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

                         THE BUDGET FOR FISCAL YEAR 2004

    [[Page 903]]

                        INTERNATIONAL ASSISTANCE PROGRAMS

                        MILLENNIUM CHALLENGE CORPORATION

                                  Federal Funds

    General and special funds:

                          Millennium Challenge Account

                  (Legislative proposal, not subject to PAYGO)

        For necessary expenses for the ``Millennium Challenge Account'',
    $1,300,000,000, to remain available until expended: Provided, That the
    availability of such amounts is contingent upon enactment of
    authorization.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 95-2750-2-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Country Programs..................                                 775
    00.02 Administrative Expenses...........                                  25
                                               ---------   ---------  ----------
    10.00   Total new obligations...........                                 800
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                               1,300
    23.95 Total new obligations.............                                -800
    24.40 Unobligated balance carried
            forward, end of year............                                 500
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................                               1,300
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                 800
    73.20 Total outlays (gross).............                                -650
    74.40 Obligated balance, end of year....                                 150
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................                                 650
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                               1,300
    90.00 Outlays...........................                                 650
    ---------------------------------------------------------------------------

        At the Inter-American Development Bank on March 14, 2002, President
    Bush called for ``A new compact for global development, defined by new
    accountability for both rich and poor nations alike. Greater
    contributions from developed nations must be linked to greater
    responsibility from developed nations.'' The President pledged that the
    United States would lead by example and increase its core development
    assistance by 50 percent over the next three years. These increased
    funds will go into a new Millennium Challenge Account (MCA). Because
    sound policies are an essential condition of development, the President
    announced that the MCA will be ``devoted to projects in nations that
    govern justly, invest in their people and encourage economic freedom.''

        The MCA will be administered by a new government corporation
    designed to support innovative strategies and to ensure accountability
    for measurable results. This small independent agency will be supervised
    by a Board of Directors composed of Cabinet level officials and chaired
    by the Secretary of State. The CEO of the Millennium Challenge
    Corporation will be nominated by the President and confirmed by the
    Senate. Personnel will be drawn from a variety of government and non-
    government agencies and will serve limited-term appointments. The
    Corporation will be designed to make maximum use of flexible authorities
    to optimize efficiency in contracting, program implementation, and
    personnel.

        Selection of specific countries will be based on a set of criteria
    that will, as stated by President Bush, ``reward nations that root out
    corruption, respect human rights, and adhere to the rule of law . . .
    invest in better health care, better schools and broader immunization .
    . . [and] have more open markets and sustainable budget policies . . .''
    Given the link between financial accountability and success, countries
    failing to achieve a passing score on the corruption indicator will be
    ineligible, absent material change in their circumstances.

        During 2004, the first year of MCA operation, it is anticipated that
    only countries eligible to borrow from the International Development
    Association and which have per capita incomes below $1,435 will be
    considered for selection. By 2006, it is anticipated that country
    eligibility will be broadened to include all countries with per capita
    incomes up to $2,975, the current World Bank cutoff for lower middle
    income countries.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 95-2750-2-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................                                   5
    12.1  Civilian personnel benefits.......                                   1
    21.0  Travel and transportation of
            persons.........................                                   2
    23.2  Rental payments to others.........                                   2
    23.3  Communications, utilities, and
            miscellaneous charges...........                                   1
    25.2  Other services....................                                  12
    26.0  Supplies and materials............                                   2
    41.0  Grants, subsidies, and
            contributions...................                                 775
                                               ---------   ---------  ----------
    99.9    Total new obligations...........                                 800
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 95-2750-2-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Total compensable workyears:
    1001  Civilian full-time equivalent
            employment......................                                  50
    ---------------------------------------------------------------------------

                        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, $2,535,000,000, to remain available until September 30, 2005:
    Provided, That funds appropriated under this heading that are made
    available for Israel, shall be available on a grant basis as a cash
    transfer and shall be disbursed within 30 days of the enactment of this
    Act or by October 31, 2003, whichever is later: Provided further, That
    funds under this heading may be used, notwithstanding any other
    provision of law, to establish and operate one or more enterprise funds
    in the Middle East region: Provided further, that provisions contained
    in section 201 of the Support for East European Democracy (SEED) Act of
    1989 (excluding the authorizations of appropriations provided in
    subsection (b) of that section) shall apply with respect to such
    enterprise funds: Provided further, That funds appropriated under this
    heading may be used, notwithstanding any other provision of law, to
    provide assistance to the National Democratic Alliance of Sudan to
    strengthen its ability to protect civilians from attacks, slave raids,
    and aerial bombardment by the Sudanese Government forces and its militia
    allies, and the provision of such funds shall be subject to the regular
    notification procedures of the Committees on Appropriations: Provided
    further, That in the previous proviso, the term ``assistance'' includes
    non-lethal, non-food aid such as blankets, medicine, fuel, mobile
    clinics, water drilling

    [[Page 904]]

    equipment, communications equipment to notify civilians of aerial
    bombardment, non-military vehicles, tents, and shoes: Provided further,
    That the last proviso under this heading in P.L. 107-115 and any
    comparable provision in an appropriations Act for fiscal year 2003 are
    hereby repealed.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1037-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program activity...........       3,442       3,191       2,535
    09.01 Reimbursable program..............         159
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       3,601       3,191       2,535
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         891         701
    22.00 New budget authority (gross)......       2,829       2,490       2,535
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          11
    22.21 Unobligated balance transferred to
            other accounts..................         -35
    22.22 Unobligated balance transferred
            from other accounts.............         607
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       4,303       3,191       2,535
    23.95 Total new obligations.............      -3,601      -3,191      -2,535
    23.98 Unobligated balance expiring or
            withdrawn.......................          -3
    24.40 Unobligated balance carried
            forward, end of year............         701
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................       2,689       2,490       2,535
    40.36   Unobligated balance rescinded...         -10
    41.00   Transferred to other accounts...         -21
    42.00   Transferred from other accounts.          12
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............       2,670       2,490       2,535
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............         159
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       2,829       2,490       2,535
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..       2,955       3,323       4,042
    73.10 Total new obligations.............       3,601       3,191       2,535
    73.20 Total outlays (gross).............      -3,230      -2,472      -2,653
    73.40 Adjustments in expired accounts
            (net)...........................           6
    73.45 Recoveries of prior year
            obligations.....................         -11
    74.40 Obligated balance, end of year....       3,323       4,042       3,924
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         974         932       1,070
    86.93 Outlays from discretionary
            balances........................       2,256       1,540       1,583
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       3,230       2,472       2,653
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........        -159
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       2,670       2,490       2,535
    90.00 Outlays...........................       3,071       2,472       2,653
    ---------------------------------------------------------------------------

        This account supports U.S. foreign policy objectives by providing
    economic assistance to allies and countries in transition to democracy,
    supporting Middle East peace negotiations, 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- omy and to help sustain the
    neediest sectors of the population during the transition period.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1037-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    25.2    Other services..................          70          65          50
    41.0    Grants, subsidies, and
              contributions.................       3,272       3,126       2,485
                                               ---------   ---------  ----------
    99.0      Direct obligations............       3,342       3,191       2,535
    99.0  Reimbursable obligations..........         159
    41.0  Allocation Account: Grants,
            subsidies, and contributions....         100
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       3,601       3,191       2,535
    ---------------------------------------------------------------------------

                     Economic Support Fund Transfer Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1044-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           2           1
    73.20 Total outlays (gross).............          -1          -1
    74.40 Obligated balance, end of year....           1
    ----------------------------------------------------------------------------

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

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

       Central America and the Caribbean Emergency Disaster Recovery Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1096-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         188         113          68
    73.20 Total outlays (gross).............         -75         -45         -27
    74.40 Obligated balance, end of year....         113          68          41
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................          75          45          27
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................          75          45          27
    ---------------------------------------------------------------------------

                       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,
    $4,414,000,000: Provided, That funds appropriated by this paragraph that
    are made available for Israel shall be disbursed within 30 days of the
    enactment of this Act or by October 31, 2003, whichever is later:
    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

    [[Page 905]]

    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).
        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 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
    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 $40,500,000 of the funds
    appropriated under this heading may be obligated for necessary expenses,
    including the purchase of passenger motor vehicles for replacement only
    for use outside of the United States, for the general costs of
    administering military assistance and sales: Provided further, That not
    more than $361,000,000 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 2004 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: Provided further, That foreign military
    financing program funds estimated to be outlayed for Egypt during fiscal
    year 2004 shall be transferred to an interest bearing account for Egypt
    in the Federal Reserve Bank of New York within 30 days of enactment of
    this Act or by October 31, 2003, whichever is later.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1082-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
          Direct program:

    00.01   Country grants..................       3,714       4,378       4,374
    00.09   Administrative Expenses.........          35          37          40
                                               ---------   ---------  ----------
    01.92     Total Direct Obligations......       3,749       4,415       4,414
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       3,749       4,415       4,414
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........                     308
    22.00 New budget authority (gross)......       4,007       4,107       4,414
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           5
    22.22 Unobligated balance transferred
            from other accounts.............          45
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       4,057       4,415       4,414
    23.95 Total new obligations.............      -3,749      -4,415      -4,414
    24.40 Unobligated balance carried
            forward, end of year............         308
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................       4,007       4,107       4,414
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..       2,593       1,934       1,797
    73.10 Total new obligations.............       3,749       4,415       4,414
    73.20 Total outlays (gross).............      -4,403      -4,552      -4,288
    73.45 Recoveries of prior year
            obligations.....................          -5
    74.40 Obligated balance, end of year....       1,934       1,797       1,923
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................       2,112       2,450       2,847
    86.93 Outlays from discretionary
            balances........................       2,291       2,102       1,441
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       4,403       4,552       4,288
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       4,007       4,107       4,414
    90.00 Outlays...........................       4,403       4,552       4,288
    ---------------------------------------------------------------------------

        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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................          35          37          40
    41.0  Grants............................       3,714       4,378       4,374
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       3,749       4,415       4,414
    ---------------------------------------------------------------------------

                  International Military Education and Training

        For necessary expenses to carry out the provisions of section 541 of
    the Foreign Assistance Act of 1961, $91,700,000, of which up to
    $3,000,000 may remain available until expended: 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.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1081-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program activity...........          73          81          92
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          73          81          92
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           3           1
    22.00 New budget authority (gross)......          70          80          92
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          73          81          92
    23.95 Total new obligations.............         -73         -81         -92
    24.40 Unobligated balance carried
            forward, end of year............           1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          70          80          92
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          46          55          60
    73.10 Total new obligations.............          73          81          92
    73.20 Total outlays (gross).............         -59         -76         -88
    73.40 Adjustments in expired accounts
            (net)...........................          -5
    74.40 Obligated balance, end of year....          55          60          64
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          33          41          47
    86.93 Outlays from discretionary
            balances........................          26          35          41
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          59          76          88
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          70          80          92
    90.00 Outlays...........................          59          76          88
    ---------------------------------------------------------------------------

        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

    [[Page 906]]

    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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    26.0  Supplies and materials............           7           8           9
    41.0  Grants, subsidies, and
            contributions...................          66          73          83
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          73          81          92
    ---------------------------------------------------------------------------

                             Peacekeeping Operations

        For necessary expenses to carry out the provisions of section 551 of
    the Foreign Assistance Act of 1961, $94,900,000.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1032-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........         366         137          95
    09.01 Reimbursable program..............           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         368         137          95
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........                      29
    22.00 New budget authority (gross)......         167         108          95
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           5
    22.22 Unobligated balance transferred
            from other accounts.............         225
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         397         137          95
    23.95 Total new obligations.............        -368        -137         -95
    24.40 Unobligated balance carried
            forward, end of year............          29
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         155         108          95
    42.00   Transferred from other accounts.           9
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         164         108          95
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............           3
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         167         108          95
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          79          93          74
    73.10 Total new obligations.............         368         137          95
    73.20 Total outlays (gross).............        -339        -156        -105
    73.40 Adjustments in expired accounts
            (net)...........................         -17
    73.45 Recoveries of prior year
            obligations.....................          -5
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................           7
    74.40 Obligated balance, end of year....          93          74          64
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          55          75          66
    86.93 Outlays from discretionary
            balances........................         284          81          39
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         339         156         105
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -8
    88.40     Non-Federal sources...........          -3
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -11
          Against gross budget authority only:

    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............           8
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         164         108          95
    90.00 Outlays...........................         328         156         105
    ---------------------------------------------------------------------------

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1032-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    41.0  Direct obligations: Grants,
            subsidies, and contributions....         366         137          95
    99.0  Reimbursable obligations:
            Reimbursable obligations........           2
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         368         137          95
    ---------------------------------------------------------------------------

        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
    2004, contributions are planned for programs in Africa, the
    Multinational Force and Observers in the Sinai, Organization for
    Security and Cooperation in Europe (OSCE) activities in Bosnia, Croatia,
    and Kosovo, and other activities.

             United States Emergency Fund for Complex Foreign Crises

                  (Legislative proposal, not subject to PAYGO)

        For necessary expenses to enable the President to respond to or
    prevent unforeseen complex foreign crises, $100,000,000, to remain
    available until expended: Provided, That funds appropriated under this
    heading may be made available only pursuant to a determination by the
    President that it is in the national interest to furnish assistance on
    such terms and conditions as he may determine for the purpose of
    preventing or responding to unforeseen complex foreign crises, including
    support for peace and humanitarian intervention operations to prevent or
    respond to foreign territorial disputes, armed ethnic and civil
    conflicts that pose threats to regional and international peace, and
    acts of ethnic cleansing, mass killing, or genocide: Provided further,
    That none of the funds appropriated under this heading shall be
    available to respond to natural disasters: Provided further, That for
    funds appropriated under this heading the President may make allocations
    to Federal agencies to carry out the authorities provided under this
    heading: Provided further, That the President may furnish assistance
    under this heading notwithstanding any other provision of law.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-2300-2-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........                                  30
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                  30
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                 100
    23.95 Total new obligations.............                                 -30
    24.40 Unobligated balance carried
            forward, end of year............                                  70
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................                                 100
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                  30
    73.20 Total outlays (gross).............                                 -25
    74.40 Obligated balance, end of year....                                   5
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................                                  25
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                 100
    90.00 Outlays...........................                                  25
    ---------------------------------------------------------------------------

        This is a proposal for a new appropriation that is intended to
    assist the President to quickly and effectively respond to

    [[Page 907]]

    or prevent unforeseen complex foreign crises by providing resources that
    can be drawn upon at the onset of a crisis. This appropriation will be
    used to fund a range of foreign assistance activities, including support
    for peace and humanitarian intervention operations to prevent or respond
    to foreign territorial disputes, armed ethnic and civil conflicts that
    pose threats to regional and international peace, and acts of ethnic
    cleansing, mass killing or genocide. Use of this appropriation will
    require a determination by the President that a complex emergency exists
    and that it is in the national interest to furnish assistance in
    response. This appropriation will not fund assistance activities in
    response to natural disasters because existing contingency funding is
    available for that purpose.

