 Adjustments in unexpired accounts.         -16
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...       2,976       3,217       3,313
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority       1,214       1,285       1,292
    86.93 Outlays from current balances.....       1,012       1,136       1,126
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       2,226       2,421       2,418
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       2,385       2,420       2,514
    90.00 Outlays...........................       2,226       2,421       2,418
    ---------------------------------------------------------------------------

        This account supports U.S. foreign policy objectives by providing
    economic assistance to allies and countries in transition to democracy,
    supporting the Middle East peace process, and financing economic
    stabilization programs, frequently in a multi-donor context. Key
    objectives include:

        (1) Supporting strategically significant friends and allies through
    assistance designed to increase the role of the private sector in the
    economy, reduce government controls over markets, enhance job creation,
    and improve economic growth.

        (2) Developing and strengthening institutions necessary for
    sustainable democracy. Typical areas of assistance include technical
    assistance to administer and monitor elections, capacity-building for
    non-governmental organizations, judicial training, and women's
    participation in politics. Assistance is also provided to support the
    transformation of the public sector to encourage democratic development,
    including training to improve public administration, promote
    decentralization, strengthen local governments, parliaments, independent
    media and non-governmental organizations.

        (3) Strengthening the capacity to manage the human dimension of the
    transition to democracy and a market econ-

    [[Page 928]]

    omy, and to help sustain the neediest sectors of the population during
    the transition period.

        Haiti.--The Administration is requesting a total of $140,000,000 out
    of the total ESF appropriation for Haiti. Haiti is at a pivotal juncture
    in its efforts to make the transformation to a democratic form of
    government and a free market economy. The Administration believes these
    additional resources for Haiti will be especially beneficial to show
    continued support for Haiti following the scheduled conclusion of the
    United Nation's peacekeeping operations in Haiti at the end of November
    1998.

        Holocaust Victims Relief.--This is a contribution toward the three-
    year U.S. Government donation (not to exceed $25 million) for a
    multilateral program of financial relief to certain victims of Nazi
    persecution during World War II. Grants from the fund will be provided
    through approved non-governmental organizations with established
    administrative and organizational infrastructure to ensure the
    contributions are utilized only for the relief of living victims, who
    have to date received little or no relief and currently live below the
    poverty line in their country of residence.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1037-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    25.2    Other services..................           6           5           5
    41.0    Grants, subsidies, and
              contributions.................       2,371       2,657       2,509
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..       2,377       2,662       2,514
    41.0  Allocation Account: Grants,
            subsidies, and contributions....          43
                                               ---------   ---------  ----------
    99.9    Total obligations...............       2,420       2,662       2,514
    ---------------------------------------------------------------------------

                       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,
    [$3,296,550,000] $3,275,910,000: Provided, [That of the funds
    appropriated under this heading, 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 made available for grants only for Egypt: Provided further,
    That the funds appropriated by this paragraph for Israel shall be
    disbursed within 30 days of enactment of this Act or by October 31,
    1997, 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
    appropriated by this paragraph, not less than $75,000,000 shall be
    available for assistance for Jordan: Provided further, That during
    fiscal year 1998 the President is authorized to, and shall, direct
    drawdowns 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 of not less than
    $25,000,000 under the authority of this proviso for Jordan for the
    purposes of part II of the Foreign Assistance Act of 1961, and any
    amount so directed shall count toward meeting the earmark in the
    previous proviso: Provided further, That section 506(c) of the Foreign
    Assistance Act of 1961 shall apply, and section 632(d) of the Foreign
    Assistance Act of 1961 shall not apply, to any such drawdown: Provided
    further, That of the funds appropriated by this paragraph, a total of
    $18,300,000 should be available for assistance for Estonia, Latvia, and
    Lithuania: 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: Provided
    further,] That funds appropriated by this paragraph shall be
    nonrepayable notwithstanding any requirement in section 23 of the Arms
    Export Control Act: Provided further, That funds made available under
    this paragraph shall be obligated upon apportionment in accordance with
    paragraph (5)(C) of title 31, United States Code, section 1501(a)[:
    Provided further, That $50,000,000 of the funds appropriated or
    otherwise made available under this heading should be made available for
    the purpose of facilitating the integration of Poland, Hungary, and the
    Czech Republic into the North Atlantic Treaty Organization].
        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] $20,000,000:
    Provided, That these funds are available to subsidize gross obligations
    for the principal amount of direct loans of not to exceed [$657,000,000:
    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 funds appropriated under this paragraph 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: $105,000,000 only for Greece and $150,000,000 only for
    Turkey] $167,000,000.
        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 none of the funds appropriated under
    this heading shall be available for Sudan and Liberia: Provided
    further,] That funds made available under this heading may be used,
    notwithstanding any other provision of law, for demining, the clearance
    of unexploded ordnance, and related activities 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] $29,910,000 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 none of the funds under this heading shall be available for
    Guatemala:] Provided further, That not more than [$350,000,000]
    $340,000,000 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 [1998] 1999 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, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1082-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity [GPRA]....       3,266       3,313       3,246
    00.02 Direct Program Activity [GPRA]....          23          30          30
                                               ---------   ---------  ----------
    10.00   Total obligations...............       3,289       3,343       3,276
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......       3,288       3,343       3,276

    [[Page 929]]

    23.95 New obligations...................      -3,289      -3,343      -3,276
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................       3,224       3,297       3,276
    42.00 Transferred from other accounts...          64          46
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........       3,288       3,343       3,276
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       3,288       3,343       3,276
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...       1,781       2,110       2,240
    73.10 New obligations...................       3,289       3,343       3,276
    73.20 Total outlays (gross).............      -2,960      -3,213      -3,178
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...       2,110       2,240       2,337
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority       1,844       1,843       1,839
    86.93 Outlays from current balances.....       1,116       1,370       1,339
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       2,960       3,213       3,178
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       3,288       3,343       3,276
    90.00 Outlays...........................       2,960       3,213       3,178
    ---------------------------------------------------------------------------

        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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................          23          30          30
    41.0  Grants, subsidies, and
            contributions...................       3,266       3,313       3,246
                                               ---------   ---------  ----------
    99.9    Total obligations...............       3,289       3,343       3,276
    ---------------------------------------------------------------------------

                  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, to remain available
    until September 30, 2000: Provided, That the civilian personnel for whom
    military education and training may be provided under this heading may
    include civilians who are not members of a government whose
    participation would contribute to improved civil-military relations,
    civilian control of the military, or respect for human rights[: Provided
    further, That funds appropriated under this heading for grant financed
    military education and training for Indonesia and Guatemala may only be
    available for expanded international military education and training and
    funds made available for Guatemala may only be provided through the
    regular notification procedures of the Committees on Appropriations:
    Provided further, That none of the funds appropriated under this heading
    may be made available to support grant financed military education and
    training at the School of the Americas unless: (1) the Secretary of
    Defense certifies that the instruction and training provided by the
    School of the Americas is fully consistent with training and doctrine,
    particularly with respect to the observance of human rights, provided by
    the Department of Defense to United States military students at
    Department of Defense institutions whose primary purpose is to train
    United States military personnel; (2) the Secretary of Defense certifies
    that the Secretary of State, in consultation with the Secretary of
    Defense, has developed and issued specific guidelines governing the
    selection and screening of candidates for instruction at the School of
    the Americas; and (3) the Secretary of Defense submits to the Committees
    on Appropriations a report detailing the training activities of the
    School of the Americas and a general assessment regarding the
    performance of its graduates during 1996]. (Foreign Operations, Export
    Financing, and Related Programs Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1081-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

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

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

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          27          35          39
    73.10 New obligations...................          43          50          50
    73.20 Total outlays (gross).............         -34         -46         -49
    73.40 Adjustments in expired accounts...          -2
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          35          39          40
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          20          25          25
    86.93 Outlays from current balances.....          14          21          24
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          34          46          49
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          43          50          50
    90.00 Outlays...........................          34          46          49
    ---------------------------------------------------------------------------

        This assistance provides grants for 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 internationally recognized standards of individual and human rights.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1081-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    26.0  Supplies and materials............           4           5           5
    41.0  Grants, subsidies, and
            contributions...................          38          44          44
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..          42          49          49
    99.5  Below reporting threshold.........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          43          50          50
    ---------------------------------------------------------------------------

                      Military-to-Military Contact Program

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1084-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

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

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

        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

    [[Page 930]]

    military organizations 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, [$77,500,000] $83,000,000[:
    Provided, That none of the funds appropriated under this heading shall
    be obligated or expended except as provided through the regular
    notification procedures of the Committees on Appropriations]. (Foreign
    Operations, Export Financing, and Related Programs Appropriations Act,
    1998).

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1032-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            41.0)...........................          97          78          83
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          97          78          83
    23.95 New obligations...................         -97         -78         -83
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          65          78          83
    42.00 Transferred from other accounts...          32
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........          97          78          83
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          97          78          83
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          50          41          25
    73.10 New obligations...................          97          78          83
    73.20 Total outlays (gross).............        -106         -94         -81
    73.40 Adjustments in expired accounts...          -2
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          41          25          27
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          68          54          57
    86.93 Outlays from current balances.....          38          40          24
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         106          94          81
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          97          78          83
    90.00 Outlays...........................         106          94          81
    ---------------------------------------------------------------------------

        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 provides funds to other related programs carried out in
    furtherance of the national security interests of the United States. In
    1999, contributions are planned for the Multinational Force and
    Observers in the Sinai, Europe, Africa and other regional programs, and
    other activities.

         Nonproliferation, Anti-Terrorism, Demining and Related Programs

        For necessary expenses for nonproliferation, anti-terrorism and
    related programs and activities, [$133,000,000] $215,900,000, 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 or the Foreign Assistance Act of 1961 for
    demining, the clearance of unexploded ordnance, and related 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 a United States contribution to the
    Comprehensive Nuclear Test Ban Treaty Preparatory Commission: 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 $30,000,000 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, 30 days prior to such obligation of funds, the President
    certifies and so reports to Congress that: (1)(A) the parties to the
    Agreed Framework are 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 April 1, 1998; 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 the obligation of any funds for KEDO
    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
    KEDO, to include unpaid debt, proposed annual costs associated with
    heavy fuel oil purchases, and the amount of funds pledged by other donor
    nations and organizations to support KEDO activities on a per country
    basis, and other related activities: Provided further, That of the funds
    made available under this heading, up to $10,000,000 may be made
    available to KEDO, in addition to funds otherwise made available under
    this heading for KEDO, if the Secretary of State certifies and reports
    to the Committees on Appropriations that, except for the funds made
    available under this proviso, funds sufficient to cover all outstanding
    debts owed by KEDO for heavy fuel oil have been provided to KEDO by
    donors other than the United States]. (Foreign Operations, Export
    Financing, and Related Programs Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1075-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Comprehensive test ban treaty
            prepcom.........................                                  29
    00.02 Demining..........................           1          20          50
    00.03 Export control....................                       3           5
    00.04 Nonproliferation and disarmament
            assistance......................          15          15          15
    00.05 Anti-terrorism assistance.........          18          19          21
    00.06 IAEA voluntary contribution.......          36          36          40
    00.07 KEDO payment......................          25          40          35
    00.08 Science centers in NIS............          14                      21
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              41.0).........................         108         133         216
    ----------------------------------------------------------------------------

    [[Page 931]]

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......                       1           1
    22.00 New budget authority (gross)......         109         133         216
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         109         134         217
    23.95 New obligations...................        -108        -133        -216
    24.40 Unobligated balance available, end
            of year: Uninvested.............           1           1           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................         151         133         216
    41.00 Transferred to other accounts.....         -56
    42.00 Transferred from other accounts...          14
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........         109         133         216
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         109         133         216
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...                      37          60
    73.10 New obligations...................         108         133         216
    73.20 Total outlays (gross).............         -71        -110        -183
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          37          60          93
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          71          86         140
    86.93 Outlays from current balances.....                      24          43
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          71         110         183
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         109         133         216
    90.00 Outlays...........................          71         110         183
    ---------------------------------------------------------------------------

        This account funds contributions to certain organizations supporting
    nonproliferation, and provides assistance for nonproliferation,
    demining, antiterrorism, and export control activities.

                Assistance for Relocation of Facilities in Israel

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1088-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

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

    68.00   Offsetting collections (cash)...           2
    68.49   Portion applied to liquidate
              contract authority............          -1
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total).....................           1
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.49 Unpaid obligations, start of year:
            Obligated balance: Contract
            authority.......................           4           3
    73.20 Total outlays (gross).............          -1           1
    73.40 Adjustments in expired accounts...                      -3
    74.49 Unpaid obligations, end of year:
            Obligated balance: Contract
            authority.......................           3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from current balances.....           1
    86.98 Outlays from permanent balances...                      -1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           1          -1
    ----------------------------------------------------------------------------

        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...........................                      -1
    ---------------------------------------------------------------------------

                Status of Contract Authority (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1088-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    0100  Balance, start of year............           4           3
    0360  Adjustments in expired accounts...                      -3
    0500  Offsetting collections applied to
            liquidate contract authority....          -1
    0700  Balance, end of year..............           3
    ---------------------------------------------------------------------------

        This account shows financial transactions related to the
    construction of two airfields in Israel that were part of the Camp David
    agreement. The 1998 transactions are expected to be the last ones in
    this account.

                     Non-Proliferation and Disarmament Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1071-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations.................          11           5
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          16           5
    23.95 New obligations...................         -11          -5
    24.40 Unobligated balance available, end
            of year: Uninvested.............           5
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          13          18           7
    73.10 New obligations...................          11           5
    73.20 Total outlays (gross).............          -6         -16          -7
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          18           7
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from current balances.....           6          16           7
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................           6          16           7
    ---------------------------------------------------------------------------

        This account provided 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. Starting in 1997, these
    activities have been funded from the Non-Proliferation, Anti-Terrorism,
    Demining and Related Programs account. This schedule reflects the spend-
    out of prior-year obligations.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1071-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................          10           5
    41.0  Grants, subsidies, and
            contributions...................           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          11           5
    ---------------------------------------------------------------------------

    Credit accounts:

                 Foreign Military Financing Loan Program Account

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1085-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Balance, start of year:
    01.99 Balance, start of year............                      11          26
        Receipts:
    02.01 Downward reestimates of subsidies.          11          15
                                               ---------   ---------  ----------

    [[Page 932]]

    04.00 Total: Balances and collections...          11          26          26
    07.99 Total balance, end of year........          11          26          26
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1085-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................          58          20          20
    00.05 Direct program....................          23          16
    00.06 Direct program....................           1           3
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              41.0).........................          82          39          20
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          82          39          20
    23.95 New obligations...................         -82         -39         -20
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.00   Appropriation...................          60          60          20
    41.00   Transferred to other accounts...          -2         -40
                                               ---------   ---------  ----------
    43.00     Appropriation (total).........          58          20          20
          Permanent:

    60.05   Appropriation (indefinite)......          24          19
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          82          39          20
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...         184         202         176
    73.10 New obligations...................          82          39          20
    73.20 Total outlays (gross).............         -64         -65         -39
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         202         176         158
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from current balances.....          40          46          39
    86.97 Outlays from new permanent
            authority.......................          24          19
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          64          65          39
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          82          39          20
    90.00 Outlays...........................          64          65          39
    ---------------------------------------------------------------------------

        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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Direct loan levels supportable by subsidy
                    budget authority:
    1150  Direct loan levels................         297         200         167
                                               ---------   ---------  ----------
    1159    Total direct loan levels........         297         200         167
        Direct loan subsidy (in percent):
    1320  Subsidy rate......................       13.43       10.00       11.97
                                               ---------   ---------  ----------
    1329    Weighted average subsidy rate...       13.43       10.00       11.97
        Direct loan subsidy budget authority:
    1330  Subsidy budget authority..........          83          60          20
                                               ---------   ---------  ----------
    1339    Total subsidy budget authority..          83          60          20
        Direct loan subsidy outlays:
    1340  Subsidy outlays...................          64          46          39
                                               ---------   ---------  ----------
    1349    Total subsidy outlays...........          64          46          39
    ---------------------------------------------------------------------------

            Foreign Military Financing Direct Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4122-0-3-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................         298         200         167
    00.02 Direct program....................          99         112         148
    00.03 Direct program....................          11          13
    00.04 Direct program....................                       2
                                               ---------   ---------  ----------
    10.00   Total obligations...............         408         327         315
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New financing authority (gross)...         408         327         315
    23.95 New obligations...................        -408        -327        -315
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    67.15 Authority to borrow (indefinite)..         258         196         147
          Spending authority from offsetting
              collections:

    68.00   Offsetting collections (cash)...         183         467         567
    68.10   Change in receivables from
              program account...............          18         -26         -18
    68.47   Portion applied to debt
              reduction.....................         -51        -310        -381
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total).....................         150         131         168
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................         408         327         315
    ----------------------------------------------------------------------------

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

    72.40   Obligated balance: Uninvested...       1,789       1,692       1,445
    72.95   Receivables from program account         184         202         176
                                               ---------   ---------  ----------
    72.99     Total unpaid obligations,
                start of year...............       1,973       1,894       1,621
    73.10 New obligations...................         408         327         315
    73.20 Total financing disbursements
            (gross).........................        -487        -600        -691
          Unpaid obligations, end of year:

    74.40   Obligated balance: Uninvested...       1,692       1,445       1,089
    74.95   Receivables from program account         202         176         158
                                               ---------   ---------  ----------
    74.99     Total unpaid obligations, end
                of year.....................       1,894       1,621       1,247
    87.00 Total financing disbursements
            (gross).........................         487         600         691
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
              Federal sources:
    88.00       Federal sources.............         -64         -46         -39
    88.00       Federal sources.............         -25         -19
    88.40     Non-Federal sources...........         -94        -402        -528
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -183        -467        -567
    88.95 Change in receivables from program
            account.........................         -18          26          18
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............         207        -114        -234
    90.00 Financing disbursements...........         303         133         124
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4122-0-3-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........         540         200         167
    1112  Unobligated direct loan limitation        -242
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...         298         200         167
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........       1,098       1,451       1,702
    1231  Disbursements: Direct loan
            disbursements...................         376         471         543
    1251  Repayments: Repayments and
            prepayments.....................         -23        -220        -322
                                               ---------   ---------  ----------

    [[Page 933]]

    1290    Outstanding, end of year........       1,451       1,702       1,923
    ---------------------------------------------------------------------------

        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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....         160            130
            Investments in US securities:
    1106      Receivables, net..............         184            202           176            158
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..       1,098          1,451         1,702          1,923
    1402    Interest receivable.............          12             16            18             21
    1405    Allowance for subsidy cost (-)..        -143           -189          -235           -274
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....         967          1,278         1,485          1,670
    1901  Other Federal assets: Other assets       1,630          1,562         1,317            959
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................       2,941          3,172         2,978          2,787
        LIABILITIES:
          Federal liabilities:

    2103    Debt............................       1,134          1,408         1,589          1,751
    2105    Other...........................       1,623          1,764         1,389          1,036
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............       2,757          3,172         2,978          2,787
        NET POSITION:
    3100  Appropriated capital..............         184
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............         184
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position       2,941          3,172         2,978          2,787
    -----------------------------------------------------------------------------------------------

                    Foreign Military Loan Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4121-0-3-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................          28          10           9
    00.02 Direct program....................          20          39          37
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              33.0).........................          48          49          46
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          48          49          46
    23.95 New obligations...................         -48         -49         -46
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    60.05 Appropriation (indefinite)........          16          28          31
          Spending authority from offsetting
              collections:

            Offsetting collections (cash):
    68.00     Offsetting collections (cash).         236         241         233
    68.00     Offsetting collections (cash).           4          18           4
    68.27   Capital transfer to general fund          -9         -19          -4
    68.47   Portion applied to debt
              reduction.....................        -199        -219        -218
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total).....................          32          21          15
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          48          49          46
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    73.10 New obligations...................          48          49          46
    73.20 Total outlays (gross).............         -48         -49         -46
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new permanent
            authority.......................          48          49          46
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
              Federal sources:
    88.00       Federal sources.............
    88.00       Federal sources.............          -4         -18          -4
              Non-Federal sources:
    88.40       Non-Federal sources.........         -37         -22         -15
    88.40       Non-Federal sources.........        -199        -219        -218
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -240        -259        -237
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................        -192        -210        -191
    90.00 Outlays...........................        -192        -210        -191
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4121-0-3-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........       7,021       6,154       5,313
    1231  Disbursements: Direct loan
            disbursements...................          14           9           8
    1251  Repayments: Repayments and
            prepayments.....................        -892        -812        -628
    1261  Adjustments: Capitalized interest.          21
    1264  Write-offs for default: Other
            adjustments, net................         -10         -38          -6
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........       6,154       5,313       4,687
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4121-0-3-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........       6,129       5,691       5,303
    2251  Repayments and prepayments........        -432        -387        -379
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................          -6          -1          -1
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       5,691       5,303       4,923
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       5,122       4,772       4,430
    ----------------------------------------------------------------------------

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

    2331    Disbursements for guaranteed
              loan claims...................          34          10           9
    2364    Other adjustments, net..........         -34         -10          -9
    ---------------------------------------------------------------------------

        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.

                            Statement of Operations (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   11-4121-0-3-152    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
    0111  Revenue...........................         282            322           283            252
    0112  Expense...........................        -293           -330          -283           -252
                                            ------------ --------------  ------------  -------------
    0119  Net income or loss (-)............         -11             -8
                                            ------------ --------------  ------------  -------------
    0199  Net income or loss................         -11             -8
    -----------------------------------------------------------------------------------------------

    [[Page 934]]

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   11-4121-0-3-152    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................
          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1601    Direct loans, gross.............       7,021          6,154         5,313          4,687
    1602    Interest receivable.............         655            729           636            563
    1604    Direct loans and interest
              receivable, net...............       7,676          6,883         5,949          5,250
                                            ------------ --------------  ------------  -------------
    1699      Value of assets related to
                direct loans................       7,676          6,883         5,949          5,250
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................       7,676          6,883         5,949          5,250
        LIABILITIES:
          Federal liabilities:

    2102    Interest payable................          51             48            44             41
    2103    Debt............................       3,247          3,048         2,829          2,611
    2105    Other...........................       3,767          3,177         2,466          1,988
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............       7,065          6,273         5,339          4,640
        NET POSITION:
    3100  Appropriated capital..............
    3300  Cumulative results of operations..         611            610           610            610
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............         611            610           610            610
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position       7,676          6,883         5,949          5,250
    -----------------------------------------------------------------------------------------------

                    Military Debt Reduction Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4174-0-3-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Reimbursable program..............           4          18           4
    09.02 Reimbursable program..............                       1           1
                                               ---------   ---------  ----------
    10.00   Total obligations...............           4          19           5
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New financing authority (gross)...           4          19           5
    23.95 New obligations...................          -4         -19          -5
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    67.15 Authority to borrow (indefinite)..           3          16           2
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............           1           3           3
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................           4          19           5
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    73.10 New obligations...................           4          19           5
    73.20 Total financing disbursements
            (gross).........................          -4         -19          -5
    87.00 Total financing disbursements
            (gross).........................           4          19           5
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -1          -3          -3
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............           3          16           2
    90.00 Financing disbursements...........           3          16           2
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4174-0-3-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........           3          18           4
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...           3          18           4
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........                       3          17
    1233  Disbursements: Purchase of loans
            assets from a liquidating
            account.........................           3          14           1
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........           3          17          18
    ---------------------------------------------------------------------------

        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. 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   11-4174-0-3-152    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..                          3            17             18
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....                          3            17             18
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................                          3            17             18
        LIABILITIES:
    2103  Federal liabilities: Debt.........                          3            17             18
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............                          3            17             18
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position                          3            17             18
    -----------------------------------------------------------------------------------------------

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4174-0-3-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    33.0  Investments and loans.............           4          18           4
    43.0  Interest and dividends............                       1           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............           4          19           5
    ---------------------------------------------------------------------------

                      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
    contribution to the Global Environment Facility (GEF), [$47,500,000]
    $300,000,000, to remain available until [September 30, 1999] expended.
    (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0077-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            33.0)...........................          35          48         300
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......       7,663       7,663       7,663
    22.00 New budget authority (gross)......          35          48         300
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       7,698       7,711       7,963
    23.95 New obligations...................         -35         -48        -300
    24.40 Unobligated balance available, end
            of year: Uninvested.............       7,663       7,663       7,663
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          35          48         300
    ----------------------------------------------------------------------------

    [[Page 935]]

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...         191         158         169
    73.10 New obligations...................          35          48         300
    73.20 Total outlays (gross).............         -67         -37         -61
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         158         169         408
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority           3           4          27
    86.93 Outlays from current balances.....          64          33          34
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          67          37          61
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          35          48         300
    90.00 Outlays...........................          67          37          61
    ---------------------------------------------------------------------------

        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 $14.5 billion during its 1997
    fiscal year; IBRD gross disbursements were $14.0 billion. Since its
    establishment in 1945, the IBRD has made loans totalling $295 billion--
    $147 for every $1 of U.S. paid in capital.

