[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.)