         Nonproliferation, Anti-Terrorism, Demining and Related Programs

        For necessary expenses for nonproliferation, anti-terrorism and
    related programs and activities, $385,200,000, to carry out the
    provisions of chapter 8 of part II of the Foreign Assistance Act of 1961
    for anti-terrorism assistance, chapter 9 of part II of the Foreign
    Assistance Act of 1961, section 504 of the FREEDOM Support Act, section
    23 of the Arms Export Control Act or the Foreign Assistance Act of 1961
    for demining activities, the clearance of unexploded ordnance, the
    destruction of small arms, 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 for a United States
    contribution to the Comprehensive Nuclear Test Ban Treaty Preparatory
    Commission: Provided, That of this amount not to exceed $35,000,000, 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
    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 following consultation with the appropriate committees
    of Congress: Provided further, That of the funds made available for
    demining and related activities, not to exceed $690,000, in addition to
    funds otherwise available for such purposes, may be used for
    administrative expenses related to the operation and management of the
    demining program.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1075-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Nonproliferation and Disarmament
            Fund............................          16          35          35
    00.02 Export Control Assistance.........          17          36          40
    00.03 International Science and
            Technology Centers/Biological
            Weapons Redirection.............          40          52          59
    00.04 Anti-terrorism Assistance
            Supplemental....................                      83
    00.05 IAEA Voluntary Contribution.......          50          50          50
    00.06 CTBT International Monitoring
            System..........................          17          18          19
    00.07 Korean Peninsula Energy
            Development Organization........          90
    00.08 Anti-terrorism Assistance.........          41          64         106
    00.09 Terrorist Interdiction Program....           4           5          11
    00.10 Counter-terrorism Engagement with
            Allies..........................                                   3
    00.11 Humanitarian Demining Programs....          34          55          60
    00.12 Other/Unallocated.................           3          75
    00.13 Small Arms Destruction............           3           2           2
    00.14 Emergency Response Fund: Export
            Control Assistance..............          23           2
    00.15 Emergency Response Fund: Anti-
            terrorism Assistance............          47           2
    00.16 Emergency Response Fund: Terrorist
            Interdiction Program............           4
    00.17 Emergency Response Fund: Counter-
            terrorism Engagement with Allies           3
    00.18 Emergency Response Fund:
            Afghanistan Demining............           3
    00.19 Emergency Response Fund: Counter-
            terrorism Equipment for Israel..          28
    00.20 Emergency Response Fund:
            Biological Weapons Redirection..          30
    09.01 Reimbursable program..............          30
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         483         479         385
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          16         107
    22.00 New budget authority (gross)......         428         372         385
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           5
    22.21 Unobligated balance transferred to
            other accounts..................         -16
    22.22 Unobligated balance transferred
            from other accounts.............         156
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         589         479         385
    23.95 Total new obligations.............        -483        -479        -385
    24.40 Unobligated balance carried
            forward, end of year............         107
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         397         372         385
    42.00   Transferred from other accounts.           1
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         398         372         385
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............          30
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         428         372         385
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         148         212         252
    73.10 Total new obligations.............         483         479         385
    73.20 Total outlays (gross).............        -413        -439        -441
    73.45 Recoveries of prior year
            obligations.....................          -5
    74.40 Obligated balance, end of year....         212         252         196
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         234         242         250
    86.93 Outlays from discretionary
            balances........................         179         197         191
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         413         439         441
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........         -30
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         398         372         385
    90.00 Outlays...........................         383         439         441
    ---------------------------------------------------------------------------

        This account funds contributions to certain organizations supporting
    nonproliferation, and provides assistance for nonproliferation,
    demining, anti-terrorism, export control assistance, and other related
    activities.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1075-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    21.0    Travel and transportation of
              persons.......................           2           2           2
    25.2    Other services..................         186         272         178
    25.5    Research and development
              contracts.....................          30          20          20
    31.0    Equipment.......................          38          10          10
    41.0    Grants, subsidies, and
              contributions.................         197         175         175
                                               ---------   ---------  ----------
    99.0      Direct obligations............         453         479         385
    99.0  Reimbursable obligations..........          30
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         483         479         385
    ---------------------------------------------------------------------------

                     Non-Proliferation and Disarmament Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1071-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Nonproliferation and Disarmament
            Programs........................           5
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.2)...................           5
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           4

    [[Page 908]]

    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           5
    23.95 Total new obligations.............          -5
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           4           8           3
    73.10 Total new obligations.............           5
    73.20 Total outlays (gross).............                      -5          -3
    73.45 Recoveries of prior year
            obligations.....................          -1
    74.40 Obligated balance, end of year....           8           3
    ----------------------------------------------------------------------------

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

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

        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 Nonproliferation, Anti-Terrorism,
    Demining and Related Programs account. This schedule reflects the spend-
    out of prior-year obligations.

    Credit accounts:

                 Foreign Military Financing Loan Program Account

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1085-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    0101  Foreign military financing,
            downward reestimates of
            subsidies.......................          16         522
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1085-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.05 Upward reestimates of direct loan
            subsidy.........................         130
    00.06 Interest on upward reestimates of
            direct loan subsidy.............          36
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................         166
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         166
    23.95 Total new obligations.............        -166
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation (indefinite)......         166
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          70           7
    73.10 Total new obligations.............         166
    73.20 Total outlays (gross).............        -211          -7
    73.40 Adjustments in expired accounts
            (net)...........................         -18
    74.40 Obligated balance, end of year....           7
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................          45           7
    86.97 Outlays from new mandatory
            authority.......................         166
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         211           7
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         166
    90.00 Outlays...........................         211           7
    ---------------------------------------------------------------------------

        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 after, 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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Direct loan levels supportable by subsidy
                    budget authority:
    115001Direct loan levels--DSCA Loan
            Program.........................                   3,800
                                               ---------   ---------  ----------
    115901Total direct loan levels..........                   3,800
        Direct loan subsidy (in percent):
    132001Direct loan levels--DSCA Loan
            Program.........................        0.00        0.00
                                               ---------   ---------  ----------
    132901Weighted average subsidy rate.....        0.00        0.00
        Direct loan subsidy budget authority:
    133001Direct loan levels--DSCA Loan
            Program.........................
                                               ---------   ---------  ----------
    133901Total subsidy budget authority....
        Direct loan subsidy outlays:
    134001Direct loan levels--DSCA Loan
            Program.........................          45           7
                                               ---------   ---------  ----------
    134901Total subsidy outlays.............          45           7
        Direct loan upward reestimate subsidy budget
                    authority:
    135001Direct loan levels--DSCA Loan
            Program.........................         166
                                               ---------   ---------  ----------
    135901Total upward reestimate budget
            authority.......................         166
        Direct loan upward reestimate subsidy outlays:
    136001Direct loan levels--DSCA Loan
            Program.........................         166
                                               ---------   ---------  ----------
    136901Total upward reestimate outlays...         166
        Direct loan downward reestimate subsidy budget
                    authority:
    137001Direct loan levels--DSCA Loan
            Program.........................         -16        -522
                                               ---------   ---------  ----------
    137901Total downward reestimate budget
            authority.......................         -16        -522
        Direct loan downward reestimate subsidy
                    outlays:
    138001Direct loan levels--DSCA Loan
            Program.........................         -16        -522
                                               ---------   ---------  ----------
    138901Total downward reestimate subsidy
            outlays.........................         -16        -522
    ---------------------------------------------------------------------------

            Foreign Military Financing Direct Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4122-0-3-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Loans......................                   3,800
    00.02 Interest on Debt to Treasury......         117          87          74
                                               ---------   ---------  ----------
    00.91   Direct Program by Activities--
              Subtotal (1 level)............         117       3,887          74
    08.02 Downward reestimate paid to
            receipt accounts................          11         397
    08.04 Interest due on downward subsidy
            re-estimate.....................           5         125
                                               ---------   ---------  ----------
    08.91   Direct Program by Activities--
              Subtotal (1 level)............          16         522
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................         133       4,409          74
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........                      33         200
    22.00 New financing authority (gross)...         166       4,576          74
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         166       4,609         274
    23.95 Total new obligations.............        -133      -4,409         -74
    24.40 Unobligated balance carried
            forward, end of year............          33         200         200
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Discretionary:

    47.00   Authority to borrow.............                   3,800

    [[Page 909]]

          Mandatory:

    67.10   Authority to borrow.............          23         522
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).         645         812         560
    68.10     Change in receivables from
                program account.............         -45          -7
    68.47     Portion applied to repay debt.        -457        -551        -486
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....         143         254          74
          Mandatory:

    69.00   Offsetting collections (cash)...         166
    69.47   Portion applied to repay debt...        -166
                                               ---------   ---------  ----------
    69.90     Spending authority from
                offsetting collections
                (total mandatory)...........
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................         166       4,576          74
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         342          49       3,800
    73.10 Total new obligations.............         133       4,409          74
    73.20 Total financing disbursements
            (gross).........................        -471        -666         -74
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          45           7
    74.40 Obligated balance, end of year....          49       3,800       3,800
    87.00 Total financing disbursements
            (gross).........................         471         666          74
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
              Federal sources:
    88.00       Federal sources-subsidy for
                  country direct loans......         -45          -7
    88.00       Federal sources--upward
                  subsidy reestimate........        -166
    88.25     Interest on uninvested funds..         -31
              Non-Federal sources:
    88.40       Non-Federal sources--
                  principal.................        -433        -476        -463
    88.40       Non-Federal sources--
                  interest..................        -136        -129         -97
    88.40       Non-Federal sources--fees...                    -200
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -811        -812        -560
          Against gross financing authority only:

    88.95   Change in receivables from
              program accounts..............          45           7
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............        -600       3,771        -486
    90.00 Financing disbursements...........        -341        -146        -486
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4122-0-3-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........                   3,800
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...                   3,800
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........       1,943       1,847       1,428
    1231  Disbursements: Direct loan
            disbursements...................         337          56
    1251  Repayments: Repayments and
            prepayments.....................        -433        -475        -462
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........       1,847       1,428         966
    ---------------------------------------------------------------------------

        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 after. 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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................         145             42           200            200
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..       1,943          1,847         1,428            966
    1402    Interest receivable.............          26             14            11              7
    1405    Allowance for subsidy cost (-)..        -353           -511          -790           -810
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....       1,616          1,350           649            163
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................       1,761          1,392           849            363
        LIABILITIES:
          Federal liabilities:

    2103    Debt............................       1,691          1,316           849            363
    2105    Other...........................          70             76
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............       1,761          1,392           849            363
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position       1,761          1,392           849            363
    -----------------------------------------------------------------------------------------------

                    Foreign Military Loan Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4121-0-3-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity--Defaulted
            Guaranteed Loans with Commercial
            Banks...........................          19          25          54
    00.02 Direct Program Activity--Defaulted
            Loans with the FFB..............          46          15          14
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................          65          40          68
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          65          40          68
    23.95 Total new obligations.............         -65         -40         -68
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................          27          26          40
    69.00 Offsetting collections (cash).....         597         460         355
    69.27 Capital transfer to general fund..        -325        -212        -104
    69.47 Portion applied to repay debt.....        -234        -234        -223
                                               ---------   ---------  ----------
    69.90   Spending authority from
              offsetting collections (total
              mandatory)....................          38          14          28
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          65          40          68
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............          65          40          68
    73.20 Total outlays (gross).............         -65         -40         -68
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          65          40          68
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources (debt
                reduction)..................                     -31
              Non-Federal sources:
    88.40       Non-Federal sources--loans
                  other than FFB............        -363        -195        -132
    88.40       Non-Federal sources--FFB
                  loan principal............        -234        -234        -223
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -597        -460        -355
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................        -532        -420        -287
    90.00 Outlays...........................        -532        -420        -287
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4121-0-3-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........       3,767       3,355       2,805
    1231  Disbursements: Direct loan
            disbursements...................          21           7           7
          Repayments:

            Repayments and prepayments:
    1251      Repayments and prepayments
                from country................        -493        -349        -286
    1251      Payments from the Military
                Debt Reduction account
                (4174) for purchase of loans                     -31
    1261  Adjustments: Capitalized interest.          60

    [[Page 910]]

    1263  Write-offs for default: Direct
            loans...........................                    -177
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........       3,355       2,805       2,526
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4121-0-3-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........       4,194       3,837       3,488
    2251  Repayments and prepayments........        -357        -346        -364
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................                      -3         -10
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       3,837       3,488       3,114
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       3,453       3,140       2,803
    ----------------------------------------------------------------------------

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

    2310    Outstanding, start of year......          39          10          18
    2331    Disbursements for guaranteed
              loan claims...................          19           8          54
    2364    Other adjustments, net..........         -48
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......          10          18          72
    ---------------------------------------------------------------------------

        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 after (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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
    0111  Revenue...........................         198            178           149            134
    0112  Expense...........................        -198           -178          -149           -134
    -----------------------------------------------------------------------------------------------

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   11-4121-0-3-152    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1601    Direct loans, gross.............       3,767          3,355         2,805          2,526
    1602    Interest receivable.............         479            409           324            235
                                            ------------ --------------  ------------  -------------
    1604      Direct loans and interest
                receivable, net.............       4,246          3,764         3,129          2,761
                                            ------------ --------------  ------------  -------------
    1699      Value of assets related to
                direct loans................       4,246          3,764         3,129          2,761
    1701    Defaulted guaranteed loans,
              gross.........................          39             10            18             72
    1702    Interest receivable.............                                        1              3
                                            ------------ --------------  ------------  -------------
    1799      Value of assets related to
                loan guarantees.............          39             10            19             75
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................       4,285          3,774         3,148          2,836
        LIABILITIES:
          Federal liabilities:

    2102    Accrued Interest Payable to FFB.          33             32            28             25
    2103    Debt--Principal owed to FFB.....       2,157          1,923         1,689          1,466
    2104    Resources payable to Treasury...       2,095          1,819         1,431          1,345
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............       4,285          3,774         3,148          2,836
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position       4,285          3,774         3,148          2,836
    -----------------------------------------------------------------------------------------------