        The Global Environment Facility (GEF) provides technical assistance
    and partial funding for developing country investments designed to
    provide global environmental benefits by reducing international water
    pollution, and ozone depletion, and by promoting biodiversity and energy
    conservation. With its highly specific focus on global environmental
    issues--where both costs and benefits are shared across international
    borders--the GEF occupies a unique and increasingly important niche in
    the international financial institution system. Its basic mission is to
    support innovative and cost-effective pilot investments whose design and
    environmental benefits can be duplicated (and financed) elsewhere. Under
    strong U.S. leadership, flowing in part from our position as the largest
    donor on the GEF's governing Council, the GEF has been making
    substantial progress in leveraging its limited resources. The World
    Bank, the UN Development Program, the UN Environment Program and,
    increasingly, private investors, provide substantial cofinancing for GEF
    projects. Since its inception in 1994, total GEF commitments amount to
    about $1.7 billion, triggering additional cofinancing of over $4
    billion.

        The initial U.S. commitment to the GEF in 1995 amounted to $430
    million, of which we have delivered $227.5 million. As of the end of
    1998, U.S. arrears will amount to $192.5 million. The Administration is
    negotiating a GEF-2 replenishment and intends to limit its contributions
    to GEF-1 levels, and will seek Congressional authorization to contribute
    $430 million to GEF over four years. The 1999 request of $300 million
    would clear all arrears to GEF-1 and cover one year of annual
    commitments to the GEF's second funding cycle.

            contribution to the international development association

        For payment to the International Development Association by the
    Secretary of the Treasury, [$1,034,503,100] $800,000,000, to remain
    available until expended[, of which $234,503,100 shall be available to
    pay for the tenth replenishment: Provided, That none of the funds may be
    obligated or made available until the Secretary of the Treasury
    certifies to the Committees on Appropriations that procurement
    restrictions applicable to United States firms under the terms of the
    Interim Trust Fund have been lifted from all funds which Interim Trust
    Fund donors proposed to set aside for review of procurement restrictions
    at the conclusion of the February 1997 IDA Deputies Meeting in Paris].
    (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0073-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            33.0)...........................         700       1,035         800
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         700       1,035         800
    23.95 New obligations...................        -700      -1,035        -800
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................         700       1,035         800
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...       3,282       2,755       2,733
    73.10 New obligations...................         700       1,035         800
    73.20 Total outlays (gross).............      -1,227      -1,057        -911
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...       2,755       2,733       2,622
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          64          79          61
    86.93 Outlays from current balances.....       1,163         979         850
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       1,227       1,057         911
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         700       1,035         800
    90.00 Outlays...........................       1,227       1,057         911
    ---------------------------------------------------------------------------

        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. The 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 1997, IDA made new commitments of $4.6
    billion, and IDA's gross disbursements were $6.0 billion. Since its
    establishment, IDA has made commitments totalling $101.6 billion (as of
    June 30, 1997).

        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 the 1997-1999 period. The United
    States elected not to participate in 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 1999 request is $800 million for the final United
    States contribution to the eleventh replenishment.

              contribution to the international finance corporation

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0078-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

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

    [[Page 936]]

    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: Uninvested...          90          36           3
    73.10 New obligations...................           7
    73.20 Total outlays (gross).............         -60         -33          -3
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          36           3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority           1
    86.93 Outlays from current balances.....          59          33           3
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          60          33           3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           7
    90.00 Outlays...........................          60          33           3
    ---------------------------------------------------------------------------

        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.
    The IFC provides technical assistance, and mobilizes loans and equity
    investments for promising ventures. 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. The
    U.S. completed its contributions to the IFC in 1997. The IFC is not
    expected to require any additional capital in the foreseeable future.

        During World Bank FY 1997 the Corporation approved 246 new
    investments totalling $6.7 billion, and net investments for the IFC's
    own account were $3.3 billion. IFC's committed loan and equity portfolio
    (for its own account) was $10.5 billion as of June 30, 1997.

            contribution to multilateral investment guarantee agency

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0084-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

        Negotiations are now underway for MIGA's first General Capital
    Increase (GCI), and on related policy measures. The first U.S.
    contribution will not be requested before the year 2000.

        During World Bank FY 1997, the MIGA issued 70 guarantees, with a
    maximum contingent liability of $614 million, to facilitate aggregate
    direct investment of $4.7 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, [$20,835,000] $21,152,000, 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, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0072-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Paid-in capital...................          26          25          26
    00.02 Fund for special operations.......          10          21          21
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              33.0).........................          36          46          47
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......       3,798       3,798       3,798
    22.00 New budget authority (gross)......          36          46          47
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       3,834       3,844       3,845
    23.95 New obligations...................         -36         -46         -47
    24.40 Unobligated balance available, end
            of year: Uninvested.............       3,798       3,798       3,798
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          36          46          47
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...         186         116          89
    73.10 New obligations...................          36          46          47
    73.20 Total outlays (gross).............        -106         -73         -36
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         116          89         100
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority           6           5           6
    86.93 Outlays from current balances.....         100          68          31
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         106          73          36
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          36          46          47
    90.00 Outlays...........................         106          73          36
    ---------------------------------------------------------------------------

        The Inter-American Development Bank (IDB) promotes sustainable
    economic growth and development, poverty reduction, private sector
    development, and good governance in Latin America and the Caribbean
    through loans and technical assistance. Since its inception in 1960, the
    Bank has lent over $90 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 1999 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

    [[Page 937]]

    capital increase; and, (2) budget authority of $21.2 million for the
    final 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), [$150,000,000] $250,000,000, of which [$50,000,000] $150,000,000
    shall be available for contributions previously due, to remain available
    until expended. (Foreign Operations, Export Financing, and Related
    Programs Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0076-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Paid-in capital...................          13          13          13
    00.02 Asian development fund............         100         150         250
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              33.0).........................         113         163         263
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......         748         748         748
    22.00 New budget authority (gross)......         113         163         263
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         861         911       1,011
    23.95 New obligations...................        -113        -163        -263
    24.40 Unobligated balance available, end
            of year: Uninvested.............         748         748         748
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................         113         163         263
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...         741         673         649
    73.10 New obligations...................         113         163         263
    73.20 Total outlays (gross).............        -181        -187        -166
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         673         649         746
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority           4          18          29
    86.93 Outlays from current balances.....         177         169         137
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         181         187         166
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         113         163         263
    90.00 Outlays...........................         181         187         166
    ---------------------------------------------------------------------------

        The Asian Development Bank (ADB) fosters broad-based 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).

        The United States successfully negotiated a 41 percent reduction in
    U.S. contributions to the seventh replenishment of the Asian Fund.

        In 1997, the Bank lent $7.7 billion of its ordinary capital
    resources and extended loans and grants of $1.6 billion from its ADF
    resources for development projects. Since its founding in 1966, the ADB
    has loaned over $46.9 billion, and the ADF has loaned over $19.1
    billion. The Bank has made cumulative equity investments of $428
    million.

        The 1999 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 fourth of six installments on
    the U.S. subscription to the ADB's fourth general capital increase; and,
    (2) $250 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 Development Fund,
    [$45,000,000] $155,000,000, to remain available until expended [and
    which shall be available for contributions previously due] of which
    $88,333,334 shall be for contributions previously due. (Foreign
    Operations, Export Financing, and Related Program Appropriations Act,
    1998).

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0079-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            33.0)...........................                      45         155
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                      45         155
    23.95 New obligations...................                     -45        -155
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................                      45         155
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...         420         335         308
    73.10 New obligations...................                      45         155
    73.20 Total outlays (gross).............         -85         -72         -77
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         335         308         386
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from current balances.....          85          72          77
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                      45         155
    90.00 Outlays...........................          85          72          77
    ---------------------------------------------------------------------------

        The African Development Bank (AFDB) lends at market-based rates for
    economic development in countries on the African continent. The United
    States joined the AFDB in 1983 when membership was open to non-regional
    countries. In 1997, the AFDB financed 21 new projects worth $798
    million. Since its inception in 1963, the AFDB has financed 746 projects
    worth over $20.6 billion.

        The African Development Fund (AFDF), the concessional lending
    affiliate of the African Development Bank, makes loans to the poorest
    African nations. The AFDF-7 replenishment negotiations, which were
    concluded in May 1996, brought about far-reaching and comprehensive
    restructuring and institutional reforms. In 1997, the AFDF loaned $807
    million for 84 projects. By the end of 1997 and since its inception in
    1974, cumulative AFDF lending totaled $11.4 billion for 1,267
    development projects.

        The 1999 request includes $155 million in budget authority: $66.7
    million for the third installment plus $88.3 million in arrears for the
    first two installments on the U.S. share of the seventh replenishment of
    AFDF resources.

    [[Page 938]]

      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, $35,778,717, for the United States
    share of the paid-in portion of the 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 $123,237,803. (Foreign Operations,
    Export Financing, and Related Programs Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0088-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

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

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

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          35          16          19
    73.10 New obligations...................          12          36          36
    73.20 Total outlays (gross).............         -31         -32         -25
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          16          19          30
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority           8          19          19
    86.93 Outlays from current balances.....          23          14           6
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          31          32          25
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          12          36          36
    90.00 Outlays...........................          31          32          25
    ---------------------------------------------------------------------------

        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 three-
    quarters of projects approved in 1996 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.

        In April 1996, shareholders approved a doubling of EBRD's capital
    base from ECU 10 billion to ECU 20 billion (approximately $24 billion).
    The capital increase went into effect in April 1997, with the U.S.
    subscribing to its shares on December 19, 1997. Under the capital
    increase, paid-in contributions constitute 22.5 percent of total
    capital, with the remainder callable. The annual payment for the U.S.'s
    ten percent share dropped from $70 million under the initial
    subscription to $35.8 million under the capital increase. At the end of
    1996, the EBRD had approved over 450 loans and investments totalling
    $12.4 billion.

        The 1999 request consists of $35.8 million in budget authority for
    paid-in capital subscriptions and $123.2 million in program limitations
    for callable capital subscriptions for the second 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, $56,500,000, to remain available until expended of
    which $250,000 shall be available for contributions previously due:
    Provided, That none of the funds appropriated under this heading that
    are 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: Provided further, That of the amount
    appropriated under this heading, not more than $41,250,000 may be
    expended for the purchase of such capital shares in fiscal year 1998.]

                 [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, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1008-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

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

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

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...                                  51
    73.10 New obligations...................          56          57
    73.20 Total outlays (gross).............         -56          -6         -11
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...                      51          40
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          56           6
    86.93 Outlays from current balances.....                                  11
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          56           6          11
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          56          57
    90.00 Outlays...........................          56           6          11
    ---------------------------------------------------------------------------

        The North American Development Bank (NADBank) provides $2-3 billion
    in financing for high priority environmental 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) were contributed equally by the United States and Mexico over a
    four-year period. The final U.S. installment was appropriated in 1998.

        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. The NADBank has begun its environ-

    [[Page 939]]

    mental lending operations and approved financing for four projects in
    1997.

        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. In 1999, the
    Administration proposes that $37 million be appropriated for the
    Community Adjustment and Investment Program (CAIP). This appropriation
    is sought in the Treasury chapter as a domestic assistance program. The
    Secretary of Treasury would have the authority to transfer CAIP funds to
    the NADBank or other Federal agencies to assist in carrying out the
    program. The CAIP offers financing directly and through existing federal
    credit programs, such as those run by the Small Business Administration,
    to both new and existing businesses within communities that suffered job
    losses as a result of changing trade patterns with Canada and Mexico.
    The program launched its lending operations during 1997. 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.

    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, [$30,000,000] $50,000,000 to remain available until
    expended, which shall be available for contributions previously due.
    (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0089-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            33.0)...........................          28          30          50
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          28          30          50
    23.95 New obligations...................         -28         -30         -50
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          28          30          50
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...         240         268         253
    73.10 New obligations...................          28          30          50
    73.20 Total outlays (gross).............                     -45         -55
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         268         253         248
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority                       1           1
    86.93 Outlays from current balances.....                      44          54
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........                      45          55
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          28          30          50
    90.00 Outlays...........................                      45          55
    ---------------------------------------------------------------------------

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

        The 1999 request for the MIF is $50 million for partial payment of
    outstanding U.S. commitments to the U.S. share of MIF resources.

     Department of the Treasury International Affairs Technical Assistance
                                     Program

                  (Legislative proposal, not subject to PAYGO)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1045-2-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Technical assistance..............                                   5
                                               ---------   ---------  ----------
    10.00   Total obligations...............                                   5
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                   5
    23.95 New obligations...................                                  -5
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................                                   5
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    73.10 New obligations...................                                   5
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...                                   5
    ----------------------------------------------------------------------------

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

        This account will provide technical assistance to other countries in
    support of the responsibilities of the U.S. Treasury Department to
    formulate, conduct and coordinate the international financial policies
    of the United States. In addition to overseeing U.S. interests in the
    work of international financial institutions, including the
    International Monetary Fund, the World Bank and the various regional
    development banks, the Treasury Department frequently has the lead
    responsibility for implementing fiscal and financial policy aspects of
    U.S. foreign policy toward individual countries. Technical assistance
    provided through this account will facilitate key short- and medium-term
    reforms in the policy and management areas of budget, tax, government
    debt, financial institutions and financial crimes enforcement.

        Using funding provided under the SEED and Freedom Support Acts, U.S.
    Treasury Department advisors have provided policy and management advice
    in the areas described above to countries in Eastern Europe and the
    former Soviet Union in their transition to market economies and
    democratic fiscal structures. Beginning in 1997, advisors have also
    provided assistance, using funding from USAID Development Assistance and
    the Economic Support Fund, to the governments of South Africa and Haiti.
    The flexibility provided by direct funding will permit the Department to
    be responsive when governments make decisions to implement key fiscal
    and financial reforms, and allow it to act quickly to help these
    governments strengthen governmental fiscal and financial institutions
    during crucial transition periods toward market-oriented economies.

        The proposed $5 million appropriation will fully fund approximately
    10 resident advisors, including selected administrative costs and
    intermittent expert visits in support of the advisors. This
    appropriation will permit the continuation of the program in Haiti,
    expansion of the program in southern Africa, and implementation of
    programs in other emerging market economies. The Treasury Department
    will closely coordinate with international financial institutions and
    with USAID, the Department of State and other relevant U.S.

    [[Page 940]]

    Government agencies when determining where its technical assistance
    program can have the greatest positive impact.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1045-2-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    41.0  Direct obligations: Grants,
            subsidies, and contributions....                                   4
    99.5  Below reporting threshold.........                                   1
                                               ---------   ---------  ----------
    99.9    Total obligations...............                                   5
    ---------------------------------------------------------------------------

                    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, [$192,000,000:
    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
    UNFPA: Provided further, That not more than one-half of this amount may
    be provided to UNFPA before March 1, 1998, and that no later than
    February 15, 1998, 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 1998: Provided further, That any
    amount UNFPA plans to spend in the People's Republic of China in 1998
    shall be deducted from the amount of funds provided to UNFPA after March
    1, 1998, 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): Provided
    further, That not less than $4,000,000 should be made available to the
    World Food Program] $314,000,000. (Foreign Operations, Export Financing,
    and Related Programs Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1005-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    01.01 UNICEF............................         100         100         100
    01.02 UN development program............          76          98         105
    01.03 UN population fund................          43          25          25
    01.08 Various other organizations.......          71          71          84
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              41.0).........................         290         294         314
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          18
    22.00 New budget authority (gross)......         272         294         314
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         290         294         314
    23.95 New obligations...................        -290        -294        -314
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................         170         192         314
    42.00 Transferred from other accounts...         102         102
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........         272         294         314
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         272         294         314
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          57          40          46
    73.10 New obligations...................         290         294         314
    73.20 Total outlays (gross).............        -307        -288        -312
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          40          46          48
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority         250         265         283
    86.93 Outlays from current balances.....          57          23          29
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         307         288         312
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         272         294         314
    90.00 Outlays...........................         307         288         312
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1005-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          34          32          30
    1251  Repayments: Repayments and
            prepayments.....................          -2          -2          -2
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........          32          30          28
    ---------------------------------------------------------------------------

        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 United Nations
    Population Fund 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; of modifying concessional [loans extended to] credit
    agreements with least developed countries, as authorized under section
    411 of the Agricultural Trade Development and Assistance Act of 1954, as
    amended; and of modifying any obligation, or portion of such obligation
    [for Latin American countries] of Honduras to pay for purchases of
    United States agricultural commodities guaranteed by the Commodity
    Credit Corporation under export credit guarantee programs authorized
    pursuant to section 5(f) of the Commodity Credit Corporation Charter Act
    of June 29, 1948, as amended, section 4(b) of the Food for Peace Act of
    1966, as amended (Public Law 89-808), or section 202 of the Agricultural
    Trade Act of 1978, as amended (Public Law 95-501); [$27,000,000]
    $72,000,000, to remain available until expended[: Provided, That not to
    exceed $1,500,000 of such funds may be used for implementation of
    improvements in the foreign credit reporting system of the United States
    Government]. (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1998.)

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0091-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Balance, start of year:
    01.99 Balance, start of year............           6           6           6
    07.99 Total balance, end of year........           6           6           6
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0091-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    01.01 Paris club debt reduction.........                      26          48
    01.02 Jordan debt reduction.............          21
    01.03 Africa concessional debt
            initiative......................                                  18
                                               ---------   ---------  ----------

    [[Page 941]]

    10.00   Total obligations (object class
              41.0).........................          21          26          66
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          25          31          32
    22.00 New budget authority (gross)......          27          27          72
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          52          58         104
    23.95 New obligations...................         -21         -26         -66
    24.40 Unobligated balance available, end
            of year: Uninvested.............          31          32          39
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          27          27          72
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    73.10 New obligations...................          21          26          66
    73.20 Total outlays (gross).............         -21         -26         -66
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          21          15          36
    86.93 Outlays from current balances.....                      11          30
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          21          26          66
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          27          27          72
    90.00 Outlays...........................          21          26          66
    ---------------------------------------------------------------------------

        Paris Club Debt Reduction. For the poorest countries, debt reduction
    provides an incentive to implement macroeconomic and structural reforms
    necessary to improve economic performance and creditworthiness. The
    combination of economic reform and debt reduction contribute to growth
    and sustained development, which can mean greater opportunities for U.S.
    commercial interests in these countries. For the poorest and most
    heavily indebted countries, debt reduction will be undertaken in concert
    with the Paris Club of creditor nations, including extraordinary debt
    reduction under the Heavily-Indebted Poor Countries (HIPC) debt
    initiative. The Administration anticipates that $37 million in
    appropriations will fund debt reduction under Naples and HIPC terms for
    qualifying countries. This request level, combined with funds previously
    appropriated, will allow the U.S. in 1998-99 to provide approximately
    $1.5 billion in face value debt reduction for the poorest countries,
    potentially including Cameroon, Cote d'Ivoire, Mozambique, Tanzania,
    Uganda, Bolivia, and Nicaragua. For agreements implemented in the
    remainder of FY 1998 and subsequently, the Administration intends to
    obligate funds for debt reduction at the date of the signing of a
    bilateral framework agreement, to be concluded at the time of the
    signing of the Paris Club Agreed Minute, rather than 30 days after the
    conclusion of a formal U.S. bilateral debt agreement, as is currently
    the practice. This change of date for budget cost obligations is
    appropriate because the Paris Club Agreed Minute is the date when the
    U.S. Government commits politically to reducing debt for a particular
    country.

        Concessional Debt Reduction for Africa. The President announced the
    ``Partnership for Growth and Opportunity in Africa'' on June 17, 1997.
    The Africa Initiative will target countries undertaking the boldest
    economic reforms to receive the maximum benefits from the program. Such
    reforms will encompass governance issues, macroeconomic policy, trade
    and investment policy, and investment in people. The best way the United
    States can support Africa is by making trade and investment--not just
    aid--the centerpiece of our economic relations. To support African
    economic reform efforts, the Administration, at the discretion of the
    President, will offer to provide 100% debt reduction of concessional
    debt owed to the United States. This 100% debt reduction program will
    complement Administration efforts to maximize debt relief for the most
    heavily indebted poor countries under the HIPC debt initiative. The
    Administration anticipates that $35 million in appropriations will fund
    100% debt reduction for approximately $325 million in the face value of
    concessional debts for qualifying African countries.

        Funds allocated within the debt restructuring account are fungible
    between these two programs to allow sufficient flexibility in effecting
    international commitments. The resulting cash flows from debt reduction
    are recorded in the debt reduction financing and liquidating accounts
    for the Export-Import Bank, foreign military loans, the Department of
    Agriculture's G.S.M. (Honduras only) and P.L. 480 programs, and the
    Agency for International Development.

        Debt Buyback/Swap Program. For Latin America and the Caribbean, the
    Administration proposes that debt reduction be effected at zero cost
    through buybacks and swaps of eligible concessional 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 concessional debt and the
    approval of the Appropriations Committee for this program.

                      AGENCY FOR INTERNATIONAL DEVELOPMENT

                                  Federal Funds

    General and special funds:

                       Sustainable 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, $1,210,000,000] $1,265,798,000, to
    remain available until [September 30, 1999] expended: Provided, That [of
    the amount appropriated under this heading, up to $22,000,000 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 $14,000,000 may be made
    available for the African Development Foundation and shall be
    apportioned directly to that agency: 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 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, not to exceed $2,500,000 [shall] 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 Commit-

    [[Page 942]]

    tees 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 none of the funds made available under this heading may be
    used for any activity which is in contravention to the Convention on
    International Trade in Endangered Species of Flora and Fauna (CITES).

                                    [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 under the headings ``Development
    Assistance'' and ``Economic Support Fund'', not less than $5,000,000
    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: Provided, That funds made available
    for Burma related activities 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.]

                                   [cambodia]

        [None of the funds appropriated in this Act may be made available
    for the Government of Cambodia: Provided, That the restrictions under
    this heading shall not apply to humanitarian, demining or election-
    related programs or activities: Provided further, That such funds shall
    be subject to the regular notification procedures of the Committees on
    Appropriations: Provided further, That 30 days after enactment of this
    Act, the President shall report to the Committees on Appropriations on
    the results of the FBI investigation into the bombing attack in Phnom
    Penh on March 30, 1997.]

                      [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 percent 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 at least 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, 1998.)

                        [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, 1999]. (Foreign Operations, Export
    Financing, and Related Programs Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1021-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Functional development assistance.       1,277       1,440       1,255
    09.01 Reimbursable program..............           3
                                               ---------   ---------  ----------
    10.00   Total obligations...............       1,280       1,440       1,255
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......         404         271
    22.00 New budget authority (gross)......       1,133       1,168       1,255
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          15           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,552       1,440       1,255
    23.95 New obligations...................      -1,280      -1,440      -1,255
    24.40 Unobligated balance available, end
            of year: Uninvested.............         271
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.00   Appropriation...................       1,182       1,210       1,265
    41.00   Transferred to other accounts...         -52         -42         -10
                                               ---------   ---------  ----------
    43.00     Appropriation (total).........       1,130       1,168       1,255
          Permanent:

    68.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           3
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       1,133       1,168       1,255
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...       1,506       1,610       1,900
    73.10 New obligations...................       1,280       1,440       1,255
    73.20 Total outlays (gross).............      -1,165      -1,149      -1,041
    73.40 Adjustments in expired accounts...           2
    73.45 Adjustments in unexpired accounts.         -15          -1
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...       1,610       1,900       2,114
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          25          83          89
    86.93 Outlays from current balances.....       1,140       1,066         952
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       1,165       1,149       1,041
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.45   Offsetting collections (cash)
              from: Offsetting governmental
              collections...................          -3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       1,130       1,168       1,255
    90.00 Outlays...........................       1,162       1,149       1,041
    ---------------------------------------------------------------------------

        Sustainable Development Assistance Program.--The Sustainable
    Development Assistance account funds sustainable development assistance
    activities that are not related to child survival, disease prevention
    and basic education. While these latter activities are funded in the
    Child Survival and Disease Programs account, the Sustainable Development
    Assistance account funds programs in the areas of economic growth,
    democracy, family planning and global environment.

        However, activities funded through both accounts are key components
    of AID's principle mission of supporting the people of developing and
    transitional countries in their efforts to achieve sustainable economic
    and social progress. These activities support five key USAID strategic
    goals:

        (1) Encouraging broad-based economic growth and agricultural
    development, with the objectives of expanding and strengthening critical
    private markets, achieving enhanced

    [[Page 943]]

    agricultural development and food security, and, expanding access to
    economic opportunity for the rural and urban poor.

        (2) Strengthening democracy and good governance, with the objectives
    of strengthening the rule of law and respect for human rights of both
    men and women, encouraging credible and competitive political processes,
    promoting the development of a politically active civil society, and
    encouraging more transparent and accountable government institutions.

        (3) Building human capacity through education and training, with the
    objectives of expanding access to quality basic education, especially
    for girls and women, and, increasing the contributions of institutions
    of higher education to sustainable development.

        (4) Stabilizing the world population and protecting human health,
    with the objectives of reducing unintended pregnancies, improving infant
    and child health and nutrition and reducing infant and child mortality,
    reducing deaths, nutrition insecurity and adverse health outcomes to
    women as a result of pregnancy and child birth, reducing HIV
    transmission and the impact of the HIV/AIDS pandemic in developing
    countries, and, reducing the threat of infectious diseases of major
    public health importance.

        (5) Protecting the world's environment, with the objectives of
    preparing national environmental management strategies, improving
    conservation of biologically significant habitats, reducing the rate of
    growth of net emissions of greenhouse gases, increasing the access of
    urban populations to adequate environmental services, conserving energy
    through increased efficiency and reliance on renewable sources, and
    reducing the loss of forest area.

        The 1999 Request for Sustainable Development Assistance includes
    funding for two Presidential Initiatives:

        (1) African Trade and Investment which includes a $30 million
    request for USAID to provide assistance to countries that are attempting
    to implement critical economic policy reforms. The purpose of this
    assistance is to expand the number of African countries that can attract
    U.S. and other foreign trade and investment. By doing so, these
    countries should be able to increase economic growth and employment and
    reduce poverty. The initiative will provide a combination of program and
    technical assistance to African nations that have demonstrated a clear
    commitment to economic reform to help them design and implement trade
    and investment-related legal and institutional reforms. By increasing
    the access of these countries to trade and investment, this initiative
    will support the broader Africa initiative that was proposed by the
    President and has been supported by the Congress.

        (2) Summit of the Americas which includes a $20 million request for
    USAID to provide assistance in support of the key summit goals of
    increased access to basic education, reduced levels of poverty and
    achievement of hemispheric free trade. Specific AID activities to be
    funded will include expansion of basic education in remote areas,
    support for increased access to micro-finance, and technical assistance
    to improve legal and institutional reforms necessary to reduce barriers
    to trade and investment.

        While exact allocations of Child Survival and Sustainable
    Development Assistance funds will not be determined until funds are
    actually appropriated, notional allocations by region and by strategic
    goal are shown below (amounts are in millions of dollars):

    Regional Allocations:
     Africa...........................................                $730
     Asia/Near East...................................                 298
     Latin America/Caribbean..........................                 297
     Global...........................................                 363
     Other............................................                  81
                                                      --------------------

       Total..........................................               1,769

    Strategic Goal Allocations:
     Economic Growth..................................                 464
     Human Capacity Development.......................                  98
     Population, Health, & Nutrition..................                 780
     Environment......................................                 290
     Democracy........................................                 137
                                                      --------------------

       Total..........................................               1,769

        The above figures include the amounts for which permissive transfers
    for the Development Credit Authority and the International Fund for
    Agricultural Development were requested.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1021-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    22.0    Transportation of things........           4           2           2
    23.2    Rental payments to others.......                       5           5
    25.1    Advisory and assistance services          16          15          15
    25.2    Other services..................          50          54          50
    26.0    Supplies and materials..........           9
    41.0    Grants, subsidies, and
              contributions.................       1,198       1,364       1,183
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..       1,277       1,440       1,255
    99.0  Reimbursable obligations..........           3
                                               ---------   ---------  ----------
    99.9    Total obligations...............       1,280       1,440       1,255
    ---------------------------------------------------------------------------

                    Child Survival and Disease Programs Fund

        For necessary expenses to carry out the provisions of chapters 1 and
    10 of part I 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, [$650,000,000] $502,836,000, 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; and (7) [up
    to $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].
    (Foreign Operations, Export Financing, and Related Programs
    Appropriations Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1095-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................         463         587         504
                                               ---------   ---------  ----------
    10.00   Total obligations...............         463         587         504
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......                      37
    22.00 New budget authority (gross)......         500         550         504
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         500         587         504
    23.95 New obligations...................        -463        -587        -504
    24.40 Unobligated balance available, end
            of year: Uninvested.............          37
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................         600         650         504
    41.00 Transferred to other accounts.....        -100        -100
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........         500         550         504
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         500         550         504
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...                     458         831
    73.10 New obligations...................         463         587         504
    73.20 Total outlays (gross).............          -5        -214        -469
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         458         831         866
    ----------------------------------------------------------------------------

    [[Page 944]]

        Outlays (gross), detail:
    86.90 Outlays from new current authority           5          39          36
    86.93 Outlays from current balances.....                     175         433
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           5         214         469
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         500         550         504
    90.00 Outlays...........................           5         214         469
    ---------------------------------------------------------------------------

        This program provides economic resources to developing countries to
    support programs to: (1) improve infant and child health nutrition with
    the aim of reducing infant and child mortality rates; (2) reduce HIV
    transmission and the impact of the HIV/AIDS pandemic in developing
    countries; (3) reduce the threat of infectious diseases of major public
    health importance such as polio and malaria; and (4), expand access to
    quality basic education, especially for girls and women.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1095-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    21.0  Travel and transportation of
            persons.........................           4
    25.2  Other services....................          25
    41.0  Grants, subsidies, and
            contributions...................         434         587         504
                                               ---------   ---------  ----------
    99.9    Total obligations...............         463         587         504
    ---------------------------------------------------------------------------

               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, [$485,000,000] $464,500,000, to remain
    available until September 30, [1999] 2000, 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 532 of this Act shall apply.]
        [(f) The President is authorized to withhold funds appropriated
    under this heading made available for economic revitalization programs
    in Bosnia and Herzegovina, if he determines and certifies to the
    Committees on Appropriations that the Federation of Bosnia and
    Herzegovina has not 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 not been terminated.]
        [(g) Not to exceed $200,000,000 of the funds appropriated under this
    heading may be made available for Bosnia and Herzegovina exclusive of
    assistance for police training.]
        [(h) Not to exceed $7,000,000 of the funds made available for Bosnia
    and Herzegovina may be made available for the cost, as defined in
    section 502 of the Congressional Budget Act of 1974, of modifying direct
    loans and loan guarantees for said country.] (Foreign Operations, Export
    Financing, and Related Programs Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1010-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations.................         367         652         463
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......         119         169
    22.00 New budget authority (gross)......         406         483         463
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          12
    22.21 Unobligated balance transferred to
            other accounts..................          -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         536         652         463
    23.95 New obligations...................        -367        -652        -463
    24.40 Unobligated balance available, end
            of year: Uninvested.............         169
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................         475         485         465
    41.00 Transferred to other accounts.....         -69          -2          -2
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........         406         483         463
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         406         483         463
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...         839         655         830
    73.10 New obligations...................         367         652         463
    73.20 Total outlays (gross).............        -539        -479        -304
    73.45 Adjustments in unexpired accounts.         -12
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         655         830         991
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority         101          24          23
    86.93 Outlays from current balances.....         438         455         280
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         539         479         304
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         406         483         463
    90.00 Outlays...........................         539         479         304
    ---------------------------------------------------------------------------

        This account provides funds to promote country-specific strategies
    that build on common, region-wide strategic goals, including economic
    restructuring, democratic transition, and social stabilization.
    Authorized Support for Eastern European Democracy (SEED) programs
    concentrate on: (a) the development of market economies and a strong
    private sector; (b) the development and strengthening of institutions
    necessary for sustainable democracy; and, (c) the improvement of the
    basic quality of life in selected areas. This interagency program is
    coordinated out of the State Department's Bureau of European and
    Canadian Affairs.

        The single largest SEED program funded in this account is Bosnia,
    which remains a major Administration priority. Reconstruction needs and
    support for local police continue to be significant in this country as
    it moves towards stability

    [[Page 945]]

    and normalcy. The request for 1999 also includes $12.5 million for the
    first of four tranches to capitalize a $100 million trust fund, on a 50-
    50 basis, in a public-private partnership with a number of U.S.
    foundations. This trust is designed to help sustain support for
    democracy and economic reform through support for non-governmental
    organizations in countries where U.S. direct assistance has been phased
    out.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1010-0-1-151      1997 actual   1998 est.   1999 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          15          36          36
    25.2    Other services..................          55         107          52
    41.0    Grants, subsidies, and
              contributions.................         291         505         371
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..         364         652         463
    41.0  Allocation Account: Grants,
            subsidies, and contributions....           3
                                               ---------   ---------  ----------
    99.9    Total obligations...............         367         652         463
    ---------------------------------------------------------------------------

      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, [$770,000,000] $925,000,000, to remain
    available until September 30, [1999] 2000: Provided, That the provisions
    of such chapter shall apply to funds appropriated by this paragraph.
        [(b) None of the funds appropriated under this heading shall be made
    available 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;
            (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; and
            (3) funds may be furnished without regard to this subsection if
        the President determines that to do so is in the national interest.]
        [(c) 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 and refugee relief.]
        [(d) 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, demining, or
    nonproliferation programs.]
        [(e) Funds appropriated under this heading shall be subject to the
    regular notification procedures of the Committees on Appropriations.]
        [(f) 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.]
        [(g)] (b) Funds appropriated under title II of this Act, including
    funds appropriated under this heading, may be made available for
    assistance for Mongolia: Provided, That 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.
        [(h) 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.]
        [(i)] (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.
        [(j)(1) Of the funds appropriated under this heading that are
    allocated for assistance for the Government of Russia, 50 percent shall
    be withheld from obligation until 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, related nuclear research facilities or
    programs, or ballistic missile capability.
        (2) Notwithstanding paragraph (1) assistance may be provided for the
    Government of Russia if the President determines and certifies to the
    Committees on Appropriations that making such funds available: (A) is
    vital to the national security interest of the United States; and (B)
    that the Government of Russia is taking meaningful steps to limit major
    supply contracts and to curtail the transfer of technology and
    technological expertise related to activities referred to in paragraph
    (1).]
        [(k) Of the funds appropriated under this heading, not less than
    $225,000,000 shall be made available for Ukraine, which sum shall be
    provided with the understanding that Ukraine will undertake significant
    economic reforms which are additional to those which were undertaken in
    the previous fiscal year: Provided, That 50 percent of the amount made
    available in this subsection, exclusive of funds made available for
    election related initiatives and nuclear reactor safety activities,
    shall be withheld from obligation and expenditure until the Secretary of
    State determines and certifies no later than April 30, 1998, that the
    Government of Ukraine has made significant progress toward resolving
    complaints made by United States investors to the United States embassy
    prior to April 30, 1997: Provided further, That funds made available
    under this subsection, and funds appropriated for Ukraine in the Foreign
    Operations, Export Financing, and Related Programs Appropriations Act,
    1997 as contained in Public Law 104-208 shall be made available to
    complete the preparation of safety analysis reports at each nuclear
    reactor in Ukraine over the next three years.]
        [(l) Of the funds appropriated under this heading, not less than
    $250,000,000 shall be made available for assistance for the Southern
    Caucasus region: Provided, That of the funds provided under this
    subsection 37 percent shall be made available for Georgia and 35 percent
    shall be made available for Armenia: Provided further, That of the funds
    made available for the Southern Caucasus region, 28 percent should be
    used for reconstruction and remedial activities relating to the
    consequences of conflicts within the region, especially those in the
    vicinity of Abkhazia and Nagorno-Karabakh: Provided further, That if the
    Secretary of State after May 30, 1998, determines and reports to the
    relevant committees of Congress that the full amount of reconstruction
    and remedial funds that may be made available under the previous proviso
    cannot be effectively utilized, up to 62.5 percent of the amount
    provided under the previous proviso for reconstruction and remediation
    may be used for other purposes under this heading.]
        [(m)] (d) Funds provided under [the previous subsection] this
    heading [shall] may be made available for humanitarian assistance for
    refugees, displaced persons, and needy civilians affected by the
    conflicts in the Southern Caucasus region, including those in the
    vicinity of Abkhazia and Nagorno-Karabakh, notwithstanding any other
    provision of this or any other Act.
        [(n)] (e) Funds made available under this Act or any other Act may
    not be provided for assistance to the Government of Azerbaijan

    [[Page 946]]

    until the President determines, and so reports to the Congress, that the
    Government of Azerbaijan is taking demonstrable steps to cease all
    blockades against Armenia and Nagorno-Karabakh: Provided, That the
    restriction of this subsection and section 907 of the FREEDOM Support
    Act shall not apply to--
            (1) activities to support democracy or assistance under title V
        of the FREEDOM Support Act and section 1424 of Public Law 104-201;
            (2) any assistance provided by the Trade and Development Agency
        under section 661 of the Foreign Assistance Act of 1961 (22 U.S.C.
        2421); and
            (3) any activity carried out by a member of the United States
        and Foreign Commercial Service while acting within his or her
        official capacity.
        [(o) None of the funds appropriated under this heading or in prior
    appropriations legislation may be made available to establish a joint
    public-private entity or organization engaged in the management of
    activities or projects supported by the Defense Enterprise Fund.]
    (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1093-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations.................         518         990         922
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......         262         223           3
    22.00 New budget authority (gross)......         470         769         922
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           4
    22.21 Unobligated balance transferred to
            other accounts..................          -8
    22.22 Unobligated balance transferred
            from other accounts.............          14           1
    22.30 Unobligated balance expiring......          -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         741         993         925
    23.95 New obligations...................        -518        -990        -922
    24.40 Unobligated balance available, end
            of year: Uninvested.............         223           3           3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................         625         770         925
    41.00 Transferred to other accounts.....        -155          -2          -3
    42.00 Transferred from other accounts...                       1
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........         470         769         922
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         470         769         922
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...       1,097         906       1,178
    73.10 New obligations...................         518         990         922
    73.20 Total outlays (gross).............        -705        -718        -514
    73.45 Adjustments in unexpired accounts.          -4
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         906       1,178       1,586
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          34          59          61
    86.93 Outlays from current balances.....         671         658         453
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         705         718         514
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         470         769         922
    90.00 Outlays...........................         705         718         514
    ---------------------------------------------------------------------------

        This account provides funds for a program of assistance to the
    independent states that emerged from the former Soviet Union. These
    programs for the New Independent States (NIS) have been envisioned since
    the outset as short-term in nature. They are designed to jump-start the
    process of political and economic transition to market democracies, and
    to help address major socioeconomic dislocations where they occur during
    these transitions. Funds will support economic restructuring through
    helping to create conditions that encourage: trade and investment and
    private sector growth; improved government fiscal policy, revenue
    collection, and financial management; a market-oriented financial
    sector; and a more efficient energy sector and a cleaner environment.
    Funds will support democratic transitions through promoting citizen
    participation, establishing the rule of law, and strengthening local
    governments.

        Program resources requested in 1999 will be increasingly focused on
    the Partnership for Freedom (PFF) approach begun in 1998. This approach
    is designed to achieve the mutual economic and political goals of the
    United States and countries in the region. Building on traditional
    government-to-government technical assistance and tailoring the overall
    U.S. assistance program to unique NIS circumstances, the PFF supports
    broader economic and social ties between the United States and the NIS.
    It includes the development and expansion of sustainable partnerships,
    professional linkages, and citizen exchanges. Programs will be
    increasingly aimed at enhancing local public and private institutional
    capacity as part of the comprehensive strategy to expand trade and
    investment, develop and strengthen small and medium enterprises,
    mobilize capital, reduce crime and corruption, and build viable civil
    societies.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1093-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    11.8    Personnel compensation: Special
              personal services payments....           2           5           5
    21.0    Travel and transportation of
              persons.......................           1           5           5
    25.1    Advisory and assistance services          15          35          35
    25.2    Other services..................          60         110         110
    26.0    Supplies and materials..........          33          30          30
    41.0    Grants, subsidies, and
              contributions.................         381         805         737
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..         492         990         922
    41.0  Allocation Account: Grants,
            subsidies, and contributions....          26
                                               ---------   ---------  ----------
    99.9    Total obligations...............         518         990         922
    ---------------------------------------------------------------------------

                           Development Fund for Africa

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1014-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................          53          51
                                               ---------   ---------  ----------
    10.00   Total obligations...............          53          51
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          70          51
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          34
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         104          51
    23.95 New obligations...................         -53         -51
    24.40 Unobligated balance available, end
            of year: Uninvested.............          51
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    42.00 Transferred from other accounts...                       1
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...       1,316         770         534
    73.10 New obligations...................          53          51
    73.20 Total outlays (gross).............        -565        -287        -196
    73.45 Adjustments in unexpired accounts.         -34

    [[Page 947]]

    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         770         534         338
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from current balances.....         565         287         196
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         565         287         196
    ---------------------------------------------------------------------------

        The Development Fund for Africa account provided development
    assistance to sub-Saharan African countries. The account was designed to
    enhance the U.S. Agency for International Development's (USAID's)
    effectiveness in meeting Africa's development requirements. Beginning in
    1996, development assistance for Africa has been appropriated under the
    Sustainable Development Assistance and Child Survival and Disease
    Programs accounts.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1014-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    25.2    Other services..................           3           3
    41.0    Grants, subsidies, and
              contributions.................          49          48
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..          52          51
    41.0  Allocation Account: Grants,
            subsidies, and contributions....           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          53          51
    ---------------------------------------------------------------------------

                            Sahel Development Program

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1012-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

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

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

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

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

        The goal of the Sahel Regional Program was to increase food security
    and ecological balance in Sahel, West Africa. Within that goal, the
    program promoted trade and investment in the West Africa Region,
    encouraged regional dialogue, and provided decision-makers with ready
    access to relevant information on development issues.

        Since 1988 these activities have been funded from the Development
    Fund for Africa and Development Assistance accounts.

                      American Schools and Hospitals Abroad

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1013-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          13           6           3
    73.20 Total outlays (gross).............          -7          -3          -3
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...           6           3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from current balances.....           7           3           3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................           7           3           3
    ---------------------------------------------------------------------------

        Separate funding for American Schools and Hospitals Abroad ceased in
    1994. This account contains remaining balances from prior activity.
    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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           2           3           3
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           3           3           3
    24.40 Unobligated balance available, end
            of year: Uninvested.............           3           3           3
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...           8           6           4
    73.20 Total outlays (gross).............          -1          -2          -2
    73.45 Adjustments in unexpired accounts.          -1
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...           6           4           2
    ----------------------------------------------------------------------------

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

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................           1           2           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]
    $205,000,000, to remain available until expended. (Foreign Operations,
    Export Financing, and Related Programs Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1035-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations.................         203         227         205
    ----------------------------------------------------------------------------

    [[Page 948]]

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          45          37
    22.00 New budget authority (gross)......         190         190         205
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           5
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         240         227         205
    23.95 New obligations...................        -203        -227        -205
    24.40 Unobligated balance available, end
            of year: Uninvested.............          37
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................         190         190         205
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...         226         254         303
    73.10 New obligations...................         203         227         205
    73.20 Total outlays (gross).............        -170        -178        -172
    73.45 Adjustments in unexpired accounts.          -5
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         254         303         336
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          34          48          51
    86.93 Outlays from current balances.....         136         130         121
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         170         178         172
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         190         190         205
    90.00 Outlays...........................         170         178         172
    ---------------------------------------------------------------------------

        The International Disaster Assistance (IDA) account provides funds
    for two separate Offices. The Office of U.S. Foreign Disaster Assistance
    (OFDA) manages relief, rehabilitation, and reconstruction assistance to
    foreign countries struck by natural and man-made disasters and supports
    disaster prevention, mitigation and preparedness. OFDA's program has
    been placing increasing emphasis on complex emergencies; a product of
    ethnic and national tensions leading to civil strife and the
    displacement of large numbers of people. The $160 million request for
    OFDA for 1999 will be used to provide temporary shelter, blankets,
    supplementary food, potable water, medical supplies and agricultural
    rehabilitation aid, including seeds and hand tools.