                    Military Debt Reduction Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4174-0-3-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity--Direct
            Loans Purchased from Liquidating
            Account.........................                      31
    00.02 Direct Program Activity--Interest
            on Debt due to Treasury.........                       1           1
    00.03 Direct program activity--Payback
            of principal to creditor........           1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........           1          32           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New financing authority (gross)...           1          32           1
    23.95 Total new obligations.............          -1         -32          -1
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Mandatory:

    67.10   Authority to borrow.............           1          32           1
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (debt
                reduction)..................                                  33
    68.47     Portion applied to repay debt.                                 -33
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....
          Mandatory:

    69.00   Offsetting collections (cash--
              subsidy reestimate)...........                       2
    69.47   Portion applied to repay debt...                      -2
                                               ---------   ---------  ----------
    69.90     Spending authority from
                offsetting collections
                (total mandatory)...........
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................           1          32           1
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............           1          32           1
    73.20 Total financing disbursements
            (gross).........................           1         -32          -1
    87.00 Total financing disbursements
            (gross).........................          -1          32           1
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

    88.00   Offsetting collections (cash)
              from: Federal sources--subsidy
              reestimate for loans fully
              written-off...................                      -2         -33
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............           1          30         -32
    90.00 Financing disbursements...........           1          30         -32
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-4174-0-3-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........                      31
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...                      31
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          19           2          31
    1233  Disbursements: Purchase of loans
            assets from a liquidating
            account.........................                      31
    1263  Write-offs for default: Direct
            loans...........................         -17          -2         -31
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........           2          31
    ---------------------------------------------------------------------------

    [[Page 911]]

        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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..          19              2            31
    1405    Allowance for subsidy cost (-)..         -17
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....           2              2            31
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................           2              2            31
        LIABILITIES:
    2103  Federal liabilities: Debt.........           2              2            31
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............           2              2            31
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position           2              2            31
    -----------------------------------------------------------------------------------------------

                      INTERNATIONAL DEVELOPMENT ASSISTANCE

                             MULTILATERAL ASSISTANCE

                                  Federal Funds

    General and special funds:

                      International Financial Institutions

                           global environment facility

        For the United States contribution for the Global Environment
    Facility, $184,996,904, to the International Bank for Reconstruction and
    Development as trustee for the Global Environment Facility, by the
    Secretary of the Treasury, to remain available until expended.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0077-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program activity...........         101         178         185
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................         101         178         185
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........       7,663       7,663       7,663
    22.00 New budget authority (gross)......         101         178         185
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       7,764       7,841       7,848
    23.95 Total new obligations.............        -101        -178        -185
    24.40 Unobligated balance carried
            forward, end of year............       7,663       7,663       7,663
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         101         178         185
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         264         268         295
    73.10 Total new obligations.............         101         178         185
    73.20 Total outlays (gross).............         -97        -151        -147
    74.40 Obligated balance, end of year....         268         295         333
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          15          50          28
    86.93 Outlays from discretionary
            balances........................          82         101         119
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          97         151         147
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         101         178         185
    90.00 Outlays...........................          97         151         147
    ---------------------------------------------------------------------------

        The International Bank for Reconstruction and Development (IBRD or
    World Bank) provides financing and technical assistance to support
    infrastructure investment and policy reform. IBRD operations are
    designed to promote sustainable economic growth increase productivity
    growth, and raise living standards, including through targeted
    investments in basic human needs, private-sector development, and core
    policy reforms.

        The IBRD made new commitments of $11.5 billion during 2002, IBRD
    gross disbursements were $11.3 billion. Since its establishment in 1945,
    the IBRD has made loans totaling $371 billion. No request is being made
    for IBRD capital in 2004.

        The IBRD acts as trustee for the Global Environment Facility (GEF)
    Trust Fund. The 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.
    The U.S. has activity supported the GEF's expanded focus to include a
    new international environmental agreement on persistent organic
    pollutants, which are of particular concern in the northern U.S. With
    its highly specific focus on global environmental issues--where both
    costs and benefits are shared across international borders--the GEF
    occupies an important niche in the system of international financial
    institutions. 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,
    agreement was reached on policy reforms for the third replenishment
    (GEF-3) to further improve GEF's performance, including development of a
    performance-based allocation system, development of a private sector
    strategy, and the creation of an independent monitoring and evaluation
    unit. 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 co-financing for GEF projects. Since its inception in 1994,
    total GEF commitments amount to about $3.4 billion, with associated co-
    financing of about $10.3 billion.

        The initial U.S. commitment to the GEF in 1995 amounted to $430
    million, and the second replenishment GEF-2) agreed to in 1998, also
    included a U.S. commitment of $430 million in four installments over the
    1999-2002 period. The third replenishment GEF-3) agreed to in 2002
    includes a U.S. commitment of $500 million in four installments from
    2003-2006. The fourth installment includes an additional $70 million,
    which is tied to GEF meeting specific performance targets in the GEF-3
    period. In 2004, the Administration is requesting $77.5 million to clear
    a portion of arrears and $107.5 million for the second installment of
    the U.S. pledge of $500 million to GEF's third replenishment GEF-3).

            contribution to the international development association

        For payment to the International Development Association by the
    Secretary of the Treasury, $976,825,167, to remain available until
    expended.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0073-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program activity...........         792         874         977
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................         792         874         977
    ----------------------------------------------------------------------------

    [[Page 912]]

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         792         874         977
    23.95 Total new obligations.............        -792        -874        -977
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         792         874         977
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..       1,869       1,733       1,611
    73.10 Total new obligations.............         792         874         977
    73.20 Total outlays (gross).............        -929        -996      -1,323
    74.40 Obligated balance, end of year....       1,733       1,611       1,264
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          57          68          70
    86.93 Outlays from discretionary
            balances........................         872         928       1,253
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         929         996       1,323
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         792         874         977
    90.00 Outlays...........................         929         996       1,323
    ---------------------------------------------------------------------------

        The International Development Association (IDA) is a member of the
    World Bank Group and provides development financing on highly
    concessional terms and great terms to the world's poorest 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 achieving sustained productivity growth and
    poverty reduction, and particularly strives to meet the exceptional
    development challenges faced by Africa within its broad commitment to
    support all the world's poor countries. IDA is the single largest source
    of multilateral lending extended on concessional terms to developing
    countries. Projects have to meet the same economic, financial, and
    environmental standards as other World Bank projects. IDA resources for
    new lending are increasingly provided by earnings and repayments of
    existing loans and are augmented by new donor contributions through
    periodic ``replenishments.''

        During 2002, IDA made new commitments of $8.1 billion, and IDA's
    gross disbursements were $6.6 billion. Since its establishment, IDA has
    made commitments totaling $135 billion.

        Under the thirteenth replenishment (IDA-13), IDA will provide total
    resources for prospective new loan commitments of $22.8 billion over the
    2003-2005 period. The U.S. pledge of $2.85 billion over the three years
    (roughly 22 percent of total donor contributions), is subject in part to
    a set of performance indicators, tied to increased contributions in 2004
    and 2005. Through the IDA-13 replenishment negotiations, U.S. leadership
    secured a number of commitments for reform of IDA, most crucially
    resulting in a bolder stance on the use of grants and focus on
    measurable results. IDA committed to the initiation of a performance
    measurement system, including outline of approach, baseline data,
    outcome indicators, and progress targets. The U.S. made $300 million of
    its overall contribution conditional on IDA making sufficient progress
    towards performance targets for the second and third years of IDA-13.
    IDA will also allocate 18-21% of its total resources as grants. Priority
    for grants will be given to the poorest countries, those that are post-
    conflict and/or highly debt-vulnerable, and for HIV/AIDS or natural
    disaster reconstruction projects. The 2004 request consists of $950
    million for the second year of our commitment under the replenishment
    and $26.8 million to clear a portion of arrears to IDA.

            Contribution to Multilateral Investment Guarantee Agency

        For payment to the Multilateral Investment Guarantee Agency by the
    Secretary of the Treasury, $4,001,672, for the United States paid-in
    share of the increase in capital stock, to remain available until
    expended.

                  limitation on callable capital subscriptions

        The United States Governor of the Multilateral Investment Guarantee
    Agency may subscribe without fiscal year limitation for the callable
    capital portion of the United States share of such capital stock in an
    amount not to exceed $16,339,982.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0084-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........           5           4           4
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................           5           4           4
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......           5           4           4
    23.95 Total new obligations.............          -5          -4          -4
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................           5           4           4
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          33          22          22
    73.10 Total new obligations.............           5           4           4
    73.20 Total outlays (gross).............         -16          -4          -4
    74.40 Obligated balance, end of year....          22          22          22
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           5           4           4
    86.93 Outlays from discretionary
            balances........................          11
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          16           4           4
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           5           4           4
    90.00 Outlays...........................          16           4           4
    ---------------------------------------------------------------------------

        The Multilateral Investment Guarantee Agency (MIGA) is a member of
    the World Bank Group. MIGA is designed to encourage the flow of foreign
    private investment to and among developing countries by issuing
    guarantees against noncommercial risks and carrying out investment
    promotion activities.

        During World Bank fiscal year 2002, MIGA issued 58 guaranteed
    contracts, with a maximum aggregate contingent liability of $1.2
    billion. Since MIGA's inception, estimated foreign direct investment
    facilitated totals $45.8 billion.

        Negotiations of MIGA's first General Capital Increase (GCI) were
    completed in 1998. The United States committed to contribute a total of
    $30 million in paid-in capital and nearly $140 million in callable
    capital over three years. The agreement included commitments from MIGA
    on a range of policy issues of substantial importance to the U.S.,
    including environment, information disclosure, labor, and creation of an
    inspection function for greater accountability and transparency. In
    2000, the Administration sought and received congressional authorization
    for our full participation in the MIGA GCI.

        The 2004 request is $4 million to clear a portion of arrears to
    MIGA.

    [[Page 913]]

            contribution to the inter-american investment corporation

        For payment to the Inter-American Investment Corporation, by the
    Secretary of the Treasury, $30,898,488, for the United States share of
    the increase in subscriptions to capital stock, to remain available
    until expended.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0072-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.03 International Investment Corp.....          18          30          31
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................          18          30          31
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........       3,956       3,798       3,798
    22.00 New budget authority (gross)......        -141          30          31
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       3,815       3,828       3,829
    23.95 Total new obligations.............         -18         -30         -31
    24.40 Unobligated balance carried
            forward, end of year............       3,798       3,798       3,798
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          18          30          31
    40.36   Unobligated balance rescinded...        -159
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............        -141          30          31
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          59          48          50
    73.10 Total new obligations.............          18          30          31
    73.20 Total outlays (gross).............         -29         -28         -30
    74.40 Obligated balance, end of year....          48          50          51
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           4           6           6
    86.93 Outlays from discretionary
            balances........................          25          22          24
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          29          28          30
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................        -141          30          31
    90.00 Outlays...........................          29          28          30
    ---------------------------------------------------------------------------

        The Inter-American Development Bank (IDB) promotes sustainable
    economic growth and productivity, poverty reduction, private sector
    development, and good governance in Latin America and the Caribbean
    through loans and technical assistance.

        In 2002, the IDB made new lending commitments of $4.5 billion; gross
    disbursements were $5.4 billion. Since its inception in 1960, the Bank
    has lent over $118 billion.

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

        No request is being made for the IDB or FSO in 2004.

        The Inter-American Investment Corporation (IIC), established in
    1984, is a member of the Inter-American Development Bank Group, whose
    purpose is to promote development of private small and medium sized
    enterprises (SMEs) in Latin America and the Caribbean. It is a legally
    autonomous entity whose resources and management are separate from those
    of the Inter-American Development Bank itself. Through direct loans and
    equity investments in SMEs as well as through lending to private
    financial intermediaries, the IIC helps SMEs in the region to access the
    medium/long-term capital necessary to start-up, expand, or modernize
    their operations.

        During 2002, the IIC approved 20 projects totaling $123 million.
    Since its inception, the IIC has approved 283 projects for a total
    amount of $1.5 billion. Of these, 113 projects, representing $393
    million, remain active.

        The 2004 request includes budget authority of $25 million for paid-
    in subscription for the fifth and final payment and $5.9 million for a
    portion of arrears to the IIC.

                   contribution to the asian development fund

        For the United States contribution by the Secretary of the Treasury
    to the increase in resources of the Asian Development Fund, as
    authorized by the Asian Development Bank Act, as amended, $151,921,405,
    to remain available until expended.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0076-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.02 Asian development fund............          98         147         152
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................          98         147         152
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         748         748         748
    22.00 New budget authority (gross)......          98         147         152
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         846         895         900
    23.95 Total new obligations.............         -98        -147        -152
    24.40 Unobligated balance carried
            forward, end of year............         748         748         748
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          98         147         152
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         460         347         262
    73.10 Total new obligations.............          98         147         152
    73.20 Total outlays (gross).............        -212        -232        -185
    74.40 Obligated balance, end of year....         347         262         229
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................                      71          26
    86.93 Outlays from discretionary
            balances........................         212         161         159
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         212         232         185
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          98         147         152
    90.00 Outlays...........................         212         232         185
    ---------------------------------------------------------------------------

        The Asian Development Bank (ADB) fosters broad-based sustainable
    economic growth and development, poverty alleviation, and cooperation in
    the Asia/Pacific region. The ADB has two main financing windows: (i) the
    ordinary capital window and (ii) the Asian Development Fund (ADF) which
    lends at concessional rates to the region's poorest nations.

        ADF resources are derived in part from donor contributions through
    periodic ``replenishments.'' In the most recent replenishment, ADF-8,
    the United States successfully negotiated a comprehensive package of
    policy reforms while maintaining our contribution at $412 million over
    four years.

        ADF-8 put in place, for the first time, a system to allocate ADF
    resources based on the performance of borrowing countries. This includes
    performance on fiscal measures and good governance, as well as
    performance in managing the portfolio. Agreement was also reached on
    internal changes, including establishment of a Board committee on
    development effectiveness and a commitment to strengthen the Bank's
    internal controls.

        In 2002, the Bank lent $3.9 billion of its ordinary capital
    resources and extended loans and grants of $1.7 billion from ADF and TA
    resources for development projects. Since its founding in 1966, the ADB
    has committed over $69 billion,

    [[Page 914]]

    and the ADF has committed $27 billion. In addition, the ADB has made
    cumulative private sector loans and equity investments of over $2
    billion.

        In 2000, the U.S. made the final payment to the ADB's fourth general
    capital increase. No request is being made for ADB in 2004.