        The Office of Transition Initiatives (OTI) promotes the successful
    transition of countries from the initial crisis stage of a complex
    emergency (frequently addressed by OFDA) to the path of sustainable
    development. OTI seeks to promote peace and stability which can include:
    support for demobilization and re-integration of ex-combatants into
    civil society; landmine awareness; community self-help projects that
    reduce tension and promote democratic processes; and conflict
    resolution. The 1999 request for OTI includes an increase of $15 million
    to $45 million. Since its inception in 1994, OTI has established a
    successful track record and requires additional funding to respond to
    the significant number of opportunities for peaceful transitions from
    complex emergencies.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1035-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    11.8    Personnel compensation: Special
              personal services payments....           4           5           5
    21.0    Travel and transportation of
              persons.......................           2           1           1
    25.2    Other services..................          20          18          17
    26.0    Supplies and materials..........           6           6           6
    41.0    Grants, subsidies, and
              contributions.................         170         197         176
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..         202         227         205
    41.0  Allocation Account: Grants,
            subsidies, and contributions....           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............         203         227         205
    ---------------------------------------------------------------------------

         Operating Expenses of the Agency for International Development

        For necessary expenses to carry out the provisions of section 667,
    [$473,000,000: 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] $483,858,000, to remain available until
    September 30, 2000. (Foreign Operations, Export Financing, and Related
    Programs Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1000-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
          Direct program:

    00.01   Direct program..................         505         504         497
    00.02   Foreign national separation fund           2           2           2
    09.00 Reimbursable program..............           6           5           5
                                               ---------   ---------  ----------
    10.00   Total obligations...............         513         511         504
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          40          32          16
    22.00 New budget authority (gross)......         494         484         489
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          12          10          10
    22.30 Unobligated balance expiring......          -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         545         526         515
    23.95 New obligations...................        -513        -511        -504
    24.40 Unobligated balance available, end
            of year: Uninvested.............          32          16          11
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.00   Appropriation...................         471         473         484
    42.00   Transferred from other accounts.          17           6
                                               ---------   ---------  ----------
    43.00     Appropriation (total).........         488         479         484
          Permanent:

    68.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           6           5           5
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         494         484         489
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...         168         209         226
    73.10 New obligations...................         513         511         504
    73.20 Total outlays (gross).............        -460        -484        -479
    73.45 Adjustments in unexpired accounts.         -12         -10         -10
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         209         226         241
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority         361         354         358
    86.93 Outlays from current balances.....          93         125         116
    86.97 Outlays from new permanent
            authority.......................           6           5           5
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         460         484         479
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -6          -5          -5
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         488         479         484
    90.00 Outlays...........................         455         479         474
    ---------------------------------------------------------------------------

        These funds cover the appropriated dollar costs of managing U.S.
    Agency for International Development (USAID) pro-

    [[Page 949]]

    grams, including salaries and other expenses of direct hire personnel.
    USAID currently maintains resident staff in more than 70 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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........         162         163         167
    11.3      Other than full-time permanent           4           4           4
    11.5      Other personnel compensation..          10           9          10
    11.8      Special personal services
                payments....................          41          37          38
                                               ---------   ---------  ----------
    11.9        Total personnel compensation         217         213         219
    12.1    Civilian personnel benefits.....          48          54          55
    13.0    Benefits for former personnel...           3           1           1
    21.0    Travel and transportation of
              persons.......................          21          25          24
    22.0    Transportation of things........           9           8           8
    23.1    Rental payments to GSA..........          11          25          26
    23.2    Rental payments to others.......          35          24          24
    23.3    Communications, utilities, and
              miscellaneous charges.........          12          12          13
    24.0    Printing and reproduction.......           1           1           1
    25.1    Advisory and assistance services           5           2           3
    25.2    Other services..................          47          62          53
    25.3    Purchases of goods and services
              from Government accounts......          37          31          31
    25.4    Operation and maintenance of
              facilities....................           3           5           5
    25.7    Operation and maintenance of
              equipment.....................          12          15          15
    25.8    Subsistence and support of
              persons.......................                                   1
    26.0    Supplies and materials..........           7           6           6
    31.0    Equipment.......................          32          16          13
    32.0    Land and structures.............           3           5
    41.0    Grants, subsidies, and
              contributions.................           2
    42.0    Insurance claims and indemnities           1           1           1
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..         506         506         499
    99.0  Reimbursable obligations..........           6           5           5
    99.5  Below reporting threshold.........           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............         513         511         504
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 72-1000-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Direct:
          Total compensable workyears:

    1001    Full-time equivalent employment.       2,608       2,588       2,573
    1011    Exempt Full-time equivalent
              employment....................          13          10          10
        Reimbursable:
    2001  Total compensable workyears: Full-
            time equivalent employment......           5           5           5
    ---------------------------------------------------------------------------

          Payment to the Foreign Service Retirement and Disability Fund

        For payment to the ``Foreign Service Retirement and Disability
    Fund'', as authorized by the Foreign Service Act of 1980, [$44,208,000]
    $44,552,000. (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1036-0-1-153      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            13.0)...........................          44          44          45
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          44          44          45
    23.95 New obligations...................         -44         -44         -45
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          44          44          45
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    73.10 New obligations...................          44          44          45
    73.20 Total outlays (gross).............         -44         -44         -45
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          44          44          45
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          44          44          45
    90.00 Outlays...........................          44          44          45
    ---------------------------------------------------------------------------

        The 1999 request will finance the 1999 installment of the unfunded
    liability created by the addition of the U.S. 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,
    [$29,047,000] $33,000,000, to remain available until September 30,
    [1999] 2000, 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 Appropriations Act,
    1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1007-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................          30          35          36
                                               ---------   ---------  ----------
    10.00   Total obligations...............          30          35          36
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           9          10           4
    22.00 New budget authority (gross)......          30          29          33
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          39          39          37
    23.95 New obligations...................         -30         -35         -36
    24.40 Unobligated balance available, end
            of year: Uninvested.............          10           4           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          30          29          33
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...           7          12          19
    73.10 New obligations...................          30          35          36
    73.20 Total outlays (gross).............         -25         -28         -32
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          12          19          23
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          23          20          23
    86.93 Outlays from current balances.....           2           8           9
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          25          28          32
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          30          29          33
    90.00 Outlays...........................          25          28          32
    ---------------------------------------------------------------------------

        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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

          Personnel compensation:

    11.1    Full-time permanent.............          13          14          14
    11.5    Other personnel compensation....           1                       1
    11.8    Special personal services
              payments......................           1           1           1
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..          15          15          16

    [[Page 950]]

    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           2           2
    23.2  Rental payments to others.........           1           1           1
    25.2  Other services....................           1           4           4
    25.3  Purchases of goods and services
            from Government accounts........           2           2           3
    31.0  Equipment.........................           1           1           1
    32.0  Land and structures...............           1           1           2
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..          29          33          35
    99.5  Below reporting threshold.........           1           2           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          30          35          36
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 72-1007-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......         197         229         229
    ---------------------------------------------------------------------------

    Public enterprise funds:

                            Property Management Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4175-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            32.0)...........................                       3           3
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           3           5           3
    22.00 New budget authority (gross)......           2           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           5           6           3
    23.95 New obligations...................                      -3          -3
    24.40 Unobligated balance available, end
            of year: Uninvested.............           5           3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    68.00 Spending authority from offsetting
            collections (gross): Offsetting
            collections (cash)..............           2           1
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...                                   3
    73.10 New obligations...................                       3           3
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...                       3           6
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....          -2          -1
    ----------------------------------------------------------------------------

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

        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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

        This revolving fund finances the acquisition and rehabilitation of
    U.S. Government-owned excess property, at minimal cost, 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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................           2              1             1              1
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................           2              1             1              1
        NET POSITION:
    3300  Cumulative results of operations..           2              1             1              1
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............           2              1             1              1
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position           2              1             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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.02 Guaranteed loan subsidy...........           8
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              41.0).........................           8
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          13           1
    22.21 Unobligated balance transferred to
            other accounts..................          -4          -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           9
    23.95 New obligations...................          -8
    24.40 Unobligated balance available, end
            of year: Uninvested.............           1
    ----------------------------------------------------------------------------

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

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

    [[Page 951]]

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

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

    ----------------------------------------------------------------------------
    Identification code 72-0402-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Guaranteed loan levels supportable by subsidy
                    budget authority:
    2150  Loan guarantee levels.............          32
                                               ---------   ---------  ----------
    2159    Total loan guarantee levels.....          32
        Guaranteed loan subsidy (in percent):
    2320  Subsidy rate......................       13.20
                                               ---------   ---------  ----------
    2329    Weighted average subsidy rate...       13.20
        Guaranteed loan subsidy budget authority:
    2330  Subsidy budget authority..........
                                               ---------   ---------  ----------
    2339    Total subsidy budget authority..
        Guaranteed loan subsidy outlays:
    2340  Subsidy outlays...................          19
                                               ---------   ---------  ----------
    2349    Total subsidy outlays...........          19
    ---------------------------------------------------------------------------

        As required by the Federal Credit Reform Act of 1990, this account
    records, for this program, 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 for the
    administrative expenses of this program. The subsidy amounts are
    estimated on a net present value basis. The administrative expenses are
    eliminated on a cash basis.

        The Ukraine Export Credit Guarantee Program, which terminated in
    1997, insured U.S. exporters against the risk of non-payment for their
    goods on the part of Ukrainian entities. The program had multiple
    objectives, including: (a) helping to feed the needy by pump-priming the
    Ukrainian agricultural sector; (b) paving the way for the resumption of
    U.S. Eximbank activity within the country; and, (c) encouraging the
    requisite shift in orientation of the Ukrainian economy from statist to
    private-sector led.

     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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           1          26          27
    22.00 New financing authority (gross)...          25           1           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          26          27          28
    24.40 Unobligated balance available, end
            of year: Uninvested.............          26          27          28
    ----------------------------------------------------------------------------

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

        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          -1
    88.40     Non-Federal sources...........          -5
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -25          -1          -1
    ----------------------------------------------------------------------------

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

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4345-0-3-151      1997 actual   1998 est.   1999 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.................
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................
    2199  Guaranteed amount of guaranteed
            loan commitments................
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........          81         142          61
    2231  Disbursements of new guaranteed
            loans...........................          61
    2251  Repayments and prepayments........                     -81         -61
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........         142          61
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..         142          61
    ----------------------------------------------------------------------------

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

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

        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   72-4345-0-3-151    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................           1             26            27             28
          Net value of assets related to
              post-1991 acquired defaulted
              guaranteed loans receivable:

    1501    Defaulted guaranteed loans
              receivable, gross.............
    1505    Allowance for subsidy cost (-)..
                                            ------------ --------------  ------------  -------------
    1599      Net present value of assets
                related to defaulted
                guaranteed loans............
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................           1             26            27             28
        LIABILITIES:
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.           1             26            27             28
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............           1             26            27             28
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position           1             26            27             28
    -----------------------------------------------------------------------------------------------

                        Debt Reduction, Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4137-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Payment to liquidating accounts...                      27          14
    00.02 Interest on Treasury borrowing
            (Paris club debt reduction).....                       1           2
    00.03 Interest on Treasury borrowing-EAI
            debt............................          15          16           9
                                               ---------   ---------  ----------

    [[Page 952]]

    10.00   Total obligations...............          15          44          25
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           1          49
    22.00 New financing authority (gross)...          63          44          25
    22.60 Redemption of debt................                     -49
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          64          44          25
    23.95 New obligations...................         -15         -44         -25
    24.40 Unobligated balance available, end
            of year: Uninvested.............          49
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    67.15 Authority to borrow (indefinite)..           6          20           8
          Spending authority from offsetting
              collections:

    68.00   Offsetting collections (cash)...          57          69          67
    68.47   Portion applied to debt
              reduction.....................                     -45         -50
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total).....................          57          24          17
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................          63          44          25
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    73.10 New obligations...................          15          44          25
    73.20 Total financing disbursements
            (gross).........................         -15         -44         -25
    87.00 Total financing disbursements
            (gross).........................          15          44          25
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
              Federal sources:
    88.00       Federal Sources-EAI
                  reestimate................
    88.00       Federal sources--Paris club
                  debt reduction............                      -8          -8
    88.25     Interest on uninvested funds..                      -4          -2
    88.40     Repayment of principal--EAI
                debt........................         -57         -57         -57
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -57         -69         -67
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............           6         -25         -42
    90.00 Financing disbursements...........         -42         -25         -42
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4137-0-3-151      1997 actual   1998 est.   1999 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........         396         339         351
    1233  Disbursements: Purchase of loans
            assets from a liquidating
            account.........................                      69          89
    1251  Repayments: Repayments and
            prepayments.....................         -57         -57         -57
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........         339         351         383
    ---------------------------------------------------------------------------

        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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....           1             49
            Investments in US securities:
    1106      Receivables, net..............
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..         396            339           351            383
    1405    Allowance for subsidy cost (-)..        -169           -154          -192           -217
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....         227            185           159            166
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................         228            234           159            166
        LIABILITIES:
          Federal liabilities:

            Debt:
    2103      Debt (EAI)....................         228            234           140             90
    2103      Debt (Paris Club debt
                reduction)..................                                       19             28
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         228            234           159            118
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position         228            234           159            118
    -----------------------------------------------------------------------------------------------

                   Loan Guarantees to Israel Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4119-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......         341         397         485
    22.00 New financing authority (gross)...          56          88          31
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         397         485         516
    24.40 Unobligated balance available, end
            of year: Uninvested.............         397         485         516
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    68.00 Spending authority from offsetting
            collections (gross): Offsetting
            collections (cash)..............          56          88          31
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.25     Interest on uninvested funds..                     -25         -31
    88.40     Non-Federal sources...........         -56         -63
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -56         -88         -31
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........         -56         -88         -31
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4119-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on commitments:
    2111  Limitation on guaranteed loans
            made by private lenders.........       2,000
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................       2,000
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........       6,564       7,814       9,226
    2231  Disbursements of new guaranteed
            loans...........................       1,250       1,412
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       7,814       9,226       9,226
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       7,814       9,226       9,226
    ---------------------------------------------------------------------------

        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.

    [[Page 953]]

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   72-4119-0-3-151    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................         341            463           551            582
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................         341            463           551            582
        LIABILITIES:
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.         341            397           551            582
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         341            397           551            582
    -----------------------------------------------------------------------------------------------

                 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, 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] $6,000,000, to remain
    available until [September 30, 1999] 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] $6,053,000 to remain available until September
    30, 2000, 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, 1998.)

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-0401-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Balance, start of year:
    01.99 Balance, start of year............           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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.02 Direct program....................           3           3           6
    00.09 Direct program....................           6           6           6
                                               ---------   ---------  ----------
    10.00   Total obligations...............           9           9          12
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           4           9           7
    22.00 New budget authority (gross)......          10           9          12
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           8
    22.30 Unobligated balance expiring......          -4          -2          -2
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          18          16          17
    23.95 New obligations...................          -9          -9         -12
    24.40 Unobligated balance available, end
            of year: Uninvested.............           9           7           5
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          10           9          12
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          38          34          26
    73.10 New obligations...................           9           9          12
    73.20 Total outlays (gross).............          -5         -17         -14
    73.45 Adjustments in unexpired accounts.          -8
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          34          26          24
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority           3           5           5
    86.93 Outlays from current balances.....           2          12           9
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           5          17          14
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          10           9          12
    90.00 Outlays...........................           5          17          14
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 72-0401-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Guaranteed loan levels supportable by subsidy
                    budget authority:
    2150  Loan guarantee levels.............          50          31          68
                                               ---------   ---------  ----------
    2159    Total loan guarantee levels.....          50          31          68
        Guaranteed loan subsidy (in percent):
    2320  Subsidy rate......................        7.97        9.70        8.82
                                               ---------   ---------  ----------
    2329    Weighted average subsidy rate...        7.97        9.70        8.82
        Guaranteed loan subsidy budget authority:
    2330  Subsidy budget authority..........           4           3           6
                                               ---------   ---------  ----------
    2339    Total subsidy budget authority..           4           3           6
        Guaranteed loan subsidy outlays:
    2340  Subsidy outlays...................           2           3           6
                                               ---------   ---------  ----------
    2349    Total subsidy outlays...........           2           3           6
    ---------------------------------------------------------------------------

        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 approved by 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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

          Personnel compensation:

    11.1    Full-time permanent.............           1           2           2
    11.8    Special personal services
              payments......................           1
                                               ---------   ---------  ----------
    11.9      Total personnel compensation..           2           2           2
    21.0  Travel and transportation of
            persons.........................           1           1           1
    23.2  Rental payments to others.........                       1           1
    25.3  Purchases of goods and services
            from Government accounts........           1           1           1
    41.0  Grants, subsidies, and
            contributions...................           3           3           6
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..           7           8          11
    99.5  Below reporting threshold.........           2           1           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............           9           9          12
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 72-0401-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......          20          30          30
    ---------------------------------------------------------------------------

    [[Page 954]]

    Urban and Environmental Credit Program Guaranteed Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4344-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          34          37          62
    22.00 New financing authority (gross)...           3          25          12
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          37          62          74
    24.40 Unobligated balance available, end
            of year: Uninvested.............          37          62          74
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    68.00 Spending authority from offsetting
            collections (gross): (cash).....           3          25          12
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............                     -19          -5
    88.25     Interest on uninvested funds..          -2          -3          -4
    88.40     Non-Federal sources...........          -1          -3          -3
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........          -3         -25         -12
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........          -2         -25         -12
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4344-0-3-151      1997 actual   1998 est.   1999 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.................          43          31          68
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................          43          31          68
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........         239         343         493
    2231  Disbursements of new guaranteed
            loans...........................         104         150          65
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........         343         493         558
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..         343         493         558
    ---------------------------------------------------------------------------

        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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....          35             37            62             74
            Investments in US securities:
    1106      Receivables, net..............          36             36            18             16
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................          71             73            80             90
        LIABILITIES:
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.          35             53            62             74
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............          35             53            62             74
        NET POSITION:
    3100  Appropriated capital..............          36             20            18             16
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............          36             20            18             16
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position          71             73            80             90
    -----------------------------------------------------------------------------------------------

         Housing and Other Credit Guaranty Programs Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4340-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Claims payments...................          48          27          15
    00.02 Interest on borrowing.............          10           8           6
                                               ---------   ---------  ----------
    10.00   Total obligations...............          58          35          21
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......                      63
    22.00 New budget authority (gross)......         121          57          59
    22.40 Capital transfer to general fund..                     -47         -14
    22.60 Redemption of debt................                     -38         -24
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         121          35          21
    23.95 New obligations...................         -58         -35         -21
    24.40 Unobligated balance available, end
            of year: Uninvested.............          63
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    60.05 Appropriation (indefinite)........          38                      25
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............          83          57          34
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         121          57          59
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...           5           5           5
    73.10 New obligations...................          58          35          21
    73.20 Total outlays (gross).............         -58         -35         -21
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...           5           5           5
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new permanent
            authority.......................          58          30          21
    86.98 Outlays from permanent balances...                       5
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          58          35          21
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources--Payments from
                debt reduction financing
                account.....................                     -27         -14
              Non-Federal sources:
    88.40       Receipts of principal
                  resulting from rescheduled
                  claims....................                     -13         -11
    88.40       Recoveries resulting from
                  rescheduled claims........         -56          -8          -1
    88.40       Fees........................          -9          -5          -5
    88.40       Interest & late pmt.
                  collection................         -18          -4          -3
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -83         -57         -34
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          38                      25
    90.00 Outlays...........................         -25         -22         -13
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4340-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........       1,950       1,884       1,786
    2231  Disbursements of new guaranteed
            loans...........................          41          29
    2251  Repayments and prepayments........        -107        -100        -101
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................                     -27         -15
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       1,884       1,786       1,670
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       1,884       1,786       1,670
    ----------------------------------------------------------------------------

    [[Page 955]]

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

    2310    Outstanding, start of year......         476         467         385
    2331    Disbursements for guaranteed
              loan claims...................          43          27          15
            Repayments of loans receivable:
    2351      Repayments of loans receivable                     -11         -10
    2351      Repayments of loans receivable
                (EAI).......................         -52          -1          -5
    2351      Repayments of loans receivable
                (Paris Club debt reduction).                     -27         -14
            Write-offs of loans receivable:
    2361      Write-offs of loans receivable                     -28         -10
    2361      Write-offs of loans receivable                     -42         -74
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......         467         385         287
    ---------------------------------------------------------------------------

        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. 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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
    0111  Revenue...........................          20             35             9              8
    0112  Expense...........................         -21             -9            -8             -6
                                            ------------ --------------  ------------  -------------
    0119  Net income or loss (-)............          -1             26             1              2
                                            ------------ --------------  ------------  -------------
    0199  Net income or loss................          -1             26             1              2
    -----------------------------------------------------------------------------------------------

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   72-4340-0-3-151    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....           4              5             5              5
            Investments in US securities:
    1104      Agency securities, par........
    1206  Non-Federal assets: Receivables,
            net.............................
          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1701    Defaulted guaranteed loans,
              gross.........................         476            506           385            287
    1703    Allowance for estimated
              uncollectible loans and
              interest (-)..................        -453           -224          -215           -214
    1704    Defaulted guaranteed loans and
              interest receivable, net......          23            282           170             73
                                            ------------ --------------  ------------  -------------
    1799      Value of assets related to
                loan guarantees.............          23            282           170             73
    1803  Other Federal assets: Property,
            plant and equipment, net........
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................          27            287           175             78
        LIABILITIES:
          Federal liabilities:

    2102    Interest payable................           5              4            14              6
    2103    Debt............................         110             85            72             48
    2105    Other...........................           5              3             3              3
          Non-Federal liabilities:

    2201    Accounts payable................
    2204    Liabilities for loan guarantees.         654            385           358            333
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         774            477           447            390
        NET POSITION:
    3100  Appropriated capital..............         182            183           151            155
    3300  Cumulative results of operations..        -929             12           -65           -134
    3500  Future funding requirements.......                       -385          -358           -333
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............        -747           -190          -272           -312
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position          27            287           175             78
    -----------------------------------------------------------------------------------------------

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4340-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    42.0  Insurance claims and indemnities..          48          27          15
    43.0  Interest and dividends............          10           8           6
                                               ---------   ---------  ----------
    99.9    Total obligations...............          58          35          21
    ---------------------------------------------------------------------------

             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, [1999]
    2000. (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-0400-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.02 Guaranty loan subsidy--
            Microenterprise credits.........           1           3           1
    00.09 Administrative expenses...........                       1           1
                                               ---------   ---------  ----------
    10.00   Total obligations...............           1           4           2
    ----------------------------------------------------------------------------

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

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

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...           3           3           5
    73.10 New obligations...................           1           4           2
    73.20 Total outlays (gross).............          -1          -2          -2
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...           3           5           4
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority                       1           1
    86.93 Outlays from current balances.....           1           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 Micro and Small Enterprise Development 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. Administrative expenses are estimated on a cash basis.

        The MSED program works with financial institutions to increase the
    flow of credit to small businesses in developing nations worldwide;
    poverty reduction requires thriving micro and small businesses whose
    success depends, in turn, on the ability to secure credit. The MSED
    program: (a) stimulates the growth and expansion of private sector
    activity by enhancing access to credit for micro and small businesses;
    (b) develops innovative financing mechanisms that address imperfec-

    [[Page 956]]

    tions in the credit market that make it difficult for small enterprises
    to get credit; and, (c) strengthens the capacity of indigenous financial
    institutions to engage in micro and small business lending through
    targeted training programs.

        The primary tool is the Loan Portfolio Guaranty (LPG) program which
    provides loan guarantees. The MSED program also uses direct loans and
    guarantees to provide capital for private voluntary organizations (PVOs)
    and non-governmental organizations (NGOs) engaged in microenterprise
    lending activities and to create sustainable relationships between these
    PVOs/NGOs and formal financial institutions. Guarantees are combined
    with training and technical assistance to improve the capacity of banks
    to assess small and micro business credits and to assist borrowers to
    present credible proposals to lending institutions.