        The 2004 request for the ADF is for $103 million in budget authority
    for our third scheduled contribution under ADF-8 and $48.9 million to
    clear a portion of arrears.

                  Contribution to the African Development Bank

        For payment to the African Development Bank by the Secretary of the
    Treasury, $5,104,930, for the United States paid-in share of the
    increase in capital stock, to remain available until expended.

                  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,
    $118,080,826, to remain available until expended.

                  limitation on callable capital subscriptions

        The United States Governor of the African Development Bank may
    subscribe without fiscal year limitation for the callable capital
    portion of the United States share of such capital stock in an amount
    not to exceed $79,609,817.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0079-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Fund..............................         100         118         118
    00.02 Ordinary Capital..................           5           5           5
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................         105         123         123
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         105         123         123
    23.95 Total new obligations.............        -105        -123        -123
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         105         123         123
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         416         411         409
    73.10 Total new obligations.............         105         123         123
    73.20 Total outlays (gross).............        -110        -125        -130
    74.40 Obligated balance, end of year....         411         409         402
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           7          22          22
    86.93 Outlays from discretionary
            balances........................         103         103         108
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         110         125         130
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         105         123         123
    90.00 Outlays...........................         110         125         130
    ---------------------------------------------------------------------------

        The African Development Bank group is composed of (i) the African
    Development Bank (AFDB), which lends at prevailing rates, and (ii) the
    African Development Fund (AFDF), which provides grants and concessional
    loans to the poorest African countries. In 2002, the AFDB approved 31
    new projects amounting to about $1.5 billion. Since its inception in
    1963, the AFDB has financed 906 projects amounting to about $26.8
    billion.

        The African Development Fund approved $1.3 billion for 85 projects
    in 2002. Since its inception in 1974, cumulative AFDF lending totals an
    estimated $17.8 billion for 1,770 development projects.

        The 2004 request for the African Development Bank Group includes
    $123.2 million in budget authority and $79.6 million in program
    limitations on callable capital subscriptions. The budget authority
    request consists of $5.1 million in paid-in capital for the fifth
    installment on the U.S. share of the AFDB's fifth capital increase;
    $79.6 million in program limitations on callable capital; and $118
    million for the second of three equal installments on the U.S. share of
    the AFDF-9 replenishment covering the period 2003-2005. In September
    2002, the U.S. and other donor countries reached agreement on the ninth
    replenishment of the AfDF (AfDF-9) that will cover CY 2002-2004. The
    U.S. exercised leadership under AfDF-9 in attaining a substantial
    increase in grant funding from the existing level of 7.5% to 18-21% of
    available resources. This replenishment lays out four broad policy
    objectives: (1) greater selectivity and focus in Fund operations; (2)
    enhanced development effectiveness and measurable results; (3) improved
    linkages between lending and performance; and (4) deepened coordination
    with other development entities. In addition, we seek budget authority
    of $85,756 to clear a portion of U.S. arrears to the African Development
    Bank Group.

      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, $35,431,111, 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 $122,085,497.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0088-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........          36          36          35
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................          36          36          35
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          36          36          35
    23.95 Total new obligations.............         -36         -36         -35
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          36          36          35
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          43          43          43
    73.10 Total new obligations.............          36          36          35
    73.20 Total outlays (gross).............         -36         -36         -35
    74.40 Obligated balance, end of year....          43          43          43
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          19          19          18
    86.93 Outlays from discretionary
            balances........................          17          17          17
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          36          36          35
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          36          36          35
    90.00 Outlays...........................          36          36          35
    ---------------------------------------------------------------------------

    [[Page 915]]

        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. Nearly eighty
    percent of projects approved in 2001 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 EUR 10 billion to EUR 20 billion (approximately $24 billion)
    which went into effect in April 1997. The annual payment for the U.S.'s
    ten percent share is $35.8 million payable over a period of 8 years. As
    of the end of third quarter 2002, the EBRD had a portfolio of over 800
    projects with a total value of $21 billion.

        The 2004 request consists of $35.4 million in budget authority for
    paid-in capital and $122.1 million in program limitations for callable
    capital for the seventh of eight installments on the U.S. subscription
    to the general capital increase.

                         North American Development Bank

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1008-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          51          51          40
    73.20 Total outlays (gross).............                     -11         -11
    74.40 Obligated balance, end of year....          51          40          29
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................                      11          11
    ----------------------------------------------------------------------------

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

         The North American Development Bank (NADBank) provides financing
    for environmental infrastructure projects in the U.S.-Mexico border
    region and, more broadly in the United States and Mexico for NAFTA-
    related community adjustments and investment. Under NADBank's charter,
    the U.S. and Mexico contributed equally to NADBank's capital--$450
    million in paid-in capital and $2.55 billion in callable capital. The
    final U.S. installment was appropriated in 1998, and there is no paid-in
    request for 2004.

        The NADBank finances environmental infrastructure projects that have
    been certified by the U.S.-Mexico Border Environmental Commission
    (BECC), an institution designed to assist states and local communities
    in coordinating border clean-up. As of December 2002, the NADBank had
    approved $49.1 million in loans for 14 projects and $15.5 million in
    grants for technical assistance and project construction. It has also
    administered $423.6 million in EPA-funded grants to 45 projects in
    Mexico and the United States. The total investment value of all the
    projects to which it provides funding is approximately $1.5 billion.

        In March 2002, President Bush and President Fox agreed to a set of
    proposals to improve the performance of NADBank and BECC in fulfilling
    their missions. These include measures to improve the affordability of
    NADBank financing, expand the geographic area of operations in Mexico,
    create a single Board of Directors for both institutions, and conduct a
    review of the project cycle. The Administration is seeking congressional
    authorizations necessary to implement several of these reforms.

    Contribution to the 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, $32,614,172, to remain available until
    expended. (22 U.S.C. 283z-9.)

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0089-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........                      30          33
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................                      30          33
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                      30          33
    23.95 Total new obligations.............                     -30         -33
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................                      30          33
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         256         197         109
    73.10 Total new obligations.............                      30          33
    73.20 Total outlays (gross).............         -60        -118         -75
    74.40 Obligated balance, end of year....         197         109          67
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................                       8           8
    86.93 Outlays from discretionary
            balances........................          60         110          67
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          60         118          75
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                      30          33
    90.00 Outlays...........................          60         118          75
    ---------------------------------------------------------------------------

        The Multilateral Investment Fund (MIF), administered by the Inter-
    American Development Bank, provides grants and loans to support private-
    sector development and finance and labor sector reforms in Latin America
    and the Caribbean. 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. Since its inception in 1992,
    the MIF has approved 521 projects, of which the MIF contribution totaled
    $800 million.

        The U.S. made a commitment to the MIF in 1992 amounting to $500
    million. For 2004, $32.6 million is requested to clear a portion of
    arrears.

       Contribution to the International Fund for Agricultural Development

        For the United States contribution by the Secretary of the Treasury
    to increase the resources of the International Fund for Agricultural
    Development, $15,004,042, to remain available until expended.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1039-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........          20          15          15
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................          20          15          15
    ----------------------------------------------------------------------------

    [[Page 916]]

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......          20          15          15
    23.95 Total new obligations.............         -20         -15         -15
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          20          15          15
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..                      15          19
    73.10 Total new obligations.............          20          15          15
    73.20 Total outlays (gross).............          -5         -11         -12
    74.40 Obligated balance, end of year....          15          19          22
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           5           4           4
    86.93 Outlays from discretionary
            balances........................                       7           8
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           5          11          12
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          20          15          15
    90.00 Outlays...........................           5          11          12
    ---------------------------------------------------------------------------

        The International Fund for Agricultural Development (IFAD) was
    established in 1977 as a multilateral financial institution focused on
    promoting rural agricultural development in poorer countries. IFAD's
    specific mandate is to assist small-scale producers and subsistence
    farmers to increase their productivity and incomes, improve their
    nutritional levels, and help integrate them into larger markets.

        The 2004 request is for $15,004,042, of which $15 million is for our
    first scheduled contribution under IFAD's 6th replenishment (IFAD-VI)
    and $4,042 is to clear a portion of U.S. arrears. We will seek
    congressional authorization to contribute a total of $45 million under
    IFAD-VI which includes a number of key policy reforms advocated by the
    U.S.: creation of a performance-based allocation system; an increase in
    grants; improvements in measuring project results; and establishment of
    an independent evaluation function.

                   International Affairs Technical Assistance

        For necessary expenses to carry out the provisions of section 129 of
    the Foreign Assistance Act of 1961 (relating to international affairs
    technical assistance activities), $14,000,000, to remain available until
    expended, which shall be available notwithstanding any other provision
    of law.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1045-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 New Obligations...................          26          22          22
    09.01 Reimbursable program..............           6
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          32          22          22
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          26          33          21
    22.00 New budget authority (gross)......          34          10          14
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           3
    22.22 Unobligated balance transferred
            from other accounts.............           4
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          67          43          35
    23.95 Total new obligations.............         -32         -22         -22
    24.40 Unobligated balance carried
            forward, end of year............          33          21          13
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................           7          10          14
    42.00   Transferred from other accounts.          21
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............          28          10          14
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............           6
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          34          10          14
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          20          24          21
    73.10 Total new obligations.............          32          22          22
    73.20 Total outlays (gross).............         -25         -23         -23
    73.45 Recoveries of prior year
            obligations.....................          -3
    74.40 Obligated balance, end of year....          24          21          20
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           6                       1
    86.93 Outlays from discretionary
            balances........................          19          23          22
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          25          23          23
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -4
    88.40     Non-Federal sources...........          -2
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........          -6
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          28          10          14
    90.00 Outlays...........................          19          23          23
    ---------------------------------------------------------------------------

        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. 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 political structures. Since 1997, Treasury has also provided
    assistance, using funding from USAID Development Assistance and the
    Economic Support Fund, to more than 23 governments on a global basis.
    The flexibility provided by direct funding permits the Department to be
    responsive when governments make decisions to implement key fiscal and
    financial reforms, and allows it to act quickly to help select
    governments strengthen governmental fiscal and financial institutions
    during crucial transition periods toward market-oriented economies. In
    addition, Treasury technical assistance is increasingly being deployed
    in post-conflict situations.

        The proposed $14 million appropriation will fund resident advisors,
    including program related administrative costs and intermittent experts
    in support of the resident advisors. This appropriation will permit
    continuation of the program in countries outside Central and Eastern
    Europe and the Former Soviet Union, including implementation of programs
    in Asia, Africa, and Central and Latin America, as well as continued
    technical assistance in anti-terrorism. The Treasury Department will
    continue to coordinate activities with international financial
    institutions and with USAID, the Department of State and other relevant
    U.S. Government agencies when de

    [[Page 917]]

    termining where its technical assistance program can have the greatest
    positive impact.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1045-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    21.0    Travel and transportation of
              persons.......................           5           2           2
    25.1    Advisory and assistance services          21          20          20
                                               ---------   ---------  ----------
    99.0      Direct obligations............          26          22          22
    99.0  Reimbursable obligations..........           6
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          32          22          22
    ---------------------------------------------------------------------------

            Global Fund To Fight HIV/AIDS, Malaria, and Tuberculosis

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1028-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program activity...........         100
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................         100
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         100
    23.95 Total new obligations.............        -100
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    42.00   Transferred from other accounts.         100
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............         100
    73.20 Total outlays (gross).............        -100
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         100
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         100
    90.00 Outlays...........................         100
    ---------------------------------------------------------------------------

        The Global Fund to Fight HIV/AIDS, Malaria, and TB account exists to
    obligate and disburse U.S. contributions to the new Global Fund to fight
    AIDS, TB and Malaria (GFATM) that come from appropriations within the
    Department of Health and Human Services. The Fund's creation became a
    2002 Presidential Initiative after being called for by the U.N.
    Secretary General in April 2001. Declarations and financial commitments
    were issued prior to, during and after the groundbreaking UN General
    Assembly Special Session on HIV/AIDS in June 2001 and at the G8 Summit
    in Genoa in July 2001.

        The purpose of GFATM is to attract, manage, and disburse additional
    resources through a new public-private partnership that will make a
    sustainable and significant contribution to the reduction of infections,
    illness and death, thereby mitigating the impact caused by HIV/AIDS,
    tuberculosis and malaria in countries in need. The Fund will pursue an
    integrated and balanced approach covering prevention, treatment, and
    care and support in dealing with these three diseases. The Fund will
    seek to establish a simplified, rapid, innovative process with efficient
    and effective disbursement mechanisms, minimizing transaction costs and
    operating in a transparent and accountable manner based on clearly
    defined responsibilities. The Fund will make use of existing
    international mechanism and health plans.

        Approximately $2.2 billion has been committed to the Fund thus far
    from industrialized and developing country governments, corporations,
    foundations, and private individual contributions. The U.S. Government
    has appropriated a total of up to $300 million in 2001 and 2002,
    proposed to contribute an additional $200 million in 2003, and proposes
    another $200 million in 2004, $100 million of which is proposed to be
    appropriated within the National Institutes of Allergy and Infectious
    Diseases (NIAID) Account and $100 million within USAID's Child Survival
    and Health Account.

       Contribution for the EBRD Small and Medium Enterprise Support Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0092-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........          17           3
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................          17           3
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          10           3
    22.00 New budget authority (gross)......          10
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          20           3
    23.95 Total new obligations.............         -17          -3
    24.40 Unobligated balance carried
            forward, end of year............           3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    42.00   Transferred from other accounts.          10
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............          10
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............          17           3
    73.20 Total outlays (gross).............         -17          -3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           7
    86.93 Outlays from discretionary
            balances........................          10           3
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          17           3
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          10
    90.00 Outlays...........................          17           3
    ---------------------------------------------------------------------------

        In July 2000, the United States established a fund at the European
    Bank for Reconstruction and Development (EBRD) to support Small and
    Medium Enterprise (SME) financing through technical assistance to local
    financial institutions and credit lines for on-lending to SMEs. An
    allocation of $10 million was provided to the EBRD from 2000 Support for
    Eastern European Democracies Act (SEED Act) funding, $11 million
    (including $1 million allocated specifically for Serbia) from 2001 SEED
    Act, and $5 million from 2002 SEED Act funding to support countries in
    Southeast Europe. In 2002, the Administration expanded the program to
    Freedom Support Act countries and provided $2 million from 2002 FSA
    funding to support SME programs in Kyrgyzstan and Georgia through this
    account. In addition, $3.1 million in FSA Funding was provided by USAID
    directly to the SME Fund at the EBRD to support programs in Kazakhstan,
    Kyrgyzstan, and Ukraine. The Administration also provided $3 million in
    2002 FSA funds to support the Russian Small Business Fund at the EBRD.

        Three main activities will be supported under this program: (1)
    providing debt finance to SMEs by on-lending through eligible banks; (2)
    providing technical assistance to promote sound business practices and
    good governance at participating banks; and (3) providing technical
    assistance to identify legal, regulatory, and policy impediments and
    improving the operating environment for SMEs.

    [[Page 918]]

                    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, $314,550,000.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1005-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    01.01 Direct Program Activities.........         300         310         315
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................         300         310         315
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......         295         310         315
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           5
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         300         310         315
    23.95 Total new obligations.............        -300        -310        -315
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         209         310         315
    41.00   Transferred to other accounts...         -34
    42.00   Transferred from other accounts.         120
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         295         310         315
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          25          21          15
    73.10 Total new obligations.............         300         310         315
    73.20 Total outlays (gross).............        -299        -316        -315
    73.40 Adjustments in expired accounts
            (net)...........................          -2
    73.45 Recoveries of prior year
            obligations.....................          -5
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................           2
    74.40 Obligated balance, end of year....          21          15          15
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         277         288         293
    86.93 Outlays from discretionary
            balances........................          22          28          22
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         299         316         315
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....           2
          Against gross budget authority only:

    88.96   Portion of offsetting
              collections (cash) credited to
              expired accounts..............          -2
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         295         310         315
    90.00 Outlays...........................         299         316         315
    ---------------------------------------------------------------------------

        In addition to its assessed payments, the United States contributes
    to voluntary funds of many international organizations and programs
    involved in a wide range of sustainable development, humanitarian, and
    scientific activities. The 2004 request includes $120 million for the UN
    Children's Fund.

    Credit accounts:

                               Debt Restructuring

        For the cost, as defined in section 502 of the Congressional Budget
    Act of 1974, of modifying 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 owed
    to the United States as a result of concessional loans made to eligible
    countries, pursuant to parts IV and V of the Foreign Assistance Act of
    1961, and of modifying concessional credit agreements with least
    developed countries, as authorized under section 411 of the Agricultural
    Trade Development and Assistance Act of 1954, as amended, and
    concessional loans, guarantees and credit agreements, as authorized
    under section 572 of the Foreign Operations, Export Financing, and
    Related Programs Appropriations Act, 1989 Public Law 100-461), and of
    canceling amounts owed, as a result of loans or guarantees made pursuant
    to the Export-Import Bank Act of 1945, by countries that are eligible
    for debt reduction pursuant to title V of H.R. 3425 as enacted into law
    by section 1000(a)(5) of Public Law 106-113, $395,000,000, to remain
    available until expended: Provided, That not less than $20,000,000 of
    the funds appropriated under this heading shall be made available to
    carry out the provisions of part V of the Foreign Assistance Act of
    1961: Provided further, $75,000,000 of the funds appropriated under this
    heading may be used by the Secretary of the Treasury to pay to the
    Heavily Indebted Poor Countries (HIPC) Trust Fund administered by the
    International Bank for Reconstruction and Development amounts for the
    benefit of countries that are eligible for debt reduction pursuant to
    title V of H.R. 3425 as enacted into law by section 1000(a)(5) of Public
    Law 106113: Provided further, That amounts paid to the HIPC Trust Fund
    may be used only to fund debt reduction under the enhanced HIPC
    initiative by-
            (1) the Inter-American Development Bank;
            (2) the African Development Fund;
            (3) the African Development Bank; and
            (4) the Central American Bank for Economic Integration:
    Provided further, That funds may not be paid to the HIPC Trust Fund for
    the benefit of any country if the Secretary of State has credible
    evidence that the government of such country is engaged in a consistent
    pattern of gross violations of internationally recognized human rights
    or in military or civil conflict that undermines its ability to develop
    and implement measures to alleviate poverty and to devote adequate human
    and financial resources to that end: Provided further, That on the basis
    of final appropriations, the Secretary of the Treasury shall consult
    with the Committees on Appropriations concerning which countries and
    international financial institutions are expected to benefit from a
    United States contribution to the HIPC Trust Fund during the fiscal
    year: Provided further, That the Secretary of the Treasury shall inform
    the Committees on Appropriations not less than 15 days in advance of the
    signature of an agreement by the United States to make payments to the
    HIPC Trust Fund of amounts for such countries and institutions: Provided
    further, That the Secretary of the Treasury may disburse funds
    designated for debt reduction through the HIPC Trust Fund only for the
    benefit of countries that--
            (a) have committed, for a period of 24 months, not to accept new
        market rate loans from the international financial institution
        receiving debt repayment as a result of such disbursement, other
        than loans made by such institution to export-oriented commercial
        projects that generate foreign exchange which are generally referred
        to as 'enclave' loans; and
            (b) have documented and demonstrated their commitment to
        redirect their budgetary resources from international debt
        repayments to programs to alleviate poverty and promote economic
        growth that are additional to or expand upon those previously
        available for such purposes:
    Provided further, That any limitation of subsection (e) of section 411
    of the Agricultural Trade Development and Assistance Act of 1954 shall
    not apply to funds appropriated under this heading: Provided further,
    That none of the funds made available under this heading in this or any
    other appropriations Acts shall be made available for Sudan or Burma
    unless the Secretary of Treasury determines and notifies the Committees
    on Appropriations that a democratically elected government has taken
    office.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0091-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    0101  Debt restructuring, downward
            reestimates of subsidies........                       4
    ---------------------------------------------------------------------------

    [[Page 919]]

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0091-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.05 Upward reestimate (DSCA)..........                       2
    01.01 Bilateral Debt Reduction..........          55          62         300
    01.02 HIPC Trust Fund...................         402          75          75
    01.03 Tropical Forest Conservation
            Initiative......................          11           6          20
    01.05 Foreign Credit Reporting System...           1           1
                                               ---------   ---------  ----------
    01.91   Direct Program by Activities--
              Subtotal (1 level)............         469         144         395
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................         469         146         395
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         347         144
    22.00 New budget authority (gross)......         251           2         395
    22.22 Unobligated balance transferred
            from other accounts.............          14
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         612         146         395
    23.95 Total new obligations.............        -469        -146        -395
    24.40 Unobligated balance carried
            forward, end of year............         144
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         229                     395
    42.00   Transferred from other accounts.          22
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         251                     395
          Mandatory:

    60.00   Appropriation...................                       2
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         251           2         395
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          92         302         222
    73.10 Total new obligations.............         469         146         395
    73.20 Total outlays (gross).............        -259        -226        -333
    74.40 Obligated balance, end of year....         302         222         284
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          22                     138
    86.93 Outlays from discretionary
            balances........................         237         224         195
    86.97 Outlays from new mandatory
            authority.......................                       2
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         259         226         333
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         251           2         395
    90.00 Outlays...........................         259         226         333
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 11-0091-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Direct loan subsidy budget authority:
    133001Subsidy budget authority--Export-
            Import Bank.....................          47          20         165
    133002Subsidy budget authority--U.S.
            Agency for International
            Development.....................          11          20          27
    133003Subsidy budget authority--U.S.
            Department of Agriculture.......           8          33          67
    133004Subsidy budget authority--Defense
            Security Cooperation Agency.....                                  33
                                               ---------   ---------  ----------
    133901Total subsidy budget authority....          66          73         292
        Direct loan subsidy outlays:
    134001Subsidy outlays to the Export-
            Import Bank.....................          47          20         165
    134002Subsidy outlays to the U.S. Agency
            for International Development...          11          20          27
    134003Subsidy outlays to the U.S.
            Department of Agriculture.......           8          33          67
    134004Subsidy outlays to the Defense
            Security Cooperation Agency.....                                  33
                                               ---------   ---------  ----------
    134901Total subsidy outlays.............          66          73         292
        Direct loan upward reestimate subsidy budget
                    authority:
    135004Upward reestimates subsidy budget
            authority DSCA..................                       2
                                               ---------   ---------  ----------
    135901Total upward reestimate budget
            authority.......................                       2
        Direct loan upward reestimate subsidy outlays:
    136004Upward reestimates subsidy
            outlays--DSCA...................                       2
                                               ---------   ---------  ----------
    136901Total upward reestimate outlays...                       2
        Direct loan downward reestimate subsidy budget
                    authority:
    137002Downward reestimates subsidy
            budget authority USAID..........                      -4
                                               ---------   ---------  ----------
    137901Total downward reestimate budget
            authority.......................                      -4
        Direct loan downward reestimate subsidy
                    outlays:
    138002Downward reestimates subsidy
            outlays--USAID..................                      -4
                                               ---------   ---------  ----------
    138901Total downward reestimate subsidy
            outlays.........................                      -4
    ---------------------------------------------------------------------------

        Debt Reduction for the Poorest.--For the poorest countries, debt
    reduction provides an incentive to implement macroeconomic and
    structural reforms necessary to improve economic performance and
    creditworthiness. Debt relief, economic reform and poverty reduction
    contribute to economic growth and social development, which can mean
    expanded opportunities for trade and investment for the United States.
    For the poorest and most heavily indebted countries, the United States
    will continue support for the Paris Club of official creditors and
    provide additional relief complementary to the enhanced Heavily Indebted
    Poor Country (HIPC) Initiative.

        To support this initiative, the Administration requests $75 million
    to fund a portion of the U.S. pledge of $150 million to help meet the
    additional financing needs of the HIPC Trust Fund. The U.S. pledge
    supports the President's commitment at the 2002 G-8 Summit in
    Kananaskis, Canada to fund a share of the HIPC financing shortfall. In
    addition, the Administration requests $300 million to fund bilateral
    HIPC debt reduction for the Democratic Republic of the Congo. The HIPC
    Trust Fund, administered by the World Bank, helps regional development
    banks and other multilateral institutions meet their costs of debt
    relief. The Administration expects that the U.S. contribution to the
    HIPC Trust Fund will continue to leverage contributions from other
    creditors.

        Tropical Forest Debt Relief. The Tropical Forest Conservation Act
    (TFCA) received strong bipartisan support and was signed into law by the
    President in July 1998. Modeled after the very successful Enterprise for
    the Americas Initiative (EAI), P.L. 105-214 allows the Administration to
    reduce outstanding concessional USAID and PL-480 debt stocks to support
    conservation of the endangered tropical forests and promote economic
    reforms in eligible countries. Debt relief or buybacks in eligible
    countries will leverage payment of local currency resources into funds
    to support programs to conserve their tropical forests. TFCA debt
    reduction agreements have been concluded with five countries:
    Bangladesh, Belize, El Salvador, Peru and the Philippines. In total,
    these countries will save over $62 million in hard currency payments as
    a result of these agreements to swap external debt for forest
    conservation. To support this program, the Administration requests $20
    million for the Treasury Debt Restructuring account.

                      AGENCY FOR INTERNATIONAL DEVELOPMENT

                                  Federal Funds

    General and special funds:

                       Funds Appropriated to the President

        For expenses necessary to enable the President to carry out the
    provisions of the Foreign Assistance Act of 1961, and for other
    purposes, to remain available until September 30, 2004, unless otherwise
    specified herein, as follows:

                             Development Assistance

        For necessary expenses to carry out the provisions of sections 103,
    105 and 106, and chapter 10 of part I of the Foreign Assistance Act of
    1961, $1,345,000,000, to remain available until September 30, 2005.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

    [[Page 920]]

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1021-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Functional development assistance.       1,176       1,500       1,324
    09.00 Reimbursable program..............           9
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       1,185       1,500       1,324
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         143         149
    22.00 New budget authority (gross)......       1,160       1,366       1,324
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          33
    22.21 Unobligated balance transferred to
            other accounts..................          -1         -15
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,335       1,500       1,324
    23.95 Total new obligations.............      -1,185      -1,500      -1,324
    23.98 Unobligated balance expiring or
            withdrawn.......................          -3
    24.40 Unobligated balance carried
            forward, end of year............         149
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................       1,178       1,366       1,345
    40.35   Appropriation rescinded.........         -17
    41.00   Transferred to other accounts...         -11                     -21
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............       1,150       1,366       1,324
          Spending authority from offsetting
              collections:

    68.00   Offsetting collections (cash)...           9
    68.10   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................           1
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total discretionary).......          10
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       1,160       1,366       1,324
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..       2,364       2,308       2,491
    73.10 Total new obligations.............       1,185       1,500       1,324
    73.20 Total outlays (gross).............      -1,209      -1,317      -1,425
    73.45 Recoveries of prior year
            obligations.....................         -33
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -1
    74.40 Obligated balance, end of year....       2,308       2,491       2,390
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          58         137         132
    86.93 Outlays from discretionary
            balances........................       1,151       1,180       1,293
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       1,209       1,317       1,425
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -9
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       1,150       1,366       1,324
    90.00 Outlays...........................       1,200       1,317       1,425
    ---------------------------------------------------------------------------

        Development Assistance Programs.--This account supports Agency
    efforts to address the manifestations and causes of poverty and
    underdevelopment overseas. This is accomplished through three strategic
    areas of emphasis or pillars: the Global Development Alliance, and two
    program pillars; Economic Growth, Agriculture and Trade; and Democracy,
    Conflict and Humanitarian Assistance.

         The Global Development Alliance (GDA) is USAID's emerging
    business model and the first pillar of its strategic approach. It uses
    public-private alliances to address global poverty, disease, hunger,
    economic growth, education, environment, and population issues. The
    approach is built on the 21st century realities of limited official
    development assistance resources from the public sector, and significant
    and growing resources and involvement in international development
    activities by the private sector and civil society. All alliances are
    funded and managed by the USAID mission or technical or regional bureau
    where they operate. Increasingly, USAID is programming alliances through
    normal bilateral programs.

         Economic Growth, Agriculture and Trade subsumes efforts to
    increase agricultural production and food security, to foster human
    resource development including improved and expanded access to quality
    basic education especially for girls and women, to expand access to
    micro-credit, improve the business trade, and investment climate in
    developing countries through the expansion and strengthening of critical
    private markets, and to protect the environment.

         Democracy, Conflict and Humanitarian Assistance programs
    support the USG response to international disasters, help emerging
    countries cope with the transition from crisis to development, and
    support the growth of democracy through programs that strengthen the
    rule of law and respect for human rights, encourage credible and
    competitive political processes, promote the development of a
    politically active civil society, and encourage more transparent and
    accountable government institutions.