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

    ----------------------------------------------------------------------------
    Identification code 72-0400-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Guaranteed loan levels supportable by subsidy
                    budget authority:
    2150  Loan guarantee levels.............          45          53          61
                                               ---------   ---------  ----------
    2159    Total loan guarantee levels.....          45          53          61
        Guaranteed loan subsidy (in percent):
    2320  Subsidy rate......................        4.40        3.76        3.29
                                               ---------   ---------  ----------
    2329    Weighted average subsidy rate...        4.40        3.76        3.29
        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..................           2           1           1
    ---------------------------------------------------------------------------

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-0400-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    41.0  Direct obligations: Grants,
            subsidies, and contributions....                       3           1
    99.5  Below reporting threshold.........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............           1           4           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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

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

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

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

        Offsets:
          Against gross financing authority and
              financing disbursements:

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

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

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4342-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........
    1131  Direct loan obligations exempt
            from limitation.................
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........           2           2           2
    1231  Disbursements: Direct loan
            disbursements...................                       1
    1251  Repayments: Repayments and
            prepayments.....................                      -1
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........           2           2           2
    ---------------------------------------------------------------------------

        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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Net value of assets related to
              post-1991 direct loans
              receivable:

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

        Microenterprise and Small Enterprise Development Guaranteed Loan
                                Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4343-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Default claims....................                       1           1
                                               ---------   ---------  ----------
    10.00   Total obligations...............                       1           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           1           2           4
    22.00 New financing authority (gross)...           1           2           3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           2           4           7
    23.95 New obligations...................                      -1          -1
    24.40 Unobligated balance available, end
            of year: Uninvested.............           2           4           7
    ----------------------------------------------------------------------------

    [[Page 957]]

        New financing authority (gross), detail:
    68.00 Spending authority from offsetting
            collections (gross): Offsetting
            collections (cash)..............           1           2           3
    ----------------------------------------------------------------------------

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

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............                      -1          -2
    88.40     Non-Federal sources...........          -1          -1          -1
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........          -1          -2          -3
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........                      -1          -2
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4343-0-3-151      1997 actual   1998 est.   1999 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.................          96          69          46
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................          96          69          46
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........          26          32          63
    2231  Disbursements of new guaranteed
            loans...........................           6          33          36
    2251  Repayments and prepayments........                      -1         -20
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................                      -1          -1
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........          32          63          78
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..          16          32          39
    ----------------------------------------------------------------------------

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

    2310    Outstanding, start of year......                                   1
    2331    Disbursements for guaranteed
              loan claims...................                       1           1
    2351    Repayments of loans receivable..
    2361    Write-offs of loans receivable..
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......                       1           2
    ---------------------------------------------------------------------------

        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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....           2              2             3              5
            Investments in US securities:
    1106      Receivables, net..............
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................           2              2             3              5
        LIABILITIES:
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.           1              1             2              4
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............           1              1             2              4
        NET POSITION:
    3100  Appropriated capital..............           1              1             1              1
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............           1              1             1              1
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position           2              2             3              5
    -----------------------------------------------------------------------------------------------

                Private Sector Revolving Fund Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4341-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           4           4
    22.40 Capital transfer to general fund..                      -4
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           4
    24.40 Unobligated balance available, end
            of year: Uninvested.............           4
    ----------------------------------------------------------------------------

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

        Offsets:
          Against gross budget authority and outlays:

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

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

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4341-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........          16           8
    2264  Adjustments: Other adjustments,
            net.............................          -8          -8
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........           8
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..           4
    ---------------------------------------------------------------------------

        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 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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................           3
                                            ------------ --------------  ------------  -------------
    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              1
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................           3
        LIABILITIES:
    2101  Federal liabilities: Accounts
            payable.........................
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.           1              1
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............           1              1
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position           1              1
    -----------------------------------------------------------------------------------------------

    [[Page 958]]

                  Development Credit Authority Program Account

                        For the cost of direct loans and loan guarantees, up
                to $15,000,000, to be derived by transfer from funds
                appropriated by this Act to carry out Part I of the Foreign
                Assistance Act of 1961, as amended, and funds appropriated
                by this Act under the heading, ``Assistance for Eastern
                Europe and the Baltic States,'' to remain available until
                expended, as authorized by section 635 of the Foreign
                Assistance Act of 1961: 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 for administrative expenses to carry
                out the direct and guaranteed loan programs, up to
                $2,000,000 of this amount may be transferred to and merged
                with the appropriation for ``Operating Expenses of the
                Agency for International Development'': Provided further,
                That the provisions of section 107A(d) (relating to general
                provisions applicable to the Development Credit Authority)
                of the Foreign Assistance Act of 1961, as contained in
                section 306 of H.R. 1486 as reported by the House Committee
                on International Relations on May 9, 1997, shall be
                applicable to direct loans and loan guarantees provided
                under this heading.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1264-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.02 Guaranteed loan subsidy...........                       3          18
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              41.0).........................                       3          18
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......                                   5
    22.00 New budget authority (gross)......                       8          15
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......                       8          20
    23.95 New obligations...................                      -3         -18
    24.40 Unobligated balance available, end
            of year: Uninvested.............                       5           2
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    42.00 Transferred from other accounts...                       8          15
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........                       8          15
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................                       8          15
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...                                   3
    73.10 New obligations...................                       3          18
    73.20 Total outlays (gross).............                                  -6
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...                       3          15
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority                                   4
    86.93 Outlays from current balances.....                                   2
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........                                   6
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                       8          15
    90.00 Outlays...........................                                   6
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 72-1264-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Guaranteed loan levels supportable by subsidy
                    budget authority:
    2150  Loan guarantee levels.............                      36         155
                                               ---------   ---------  ----------
    2159    Total loan guarantee levels.....                      36         155
        Guaranteed loan subsidy (in percent):
    2320  Subsidy rate......................                    8.44        8.39
                                               ---------   ---------  ----------
    2329    Weighted average subsidy rate...                    8.44        8.39
        Guaranteed loan subsidy budget authority:
    2330  Subsidy budget authority..........                       3          13
                                               ---------   ---------  ----------
    2339    Total subsidy budget authority..                       3          13
        Guaranteed loan subsidy outlays:
    2340  Subsidy outlays...................                                   6
                                               ---------   ---------  ----------
    2349    Total subsidy outlays...........                                   6
    ----------------------------------------------------------------------------

        Administrative expense data:
    3510  Budget authority..................
    3580  Outlays from balances.............
    3590  Outlays from new authority........
    ---------------------------------------------------------------------------

        The Development Credit Authority (DCA) will permit USAID to utilize
    direct loans and loan guarantees that have market-based rates and other
    market-based terms and conditions to achieve sustainable development
    objectives where these objectives can be achieved more effectively
    through the use of credit mechanisms, as opposed to through grants or
    other financing mechanisms. The DCA will only be used in cases where
    credit risks can be accurately assessed, where the specific sovereign or
    non-sovereign developing country obligor can responsibly undertake the
    credit servicing obligation, and where the use of USAID credit
    mechanisms will assist in the development of private sector mechanisms
    that can sustain the development impact. Therefore, while DCA will offer
    USAID an additional financing mechanism, it will not alter the Agency's
    programmatic priorities. The Agency will continue to provide the
    majority of its assistance on a grant basis and will utilize the DCA to
    finance sovereign and non-sovereign development projects that are both
    developmentally sound and creditworthy.

        The DCA is requested as a permitted transfer from funds appropriated
    to carry out Part I of the Foreign Assistance Act so that the actual
    amount of funds transferred for the subsidy cost of DCA credits can be
    commensurate with USAID's credit management capabilities. USAID has
    undertaken an ambitious Credit Management Improvement Action Plan and is
    implementing this plan with the cooperation of the Office of Management
    and Budget. The Agency is currently putting a number of far-reaching
    credit management reforms into effect and expects to have capabilities
    in place by the end of 1998 that will allow the transfer of the entire
    $15 million requested for the DCA.

        As required by the Federal Credit Reform Act of 1990, this account
    records, for this program, 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 for the
    administrative expenses of this program. The subsidy amounts are
    estimated on a net present value basis.

         Development Credit Authority Guaranteed Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4266-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New financing authority (gross)...                                   7
    24.40 Unobligated balance available, end
            of year: Uninvested.............                                   7
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    68.00 Spending authority from offsetting
            collections (gross): Offsetting
            collections (cash)..............                                   7
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources: Subsidy
                payments from program
                account.....................                                  -6
    88.25     Interest on uninvested funds..
    88.40     Non-Federal sources: Fees.....                                  -1
                                               ---------   ---------  ----------

    [[Page 959]]

    88.90       Total, offsetting
                  collections (cash)........                                  -7
    ----------------------------------------------------------------------------

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

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4266-0-3-151      1997 actual   1998 est.   1999 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.................                      36         214
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................                      36         214
    2199  Guaranteed amount of guaranteed
            loan commitments................
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........
    2231  Disbursements of new guaranteed
            loans...........................                                  94
    2251  Repayments and prepayments........
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........                                  94
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..                                  47
    ----------------------------------------------------------------------------

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

    2310    Outstanding, start of year......
    2331    Disbursements for guaranteed
              loan claims...................
    2351    Repayments of loans receivable..
    2361    Write-offs of loans receivable..
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......
    ---------------------------------------------------------------------------

        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   72-4266-0-3-151    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....                                                       7
            Investments in US securities:
    1106      Receivables, net..............                                        3             18
          Net value of assets related to
              post-1991 acquired defaulted
              guaranteed loans receivable:

    1501    Defaulted guaranteed loans
              receivable, gross.............
    1502    Interest receivable.............
    1504    Foreclosed property.............
    1505    Allowance for subsidy cost (-)..
                                            ------------ --------------  ------------  -------------
    1599      Net present value of assets
                related to defaulted
                guaranteed loans............
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................                                        3             25
        LIABILITIES:
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.                                                       7
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............                                                       7
        NET POSITION:
    3100  Appropriated capital..............                                        3             18
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............                                        3             18
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position                                        3             25
    -----------------------------------------------------------------------------------------------

                 Economic Assistance Loans--Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4103-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......                     128
    22.00 New budget authority (gross)......         921         944         890
    22.40 Capital transfer to general fund..        -793      -1,072        -890
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         128
    24.40 Unobligated balance available, end
            of year: Uninvested.............         128
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    68.00 Spending authority from offsetting
            collections (gross): Offsetting
            collections (cash)..............         921         944         890
                                                     921         944         890
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          10
    73.20 Total outlays (gross).............         -10
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new permanent
            authority.......................          10
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
              Non-Federal sources:
    88.40       Non-Federal sources-
                  Principal.................        -593        -671        -637
    88.40       Non-Federal sources-Interest        -328        -273        -253
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -921        -944        -890
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................        -911        -944        -890
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4103-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........      12,649      12,164      11,493
    1231  Disbursements: Direct loan
            disbursements...................          10
    1251  Repayments: Repayments and
            prepayments.....................        -593        -671        -637
    1261  Adjustments: Capitalized interest.          46
    1264  Write-offs for default: Other
            adjustments, net................          52
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........      12,164      11,493      10,856
    ---------------------------------------------------------------------------

        The Economic Assistance Loans liquidating account consolidates
    liquidating credit activity from three previous accounts: Economic
    Support Fund, Functional Development Assistance Program, and the
    Development Loans Revolving Fund. This was done to simplify
    presentation. 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 prior to 1992. This account is shown on a cash basis.

                                   Trust Funds

            Foreign Service National Separation Liability Trust Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-8342-0-7-602      1997 actual   1998 est.   1999 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).....................           3           2           2
    ----------------------------------------------------------------------------

    [[Page 960]]

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...           6           8           9
    73.10 New obligations...................           3           2           2
    73.20 Total outlays (gross).............          -1          -1          -1
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...           8           9          10
    ----------------------------------------------------------------------------

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

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

        This Fund is maintained to pay separation costs for Foreign Service
    National employees of the U.S. 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

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-9971-0-7-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Balance, start of year:
    01.99 Balance, start of year............
        Receipts:
    02.01 Gifts and donations...............          51
        Appropriation:
    05.01 Miscellaneous trust funds.........         -51
    07.99 Total balance, end of year........
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-9971-0-7-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    10.00 Total obligations (object class
            41.0)...........................          52           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           2           1
    22.00 New budget authority (gross)......          51
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          53           1
    23.95 New obligations...................         -52          -1
    24.40 Unobligated balance available, end
            of year: Uninvested.............           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    60.27 Appropriation (trust fund,
            indefinite).....................          51
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...           1           1
    73.10 New obligations...................          52           1
    73.20 Total outlays (gross).............         -52          -1
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...           1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new permanent
            authority.......................          51
    86.98 Outlays from permanent balances...           1           1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          52           1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          51
    90.00 Outlays...........................          52           1
    ---------------------------------------------------------------------------

        The Miscellaneous Trust Funds account includes gifts and donations
    that AID receives from other governments, non-governmental
    organizations, or private citizens. AID has authority to spend these
    gifts and donations for development purposes under Section 635(d) of the
    Foreign Assistance Act. In 1997, this account received $50 million from
    Israel that was used to finance part of the Mideast Peace and Stability
    Fund.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   72-9971-0-7-151    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................           3              3             3              3
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................           3              3             3              3
        LIABILITIES:
    2202  Non-Federal liabilities: Interest
            payable.........................           1                            1              1
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............           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              3             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] $34,000,000: 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, 1998.)

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Balance, start of year:
    01.99 Balance, start of year............       2,192       2,381       2,556
                                               ---------   ---------  ----------
    03.00 Offsetting collections............         189         175         176
    04.00 Total: Balances and collections...       2,381       2,556       2,732
    07.99 Total balance, end of year........       2,381       2,556       2,732
    ---------------------------------------------------------------------------

        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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Noncredit administrative expenses.          13          13          14
    09.02 Insurance claim payments/
            provisions......................          32          21          30
    09.03 Credit administrative expenses....          19          19          20
                                               ---------   ---------  ----------
    10.00   Total obligations...............          64          53          64
    ----------------------------------------------------------------------------

    [[Page 961]]

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          20          21          22
    22.00 New budget authority (gross)......          65          53          64
    22.10 Resources available from
            recoveries of prior year
            obligations.....................                       1           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          85          75          87
    23.95 New obligations...................         -64         -53         -64
    24.40 Unobligated balance available, end
            of year: Uninvested.............          21          22          23
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    41.00   Transferred to other accounts...         -19         -79         -70
          Permanent:

            Spending authority from
                offsetting collections:
    68.00     Offsetting collections (cash).         270         309         310
    68.10     Change in orders on hand from
                Federal sources.............           3          -2
    68.45     Portion not expected to be
                obligated...................        -189        -175        -176
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total)...................          84         132         134
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          65          53          64
    ----------------------------------------------------------------------------

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

    72.40   Obligated balance: Uninvested...          38          65          76
    72.95   Orders on hand from Federal
              sources.......................          44          47          45
                                               ---------   ---------  ----------
    72.99     Total unpaid obligations,
                start of year...............          82         112         121
    73.10 New obligations...................          64          53          64
    73.20 Total outlays (gross).............         -34         -43         -56
    73.45 Adjustments in unexpired accounts.                      -1          -1
          Unpaid obligations, end of year:

    74.40   Obligated balance: Uninvested...          65          76          83
    74.95   Orders on hand from Federal
              sources.......................          47          45          45
                                               ---------   ---------  ----------
    74.99     Total unpaid obligations, end
                of year.....................         112         121         128
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new permanent
            authority.......................          29          34          42
    86.98 Outlays from permanent balances...           5           9          14
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          34          43          56
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............         -16         -38         -20
    88.20     Interest on U.S. securities...        -167        -192        -203
    88.40     Non-Federal sources...........         -87         -79         -87
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -270        -309        -310
    88.95 Change in orders on hand from
            Federal sources.................          -3           2
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................        -208        -254        -246
    90.00 Outlays...........................        -236        -266        -254
    ---------------------------------------------------------------------------

        The Overseas Private Investment Corporation encourages the
    participation of United States private sector 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
    damage due to political violence.

                      Status of Funds (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Unexpended balance, start of year:
    0100  Treasury balance..................          20          21          22
          U.S. Securities:

    0101    Par value.......................       2,252       2,470       2,654
    0102    Unrealized discounts............         -22         -24         -20
                                               ---------   ---------  ----------
    0199    Total balance, start of year....       2,250       2,467       2,656
        Cash income during the year:
          Offsetting collections:

    0280    Offsetting collections..........         270         309         310
        Cash outgo during year:
    0500  Overseas private investment
            corporation noncredit account...         -34         -43         -56
    0645  Balance transferred, net..........         -19         -79         -70
        Unexpended balance, end of year:
    0700  Treasury balance..................          21          22          23
          U.S. Securities:

    0701    Par value.......................       2,470       2,654       2,837
    0702    Unrealized discounts............         -24         -20         -20
                                               ---------   ---------  ----------
    0799    Total balance, end of year......       2,467       2,656       2,840
    ---------------------------------------------------------------------------
                                       INSURANCE PROGRAM ACTIVITY
                                        [In millions 1996 actual 1997 actual  1998 est.   1999 est.
    Aggregate insurance outstanding, start of year..      21,297      31,395      26,579      28,198
    Aggregate insurance issued during year..........      16,584       3,732       8,000       9,000
    Aggregate insurance reductions and cancellations      -6,486      -8,548       6,382      -6,770
                                                    ------------------------------------------------
    Aggregate insurance outstanding, end of year....      31,395      26,579      28,197      30,428
    Net growth/(decline) of portfolio...............      10,098      -4,816       1,618       2,230
    Net growth rate of insurance portfolio (in
        percent)....................................       47.41      -15.34        6.09        7.91
                                                    ------------------------------------------------
                                      STATUS OF INSURANCE AUTHORITY
                                        [In millions 1996 actual 1997 actual  1998 est.   1999 est.
    Statutory authority limitation..................      13,500  \1\ 23,000  \1\ 29,000  \1\ 29,000
    Maximum contingent liability, end of year.......      13,386      12,137      13,986      15,092
    Estimated potential exposure to claims, end of
        year........................................       6,413       7,172       8,177       8,824
                                                    ================================================
        \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.

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   71-4184-0-3-151    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....          36             20            21             22
            Investments in US securities:
    1102      Treasury securities, par......       2,396          2,649         2,720          2,800
    1106      Receivables, net..............          44             47            45             45
    1206  Non-Federal assets: Receivables,
            net.............................           9             11            15             15
    1803  Other Federal assets: Property,
            plant and equipment, net........          12             14            15             15
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................       2,497          2,741         2,816          2,897
        LIABILITIES:
    2101  Federal liabilities: Accounts
            payable.........................
          Non-Federal liabilities:

    2201    Accounts payable................          56              5             5              5
    2207    Other...........................         108            188           200            200
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         164            193           205            205
        NET POSITION:
    3300  Cumulative results of operations..       2,333          2,548         2,611          2,692
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............       2,333          2,548         2,611          2,692
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position       2,497          2,741         2,816          2,897
    -----------------------------------------------------------------------------------------------

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           5           6           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.........           2           2           2
    25.2  Other services....................           3           2           2
    25.3  Purchases of goods and services
            from Government accounts........          19          19          20
    42.0  Insurance claims and indemnities..          32          21          30
                                               ---------   ---------  ----------
    99.9    Total obligations...............          64          53          64
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    2001  Total compensable workyears: Full-
            time equivalent employment......          73          80          88
    ---------------------------------------------------------------------------

    [[Page 962]]

    Credit accounts:

             Overseas Private Investment Corporation Program Account

        For the cost of direct and guaranteed loans, [$60,000,000]
    $50,000,000, 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 [1998 and 1999] 1999 and 2000:
    Provided further, That such sums shall remain available through fiscal
    year [2006] 2007 for the disbursement of direct and guaranteed loans
    obligated in fiscal year [1998] 1999, and through fiscal year [2007]
    2008 for the disbursement of direct and guaranteed loans obligated in
    fiscal year [1999] 2000: Provided further, That 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, 1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-0100-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loan subsidy...............           1           4           4
    00.02 Guaranteed loan subsidy...........          12          68          46
    00.09 Credit administrative expenses....          19          19          20
                                               ---------   ---------  ----------
    10.00   Total obligations...............          32          91          70
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          37          87          63
    22.00 New budget authority (gross)......          96          79          70
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          41           3
    22.21 Unobligated balance transferred to
            other accounts..................         -10
    22.30 Unobligated balance expiring......         -45         -15
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         119         154         133
    23.95 New obligations...................         -32         -91         -70
    24.40 Unobligated balance available, end
            of year: Uninvested.............          87          63          63
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    40.00 Appropriation.....................          72
    42.00 Transferred from other accounts...          24          79          70
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........          96          79          70
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          96          79          70
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...         176         127         161
    73.10 New obligations...................          32          91          70
    73.20 Total outlays (gross).............         -39         -54         -57
    73.45 Adjustments in unexpired accounts.         -41          -3
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...         127         161         174
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority                      21          22
    86.93 Outlays from current balances.....          39          33          35
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          39          54          57
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          96          79          70
    90.00 Outlays...........................          39          54          57
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 71-0100-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Direct loan levels supportable by subsidy
                    budget authority:
    1150  Direct loan levels................         133         133         200
                                               ---------   ---------  ----------
    1159    Total direct loan levels........         133         133         200
        Direct loan subsidy (in percent):
    1320  Subsidy rate......................        3.00        3.00        2.00
                                               ---------   ---------  ----------
    1329    Weighted average subsidy rate...        3.00        3.00        2.00
        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           2           4
                                               ---------   ---------  ----------
    1349    Total subsidy outlays...........           1           2           4
    ----------------------------------------------------------------------------

        Guaranteed loan levels supportable by subsidy
                    budget authority:
    2150  Loan guarantee levels.............       2,433       1,800       2,600
                                               ---------   ---------  ----------
    2159    Total loan guarantee levels.....       2,433       1,800       2,600
        Guaranteed loan subsidy (in percent):
    2320  Subsidy rate......................        3.00        3.00        2.00
                                               ---------   ---------  ----------
    2329    Weighted average subsidy rate...        3.00        3.00        2.00
        Guaranteed loan subsidy budget authority:
    2330  Subsidy budget authority..........          73          56          46
                                               ---------   ---------  ----------
    2339    Total subsidy budget authority..          73          56          46
        Guaranteed loan subsidy outlays:
    2340  Subsidy outlays...................          22          33          34
                                               ---------   ---------  ----------
    2349    Total subsidy outlays...........          22          33          34
    ----------------------------------------------------------------------------

        Administrative expense data:
    3510  Budget authority..................          19          19          20
    3590  Outlays from new authority........          16          19          19
    ---------------------------------------------------------------------------

        The Overseas Private Investment Corporation encourages the
    participation of United States private sector 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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           7           7           7
    12.1  Civilian personnel benefits.......           2           2           2
    21.0  Travel and transportation of
            persons.........................                       1           1
    23.2  Rental payments to others.........           3           3           3
    25.2  Other services (contracts)........           6           4           5
    26.0  Supplies and materials............           1
    41.0  Grants, subsidies, and
            contributions...................          13          72          50
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..          32          89          68
    99.5  Below reporting threshold.........                       2           2
                                               ---------   ---------  ----------
    99.9    Total obligations...............          32          91          70
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 71-0100-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......         109         120         132
    ---------------------------------------------------------------------------

    [[Page 963]]

      Overseas Private Investment Corporation Direct Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4074-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................          17         100         133
    00.02 Direct program....................           5           9           9
                                               ---------   ---------  ----------
    10.00   Total obligations...............          22         109         142
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           6          14          23
    22.00 New financing authority (gross)...          30         118         148
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          36         132         171
    23.95 New obligations...................         -22        -109        -142
    24.40 Unobligated balance available, end
            of year: Uninvested.............          14          23          29
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    67.15 Authority to borrow (indefinite)..          17         100         129
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............          13          18          19
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................          30         118         148
    ----------------------------------------------------------------------------

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

    72.40   Obligated balance: Uninvested...          65          64         123
    72.95   Receivables from program account           4           4           4
                                               ---------   ---------  ----------
    72.99     Total unpaid obligations,
                start of year...............          69          68         127
    73.10 New obligations...................          22         109         142
    73.20 Total financing disbursements
            (gross).........................         -25         -50         -70
          Unpaid obligations, end of year:

    74.40   Obligated balance: Uninvested...          64         123         195
    74.95   Receivables from program account           4           4           4
                                               ---------   ---------  ----------
    74.99     Total unpaid obligations, end
                of year.....................          68         127         199
    87.00 Total financing disbursements
            (gross).........................          25          50          70
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -2          -3          -3
              Non-Federal sources:
    88.40       Repayments of Principal.....          -4          -5          -6
    88.40       Interest received on loans..          -7          -8          -8
    88.40       Fees........................                      -2          -2
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -13         -18         -19
    88.95 Change in receivables from program
            accounts........................
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............          17         100         129
    90.00 Financing disbursements...........          11          32          51
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4074-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........
    1131  Direct loan obligations exempt
            from limitation.................         133         133         133
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...         133         133         133
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          72          83         119
    1231  Disbursements: Direct loan
            disbursements...................          15          41          61
    1251  Repayments: Repayments and
            prepayments.....................          -4          -5          -6
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........          83         119         174
    ---------------------------------------------------------------------------

        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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....          11             14            10             10
            Investments in US securities:
    1106      Receivables, net..............           4              4             8              8
    1206  Non-Federal assets: Receivables,
            net.............................                                        2              2
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..          72             83           119            174
    1402    Interest receivable.............           1              1
    1404    Foreclosed property.............
    1405    Allowance for subsidy cost (-)..         -10            -13           -20            -20
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....          63             71            99            154
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................          78             89           119            174
        LIABILITIES:
          Federal liabilities:

    2101    Accounts payable................           4                            4              4
    2102    Interest payable................           4
    2103    Debt............................          69             84           110            165
    2105    Other Federal liabilities.......                          3             4              4
    2207  Non-Federal liabilities: Other....           1              2             1              1
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............          78             89           119            174
        NET POSITION:
    3300  Cumulative results of operations..
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position          78             89           119            174
    -----------------------------------------------------------------------------------------------

       Overseas Private Investment Corporation Guaranteed Loan Financing
                                     Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4075-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Default claims....................           7          20          50
    00.02 Capitalized costs.................           2           2           3
                                               ---------   ---------  ----------
    10.00   Total obligations...............           9          22          53
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......         106         181         268
    22.00 New financing authority (gross)...          83         109         123
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         189         290         391
    23.95 New obligations...................          -9         -22         -53
    24.40 Unobligated balance available, end
            of year: Uninvested.............         181         268         338
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
    68.00 Spending authority from offsetting
            collections (gross): Offsetting
            collections (cash)..............          83         109         123
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...           4           4           4
    73.10 New obligations...................           9          22          53
    73.20 Total financing disbursements
            (gross).........................         -10         -22         -53
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...           4           4           4
    87.00 Total financing disbursements
            (gross).........................          10          22          53
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources: Payments from
                program account.............         -23         -33         -35
    88.25     Interest on uninvested funds..          -9         -11         -13
              Non-Federal sources:
    88.40       Claim recoveries............          -4          -5          -5

    [[Page 964]]

    88.40       Fees........................         -47         -60         -70
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -83        -109        -123
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........         -75         -87         -70
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4075-0-3-151      1997 actual   1998 est.   1999 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.................       2,143       1,800       2,000
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................       2,143       1,800       2,000
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........       1,335       1,981       2,681
    2231  Disbursements of new guaranteed
            loans...........................         857       1,100       1,300
    2251  Repayments and prepayments........        -204        -400        -500
          Adjustments:

    2262    Terminations for default that
              result in acquisition of
              property......................          -5
    2263    Terminations for default that
              result in claim payments......          -2
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       1,981       2,681       3,481
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       1,981       2,681       3,481
    ----------------------------------------------------------------------------