        The Administration's request also includes funding designed to
    leverage the resources of non-governmental organizations, the private
    sector, and other donors to achieve a much greater level of impact in
    these areas than is possible with the limited USAID resources alone.

        The request also assumes reduced restrictions on subaccount
    appropriations to reflect a more realistic set of activities and to more
    directly relate sectoral priorities to field programs.

        This account includes programs to help cover extraordinary needs in
    Afghanistan and a major increase in basic education programs, including
    full funding of the President's Africa Education Initiative.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1021-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    21.0    Travel and transportation of
              persons.......................           2           2           2
    22.0    Transportation of things........           3           4           3
    25.1    Advisory and assistance services          20          25          22
    25.2    Other services..................          80         100          85
    26.0    Supplies and materials..........           8           9           8
    41.0    Grants, subsidies, and
              contributions.................       1,063       1,360       1,204
                                               ---------   ---------  ----------
    99.0      Direct obligations............       1,176       1,500       1,324
    99.0  Reimbursable obligations..........           9
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       1,185       1,500       1,324
    ---------------------------------------------------------------------------

                     Child Survival and Health Programs Fund

        For necessary expenses to carry out chapters 1 and 10 of part I of
    the Foreign Assistance Act of 1961, for child survival, reproductive
    health/family planning, assistance to combat tropical and other
    infectious diseases, and related activities, in addition to funds
    otherwise available for such purposes, $1,495,000,000, to remain
    available until expended: Provided, That this amounts shall be made
    available for such activities as: (1) immunization programs; (2) oral
    rehydration programs; (3) health, nutrition, water and sanitation
    programs, and related education programs, which directly address the
    needs of mothers and children; (4) assistance for displaced and orphaned
    children; (5) programs for the prevention, treatment, and control of,
    and research on, tuberculosis, HIV/AIDS, polio, malaria)and other
    infectious diseases; and (6) family planning/reproductive health:
    Provided further, That none of the funds appropriated under this heading
    may be made available for nonproject assistance, except that funds may
    be made available for such assistance for ongoing health programs:
    Provided further, That of the funds appropriated under this heading, up
    to $100,000,000 may be made available for a United States contribution
    to the Global Fund to Fight AIDS, Tuberculosis and Ma

    [[Page 921]]

    laria, and shall be expended at the minimum rate necessary to make
    timely payments for projects and activities: 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 Act 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: Provided further, That none of
    the funds made available under this Act may be used to lobby for or
    against abortion: Provided further, 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, and that any such voluntary family
    planning project shall meet the following requirements: (1) service
    providers or referral agents in the project shall not implement or be
    subject to quotas, or other numerical targets, of total number of
    births, number of family planning acceptors, or acceptors of a
    particular method of family planning (this provision shall not be
    construed to include the use of quantitative estimates or indicators for
    budgeting and planning purposes); (2) the project shall not include
    payment of incentives, bribes, gratuities, or financial reward to: (A)
    an individual in exchange for becoming a family planning acceptor; or
    (B) program personnel for achieving a numerical target or quota of total
    number of births, number of family planning acceptors, or acceptors of a
    particular method of family planning; (3) the project shall not deny any
    right or benefit, including the right of access to participate in any
    program of general welfare or the right of access to health care, as a
    consequence of any individual's decision not to accept family planning
    services; (4) the project shall provide family playing acceptors
    comprehensible information on the health benefits and risks of the
    method chosen, including those conditions that might render the use of
    the method inadvisable and those adverse side effects known to be
    consequent to the use of the method; and (5) the project shall ensure
    that experimental contraceptive drugs and devices and medical procedures
    are provided only in the context of a scientific study in which
    participants are advised of potential risks and benefits; and, not less
    than 60 days after the date on which the Administrator of the United
    States Agency for International Development determines that there has
    been a violation of the requirements contained in paragraph (1), (2),
    (3), or (5) of this proviso, or a pattern or practice of violations of
    the requirements contained in paragraph (4) of this proviso, the
    Administrator shall submit to the Committees on Appropriations of the
    Senate and the House of Representatives, a report containing a
    description of such violation and the corrective action taken by the
    Agency: 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.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1095-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................       1,422       1,546       1,495
                                               ---------   ---------  ----------
    10.00   Total new obligations...........       1,422       1,546       1,495
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         150          72
    22.00 New budget authority (gross)......       1,341       1,474       1,495
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......       1,494       1,546       1,495
    23.95 Total new obligations.............      -1,422      -1,546      -1,495
    24.40 Unobligated balance carried
            forward, end of year............          72
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................       1,434       1,474       1,495
    40.36   Unobligated balance rescinded...         -10
    41.00   Transferred to other accounts...        -120
    42.00   Transferred from other accounts.          34
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............       1,338       1,474       1,495
          Spending authority from offsetting
              collections:

    68.00   Offsetting collections (cash)...           2
    68.10   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................           1
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total discretionary).......           3
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................       1,341       1,474       1,495
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..       1,288       1,684       2,038
    73.10 Total new obligations.............       1,422       1,546       1,495
    73.20 Total outlays (gross).............      -1,022      -1,192      -1,345
    73.45 Recoveries of prior year
            obligations.....................          -3
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -1
    74.40 Obligated balance, end of year....       1,684       2,038       2,188
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         240         147         150
    86.93 Outlays from discretionary
            balances........................         782       1,045       1,195
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........       1,022       1,192       1,345
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -2
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................       1,338       1,474       1,495
    90.00 Outlays...........................       1,020       1,192       1,345
    ---------------------------------------------------------------------------

        Child Survival and Health Programs include activities that promote
    family planning/reproductive health, child survival and maternal health,
    including the primary causes of morbidity and mortality, polio,
    micronutrients and iodine deficiency as well as activities directed at
    vulnerable children, reducing HIV transmission and the impact of the
    HIV/AIDS pandemic in developing countries. Funding is also requested to
    address the threat of other infectious diseases of major public health
    importance such as tuberculosis, malaria, and to increase antimicrobial
    resistance. Funding is also included for the Administration's new
    initiative in HIV/AIDS-Mother-to-Child Transmission.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1095-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    21.0    Travel and transportation of
              persons.......................           7           8           8
    25.2    Other services..................         100         110         110
    41.0    Grants, subsidies, and
              contributions.................       1,310       1,428       1,377
                                               ---------   ---------  ----------
    99.0      Direct obligations............       1,417       1,546       1,495
    99.0  Reimbursable obligations..........           2
    41.0  Allocation Account: Grants,
            subsidies, and contributions....           3
                                               ---------   ---------  ----------
    99.9    Total new obligations...........       1,422       1,546       1,495
    ---------------------------------------------------------------------------

    [[Page 922]]

                             Global Aids Initiative

        For necessary expenses to carry out the provisions of the Foreign
    Assistance Act of 1961 for the prevention, treatment, and control of,
    and research on, HIV/AIDS, $450,000,000, to remain available until
    expended: Provided, That funds appropriated under this heading may be
    used for a United States Contribution to the Global Fund to Fight AIDS,
    Tuberculosis and Malaria: Provided further, That funds made available
    under the heading, ``Child Survival and Health Programs,'' in this Act
    and funds for international HIV/AIDS programs in other appropriations
    Act may be transferred to and merged with funds available under this
    heading.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1030-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program activity...........                                 450
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                 450
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                 450
    23.95 Total new obligations.............                                -450
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................                                 450
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                 450
    73.20 Total outlays (gross).............                                 -68
    74.40 Obligated balance, end of year....                                 382
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................                                  68
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                                 450
    90.00 Outlays...........................                                  68
    ---------------------------------------------------------------------------

        In his State of the Union Address on January 29, 2003, President
    Bush called for a new initiative to enhance the commitment of the United
    States to preventing the global spread of AIDS and to developing and
    delivering more effective treatments to the tens of millions of people
    overseas already infected and threatened with infection. The increased
    funds over the next five years will go into a new account for global
    AIDS initiatives. When these funds are added to existing international
    HIV/AIDS programs--primarily in the Agency for International
    Development, the Department of Health and Human Services, and the Global
    Fund to fight AIDS, Tuberculosis and Malaria--the total United States
    commitment to this global effort will reach $15 billion over five years.

        The President's initiative will be administered by a new AIDS
    Coordinator in the Department of State. It will be used to fund existing
    HIV/AIDS programs, such as the Global Fund to Fight AIDS, Tuberculosis
    and Malaria, and new programs created by the public organizations and
    private non-governmental organizations, especially faith-based volunteer
    organizations that are providing local and global communities with
    strategies to confront the HIV/AIDS pandemic.

                           Development Fund for Africa

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1014-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

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

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          16          11
    22.00 New budget authority (gross)......          -8
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           9
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          17          11
    23.95 Total new obligations.............          -5         -11
    24.40 Unobligated balance carried
            forward, end of year............          11
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.36   Unobligated balance rescinded...          -8
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         108          44          25
    73.10 Total new obligations.............           5          11
    73.20 Total outlays (gross).............         -60         -30         -15
    73.45 Recoveries of prior year
            obligations.....................          -9
    74.40 Obligated balance, end of year....          44          25          10
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................          60          30          15
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          -8
    90.00 Outlays...........................          60          30          15
    ---------------------------------------------------------------------------

        For 2004 development assistance to Africa will be requested in the
    Development Assistance account.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1014-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................                       1
    41.0  Grants, subsidies, and
            contributions...................           5          10
                                               ---------   ---------  ----------
    99.9    Total new obligations...........           5          11
    ---------------------------------------------------------------------------

               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, $435,000,000, to remain available until
    September 30, 2005, which shall be available, notwithstanding any other
    provision of law, for 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) Notwithstanding any provision of this or any other Act, local
    currencies generated by, or converted from, funds appropriated by this
    Act and by previous appropriations Acts and made available for the
    economic revitalization program in Bosnia may be used in Eastern Europe
    and the Baltic States to carry out the provisions of the Foreign
    Assistance Act of 1961 and the Support for East European Democracy
    (SEED) Act of 1989.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1010-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program activity...........         496         615         435
                                               ---------   ---------  ----------

    [[Page 923]]

    10.00   Total new obligations...........         496         615         435
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         156         120
    22.00 New budget authority (gross)......         462         495         435
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           9
    22.21 Unobligated balance transferred to
            other accounts..................         -11
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         616         615         435
    23.95 Total new obligations.............        -496        -615        -435
    23.98 Unobligated balance expiring or
            withdrawn.......................          -1
    24.40 Unobligated balance carried
            forward, end of year............         120
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         621         495         435
    40.36   Unobligated balance rescinded...          -9
    41.00   Transferred to other accounts...        -151
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         461         495         435
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............           1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         462         495         435
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         626         597         844
    73.10 Total new obligations.............         496         615         435
    73.20 Total outlays (gross).............        -515        -368        -413
    73.40 Adjustments in expired accounts
            (net)...........................          -1
    73.45 Recoveries of prior year
            obligations.....................          -9
    74.40 Obligated balance, end of year....         597         844         866
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          51          53          50
    86.93 Outlays from discretionary
            balances........................         464         315         363
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         515         368         413
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

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

        Net budget authority and outlays:
    89.00 Budget authority..................         461         495         435
    90.00 Outlays...........................         515         368         413
    ---------------------------------------------------------------------------

        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 Assistance for Eastern Europe and the Baltic
    States (AEEB) programs concentrate on (a) the development and
    strengthening of institutions and civic action necessary for sustainable
    democracy; (b) the development of market economies and a strong private
    sector; and (c) the improvement of the basic quality of life in selected
    areas. This interagency program is managed by the AEEB coordinator, who
    is located in the State Department's Bureau of European and Eurasian
    Affairs.

        AEEB assistance is now focused primarily on Southeast Europe, with
    the single largest program designed for Serbia. The U.S. is contributing
    to international efforts toward recovery from the conflict with
    Milosevic through building effective governance and a functioning
    economy in the successor states of the former Yugoslavia. While
    implementation of the Dayton Accords still requires significant, albeit
    diminishing, support in Bosnia, two wars in the region in recent years
    have demonstrated the need for a special effort to provide for peaceful
    cooperation among neighbors. The Stability Pact of Southeast Europe
    builds on the country programs in the Balkans to help stabilize the
    region as a whole and prepare for integration into the European and
    international mainstream. It is anticipated that 2006 will be the last
    year of AEEB assistance for Bulgaria.

        Beginning in 2004, funding for exchange programs in Eastern Europe
    and the Baltic States will be consolidated into and administered by the
    State Department bureau of Educational and Cultural Exchange programs.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1010-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    21.0    Travel and transportation of
              persons.......................           1           2           1
    25.1    Advisory and assistance services          40          50          33
    25.2    Other services..................          75          95          65
    41.0    Grants, subsidies, and
              contributions.................         345         468         336
                                               ---------   ---------  ----------
    99.0      Direct obligations............         461         615         435
    41.0  Allocation Account: Grants,
            subsidies, and contributions....          35
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         496         615         435
    ---------------------------------------------------------------------------

        Assistance for the Independent States of the Former Soviet Union

        (a) For necessary expenses to carry out the provisions of chapters
    11 and 12 of part I of the Foreign Assistance Act of 1961 and the
    FREEDOM Support Act, for assistance for the Independent States of the
    former Soviet Union and for related programs, $576,000,000, to remain
    available until September 30, 2005: Provided, That the provisions of
    such chapters shall apply to funds appropriated by this paragraph:
    Provided further, That funds made available for the Southern Caucasus
    region may be used, notwithstanding any other provision of law, for
    confidence-building measures and other activities in furtherance of the
    peaceful resolution of the regional conflicts, especially those in the
    vicinity of Abkhazia and Nagorno-Karabagh.
             (b) 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 or
        non-proliferation assistance;
            (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);
            (3) any activity carried out by a member of the United States
        and Foreign Commercial Service while acting within his or her
        official capacity;
            (4) any insurance, reinsurance, guarantee or other assistance
        provided by the Overseas Private Investment Corporation under title
        IV of chapter 2 of part I of the Foreign Assistance Act of 1961 (22
        U.S.C. 2191 et seq.);
            (5) any financing provided under the Export-Import Bank Act of
        1945; or
            (6) humanitarian assistance.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1093-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    0101  Negative subsidies/subsidy
            reestimates.....................          34
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1093-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........         665       1,017         576
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         665       1,017         576
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         251         262
    22.00 New budget authority (gross)......         624         755         576
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          16
    22.21 Unobligated balance transferred to
            other accounts..................         -24
    22.22 Unobligated balance transferred
            from other accounts.............          63
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         930       1,017         576
    23.95 Total new obligations.............        -665      -1,017        -576
    23.98 Unobligated balance expiring or
            withdrawn.......................          -4
    24.40 Unobligated balance carried
            forward, end of year............         262
    ----------------------------------------------------------------------------

    [[Page 924]]

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         894         755         576
    40.36   Unobligated balance rescinded...         -16
    41.00   Transferred to other accounts...        -254
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         624         755         576
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         645         687       1,154
    73.10 Total new obligations.............         665       1,017         576
    73.20 Total outlays (gross).............        -600        -550        -614
    73.40 Adjustments in expired accounts
            (net)...........................          -6
    73.45 Recoveries of prior year
            obligations.....................         -16
    74.40 Obligated balance, end of year....         687       1,154       1,116
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          95          68          56
    86.93 Outlays from discretionary
            balances........................         505         482         558
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         600         550         614
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         624         755         576
    90.00 Outlays...........................         600         550         614
    ---------------------------------------------------------------------------

        This account provides funds for a program of assistance to the
    independent states that emerged from the former Soviet Union. This
    request will fund continuing programs of USAID and other agencies in
    support of economic and democratic transitions.