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

    2310    Outstanding, start of year......          15          18          27
    2331    Disbursements for guaranteed
              loan claims...................           7          20          50
    2351    Repayments of loans receivable..          -4         -11         -15
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......          18          27          62
    ---------------------------------------------------------------------------

        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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................         112            188           268            338
    1206  Non-Federal assets: Receivables,
            net.............................           6              9            17             17
          Net value of assets related to
              post-1991 acquired defaulted
              guaranteed loans receivable:

    1501    Defaulted guaranteed loans
              receivable, gross.............          15             16            27             62
                                            ------------ --------------  ------------  -------------
    1599      Net present value of assets
                related to defaulted
                guaranteed loans............          15             16            27             62
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................         133            213           312            417
        LIABILITIES:
    2103  Federal liabilities: Debt.........           4              4
          Non-Federal liabilities:

    2204    Liabilities for loan guarantees.          97            170           275            380
    2207    Other non-fed...................          26             25            25             25
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         127            199           300            405
        NET POSITION:
    3300  Cumulative results of operations..           6             14            12             12
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............           6             14            12             12
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position         133            213           312            417
    -----------------------------------------------------------------------------------------------

           Overseas Private Investment Corporation Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4030-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................           6          25          15
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              43.0).........................           6          25          15
    ----------------------------------------------------------------------------

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

    21.40   Uninvested......................         100          81
    21.41   U.S. Securities: Par value......          35          35
                                               ---------   ---------  ----------
    21.99     Total unobligated balance,
                start of year...............         135         116
    22.00 New budget authority (gross)......          31          25          21
    22.40 Capital transfer to general fund..         -43        -116          -6
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         123          25          15
    23.95 New obligations...................          -6         -25         -15
          Unobligated balance available, end of year:

    24.40   Uninvested......................          81
    24.41   U.S. Securities: Par value......          35
                                               ---------   ---------  ----------
    24.99   Total unobligated balance, end
              of year.......................         116
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    68.00 Spending authority from offsetting
            collections (gross): Offsetting
            collections (cash)..............          31          25          21
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...           6           6           5
    73.10 New obligations...................           6          25          15
    73.20 Total outlays (gross).............          -6         -25         -15
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...           6           5           4
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new permanent
            authority.......................                      25          15
    86.98 Outlays from permanent balances...           6
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           6          25          15
    ----------------------------------------------------------------------------

        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...........         -28         -22         -18
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -31         -25         -21
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         -23                      -6
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4030-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          53          37          24
    1231  Disbursements: Direct loan
            disbursements...................           3
    1251  Repayments: Repayments and
            prepayments.....................         -16         -10          -6
    1264  Write-offs for default: Other
            adjustments, net................          -3          -3          -2
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........          37          24          16
    ---------------------------------------------------------------------------

    [[Page 965]]

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4030-0-3-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........         216         141          66
    2231  Disbursements of new guaranteed
            loans...........................          20
    2251  Repayments and prepayments........         -95         -75         -56
    2264  Adjustments: Other adjustments,
            net.............................
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........         141          66          10
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..         141          66          10
    ---------------------------------------------------------------------------

        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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
    0101  Revenue...........................          12             12            12             12
    0102  Expense...........................           9             -2            -2             -2
                                            ------------ --------------  ------------  -------------
    0109  Net income or loss (-)............          21             10            10             10
    -----------------------------------------------------------------------------------------------

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   71-4030-0-3-151    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....         106             86            59             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
          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1601    Direct loans, gross.............          53             37            24             16
    1603    Allowance for estimated
              uncollectible loans and
              interest (-)..................         -18            -14           -22            -14
    1604    Direct loans and interest
              receivable, net...............          35             23             2              2
                                            ------------ --------------  ------------  -------------
    1699      Value of assets related to
                direct loans................          35             23             2              2
    1706    Foreclosed property.............           3              2             3              3
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................         181            147           101            101
        LIABILITIES:
    2104  Federal liabilities: Resources
            payable to Treasury.............          43                           40             40
    2207  Non-Federal liabilities: Other....          15             11            10             10
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............          58             11            50             50
        NET POSITION:
    3200  Invested capital..................          50             50            50             50
    3300  Cumulative results of operations..          73             86             1              1
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............         123            136            51             51
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position         181            147           101            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, [$41,500,000] $50,000,000, to remain
    available until September 30, [1999] 2000: 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,
    [1999] 2000, 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,
    1998.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1001-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Feasibility studies, and other
            activities......................          45          50          44
    00.02 Operating expenses................           6           6           6
                                               ---------   ---------  ----------
    10.00   Total obligations...............          51          56          50
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          11          14
    22.00 New budget authority (gross)......          54          42          50
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          65          56          50
    23.95 New obligations...................         -51         -56         -50
    24.40 Unobligated balance available, end
            of year: Uninvested.............          14
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Appropriation:

    40.00   Appropriation...................          34          42          50
    40.00   Appropriation...................           6
    42.00 Transferred from other accounts...          14
                                               ---------   ---------  ----------
    43.00   Appropriation (total)...........          54          42          50
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          54          42          50
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          78          80          76
    73.10 New obligations...................          51          56          50
    73.20 Total outlays (gross).............         -51         -60         -46
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          80          76          80
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority          15          12          13
    86.93 Outlays from current balances.....          36          48          34
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          51          60          46
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          54          42          50
    90.00 Outlays...........................          51          60          46
    ---------------------------------------------------------------------------

        Appropriated funds provide for the costs of the U.S. Trade and
    Development Agency (TDA), which include: program costs of grants for
    feasibility studies and other project planning activities; and, the cost
    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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           3           3           3
    12.1  Civilian personnel benefits.......           1           1           1
    25.1  Advisory and assistance services..           1           1           1
    41.0  Grants, subsidies, and
            contributions...................          46          50          44
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..          51          55          49
    99.5  Below reporting threshold.........                       1           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          51          56          50
    ---------------------------------------------------------------------------

    [[Page 966]]

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-1001-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......          35          41          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), [$222,000,000] $270,335,000, 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] 1 funds
    appropriated under this heading shall remain available until September
    30, [1999] 2000. (Foreign Operations, Export Financing, and Related
    Programs Appropriation Act, 1998.)
        1 The Administration proposes to delete this provision
    and will work with Congress to address the issue of abortion funding.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0100-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
          Direct program:

    00.01   Millennium initiative...........                                  33
    00.02   Africa region...................          54          54          55
    00.03   Europe, Mediterranean & Asia
              region........................          36          37          39
    00.04   Inter-America & Pacific region..          39          39          39
    00.05   Other volunteer support.........          92         102         105
                                               ---------   ---------  ----------
    00.91     Total direct program..........         221         232         271
    09.01 Reimbursable program..............           7           8           8
                                               ---------   ---------  ----------
    10.00   Total obligations...............         228         240         279
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......           8           7           2
    22.00 New budget authority (gross)......         227         235         279
    22.22 Unobligated balance transferred
            from other accounts.............           1
    22.30 Unobligated balance expiring......          -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         235         242         281
    23.95 New obligations...................        -228        -240        -279
    24.40 Unobligated balance available, end
            of year: Uninvested.............           7           2           2
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.00   Appropriation...................         208         222         270
    42.00   Transferred from other accounts.          12           4
                                               ---------   ---------  ----------
    43.00     Appropriation (total).........         220         226         270
          Permanent:

    68.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           7           9           9
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         227         235         279
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          68          61          55
    73.10 New obligations...................         228         240         279
    73.20 Total outlays (gross).............        -233        -246        -274
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          61          55          60
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority         172         181         216
    86.93 Outlays from current balances.....          54          56          49
    86.97 Outlays from new permanent
            authority.......................           7           9           9
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         233         246         274
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -7          -9          -9
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         220         226         270
    90.00 Outlays...........................         226         237         265
    ---------------------------------------------------------------------------

        Peace Corps' operating expenses will provide direct and indirect
    support for an average of 6,000 Americans engaged in voluntary services
    in 84 countries worldwide in 1998. The Volunteers help fill the trained
    manpower needs of developing countries and encourage self-sustaining
    development of skilled manpower. The 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 benefits
    of volunteerism. Peace Corps Volunteers work primarily in the areas of
    agriculture, education, economic development, health, and environment.

        Millennium Initiative.--This presidential initiative will support
    the Peace Corps' efforts to place a total of 5,712 new trainees in the
    field in 1999 and will put the Peace Corps on a path to a volunteer
    corps of 10,000 in the new century. The World Wise Schools Program,
    which connects Peace Corps volunteers with American teachers and
    students to promote international understanding, will be expanded to
    10,000 teachers. The Initiative also includes an increase of 100 in the
    number of Crisis Corps volunteers, who provide assistance to the
    international relief community during humanitarian crises and natural
    disasters.

        Africa Region.--The Africa Region will support 1,272 new trainees
    and an average of 2,227 Volunteers during 1998. These Volunteers and
    trainees will work in 28 sub-Saharan countries.

        Europe, Mediterranean, and Asia Region.--In 1998 an average of 1,815
    volunteers will work in 26 countries in Eastern and Central Europe, the
    former Soviet Union, North Africa, and Asia. The region will support
    1,140 new trainees.

        Inter-America and Pacific Region.--An average of 1,947 volunteers
    will work in 30 countries in the Caribbean, Central America, South
    America, and the Pacific. This office will also fund 1,166 new trainees
    in 1998.

        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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          45          46          52
    11.3      Other than full-time permanent           2           2           2
    11.5      Other personnel compensation..           2           2           2
              Special personal services
                  payments:
    11.8        Special personal services
                  payments..................
    11.8        Trainees and volunteers.....          20          20          23
                                               ---------   ---------  ----------
    11.9        Total personnel compensation          69          70          79
    12.1    Civilian personnel benefits.....          41          43          47
    13.0    Benefits for former personnel...                       1           1
    21.0    Travel and transportation of
              persons.......................          25          27          34
    22.0    Transportation of things........           3           3           4
    23.1    Rental payments to GSA..........           6           6           6
    23.2    Rental payments to others.......           7           7           9
    23.3    Communications, utilities, and
              miscellaneous charges.........           5           7           7
    24.0    Printing and reproduction.......           1           1           1
    25.2    Other services..................          31          35          42
    25.3    Purchases of goods and services
              from Government accounts......           5           8           6
    25.4    Operation and maintenance of
              facilities....................           1           1           1

    [[Page 967]]

    25.6    Medical care....................          11           8          13
    25.7    Operation and maintenance of
              equipment.....................           1           1           1
    26.0    Supplies and materials..........           9           8          10
    31.0    Equipment.......................           5           6           9
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..         220         232         270
    99.0  Reimbursable obligations..........           6           7           7
    99.5  Below reporting threshold.........           2           1           2
                                               ---------   ---------  ----------
    99.9    Total obligations...............         228         240         279
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-0100-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears: Full-
            time equivalent employment......       1,071       1,130       1,270
        Reimbursable:
    2001  Total compensable workyears: Full-
            time equivalent employment......           6           6           6
    ---------------------------------------------------------------------------

                      Peace Corps Miscellaneous Trust Funds

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-9972-0-7-151      1997 actual   1998 est.   1999 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
    07.99 Total balance, end of year........
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-9972-0-7-151      1997 actual   1998 est.   1999 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.......           2           1           1
    22.00 New budget authority (gross)......                       1           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           2           2           2
    23.95 New obligations...................          -1          -1          -1
    24.40 Unobligated balance available, end
            of year: Uninvested.............           1           1           1
    ----------------------------------------------------------------------------

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

        Miscellaneous contributions received by gift, devise, bequest, or
    from foreign governments are used for the 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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......           3           4           4
    ---------------------------------------------------------------------------

                            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 the provisions of section 401 of
    the Foreign Assistance Act of 1969, and to make commitments without
    regard to fiscal year limitations, as provided by 31 U.S.C. 9104(b)(3),
    $22,000,000.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-3100-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Development grants................          15          19          19
    00.02 Development research and
            dissemination...................           1           1           1
    00.03 In-country support................           3           3           3
    00.04 Program management and operations.           6           7           7
                                               ---------   ---------  ----------
    10.00   Total obligations...............          25          30          30
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......          16          18          18
    22.00 New budget authority (gross)......          22          30          30
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           4
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          42          48          48
    23.95 New obligations...................         -25         -30         -30
    24.40 Unobligated balance available, end
            of year: Uninvested.............          18          18          18
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

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

    68.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).           2           8           8
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          22          30          30
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          21          18          20
    73.10 New obligations...................          25          30          30
    73.20 Total outlays (gross).............         -22         -28         -29
    73.45 Adjustments in unexpired accounts.          -4
    74.40 Unpaid obligations, end of year:
            Obligated balance: Approriation.          18          20          20
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority           9          11          11
    86.93 Outlays from current balances.....           8          12          11
    86.97 Outlays from new permanent
            authority.......................           2           3           3
    86.98 Outlays from permanent balances...           3           2           4
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          22          28          29
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -2          -8          -8
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          20          22          22
    90.00 Outlays...........................          20          20          21
    ---------------------------------------------------------------------------

        Established by the 1969 Foreign Assistance Act, the Inter-American
    Foundation supports grassroots development initia-

    [[Page 968]]

    tives 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 1999, the
    IAF will continue its new strategic programming approach which
    emphasizes: (1) building partnerships among grassroots organizations,
    Non-Governmental Organizations, local governments, and private
    enterprises to foster social and economic development at the local
    level; and, (2) expanding access to private business 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 best practices and lessons for the benefit of the
    major development funders, new private sector contributors and
    development practitioners. Using information derived from the results
    system that is based on the grassroots development framework from a set
    of learning practices focused on grants, the Foundation will
    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, to other donors and enterprises
    supporting development activities, and to grassroots practitioners.

        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
    1999, the Foundation plans to award approximately 100 grants and 20
    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, rent, service contracts, and
    other support costs.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-3100-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           3           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           4           4
    41.0  Grants, subsidies, and
            contributions...................          16          20          20
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..          24          30          30
    99.5  Below reporting threshold.........           1
                                               ---------   ---------  ----------
    99.9    Total obligations...............          25          30          30
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-3100-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......          55          68          68
    ---------------------------------------------------------------------------

                         AFRICAN DEVELOPMENT FOUNDATION

                                  Federal Funds

    General and special funds:

                         African Development Foundation

        To carry out Title V of the International Security and Development
    Cooperation Act of 1980, Public Law 96-533, and to make commitments
    without regard to fiscal year limitations (31 U.S.C. 9104(b)(3)),
    $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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
          Direct program:

    00.01   Advance sustainable development
              and empowerment of the poor in
              Africa........................           6          14          10
    00.02   Enhance US assistance and
              relations with Africa.........                       1           1
    00.03   Expand use of participatory
              development policies and
              practices.....................           1           2           2
    00.04   Internal agency objectives......           1           1           1
    09.00 Reimbursable program..............                       1           1
                                               ---------   ---------  ----------
    10.00   Total obligations...............           8          19          15
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......                       4
    22.00 New budget authority (gross)......          12          15          15
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          12          19          15
    23.95 New obligations...................          -8         -19         -15
    24.40 Unobligated balance available, end
            of year: Uninvested.............           4
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.00   Appropriation...................                                  14
    42.00   Transferred from other accounts.          12          14
                                               ---------   ---------  ----------
    43.00     Appropriation (total).........          12          14          14
          Permanent:

    68.00   Spending authority from
              offsetting collections:
              Offsetting collections (cash).                       1           1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          12          15          15
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: start of year          17          15          21
    73.10 New obligations...................           8          19          15
    73.20 Total outlays (gross).............         -10         -13         -15
    74.40 Unpaid obligations, end of year:
            Obligated balance: end of year..          15          21          21
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority           6           6           6
    86.93 Outlays from current balances.....           4           6           8
    86.97 Outlays from new permanent
            authority.......................                       1           1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          10          13          15
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

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

        Net budget authority and outlays:
    89.00 Budget authority..................          12          14          14
    90.00 Outlays...........................          10          12          14
    ---------------------------------------------------------------------------

    [[Page 969]]

        The African Development Foundation (ADF), a public corporation, is a
    unique agency of the U.S. Government that supports community-based,
    self-help initiatives to alleviate poverty and to promote sustainable
    development in Africa. Through its grant program, ADF has pioneered
    participatory development in Africa. Foundation grants are made directly
    to private grassroots African groups and are premised on self-help to
    foster self-reliance through the promotion of African leadership and
    ownership of the development process.

        The Foundation has recently completed a 15-month comprehensive,
    reengineering process in which ADF has: (a) developed new strategic
    goals and objectives, at the corporate level and for all country
    programs, to focus and concentrate financial resources for greater
    impact; (b) completed an organizational restructuring to focus more
    human resources on field operations; (c) streamlined all programming and
    support systems to increase operational efficiency and effectiveness;
    and (d) implemented a plan designed to increase the decision making,
    program monitoring and evaluation capacity of field staff. In addition,
    ADF has installed a new grants accounting system and procured computer
    hardware and software to permit Internet access and connectivity with
    field staff. Finally, the Foundation is pursuing strategic partnerships
    with the private sector and other donors to leverage resources and to
    develop new modes of assistance for Africa.

        In 1999, ADF will provide assistance to fifteen countries in Africa,
    but resources will be concentrated in eight: Benin, Ghana, Guinea, Mali,
    Senegal, Tanzania, Uganda, and Zimbabwe. This budget request will fund
    the Foundation's operating costs and more than 50 small grants to
    African non-governmental organizations, community-based groups and
    researchers, in pursuit of ADF's three strategic goals.

        Program Components:

            (1) Advance sustainable development and empowerment of the poor
        in Africa.--ADF will promote micro and small enterprise development
        which will generate employment and enhance income. ADF will also
        seek to improve community-based natural resource management for
        sustainable rural development. Increasing participation of African
        grassroots enterprises and producer groups in trade and investment
        relationships with the U.S. and within Africa is another primary
        focus of ADF. Finally, ADF will work to strengthen civil society and
        local governance and to encourage African governments to expand
        grassroots participation in policy-making and resource allocation
        processes. Examples of projects which will be funded are: micro-
        finance capital; business development services, training and
        technical assistance; soil and water reclamation; civil education;
        and advocacy training.
            (2) Enhance U.S. assistance and relations with Africa.--ADF will
        share its experience and encourage expanded U.S. funding for
        participatory grassroots development, improve program and policy
        coordination on grassroots development among U.S. foreign assistance
        and foreign policy agencies, and leverage public and private
        resources through strategic partnerships.
            (3) Expand use of participatory development policies and
        practices.--ADF will intensify its efforts to develop, evaluate and
        disseminate new interventions and methodologies for participatory
        development, and encourage African governments to increase
        utilization of participatory development ``best practices.''

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0700-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    11.1    Personnel compensation: Full-
              time permanent................           2           2           2
    41.0    Grants, subsidies, and
              contributions.................           4          14          10
                                               ---------   ---------  ----------
    99.0      Subtotal, direct obligations..           6          16          12
    99.0  Reimbursable obligations..........                       1           1
    99.5  Below reporting threshold.........           2           2           2
                                               ---------   ---------  ----------
    99.9    Total obligations...............           8          19          15
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-0700-0-1-151      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    1001  Total compensable workyears: Full-
            time equivalent employment......          27          32          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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.02 Direct program....................         160
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              33.0).........................         160
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......      15,598      14,054      14,054
    22.10 Resources available from
            recoveries of prior year
            obligations.....................         -13
    22.30 Unobligated balance expiring......      -1,370
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......      14,215      14,054      14,054
    23.95 New obligations...................        -160
    24.40 Unobligated balance available, end
            of year: Uninvested.............      14,054      14,054      14,054
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...      22,666      22,078      22,078
    73.10 New obligations...................         160
    73.20 Total outlays (gross).............        -761
    73.45 Adjustments in unexpired accounts.          13
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...      22,078      22,078      22,078
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.98 Outlays from permanent balances...         761
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................         761
    ---------------------------------------------------------------------------

        Recent financial developments in Asia have required an urgent
    response from the international community. The United States,
    independently and through the multilateral mechanism of the
    International Monetary Fund (IMF), has taken a strong lead in shaping
    the international response to the threat of more widespread financial
    instability. The IMF has acted quickly to provide financial support in
    conjunction with strong policy direction to the affected countries in
    the region, mitigating the spillover effects from their financial crises
    on the global economy, and consequently on U.S. output and employment.
    It is imperative that the United States continue to provide strong
    leadership in the IMF and to support the IMF's efforts to bring about
    fundamental economic and financial sector reforms in these countries
    that establish the foundation for renewed growth. In consultation with
    Congress, the Administration expects to request a supplemental
    appropriation for 1998 for an increase in the U.S. quota of the IMF and
    for U.S. participation in the New Arrangements to Borrow (NAB) so that
    the IMF remains an effective promoter of international financial
    stability, which is essential to continued U.S. economic growth.

    [[Page 970]]

        Quota Increase.--The International Monetary Fund, established in
    1945, is a multilateral organization of 182 member nations. Its
    functions include: promoting international monetary cooperation and
    exchange rate stability; facilitating the development of the productive
    resources of its members; and, consistent with these objectives,
    providing financial assistance with adequate safeguards to allow members
    to correct prolonged payments imbalances without resort to measures
    harmful to the international monetary system. The IMF is a subscription-
    based institution. Members' quota subscriptions are the primary source
    of the IMF's funding for members seeking to redress the underlying
    causes of severe and prolonged external payments problems. IMF quotas
    have not been increased since 1992.

        The IMF membership completed the Eleventh Review of Quotas in
    September of 1997 and agreed on the need for a 45% overall increase in
    quotas to maintain the IMF's relative influence in relation to the
    growing international capital markets and its ability to respond
    effectively to financial crises. Recent IMF programs to provide crisis
    assistance in Asia have drawn heavily on the Fund's existing quota
    resources, reducing them to relatively low levels. The United States
    urgently needs to provide its share of the IMF's proposed $87 billion
    increase in regular resources so that the IMF can continue to meet
    members' anticipated demands while coping with additional exceptional
    calls under current crisis conditions should they arise.

        In consultation with Congress, the Administration expects to request
    a supplemental appropriation for 1998 amounting to the U.S. dollar
    equivalent of 10,622.5 million Special Drawing Rights, $14.5 billion,
    for an increase in the U.S. quota for the IMF. In accordance with the
    budgetary treatment recommended by the Presidential Commission on
    Budgetary Concepts in 1968 and modified by the Congress in 1980, U.S.
    transactions with the IMF under the quota subscription are monetary
    exchanges which will not be scored as outlays and thus will not increase
    the deficit. This is because the United States receives a liquid,
    interest-bearing claim on the IMF, corresponding to any transfer under
    the U.S. quota subscription to the IMF, and that claim would be backed
    by the IMF's substantial reserves, including its holdings of gold. The
    authority for the discretionary cap adjustment to accommodate the budget
    authority for an appropriation for the quota was obtained in P.L. 105-
    33.

                      Loans to International Monetary Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0074-0-1-155      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......       6,260       6,260       6,260
    24.40 Unobligated balance available, end
            of year: Uninvested.............       6,260       6,260       6,260
    ----------------------------------------------------------------------------

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

        New Arrangements to Borrow.--The New Arrangements to Borrow (NAB),
    proposed by the IMF in 1997, is modeled on the General Arrangements to
    Borrow (GAB), which was established in 1962 by 10 industrial countries
    including the United States. The GAB is a set of individual credit lines
    extended to the IMF by participating countries; these credit lines are
    intended to supplement the IMF's resources when responding to financial
    crises that threaten the stability of the international monetary system.
    The NAB would provide additional resources for such emergencies beyond
    those available under the GAB. IMF lending programs financed from
    credits extended to the IMF under both the GAB and the NAB typically
    require borrowing countries to implement comprehensive market-based
    structural reforms to support the immediate stabilization efforts and
    long-term market opening and transparency.

        In consultation with the Congress, the Administration expects to
    request a 1998 supplemental appropriation amounting to the dollar
    equivalent of 2,462 million Special Drawing Rights, $3.4 billion, to
    cover the United States' share of the proposed NAB. This supplemental
    request would allow the United States to provide its fair share of
    contingent supplementary resources for the IMF for dealing with
    international financial crises of systemic import.

        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 under the
    NAB, as under the GAB, will not be scored as outlays and thus will not
    increase the deficit. This is because the United States would receive a
    liquid, interest-bearing claim on the IMF corresponding to any transfer
    under the NAB to the IMF, and that claim would be backed by the IMF's
    substantial reserves, including its holdings of gold. The authority for
    a discretionary cap adjustment to accommodate the budget authority for
    an appropriation for the NAB was obtained in P.L. 105-33.

       Contribution to the 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. (Additional authorizing legislation required.)

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0005-0-1-155      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................                                   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: Uninvested...          97          71          47
    73.10 New obligations...................                                   7
    73.20 Total outlays (gross).............         -26         -24         -22
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          71          47          32
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from current balances.....          26          24          22
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                   7
    90.00 Outlays...........................          26          24          22
    ---------------------------------------------------------------------------

        The Enhanced Structural Adjustment Facility (ESAF) is an important
    feature of United States' foreign economic policy in the developing
    world. The relatively modest U.S. contribution to the facility helps to
    leverage $15 billion in total concessional lending to developing and
    transitional economies. ESAF promotes strong market-based economic and
    financial

    [[Page 971]]

    reforms, catalyzes other sources of assistance, supports the
    multilateral program for sustainable debt for the most heavily indebted
    poor countries (HIPC), and advances the objectives of the
    Administration's Partnership for Growth and Opportunity in Africa.
    Countries that borrow from ESAF are usually required to adopt strong
    multi-year economic and structural reform programs that foster a
    transition to open, transparent, market-based economic activity. ESAF
    programs advance critical U.S. interests in promoting economic growth,
    financial stability, and the conditions essential to foster open and
    accountable democratic institutions.

        Created by the International Monetary Fund (IMF) in 1987, ESAF
    provides financing on concessional terms to poor countries with
    protracted balance of payments problems. These poor countries, most of
    which are in Africa or were part of the former Soviet Union, generally
    do not have access to private capital flows and are otherwise dependent
    principally upon direct aid flows from official bilateral sources to
    meet their external financing needs. ESAF obtains its resources from
    members of the IMF through loans to the ESAF Trust or through
    contributions to its interest subsidy account. In the late 1980's,
    Congress authorized and appropriated $150 million for the U.S.
    contributions to the initial ESAF interest subsidy account. In 1994 the
    IMF membership agreed to an expanded and enlarged successor ESAF,
    bringing the total amount available for loans to roughly $15 billion.
    The Administration offered to contribute an additional $100 million to
    the interest subsidy account to help support the enlarged loan capacity
    under this expanded ESAF. This $100 million would outlay over a 15-year
    period. The Congress authorized and appropriated $25 million of this
    amount in 1995. There is still $75 million outstanding from this
    commitment.

        The Administration is seeking an appropriation of $7 million for
    1999 to meet part of the remaining $75 million commitment to the
    enlarged ESAF. It is also seeking authorization for this $75 million.

                             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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.00 Reimbursable program..............           1           3           6
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              25.2).........................           1           3           6
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance available,
            start of year: Uninvested.......         194         134         135
    22.00 New budget authority (gross)......           1           3           6
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          17           1           1
    22.40 Capital transfer to general fund..         -77
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         135         138         142
    23.95 New obligations...................          -1          -3          -6
    24.40 Unobligated balance available, end
            of year: Uninvested.............         134         135         136
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Current:

    40.29   Appropriation available in prior
              year..........................           1           3           6
          Permanent:

            Spending authority from
                offsetting collections:
    68.00     Offsetting collections (cash).          89          80          56
    68.27     Capital transfer to general
                fund........................         -89         -80         -56
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total)...................
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................           1           3           6
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...          75          44          20
    73.10 New obligations...................           1           3           6
    73.20 Total outlays (gross).............         -14         -26         -20
    73.45 Adjustments in unexpired accounts.         -17          -1          -1
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...          44          20           6
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new current authority                       3           6
    86.98 Outlays from permanent balances...          14          24          14
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          14          26          20
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....         -89         -80         -56
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         -88         -77         -50
    90.00 Outlays...........................         -75         -54         -36
    ---------------------------------------------------------------------------

        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    1996 actual    1997 actual     1998 est.      1999 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....         269            178           152            158
            Investments in US securities:
    1106      Receivables, net..............          34             25            25             25
    1802  Other Federal assets: Inventories
            and related properties..........         138             99            20              9
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................         441            302           197            192
        LIABILITIES:
    2101  Federal liabilities: Accounts
            payable.........................           1
          Non-Federal liabilities:

    2201    Accounts payable................           1
    2207    Other...........................         239            268           197            192
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         241            268           197            192
        NET POSITION:
    3200  Invested capital..................         200             34
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............         200             34
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position         441            302           197            192
    -----------------------------------------------------------------------------------------------

                                   Trust Funds

                        Foreign Military Sales Trust Fund

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8242-0-7-155      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
        Balance, start of year:
    01.99 Encumbered future receipts, start
            of year.........................     -19,340     -18,111     -17,711
        Receipts:
    02.01 Deposits, advances, foreign
            military sales..................      15,128      13,750      12,550
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...      -4,212      -4,361      -5,161
        Appropriation:
    05.01 Foreign military sales trust fund.     -13,899     -13,350     -11,320
    07.99 Total balance, end of year........     -18,111     -17,711     -16,481
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8242-0-7-155      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Military personnel................          87          83          71
    09.02 Operations and maintenance........         265         255         216

    [[Page 972]]

    09.03 Procurement.......................      11,788      11,393       9,628
    09.04 Research, development, test and
            evaluation......................          21          20          17
    09.05 Special defense acquisition fund..         166          80          56
    09.06 Revolving and management funds....       1,091       1,048         889
    09.07 Construction......................         126         121         103
    09.08 Other.............................         355         350         340
                                               ---------   ---------  ----------
    09.99   Total reimbursable program......      13,899      13,350      11,320
                                               ---------   ---------  ----------
    10.00   Total obligations (object class
              25.3).........................      13,899      13,350      11,320
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......      13,899      13,350      11,320
    23.95 New obligations...................     -13,899     -13,350     -11,320
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
    60.27 Appropriation (trust fund,
            indefinite).....................      15,128      13,750      12,550
    60.49 Portion applied to liquidate
            contract authority..............     -15,128     -13,750     -12,550
                                               ---------   ---------  ----------
    63.00   Appropriation (total)...........
    66.15 Contract authority (indefinite)...      13,899      13,350      11,320
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................      13,899      13,350      11,320
    ----------------------------------------------------------------------------

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

            Obligated balance:
    72.40     Uninvested....................       5,887       5,919       5,909
    72.49     Contract authority............      19,340      18,111      17,711
                                               ---------   ---------  ----------
    72.99     Total unpaid obligations,
                start of year...............      25,227      24,030      23,620
    73.10 New obligations...................      13,899      13,350      11,320
    73.20 Total outlays (gross).............     -15,096     -13,760     -12,550
          Unpaid obligations, end of year:

            Obligated balance:
    74.40     Uninvested....................       5,919       5,909       5,909
    74.49     Contract authority............      18,111      17,711      16,481
                                               ---------   ---------  ----------
    74.99     Total unpaid obligations, end
                of year.....................      24,030      23,620      22,390
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new permanent
            authority.......................       1,736       1,582       1,443
    86.98 Outlays from permanent balances...      13,360      12,178      11,107
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........      15,096      13,760      12,550
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................      13,899      13,350      11,320
    90.00 Outlays...........................      15,096      13,760      12,550
    ---------------------------------------------------------------------------

                Status of Contract Authority (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8242-0-7-155      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    0100  Balance, start of year............      19,340      18,111      17,711
        Contract authority:
    0200  Contract authority................      13,899      13,350      11,320
    0400  Appropriation to liquidate
            contract authority..............     -15,128     -13,750     -12,550
    0700  Balance, end of year..............      18,111      17,711      16,481
    ---------------------------------------------------------------------------

        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):

                             ESTIMATES OF NEW SALES

                                         1997 actual  1998 est.   1999 est.
    Estimates of new orders (sales).....       8,808      10,300      10,700

        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 millions of dollars):

                           FMS TRUST FUND TRANSACTIONS

                                         1997 actual  1998 est.   1999 est.
    Obligations of the fund.............      13,899      13,350      11,320
    Receipts from foreign governments
    (appropriation).....................     -15,128     -13,750     -12,550
                                        ------------------------------------
        Net budget authority............      -1,279        -400      -1,230
                                        ====================================
    Payments from the fund (outlays)....      15,096      13,760      12,550
    Receipts from foreign governments
    (appropriation).....................     -15,128     -13,750     -12,550
                                        ------------------------------------
        Net outlays.....................         -32          10
                                        ====================================

                     Kuwait Civil Reconstruction Trust Fund

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8238-0-7-155      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    06.10 Unobligated balance returned to
            receipts........................                       3
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8238-0-7-155      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

        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      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

        Change in unpaid obligations:
    72.40 Unpaid obligations, start of year:
            Obligated balance: Uninvested...           5           3
    73.20 Total outlays (gross).............          -2          -3
    74.40 Unpaid obligations, end of year:
            Obligated balance: Uninvested...           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
    ---------------------------------------------------------------------------

        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.

    [[Page 973]]

                   Central American Reconciliation Assistance

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1038-0-1-152      1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------

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

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

                          General Fund Receipt Accounts

                               (in millions of dollars)

    ----------------------------------------------------------------------------
                                             1997 actual   1998 est.   1999 est.
    ----------------------------------------------------------------------------
    Offsetting receipts from the public:
      11-146800  Interest on foreign
        military credit sales...............         208         172         137
      11-296800  Repayment of loans, foreign
        military credit sales...............         653         553         391
      72-294100  Dollar repayments of loans,
        Agency for International Development          -1
                                               ---------   ---------  ----------
    General Fund Offsetting receipts from
     the public.............................         860         725         528
    ---------------------------------------------------------------------------

                           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 percent 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. Notwithstanding section 614 of the Foreign Assistance Act
    of 1961, as amended, 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, Anti-terrorism, 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.

                                 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[: Provided, That the exercise of such authority shall be subject
    to the regular notification procedures of the Committees on
    Appropriations].

                       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, [1998] 1999, 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 15 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

    [[Page 974]]

    under this Act: Provided, That the authority of this subsection may not
    be used in fiscal year [1998] 1999.

                              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, the Democratic Republic of Congo, and
    Liberia, 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. (a) For the purposes 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'', ``Development Assistance'', ``Development Credit Authority'',
    ``International organizations and programs'', ``Trade and Development
    Agency'', ``International narcotics control'', ``Narcotics
    Interdiction'', ``Assistance for Eastern Europe and the Baltic States'',
    ``Assistance for the New Independent States 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'', ``Foreign Military Financing Program'',
    ``International military education and training'', ``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 15 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 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 percent in excess of the quantities justified to
    Congress unless the Committees on Appropriations are notified 15 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 percent 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
    that waiving such requirement is in 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.
        (b) 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

    [[Page 975]]

    because of the implementation of this section or any similar provision
    of law, shall remain available for obligation through September 30,
    [1999] 2000.

                  [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.

                             [Reporting Requirement]

        [Sec. 519. Section 25 of the Arms Export Control Act is amended--
            (1) in subsection (a), by striking ``Congress'' and inserting in
        lieu thereof ``appropriate congressional committees'';
            (2) in subsection (b), by striking ``the Committee on Foreign
        Relations of the Senate or the Committee on Foreign Affairs of the
        House of Representatives'' and inserting in lieu thereof ``any of
        the congressional committees described in subsection (e)''; and
            (3) by adding the following subsection:
        ``(e) As used in 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.''.]

                       [Special Notification Requirements]

        [Sec. 520. None of the funds appropriated in this Act shall be
    obligated or expended for Colombia, Haiti, Liberia, Pakistan, Panama,
    Peru, Serbia, Sudan, or the Democratic Republic of Congo except as
    provided through the regular notification procedures of the Committees
    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: Economic 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 30 days of enactment of this Act, as required by
    section 653(a) of the Foreign Assistance Act of 1961.

                   Child Survival, Aids, and Other Activities

        Sec. [522] 517. Up to $10,000,000 of the funds made available by
    this Act for assistance for family planning, health, child survival,
    basic education, 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, and basic education
    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 United States.

                               Reciprocal Leasing

        Sec. [524] 519. Section 61(a) of the Arms Export Control Act is
    amended by striking out [``1997''] ``1998'' and inserting in lieu
    thereof [``1998''] ``1999''.

                   [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.]

             Excess Defense Equipment for Central European Countries

        Sec. 520. Section 105 of P.L. 104-164 (110 Stat 1427) is amended by
    striking ``1996 and 1997'' and inserting, ``1999 and 2000''.

                           [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. (a) Notwithstanding any other provision of law, funds]
    521. (a) 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 15 days before the
    waiver takes effect, shall notify the Committees on Appropriations of
    the waiver (including the justification for the waiver) in accordance
    with the regular notification procedures of the Committees on
    Appropriations.

    [[Page 976]]

                     Commercial Leasing of Defense Articles

        Sec. [528] 522. 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. 529. 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. 530. 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. [531] 523. 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. 532. (a) Separate Accounts for Local Currencies.--(1) If
    assistance is furnished to the government of a foreign country under
    chapter 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 chapter 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 chapter 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 chapter 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 least 15 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
                             Financial Institutions

        Sec. [533] 524. (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, and the European Bank for Reconstruction and
    Development.

              Compliance With United Nations Sanctions Against Iraq

        Sec. [534] 525. 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 assistance to any country that is not in
    compliance with the United Nations Security Council sanctions against
    Iraq 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

    [[Page 977]]

            (3) the assistance to be provided will be humanitarian
        assistance for foreign nationals who have fled Iraq and Kuwait.

                Competitive Pricing for Sales of Defense Articles

        Sec. [535] 526. 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.

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

        [Sec. 536. Title III of Public Law 103-306 is amended under the
    heading ``Special Defense Acquisition Fund'' by striking ``1998'' and
    inserting ``2000''.]

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

        Sec. [537] 527. 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 Corps
    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] 528. None of the funds appropriated by this Act may be
    obligated or expended to provide--
            (1) 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;
            (2) 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
            (3) 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.

                               Special Authorities

        Sec. [539] 529. (a) Funds appropriated in title II of this Act that
    are made available for Afghanistan, Lebanon, programs to support
    democratization, 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.
        (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) 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.
        (d)(1) Waiver.--The President may waive the provisions of section
    1003 of Public Law 100-204 if the President determines and certifies in
    writing to the Speaker of the House of Representatives and the President
    pro tempore of the Senate that it is important to the national security
    interests of the United States.
        (2) Period of Application of Waiver.--Any waiver pursuant to
    paragraph (1) shall be effective for no more than a period of six months
    at a time and shall not apply beyond twelve months after enactment of
    this Act.
        (e) During fiscal year 1999, the President may use up to $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.

            [Policy on Terminating the Arab League Boycott of Israel]

        [Sec. 540. 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;
            (2) the decision by the Arab League in 1997 to reinstate the
        boycott against Israel was deeply troubling and disappointing;
            (3) the Arab League should immediately rescind its decision on
        the boycott and its members should develop normal relations with
        their neighbor Israel; and
            (4) 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 country;
                (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 to expand the process of normalizing ties between
            Arab League countries and 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. [541] 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. [542] 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, 10, and 11 of part I, and chapter 4 of part II, of the Foreign
    Assistance Act of 1961, and the Support for East European Democracy Act
    of 1989: 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: 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

    [[Page 978]]

    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 [1998] 1999, 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] the government of a country that violates
        internationally recognized human rights.

                                    Earmarks

        Sec. [543] 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 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. [544] 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. [545] 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 $500,000 may be made available
    to carry out the provisions of section 316 of Public Law 96-533].

                Purchase of American-Made Equipment and Products

        Sec. [546] 535. [(a)] To the maximum extent possible, assistance
    provided under this Act should make full use of American resources,
    including commodities, products, and services.
        [(b) 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.]
        [(c) 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 (b) by the Congress.]

               [Prohibition of Payments to United Nations Members]

        [Sec. 547. 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. 548. 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. 549. 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. 550. (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 October 1, 1997.]
        [(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 estimated
    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. 551. (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. 552. 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

    [[Page 979]]

    Act may not be obligated for assistance for the Palestine Liberation
    Organization for the West Bank and Gaza.]

                          War Crimes Tribunals Drawdown

        Sec. [553] 536. 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. [554] 537. 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 clearance of landmines
    and unexploded ordnance for humanitarian purposes may be disposed of on
    a grant basis in foreign countries, subject to such terms and conditions
    as the President may prescribe[: Provided, That not later than 90 days
    after the enactment of this Act, the Secretary of Defense, in
    consultation with the Secretary of State, shall submit a report to the
    Committees on Appropriations describing potential alternative
    technologies or tactics and a plan for the development of such
    alternatives to protect anti-tank mines from tampering in a manner
    consistent with the ``Convention on the Prohibition, Use, Stockpiling,
    Production and Transfer of Anti-personnel Mines and on Their
    Destruction''].

               [Restrictions Concerning the Palestinian Authority]

        [Sec. 555. 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. [556] 538. 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.

                         [Equitable Allocation of Funds]

        [Sec. 557. Not more than 18 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.]

                       Special Debt Relief for the Poorest

        Sec. [558] 539. (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;
            (2) credits extended or guarantees issued under the Arms Export
        Control Act; or
            (3) any obligation or portion of such obligation for a Latin
        American country, to pay for purchases of United States agricultural
        commodities guaranteed by the Commodity Credit Corporation under
        export credit guarantee programs authorized pursuant to section 5(f)
        of the Commodity Credit Corporation Charter Act of June 29, 1948, as
        amended, section 4(b) of the Food for Peace Act of 1966, as amended
        (Public Law 89-808), or section 202 of the Agricultural Trade Act of
        1978, as amended (Public Law 95-501).
        (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. [559] 540. (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 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, 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 develop-

    [[Page 980]]

            ment, 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''.

                     [International Financial Institutions]

        [Sec. 560. (a) Authorizations.--The Secretary of the Treasury may,
    to fulfill commitments of the United States: (1) effect the United
    States participation in the first general capital increase of the
    European Bank for Reconstruction and Development, subscribe to and make
    payment for 100,000 additional shares of the capital stock of the Bank
    on behalf of the United States; and (2) contribute on behalf of the
    United States to the eleventh replenishment of the resources of the
    International Development Association, to the sixth replenishment of the
    resources of the Asian Development Fund, a special fund of the Asian
    Development Bank. The following amounts are authorized to be
    appropriated without fiscal year limitation for payment by the Secretary
    of the Treasury: (1) $285,772,500 for paid-in capital, and $984,327,500
    for callable capital of the European Bank for Reconstruction and
    Development; (2) $1,600,000,000 for the International Development
    Association; (3) $400,000,000 for the Asian Development Fund; and (4)
    $76,832,001 for paid-in capital, and $4,511,156,729 for callable capital
    of the Inter-American Development Bank in connection with the eighth
    general increase in the resources of that Bank. Each such subscription
    or contribution shall be subject to obtaining the necessary
    appropriations.]
        [(b) Consideration of Environmental Impact of International Finance
    Corporation Loans.--Section 1307 of the International Financial
    Institutions Act (Public Law 95-118) is amended as follows:
            (1) in subsection (a)(1)(A) strike ``borrowing country'' and
        insert in lieu thereof ``borrower'';
            (2) in subsection (a)(2)(A) strike ``country''; and
            (3) at the end of section 1307, add a new subsection as follows:
            ``(g) For purposes of this section, the term `multilateral
        development bank' means any of the institutions named in section
        1303(b) of this Act, and the International Finance Corporation.''.]
        [(c) The Secretary of the Treasury shall instruct the United States
    Executive Directors of the International Bank for Reconstruction and
    Development and the International Development Association to use the
    voice and vote of the United States to strongly encourage their
    respective institutions to--
            (1) provide timely public information on procurement
        opportunities available to United States suppliers, with a special
        emphasis on small business; and
            (2) systematically consult with local communities on the
        potential impact of loans as part of the normal lending process, and
        expand the participation of affected peoples and nongovernmental
        organizations in decisions on the selection, design and
        implementation of policies and projects.]

               Sanctions Against Countries Harboring War Criminals

        Sec. [561] 541. (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 Rwanda, the International Criminal Tribunal for the former
        Yugoslavia, 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.

                      [Limitation on Assistance for Haiti]

        [Sec. 562. (a) Limitation.--None of the funds appropriated or
    otherwise made available by this Act may be provided to the Government
    of Haiti unless the President reports to Congress that the Government of
    Haiti--
            (1) is conducting thorough investigations of extrajudicial and
        political killings;
            (2) is cooperating with United States authorities in the
        investigations of political and extrajudicial killings;
            (3) has substantially completed privatization of (or placed
        under long-term private management or concession) at least three
        major public enterprises; and
            (4) has taken action to remove from the Haitian National Police,
        national palace and residential guard, ministerial guard, and any
        other public security entity of Haiti those individuals who are
        credibly alleged to have engaged in or conspired to conceal gross
        violations of internationally recognized human rights.]
        [(b) Exceptions.--The limitation in subsection (a) does not apply to
    the provision of humanitarian, electoral, counter-narcotics, or law
    enforcement assistance.]
        [(c) Waiver.--The President may waive the requirements of this
    section on a semiannual basis if the President determines and certifies
    to the appropriate committees of Congress that such waiver is in the
    national interest of the United States.]
        [(d) Parastatals Defined.--As used in this section, the term
    ``parastatal'' means a government-owned enterprise.]

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

        [Sec. 563. (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 1997.]
    [(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)).]

    [[Page 981]]

      [Restrictions on Voluntary Contributions to United Nations Agencies]

        [Sec. 564. (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.]

                             [Assistance to Turkey]

        [Sec. 565. (a) Not more than $40,000,000 of the funds appropriated
    in this Act under the heading ``Economic Support Fund'' may be made
    available for Turkey.]
        [(b) Of the funds made available under the heading ``Economic
    Support Fund'' for Turkey, not less than 50 percent of these funds shall
    be made available for the purpose of supporting private nongovernmental
    organizations engaged in strengthening democratic institutions in
    Turkey, providing economic assistance for individuals and communities
    affected by civil unrest, and supporting and promoting peaceful
    solutions and economic development which will contribute to the
    settlement of regional problems in Turkey.]

    Limitation on Assistance to the Palestinian Authority or the Palestinian
                             Liberation Organization

        Sec. [566] 542. (a) Prohibition of Funds.--None 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 may be obligated or
    expended with respect to providing funds to the Palestinian Authority or
    the Palestinian Liberation Organization.
        (b) Waiver.--The prohibition included in subsection (a) shall not
    apply if the President certifies in writing to the Speaker of the House
    of Representatives and the President pro tempore of the Senate that
    waiving such prohibition is important to the national security interests
    of the United States.
        (c) Period of Application of Waiver.--Any waiver pursuant to
    subsection (b) shall be effective for no more than a period of six
    months at a time and shall not apply beyond twelve months after
    enactment of this Act.

             [Limitation on Assistance to the Government of Croatia]

        [Sec. 567. None of the funds appropriated or otherwise made
    available by title II of this Act may be made available to the
    Government of Croatia to relocate the remains of Croatian Ustashe
    soldiers, at the site of the World War II concentration camp at
    Jasenovac, Croatia.]

                              [Burma Labor Report]

        [Sec. 568. Not later than 120 days after enactment of this Act, the
    Secretary of Labor in consultation with the Secretary of State shall
    provide to the Committees on Appropriations a report addressing labor
    practices in Burma.]

                                      Haiti

        Sec. [569] 543. 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.

                  [Limitation on Assistance to Security Forces]

        [Sec. 570. None of the funds made available by this Act may be
    provided to any unit of the security forces of a foreign country if the
    Secretary of State has credible evidence that such unit has committed
    gross violations of human rights, unless the Secretary determines and
    reports to the Committees on Appropriations that the government of such
    country is taking effective measures to bring the responsible members of
    the security forces unit to justice: Provided, That nothing in this
    section shall be construed to withhold funds made available by this Act
    from any unit of the security forces of a foreign country not credibly
    alleged to be involved in gross violations of human rights: Provided
    further, That in the event that funds are withheld from any unit
    pursuant to this section, the Secretary of State shall promptly inform
    the foreign government of the basis for such action and shall, to the
    maximum extent practicable, assist the foreign government in taking
    effective measures to bring the responsible members of the security
    forces to justice.]