        Collectively, these programs for the Independent States are designed
    to consolidate 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 by 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 by promoting
    citizen participation, promoting independent media establishing the rule
    of law, and strengthening local governments.

        In 2004, funding for exchange programs in the former Soviet Union
    will be consolidated into and administered by the State Department
    bureau of Educational and Cultural Exchange programs. Program resources
    requested in 2004 will be aimed at: (1) 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; (2) mitigating the social impact of transitions
    in order to broaden public support for needed reforms; and (3)
    addressing health problems more deliberately. Assistance to central
    governments will be highly selective.

        Funding is requested to encourage front line states of Central Asia,
    as well as Armenia, Azerbaijan, and Georgia to support the anti-
    terrorism campaign and address regional stability issues. At the same
    time, Russia and Ukraine will begin the process of graduation from
    economic assistance in 2004.

        Funding is also requested for programs such as the Civilian Research
    and Development Foundation and export control and border security
    enhancements in Georgia. These efforts contribute to economic and
    infrastructure reforms as well as to reducing risks of proliferation of
    weapons of mass destruction, weapons delivery systems, materials,
    technology and scientific and technical expertise and reduce regional
    tensions.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1093-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    21.0    Travel and transportation of
              persons.......................           2           3           2
    25.1    Advisory and assistance services          20          30          20
    25.2    Other services..................          60          94          60
    41.0    Grants, subsidies, and
              contributions.................         522         890         494
                                               ---------   ---------  ----------
    99.0      Direct obligations............         604       1,017         576
    41.0  Allocation Account: Grants,
            subsidies, and contributions....          61
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         665       1,017         576
    ---------------------------------------------------------------------------

                     Sub-Saharan Africa Disaster Assistance

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1040-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

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

        Change in obligated balances:
    72.40 Obligated balance, start of year..           4           3           2
    73.20 Total outlays (gross).............          -1          -1          -1
    74.40 Obligated balance, end of year....           3           2           1
    ----------------------------------------------------------------------------

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

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

        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, $235,500,000, to remain
    available until expended.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1035-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program activity...........         392         340         236
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         392         340         236
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          14          54
    22.00 New budget authority (gross)......         326         286         236
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          11
    22.22 Unobligated balance transferred
            from other accounts.............          96
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         447         340         236
    23.95 Total new obligations.............        -392        -340        -236
    24.40 Unobligated balance carried
            forward, end of year............          54
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         326         286         236
    ----------------------------------------------------------------------------

    [[Page 925]]

        Change in obligated balances:
    72.40 Obligated balance, start of year..         354         329         359
    73.10 Total new obligations.............         392         340         236
    73.20 Total outlays (gross).............        -407        -309        -301
    73.45 Recoveries of prior year
            obligations.....................         -11
    74.40 Obligated balance, end of year....         329         359         294
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          59          71          59
    86.93 Outlays from discretionary
            balances........................         348         238         242
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         407         309         301
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         326         286         236
    90.00 Outlays...........................         407         309         301
    ---------------------------------------------------------------------------

        The International Disaster Assistance (IDA) account provides funds
    for the Office of U.S. Foreign Disaster Assistance (OFDA). 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 $235.5 million request for OFDA for 2004 will be
    used to provide relief services and commodities including temporary
    shelter, blankets, supplementary food, potable water, medical supplies
    and agricultural rehabilitation aid, including seeds and hand tools. The
    2003 request level included $50 million for extraordinary one-time
    relief requirements in the West Bank and Gaza.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1035-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    21.0  Travel and transportation of
            persons.........................           2           2           2
    25.2  Other services....................          58          50          35
    41.0  Grants, subsidies, and
            contributions...................         332         288         199
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         392         340         236
    ---------------------------------------------------------------------------

                                   Famine Fund

        For necessary expenses for famine relief, mitigation, and prevention
    pursuant to section 491 of the Foreign Assistance Act of 1961, as
    amended, $200,000,000, to remain available until expended.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1029-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program activity...........                                 200
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                                 200
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                                 200
    23.95 Total new obligations.............                                -200
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................                                 200
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                                 200
    73.20 Total outlays (gross).............                                 -50
    74.40 Obligated balance, end of year....                                 150
    ----------------------------------------------------------------------------

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

        Net budget authority and outlays:
    89.00 Budget authority..................                                 200
    90.00 Outlays...........................                                  50
    ---------------------------------------------------------------------------

        The Famine Fund is a new, flexible tool for the President to use in
    U.S.-led multilateral efforts to reduce the incidence of famine by
    addressing its root causes, and to respond more efficiently and
    effectively to famines that cannot be prevented, while more equitably
    sharing the burden of this response with other donors. The Fund, which
    will draw upon the broad disaster assistance authorities in the Foreign
    Assistance Act, will be managed by USAID under the foreign policy
    direction of the Secretary of State and subject to approval by the
    President.

        Operating Expenses of the United States Agency for International
                                   Development

        For necessary expenses to carry out the provisions of section 667,
    $604,100,000.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1000-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................         591         603         598
    00.02 Foreign national separation fund..           4           2           4
    09.00 Reimbursable program..............           8           6           6
    09.01 Reimbursable program from Working
            Capital Fund (72-4513)..........           2           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         605         613         610
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          31          34          10
    22.00 New budget authority (gross)......         575         578         610
    22.10 Resources available from
            recoveries of prior year
            obligations.....................          18          11          10
    22.22 Unobligated balance transferred
            from other accounts.............          15
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         639         623         630
    23.95 Total new obligations.............        -605        -613        -610
    24.40 Unobligated balance carried
            forward, end of year............          34          10          20
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         556         572         604
    42.00   Transferred from other accounts.          11
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............         567         572         604
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (cash)..............           8           6           6
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         575         578         610
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         189         168         212
    73.10 Total new obligations.............         605         613         610
    73.20 Total outlays (gross).............        -608        -556        -591
    73.45 Recoveries of prior year
            obligations.....................         -18         -11         -10
    74.40 Obligated balance, end of year....         168         212         221
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         442         429         453
    86.93 Outlays from discretionary
            balances........................         166         127         138
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         608         556         591
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........          -8          -6          -6
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         567         572         604
    90.00 Outlays...........................         600         550         585
    ----------------------------------------------------------------------------

    Additional net budget authority and outlays to cover cost of fully accruing
                                     retirement:
    99.00 Budget authority..................          14          14          16
    99.01 Outlays...........................          14          14          16
    ---------------------------------------------------------------------------

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

    [[Page 926]]

    grams, including salaries and other expenses of direct hire personnel as
    well as costs associated with physical security of Agency 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. Included in this
    account are funds from the Emergency Relief Fund in 2002--$15 million;
    and the Further Recovery from and Response to Terrorist Act--$7 million.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1000-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........         167         173         179
    11.3      Other than full-time permanent           2           2           3
    11.5      Other personnel compensation..          14          14          14
    11.8      Special personal services
                payments....................          51          53          53
                                               ---------   ---------  ----------
    11.9        Total personnel compensation         234         242         249
    12.1    Civilian personnel benefits.....          65          75          80
    13.0    Benefits for former personnel...           1           1           1
    21.0    Travel and transportation of
              persons.......................          24          24          24
    22.0    Transportation of things........           9           9           9
    23.1    Rental payments to GSA..........          31          31          34
    23.2    Rental payments to others.......          28          29          29
    23.3    Communications, utilities, and
              miscellaneous charges.........           8           8           9
    24.0    Printing and reproduction.......           2           1           1
    25.1    Advisory and assistance services           7           7           4
    25.2    Other services..................          60          60          57
    25.3    Other purchases of goods and
              services from Government
              accounts......................          33          33          34
    25.4    Operation and maintenance of
              facilities....................           9           9           9
    25.7    Operation and maintenance of
              equipment.....................          29          29          29
    26.0    Supplies and materials..........           9           7           5
    31.0    Equipment.......................          35          34          25
    32.0    Land and structures.............          12           7           4
    42.0    Insurance claims and indemnities           1           1           1
                                               ---------   ---------  ----------
    99.0      Direct obligations............         597         607         604
    99.0  Reimbursable obligations..........           8           6           6
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         605         613         610
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 72-1000-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................       2,193       2,210       2,245
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................           6           6           6
    ---------------------------------------------------------------------------

                             Capital Investment Fund

        For necessary expenses for overseas construction and related costs,
    and for the procurement and enhancement of information technology and
    related capital investments, pursuant to section 667, $146,300,000, to
    remain available until expended: Provided, That this amount is in
    addition to funds otherwise available for such purposes.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-0300-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Information Technology............                      13          20
    00.02 New Construction from Terrrorist
            Response........................                      82         106
                                               ---------   ---------  ----------
    10.00   Total new obligations...........                      95         126
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......                      95         146
    23.95 Total new obligations.............                     -95        -126
    24.40 Unobligated balance carried
            forward, end of year............                                  20
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

            Appropriation:
    40.00     Appropriation.................                      13          20
    40.00     Appropriation.................                      82         126
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............                      95         146
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..                                  83
    73.10 Total new obligations.............                      95         126
    73.20 Total outlays (gross).............                     -13         -35
    74.40 Obligated balance, end of year....                      83         174
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................                      13          19
    86.93 Outlays from discretionary
            balances........................                                  16
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........                      13          35
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................                      95         146
    90.00 Outlays...........................                      13          35
    ---------------------------------------------------------------------------

        This account will be established in 2003 for capital investments in
    information technology (IT)-related capital projects; $20 million is
    being requested for this purpose in 2004. Funds from the CIF will only
    be made available after USAID has demonstrated a successful business
    case for its IT investments.

        In this account, the Administration is also requesting funds for the
    construction of overseas facilities to be co-located with the Department
    of State. USAID has fallen behind the Department's construction schedule
    due to lack of funding, resulting in posts where despite the presence of
    a new, secure embassy, USAID personnel are still working in facilities
    that do not meet security standards. The $126.3 million requested for
    construction is intended to bring USAID up to date with the Department's
    schedule by funding USAID facilities at posts where State will have
    begun construction by the end of 2003. For new projects to begin in
    2004, adequate funds are requested in the Department's construction
    account to accommodate all agencies at post, including USAID.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-0300-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    23.3  Communications, utilities, and
            miscellaneous charges...........                       2           4
    25.2  Other services....................                      10           6
    26.0  Supplies and materials............                       3          11
    31.0  Equipment.........................                      12          20
    32.0  Land and structures...............                      68          85
                                               ---------   ---------  ----------
    99.9    Total new obligations...........                      95         126
    ---------------------------------------------------------------------------

                             Transition Initiatives

        For necessary expenses for international disaster rehabilitation and
    reconstruction assistance pursuant to section 491 of the Foreign
    Assistance Act of 1961, $55,000,000, to remain available until expended,
    to support transition to democracy and to long-term development of
    countries in crisis: Provided, That such support may include assistance
    to develop, strengthen, or preserve democratic institutions and
    processes, revitalize basic infrastructure, and foster the peaceful
    resolution of conflict.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

    [[Page 927]]

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1027-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program activity...........          51          60          55
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          51          60          55
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           5           5
    22.00 New budget authority (gross)......          50          55          55
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          56          60          55
    23.95 Total new obligations.............         -51         -60         -55
    24.40 Unobligated balance carried
            forward, end of year............           5
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          50          55          55
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          31          35          53
    73.10 Total new obligations.............          51          60          55
    73.20 Total outlays (gross).............         -46         -42         -43
    73.45 Recoveries of prior year
            obligations.....................          -1
    74.40 Obligated balance, end of year....          35          53          65
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          13          14          14
    86.93 Outlays from discretionary
            balances........................          33          28          29
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          46          42          43
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          50          55          55
    90.00 Outlays...........................          46          42          43
    ---------------------------------------------------------------------------

        The Office of Transition Initiatives (OTI) addresses the
    opportunities and challenges facing conflict-prone countries and those
    making the transition from the initial crisis stage of a complex
    emergency (frequently addressed by the Office of Foreign Disaster
    Assistance) to the path of sustainable development. OTI collaborates
    closely with the Department of State, the National Security Council, the
    Department of Defense, and USAID's regional bureaus in the selection of
    high foreign policy priority countries for OTI's transition assistance
    and in the design and monitoring of OTI programs. OTI's efforts to
    advance peace and stability include support for: demobilization and re-
    integration of ex-combatants; community self-help programs that reduce
    tensions and promote grass-roots democratic media; and conflict
    resolution measures.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1027-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    25.2  Other services....................           5           5           5
    41.0  Grants, subsidies, and
            contributions...................          46          55          50
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          51          60          55
    ---------------------------------------------------------------------------

          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, $43,859,000.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1036-0-1-153      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

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

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

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................          45          45          44
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............          45          45          44
    73.20 Total outlays (gross).............         -45         -45         -44
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          45          45          44
    ----------------------------------------------------------------------------

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

        The 2004 request will finance the 2004 installment of the unfunded
    liability created by the addition of 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 United States Agency for International
                     Development Office of Inspector General

        For necessary expenses to carry out the provisions of section 667,
    $35,000,000, to remain available until September 30, 2005, which sum
    shall be available for the Office of the Inspector General of the United
    States Agency for International Development.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1007-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct program....................          33          36          35
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          33          36          35
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           3           3
    22.00 New budget authority (gross)......          32          33          35
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          38          36          35
    23.95 Total new obligations.............         -33         -36         -35
    24.40 Unobligated balance carried
            forward, end of year............           3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          32          33          35
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          10           9           7
    73.10 Total new obligations.............          33          36          35
    73.20 Total outlays (gross).............         -30         -38         -34
    73.45 Recoveries of prior year
            obligations.....................          -3
    74.40 Obligated balance, end of year....           9           7           8
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          22          25          26
    86.93 Outlays from discretionary
            balances........................           8          12           8
                                               ---------   ---------  ----------