          [Limitations on Transfer of Military Equipment to East Timor]

        [Sec. 571. In any agreement for the sale, transfer, or licensing of
    any lethal equipment or helicopter for Indonesia entered into by the
    United States pursuant to the authority of this Act or any other Act,
    the agreement shall state that the United States expects that the items
    will not be used in East Timor: Provided, That nothing in this section
    shall be construed to limit Indonesia's inherent right to legitimate
    national self-defense as recognized under the United Nations Charter and
    international law.]

                            [Transparency of Budgets]

        [Sec. 572. (a) Section 576(a)(1) of the Foreign Operations, Export
    Financing, and Related Programs Appropriations Act, 1997, as contained
    in Public Law 104-208, is amended to read as follows:
            ``(1) does not have in place a functioning system for reporting
        to civilian authorities audits of receipts and expenditures that
        fund activities of the armed forces and security forces;''. (b)
        Section 576(a)(2) of the Foreign Operations, Export Financing, and
        Related Programs Appropriations Act, 1997, as contained in Public
        Law 104-208, is amended to read as follows:
            ``(2) has not provided to the institution information about the
        audit process requested by the institution.''.]

    [Restrictions on Assistance to Countries Providing Sanctuary to Indicted
                                 War Criminals]

        [Sec. 573. (a) Bilateral Assistance.--None of the funds made
    available by this or any prior Act making appropriations for foreign
    operations, export financing and related programs, may be provided for
    any country, entity or canton described in subsection (d).]
        [(b) Multilateral Assistance.--
            (1) Prohibition.--The Secretary of the Treasury shall 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 any financial or technical
        assistance or grants of any kind to any country or entity described
        in subsection (d).
            (2) Notification.--Not less than 15 days before any vote in an
        international financial institution regarding the extension of
        financial or technical assistance or grants to any country or entity
        described in subsection (d), the Secretary of the Treasury, in
        consultation with the Secretary of State, shall provide to the
        Committee on Appropriations and the Committee on Foreign Relations
        of the Senate and the Committee on Appropriations and the Committee
        on Banking and Financial Services of the House of Representatives a
        written justification for the proposed assistance, including an
        explanation of the United States position regarding any such vote,
        as well as a description of the location of the proposed assistance
        by municipality, its purpose, and its intended beneficiaries.
            (3) Definition.--The term ``international financial
        institution'' includes the International Monetary Fund, the
        International Bank for Reconstruction and Development, the
        International Development Association, the International Finance
        Corporation, the Multilateral Investment Guaranty Agency, and the
        European Bank for Reconstruction and Development.]
        [(c) Exceptions.--
            (1) In general.--Subject to paragraph (2), subsections (a) and
        (b) shall not apply to the provision of--
                (A) humanitarian assistance;

    [[Page 982]]

                (B) democratization assistance;
                (C) assistance for cross border physical infrastructure
            projects involving activities in both a sanctioned country,
            entity, or canton and a nonsanctioned contiguous country,
            entity, or canton, if the project is primarily located in and
            primarily benefits the nonsanctioned country, entity, or canton
            and if the portion of the project located in the sanctioned
            country, entity, or canton is necessary only to complete the
            project;
                (D) small-scale assistance projects or activities requested
            by United States Armed Forces that promote good relations
            between such forces and the officials and citizens of the areas
            in the United States SFOR sector of Bosnia;
                (E) implementation of the Brcko Arbitral Decision;
                (F) lending by the international financial institutions to a
            country or entity to support common monetary and fiscal policies
            at the national level as contemplated by the Dayton Agreement;
            or
                (G) direct lending to a non-sanctioned entity, or lending
            passed on by the national government to a non-sanctioned entity.
            (2) Further limitations.--Notwithstanding paragraph (1)--
                (A) no assistance may be made available by this Act, or any
            prior Act making appropriations for foreign operations, export
            financing and related programs, in any country, entity, or
            canton described in subsection (d), for a program, project, or
            activity in which a publicly indicted war criminal is known to
            have any financial or material interest; and
                (B) no assistance (other than emergency foods or medical
            assistance or demining assistance) may be made available by this
            Act, or any prior Act making appropriations for foreign
            operations, export financing and related programs for any
            program, project, or activity in a community within any country,
            entity or canton described in subsection (d) if competent
            authorities within that community are not complying with the
            provisions of Article IX and Annex 4, Article II, paragraph 8 of
            the Dayton Agreement relating to war crimes and the Tribunal.]
        [(d) Sanctioned Country, Entity, or Canton.--A sanctioned country,
    entity, or canton described in this section is one whose competent
    authorities have failed, as determined by the Secretary of State, to
    take necessary and significant steps to apprehend and transfer to the
    Tribunal all persons who have been publicly indicted by the Tribunal.]
        [(e) Waiver.--
            (1) In general.--The Secretary of State may waive the
        application of subsection (a) or subsection (b) with respect to
        specified bilateral programs or international financial institution
        projects or programs in a sanctioned country, entity, or canton upon
        providing a written determination to the Committee on Appropriations
        and the Committee on Foreign Relations of the Senate and the
        Committee on Appropriations and the Committee on International
        Relations of the House of Representatives that such assistance
        directly supports the implementation of the Dayton Agreement and its
        Annexes, which include the obligation to apprehend and transfer
        indicted war criminals to the Tribunal.
            (2) Report.--Not later than 15 days after the date of any
        written determination under paragraph (e)(1), the Secretary of State
        shall submit a report to the Committee on Appropriations and the
        Committee on Foreign Relations of the Senate and the Committee on
        Appropriations and the Committee on International Relations of the
        House of Representatives regarding the status of efforts to secure
        the voluntary surrender or apprehension and transfer of persons
        indicted by the Tribunal, in accordance with the Dayton Agreement,
        and outlining obstacles to achieving this goal.
            (3) Assistance programs and projects affected.--Any waiver made
        pursuant to this subsection shall be effective only with respect to
        a specified bilateral program or multilateral assistance project or
        program identified in the determination of the Secretary of State to
        Congress.]
        [(f) Termination of Sanctions.--The sanctions imposed pursuant to
    subsections (a) and (b) with respect to a country or entity shall cease
    to apply only if the Secretary of State determines and certifies to
    Congress that the authorities of that country, entity, or canton have
    apprehended and transferred to the Tribunal all persons who have been
    publicly indicted by the Tribunal.]
        [(g) Definitions.--As used in this section--
            (1) Country.--The term ``country'' means Bosnia-Herzegovina,
        Croatia, and Serbia-Montenegro (Federal Republic of Yugoslavia).
            (2) Entity.--The term ``entity'' refers to the Federation of
        Bosnia and Herzegovina and the Republika Srpska.
            (3) Canton.--The term ``canton'' means the administrative units
        in Bosnia and Herzegovina.
            (4) Dayton agreement.--The term ``Dayton Agreement'' means the
        General Framework Agreement for Peace in Bosnia and Herzegovina,
        together with annexes relating thereto, done at Dayton, November 10
        through 16, 1995.
            (5) Tribunal.--The term ``Tribunal'' means the International
        Criminal Tribunal for the Former Yugoslavia.]
        [(h) Role of Human Rights Organizations and Government Agencies.--In
    carrying out this subsection, the Secretary of State, the Administrator
    of the Agency for International Development, and the executive directors
    of the international financial institutions shall consult with
    representatives of human rights organizations and all government
    agencies with relevant information to help prevent publicly indicted war
    criminals from benefitting from any financial or technical assistance or
    grants provided to any country or entity described in subsection (d).]

                 [Extension of Certain Adjudication Provisions]

        [Sec. 574. 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 1997'' and
            inserting ``1997, and 1998''; and
                (B) in subsection (e), by striking ``October 1, 1997'' each
            place it appears and inserting ``October 1, 1998''; and
            (2) in section 599E (8 U.S.C. 1255 note) in subsection (b)(2),
        by striking ``September 30, 1997'' and inserting ``September 30,
        1998''.]

    Additional Requirements Relating to Stockpiling of Defense articles for
                                Foreign Countries

        Sec. [575] 544. (a) Value of Additions to Stockpiles.--Section
    514(b)(2)(A) of the Foreign Assistance Act of 1961 (22 U.S.C.
    2321h(b)(2)(A)) is amended by inserting before the period at the end the
    following: ``and [$60,000,000 for fiscal year 1998''] $340,000,000 for
    fiscal year 1999''.
        (b) Requirements Relating to the Republic of Korea and Thailand.--
    Section 514(b)(2)(B) of such Act (22 U.S.C. 2321h(b)(2)(B)) is amended
    by adding at the end the following: ``Of the amount specified in
    subparagraph (A) for fiscal year [1998, not more than $40,000,000] 1999,
    not more than $320,000,000 may be made available for stockpiles in the
    Republic of Korea and not more than $20,000,000 may be made available
    for stockpiles in Thailand.''.

          [Delivery of Drawdown by Commercial Transportation Services]

        [Sec. 576. Section 506 of the Foreign Assistance Act of 1961 (22
    U.S.C. 2318) is amended--
            (1) in subsection (b)(2), by striking the period and inserting
        the following: ``, including providing the Congress with a report
        detailing all defense articles, defense services, and military
        education and training delivered to the recipient country or
        international organization upon delivery of such articles or upon
        completion of such services or education and training. Such report
        shall also include whether any savings were realized by utilizing
        commercial transport services rather than acquiring those services
        from United States Government transport assets.'';
            (2) by redesignating subsection (c) as subsection (d); and
            (3) by inserting after subsection (b) the following:
                ``(c) For the purposes of any provision of law that
            authorizes the drawdown of defense or other articles or
            commodities, or defense or other services from an agency of the
            United States Government, such drawdown may include the supply
            of commercial transportation and related services that are
            acquired by contract for the purposes of the drawdown in
            question if the cost to acquire such commercial transportation
            and related services is less than the cost to the United States
            Government of providing such services from existing agency
            assets.''.]

     [To Prohibit Foreign Assistance to the Government of Russia Should It
       Implement Laws Which Would Discriminate Against Minority Religious
                        Faiths in the Russian Federation]

        [Sec. 577. (a) None of the funds appropriated under this Act may be
    made available for the Government of the Russian Federation

    [[Page 983]]

    unless within 30 days of the date this section becomes effective the
    President determines and certifies in writing to the Committees on
    Appropriations and the Committee on Foreign Relations of the Senate and
    the Committee on International Relations of the House of Representatives
    that the Government of the Russian Federation has implemented no
    statute, executive order, regulation or similar government action that
    would discriminate, or would have as its principal effect
    discrimination, against religious groups or religious communities in the
    Russian Federation in violation of accepted international agreements on
    human rights and religious freedoms to which the Russian Federation is a
    party.]
        [(b) This section shall become effective 150 days after the
    enactment of this Act.]

       [United States Policy Regarding Support for Countries of the South
                           Caucasus and Central Asia]

        [Sec. 578. (a) Findings.--Congress makes the following findings:
            (1) The ancient Silk Road, once the economic lifeline of Central
        Asia and the South Caucasus, traversed much of the territory now
        within the countries of Armenia, Azerbaijan, Georgia, Kazakstan,
        Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.
            (2) Economic interdependence spurred mutual cooperation among
        the peoples along the Silk Road and restoration of the historic
        relationships and economic ties between those peoples is an
        important element of ensuring their sovereignty as well as the
        success of democratic and market reforms.
            (3) The development of strong political and economic ties
        between countries of the South Caucasus and Central Asia and the
        West will foster stability in the region.
            (4) The development of open market economies and open democratic
        systems in the countries of the South Caucasus and Central Asia will
        provide positive incentives for international private investment,
        increased trade, and other forms of commercial interactions with the
        rest of the world.
            (5) The Caspian Sea Basin, overlapping the territory of the
        countries of the South Caucasus and Central Asia, contains proven
        oil and gas reserves that may exceed $4,000,000,000,000 in value.
            (6) The region of the South Caucasus and Central Asia will
        produce oil and gas in sufficient quantities to reduce the
        dependence of the United States on energy from the volatile Persian
        Gulf region.
            (7) United States foreign policy and international assistance
        should be narrowly targeted to support the economic and political
        independence of the countries of the South Caucasus and Central
        Asia.]
        [(b) General.--The policy of the United States in the countries of
    the South Caucasus and Central Asia should be--
            (1) to promote sovereignty and independence with democratic
        government;
            (2) to assist actively in the resolution of regional conflicts;
            (3) to promote friendly relations and economic cooperation;
            (4) to help promote market-oriented principles and practices;
            (5) to assist in the development of infrastructure necessary for
        communications, transportation, and energy and trade on an East-West
        axis in order to build strong international relations and commerce
        between those countries and the stable, democratic, and market-
        oriented countries of the Euro-Atlantic Community; and
            (6) to support United States business interests and investments
        in the region.]
        [(c) Definition.--In this section, the term ``countries of the South
    Caucasus and Central Asia'' means Armenia, Azerbaijan, Georgia,
    Kazakstan, Kyrgystan, Tajikistan, Turkmenistan, and Uzbekistan.]

                                    Pakistan

        [Sec. 579. (a) OPIC.--Section 239(f) of the Foreign Assistance Act
    of 1961 (22 U.S.C. 2199(f)) is amended by inserting ``, or Pakistan''
    after ``China''.]
        [(b) Trade and Development.--It is the sense of Congress that the
    Director of the Trade and Development Agency should use funds made
    available to carry out the provisions of section 661 of the Foreign
    Assistance Act of 1961 (22 U.S.C. 2421) to promote United States exports
    to Pakistan.]
        Sec. 545. Section 638(b) of the Foreign Assistance Act of 1961 (22
    U.S.C. 2398(b)) is amended (1) by inserting ``or any activity to promote
    the development of democratic institutions'' after ``activity''; and (2)
    by inserting ``, Pakistan,'' after ``Brazil''.

    [Requirements for the Reporting to Congress of the Costs to the Federal
     Government Associated with the Proposed Agreement to Reduce Greenhouse
                                 Gas Emissions]

        [Sec. 580. The President shall provide to the Congress a detailed
    account of all Federal agency obligations and expenditures for climate
    change programs and activities, domestic and international, for fiscal
    year 1997, planned obligations for such activities in fiscal year 1998,
    and any plan for programs thereafter in the context of negotiations to
    amend the Framework Convention on Climate Change (FCCC) to be provided
    to the appropriate congressional committees no later than November 15,
    1997.]

               [Authority To Issue Insurance and Extend Financing]

        [Sec. 581. (a) In General.--Section 235(a) of the Foreign Assistance
    Act of 1961 (22 U.S.C. 2195(a)) is amended--
            (1) by striking paragraphs (1) and (2)(A) and inserting the
        following:
                ``(1) Insurance and financing.--(A) The maximum contingent
            liability outstanding at any one time pursuant to insurance
            issued under section 234(a), and the amount of financing issued
            under sections 234(b) and (c), shall not exceed in the aggregate
            $29,000,000,000.'';
            (2) by redesignating paragraph (3) as paragraph (2); and
            (3) by amending paragraph (2) (as so redesignated) by striking
        ``September 30, 1997'' and inserting ``September 30, 1999''.]
        [(b) Conforming Amendment.--Paragraph (2) of section 235(a) of that
    Act (22 U.S.C. 2195(a)), as redesignated by subsection (a), is further
    amended by striking ``(a) and (b)'' and inserting ``(a), (b), and
    (c)''.]

     Withholding Assistance to Countries Violating United Nations Sanctions
                                  Against Libya

        Sec. [582. (a)] 546. Withholding of Assistance.--Except as provided
    in subsection (b), whenever the President determines and certifies to
    Congress that the government of any country is violating any sanction
    against Libya imposed pursuant to United Nations Security Council
    Resolution 731, 748, or 883, then not less than 5 percent of the funds
    allocated for the country under section 653(a) of the Foreign Assistance
    Act of 1961 out of appropriations in this Act shall be withheld from
    obligation and expenditure for that country.
        (b) Exception.--The requirement to withhold funds under subsection
    (a) shall not apply to funds appropriated in this Act for allocation
    under section 653(a) of the Foreign Assistance Act of 1961 for
    development assistance or for humanitarian assistance.
        (c) Waiver.--Funds may be provided for a country without regard to
    subsection (a) if the President determines that to do so is in the
    national security interest of the United States.

                            [War Crimes Prosecution]

        [Sec. 583. Section 2401 of title 18, United States Code (Public Law
    104-192; the War Crimes Act of 1996) is amended as follows--
            (1) in subsection (a), by striking ``grave breach of the Geneva
        Conventions'' and inserting ``war crime'';
            (2) in subsection (b), by striking ``breach'' each place it
        appears and inserting ``war crime''; and
            (3) so that subsection (c) reads as follows:
        ``(c) Definition.--As used in this section the term `war crime'
    means any conduct--
            ``(1) defined as a grave breach in any of the international
        conventions signed at Geneva 12 August 1949, or any protocol to such
        convention to which the United States is a party;
            ``(2) prohibited by Article 23, 25, 27, or 28 of the Annex to
        the Hague Convention IV, Respecting the Laws and Customs of War on
        Land, signed 18 October 1907;

            ``(3) which constitutes a violation of common Article 3 of the
        international conventions signed at Geneva, 12 August 1949, or any
        protocol to such convention to which the United States is a party
        and which deals with non-international armed conflict; or
            ``(4) of a person who, in relation to an armed conflict and
        contrary to the provisions of the Protocol on Prohibitions or
        Restrictions on the Use of Mines, Booby-Traps and Other Devices as
        amended at Geneva on 3 May 1996 (Protocol II as amended on 3 May
        1996), when the United States is a party to such Protocol, willfully
        kills or causes serious injury to civilians.''.]

    [[Page 984]]

       [International Military Education and Training Programs for Latin
                                    America]

        [Sec. 584. (a) Expanded IMET.--The Secretary of Defense, in
    consultation with the Secretary of State, should make every effort to
    ensure that approximately 30 percent of the funds appropriated in this
    Act for ``International Military Education and Training'' for the cost
    of Latin American participants in IMET programs will be disbursed for
    the purpose of supporting enrollment of such participants in expanded
    IMET courses.]
        [(b) Civilian Participation.--The Secretary of State, in
    consultation with the Secretary of Defense, should identify sufficient
    numbers of qualified, non-military personnel from countries in Latin
    America so that approximately 25 percent of the total number of
    individuals from Latin American countries attending United States
    supported IMET programs and the Center for Hemispheric Defense Studies
    at the National Defense University are civilians.]
        [(c) Report.--Not later than twelve months after the date of
    enactment of this Act, the Secretary of Defense, in consultation with
    the Secretary of State, shall report in writing to the appropriate
    committees of the Congress on the progress made to improve military
    training of Latin American participants in the areas of human rights and
    civilian control of the military. The Secretary shall include in the
    report plans for implementing additional expanded IMET programs for
    Latin America during the next three fiscal years.]

           [Aid to the Government of the Democratic Republic of Congo]

        [Sec. 585. None of the funds appropriated or otherwise made
    available by this Act may be provided to the central Government of the
    Democratic Republic of Congo until such time as the President reports in
    writing to the Congress that the central Government of the Democratic
    Republic of Congo is cooperating fully with investigators from the
    United Nations in accounting for human rights violations committed in
    the Democratic Republic of Congo or adjacent countries.]

                        [Assistance for the Middle East]

        [Sec. 586. Of the funds appropriated by this Act under the headings
    ``Economic Support Fund'', ``Foreign Military Financing'',
    ``International Military Education and Training'', ``Peacekeeping
    Operations'', for refugees resettling in Israel under the heading
    ``Migration and Refugee Assistance'', and for assistance for Israel to
    carry out provisions of chapter 8 of part II of the Foreign Assistance
    Act of 1961 under the heading ``Nonproliferation, Anti-Terrorism,
    Demining, and Related Programs'', not more than a total of
    $5,402,850,000 may be made available for Israel, Egypt, Jordan, Lebanon,
    the West Bank and Gaza, the Israel-Lebanon Monitoring Group, the
    Multinational Force and Observers, the Middle East Regional Democracy
    Fund, Middle East Regional Cooperation, and Middle East Multilateral
    Working Groups: Provided, That any funds that were appropriated under
    such headings in prior fiscal years and that were at the time of
    enactment of this Act obligated or allocated for other recipients may
    not during fiscal year 1998 be made available for activities that, if
    funded under this Act, would be required to count against this ceiling:
    Provided further, That funds may be made available notwithstanding the
    requirements of this section if the President determines and certifies
    to the Committees on Appropriations that it is important to the national
    security interest of the United States to do so and any such additional
    funds shall only be provided through the regular notification procedures
    of the Committees on Appropriations.]

                                  [Agriculture]

        [Sec. 587. The first proviso of subsection (k) under the heading
    ``Assistance for the New Independent States of the Former Soviet Union''
    in the Foreign Operations, Export Financing, and Related Programs
    Appropriations Act, 1997, as contained in Public Law 104-208, is amended
    by striking ``not less than'' and inserting in lieu thereof ``up to''.]

                         [Enterprise Fund Restrictions]

        [Sec. 588. Section 201(l) of the Support for East European Democracy
    Act (22 U.S.C. 5421(l)) is amended to read as follows:
        ``(l) Limitation on Payments to Enterprise Fund Personnel.--
            ``(1) No part of the funds of an Enterprise Fund shall inure to
        the benefit of any board member, officer, or employee of such
        Enterprise Fund, except as salary or reasonable compensation for
        services subject to paragraph (2).
            ``(2) An Enterprise Fund shall not pay compensation for services
        to--
                ``(A) any board member of the Enterprise Fund, except for
            services as a board member; or
                ``(B) any firm, association, or entity in which a board
            member of the Enterprise Fund serves as partner, director,
            officer, or employee.
            ``(3) Nothing in paragraph (2) shall preclude payment for
        services performed before the date of enactment of this subsection
        nor for arrangements approved by the grantor and notified in writing
        to the Committees on Appropriations.''.]

                                   [Cambodia]

        [Sec. 589. The Secretary of the Treasury should instruct the United
    States executive directors of the international financial institutions
    to use the voice and vote of the United States to oppose loans to the
    Government of Cambodia, except loans to support basic human needs.]

                      Export Financing Transfer Authorities

        Sec. [590] 547. Not to exceed 5 percent of any appropriation other
    than for administrative expenses made available for fiscal year [1998]
    1999 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.

                         [Development Credit Authority]

        [Sec. 591. 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 the Foreign Assistance Act of
    1961, up to $7,500,000, which amount may be derived by transfer from
    funds appropriated by this Act to carry out part I of the Foreign
    Assistance Act of 1961 and funds appropriated by this Act under the
    heading ``Assistance for Eastern Europe and the Baltic States'', to
    remain available until expended: Provided, That up to $500,000 of the
    funds appropriated by this Act under the heading ``Operating Expenses of
    the Agency for International Development'' may be made available for
    administrative expenses to carry out such programs: Provided further,
    That the provisions of section 107A(d) (relating to general provisions
    applicable to development credit authority) of the Foreign Assistance
    Act of 1961, as added by section 306 of H.R. 1486 as reported by the
    House Committee on International Relations on May 9, 1997, shall be
    applicable to direct loans and loan guarantees provided under this
    paragraph: Provided further, That direct loans or loan guarantees under
    this paragraph may not be provided until the Director of the Office of
    Management and Budget has certified to the Committees on Appropriations
    that the Agency for International Development has established a credit
    management system capable of effectively managing the credit programs
    funded under this heading, including that such system: (1) can provide
    accurate and timely provision of loan and loan guarantee data; (2)
    contains information control systems for loan and loan guarantee data;
    (3) is adequately staffed; and (4) contains appropriate review and
    monitoring procedures.]

                     [Authorization for Population Planning]

        [Sec. 592. (a) Not to exceed $385,000,000 of the funds appropriated
    in title II of this Act may be available for population planning
    activities or other population assistance.]
        [(b) Such funds may be apportioned only on a monthly basis, and such
    monthly apportionments may not exceed 8.34 percent of the total
    available for such activities.]
        (Foreign Operations, Export Financing, and Related Programs
    Appropriation Act, 1998.)