    [[Page 928]]

    87.00   Total outlays (gross)...........          30          38          34
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          32          33          35
    90.00 Outlays...........................          30          38          34
    ----------------------------------------------------------------------------

    Additional net budget authority and outlays to cover cost of fully accruing
                                     retirement:
    99.00 Budget authority..................           1           1           1
    99.01 Outlays...........................           1           1           1
    ---------------------------------------------------------------------------

        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.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1007-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          13          14          15
    11.3      Other than full-time permanent           1           2           2
    11.5      Other personnel compensation..           1
                                               ---------   ---------  ----------
    11.9        Total personnel compensation          15          16          17
    12.1    Civilian personnel benefits.....           5           5           5
    21.0    Travel and transportation of
              persons.......................           1           2           1
    23.1    Rental payments to GSA..........           2           2           2
    23.2    Rental payments to others.......           2           2           2
    25.2    Other services..................           1           1           1
    25.3    Other purchases of goods and
              services from Government
              accounts......................           5           6           5
    31.0    Equipment.......................           1           1           1
                                               ---------   ---------  ----------
    99.0      Direct obligations............          32          35          34
    99.5  Below reporting threshold.........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          33          36          35
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 72-1007-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................         166         169         179
    ---------------------------------------------------------------------------

    Public enterprise funds:

                            Property Management Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4175-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Reimbursable program..............                       1           2
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 32.0)...................                       1           2
    ----------------------------------------------------------------------------

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

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...                       1           1
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............                       1           2
    73.20 Total outlays (gross).............                      -2          -2
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                       1           1
    86.98 Outlays from mandatory balances...                       1           1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........                       2           2
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

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

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

                              Working Capital Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4513-0-4-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Reimbursable program..............           2           2           2
                                               ---------   ---------  ----------
    09.09   Reimbursable program--subtotal
              line..........................           2           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........           2           2           2
    ----------------------------------------------------------------------------

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

        New budget authority (gross), detail:
          Discretionary:

    68.00   Spending authority from
              offsetting collections
              (gross): Offsetting
              collections (cash)............           2           2           2
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           1           1           1
    73.10 Total new obligations.............           2           2           2
    73.20 Total outlays (gross).............          -2          -2          -2
    74.40 Obligated balance, end of year....           1           1           1
    ----------------------------------------------------------------------------

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

        Offsets:
          Against gross budget authority and outlays:

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

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

        The fund, authorized by section 635(m) of the Foreign Assistance Act
    of 1961, finances on a reimbursable basis the costs associated with
    providing administrative support to other agencies under the
    International Cooperative Administrative Support Services (ICASS)
    program overseas. Under

    [[Page 929]]

    ICASS, each agency pays a proportional share of the cost of those
    services they have agreed to receive. Working through inter-agency
    councils at post, all agencies have a say in determining which services
    the USAID mission will provide, defining service standards, reviewing
    costs, and determining funding levels. The fund is also used for deposit
    of rebates from the use of Federal credit cards, the deposits then being
    made available for start-up costs at new ICASS service provider missions
    and for technical support to missions currently providing services.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4513-0-4-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    11.8  Direct obligations: Personnel
            compensation: Special personal
            services payments...............           1           1           1
    99.5  Below reporting threshold.........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........           2           2           2
    ---------------------------------------------------------------------------

       Assistance for the 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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    08.02 Downward Re-estimate paid to
            receipt account.................          34
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          34
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          34
    23.95 Total new obligations.............         -34
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............          34
    73.20 Total financing disbursements
            (gross).........................         -34
    87.00 Total financing disbursements
            (gross).........................          34
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........          34
    ---------------------------------------------------------------------------

        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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................          34
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................          34
        LIABILITIES:
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.          34
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............          34
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position          34
    -----------------------------------------------------------------------------------------------

                        Debt Reduction, Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4137-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Loan purchase from liquidating
            account 72-4103.................           7           5
    00.02 Loan purchase from liquidating
            account 72-4340.................                       3
    00.03 Interest on Treasury borrowing--
            EAI debt........................           4           1           1
                                               ---------   ---------  ----------
    00.91   Direct Program by Activities--
              Subtotal (1 level)............          11           9           1
    08.02 Downward reestimate of subsidy....                       2
    08.04 Interest on Downward Reestimate...                       2
                                               ---------   ---------  ----------
    08.91   Direct Program by Activities--
              Subtotal (1 level)............                       4
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          11          13           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          67          84         105
    22.00 New financing authority (gross)...          74          34          36
    22.40 Capital transfer to general fund..                                  -7
    22.60 Portion applied to repay debt.....         -48
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          93         118         134
    23.95 Total new obligations.............         -11         -13          -1
    24.40 Unobligated balance carried
            forward, end of year............          84         105         133
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Mandatory:

    67.10   Authority to borrow.............                       3
          Spending authority from offsetting
              collections:

            Discretionary:
              Offsetting collections (cash):
    68.00       Offsetting collections
                  (cash)....................          63          19          16
    68.00       Offsetting collections (debt
                  reduction)................          11          20          27
    68.47     Portion applied to repay debt.                      -8          -7
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....          74          31          36
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................          74          34          36
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............          11          13           1
    73.20 Total financing disbursements
            (gross).........................         -11         -13          -1
    87.00 Total financing disbursements
            (gross).........................          11          13           1
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............         -11         -20         -27
    88.25     Interest on uninvested funds..          -6          -4          -1
    88.40     Non-federal sources
                (principal).................         -57         -15         -15
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -74         -39         -43
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............                      -5          -7
    90.00 Financing disbursements...........         -63         -26         -42
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4137-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........           7           8
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...           7           8
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........         175         119          92
    1233  Disbursements: Purchase of loans
            assets from a liquidating
            account.........................           7           8
    1251  Repayments: Repayments and
            prepayments.....................         -57         -15         -15
    1263  Write-offs for default: Direct
            loans...........................          -6         -20
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........         119          92          77
    ---------------------------------------------------------------------------

        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 U.S. Agency for
    International Development.

    [[Page 930]]

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   72-4137-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................          67             84           110            114
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..         175            119            92             50
    1405    Allowance for subsidy cost (-)..        -179           -184          -195           -164
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....          -4            -65          -103           -114
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................          63             19             7
        LIABILITIES:
          Federal liabilities:

            Debt:
    2103      Debt (EAI)....................          48              4
    2103      Debt (Debt Reduction).........          15             15             7
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............          63             19             7
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position          63             19             7
    -----------------------------------------------------------------------------------------------

                   Loan Guarantees to Israel Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4119-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         626         665         710
    22.00 New financing authority (gross)...          39          45          45
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         665         710         755
    24.40 Unobligated balance carried
            forward, end of year............         665         710         755
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Discretionary:

    68.00   Spending authority from
              offsetting collections
              (gross): Offsetting
              collections (cash)............          39          45          45
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

    88.25   Offsetting collections (cash)
              from: Interest on uninvested
              funds.........................         -39         -45         -45
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........         -39         -45         -45
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4119-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on commitments:
    2111  Limitation on guaranteed loans
            made by private lenders.........
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........       9,226       9,206       9,049
    2251  Repayments and prepayments........         -20        -157         -49
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       9,206       9,049       9,000
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       9,206       9,049       9,000
    ---------------------------------------------------------------------------

        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   72-4119-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................         626            668           710
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................         626            668           710
        LIABILITIES:
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.         626            668           710
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         626            668           710
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position         626            668           710
    -----------------------------------------------------------------------------------------------

                 Urban and Environmental Credit Program Account

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-0401-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    0101  Urban and environmental credit
            program, downward reestimates of
            subsidies.......................          14          30
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-0401-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.07 Reestimates of loan guarantees....           4           6
    00.08 Interest on reestimates of loan
            guarantee subsidy...............           1           4
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................           5          10
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......           5          10
    23.95 Total new obligations.............          -5         -10
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................           5          10
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           5           3
    73.10 Total new obligations.............           5          10
    73.20 Total outlays (gross).............          -7         -12
    74.40 Obligated balance, end of year....           3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................           2           2
    86.97 Outlays from new mandatory
            authority.......................           5          10
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           7          12
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           5          10
    90.00 Outlays...........................           7          12
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 72-0401-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Guaranteed loan subsidy (in percent):
    232001UE................................        0.00        0.00
                                               ---------   ---------  ----------
    232901Weighted average subsidy rate.....        0.00        0.00
        Guaranteed loan upward reestimate subsidy
                    budget authority:
    235001UE................................           5          10
                                               ---------   ---------  ----------
    235901Total upward reestimate budget
            authority.......................           5          10
        Guaranteed loan upward reestimate subsidy
                    outlays:
    236001UE................................           5          10
                                               ---------   ---------  ----------
    236901Total upward reestimate subsidy
            outlays.........................           5          10

    [[Page 931]]

        Guaranteed loan downward reestimate subsidy
                    budget authority:
    237001UE................................         -14         -30
                                               ---------   ---------  ----------
    237901Total downward reestimate subsidy
            budget authority................         -14         -30
        Guaranteed loan downward reestimate subsidy
                    outlays:
    238001UE................................         -14         -30
                                               ---------   ---------  ----------
    238901Total downward reestimate subsidy
            outlays.........................         -14         -30
    ---------------------------------------------------------------------------

    Urban and Environmental Credit Program Guaranteed Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4344-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Default Claims....................          10          28          28
    08.02 Downward reestimate paid to
            receipt account.................           8          22
    08.04 Interest on downward reestimates..           6           8
                                               ---------   ---------  ----------
    08.91   Direct Program by Activities--
              Reestimate Subtotal...........          14          30
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          24          58          28
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          65          62          35
    22.00 New financing authority (gross)...          13          19           8
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           6          12
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          84          93          43
    23.95 Total new obligations.............         -24         -58         -28
    24.40 Unobligated balance carried
            forward, end of year............          62          35          15
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Discretionary:

    68.00   Spending authority from
              offsetting collections
              (gross): (cash)...............          13          19           8
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          14          12
    73.10 Total new obligations.............          24          58          28
    73.20 Total financing disbursements
            (gross).........................         -20         -58         -28
    73.45 Recoveries of prior year
            obligations.....................          -6         -12
    74.40 Obligated balance, end of year....          12
    87.00 Total financing disbursements
            (gross).........................          20          58          28
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -5         -10
    88.25     Interest on uninvested funds..          -5          -6          -6
    88.40     Non-Federal sources...........          -3          -3          -2
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -13         -19          -8
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........           5          39          20
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4344-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........         514         584         576
    2231  Disbursements of new guaranteed
            loans...........................          22          17
    2251  Repayments and prepayments........          -1         -20         -25
          Adjustments:

    2263    Terminations for default that
              result in claim payments......          -6          -5          -6
    2264    Other adjustments, net..........          55
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........         584         576         545
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..         584         576         545
    ---------------------------------------------------------------------------

        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 United States 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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....          90             74            35             15
            Investments in US securities:
    1106      Receivables, net..............
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................          90             74            35             15
        LIABILITIES:
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.          90             74            35             15
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............          90             74            35             15
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position          90             74            35             15
    -----------------------------------------------------------------------------------------------

         Housing and Other Credit Guaranty Programs Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4340-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Claims payments...................          47          16          31
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 42.0)...................          47          16          31
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          83           7
    22.00 New budget authority (gross)......          72          30          31
    22.10 Resources available from
            recoveries of prior year
            obligations.....................                      25
    22.40 Capital transfer to general fund..                     -46
    22.60 Portion applied to repay debt.....        -101
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          54          16          31
    23.95 Total new obligations.............         -47         -16         -31
    24.40 Unobligated balance carried
            forward, end of year............           7
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................          30          30          30
    69.00 Offsetting collections (cash).....          42          67          41
    69.27 Capital transfer to general fund..                     -67         -40
                                               ---------   ---------  ----------
    69.90   Spending authority from
              offsetting collections (total
              mandatory)....................          42                       1
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          72          30          31
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          17          25
    73.10 Total new obligations.............          47          16          31
    73.20 Total outlays (gross).............         -39         -16         -31
    73.45 Recoveries of prior year
            obligations.....................                     -25
    74.40 Obligated balance, end of year....          25
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................          39          16          31
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources (debt
                reduction)..................                      -3
              Non-Federal sources:
    88.40       Receipts of principal
                  resulting from rescheduled
                  claims....................         -12         -22         -18
    88.40       Recoveries of claims
                  receivable................          -9         -12          -2
    88.40       Fees........................          -5          -5          -5
    88.40       Interest & late pmt.
                  collection................         -16         -25         -16
                                               ---------   ---------  ----------

    [[Page 932]]

    88.90       Total, offsetting
                  collections (cash)........         -42         -67         -41
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          30         -37         -10
    90.00 Outlays...........................          -3         -51         -10
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4340-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........       1,596       1,499       1,406
    2251  Repayments and prepayments........         -56         -77         -67
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................         -41         -16         -31
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       1,499       1,406       1,308
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       1,499       1,406       1,308
    ----------------------------------------------------------------------------

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

    2310    Outstanding, start of year......         435         450         389
    2331    Disbursements for guaranteed
              loan claims...................          41          16          31
            Repayments of loans receivable:
    2351      Repayments of loans receivable         -26         -34         -20
    2351      Repayments of loans receivable
                (debt reduction)............                      -3
    2361    Write-offs of loans receivable..                     -40
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......         450         389         400
    ---------------------------------------------------------------------------

        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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
    0111  Revenue...........................          18             21            30             21
    0112  Expense...........................
                                            ------------ --------------  ------------  -------------
    0115  Net income or loss (-)............          18             21            30             21
                                            ------------ --------------  ------------  -------------
    0195  Total income or loss (-)..........          18             21            30             21
                                            ------------ --------------  ------------  -------------
    0199  Total comprehensive income........          18             21            30             21
    -----------------------------------------------------------------------------------------------

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   72-4340-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1206  Non-Federal assets: Receivables,
            net.............................           2              2             2
          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1701    Defaulted guaranteed loans,
              gross.........................         433            450           432            443
    1702    Interest receivable.............         104             70           100            100
    1703    Allowance for estimated
              uncollectible loans and
              interest (-)..................        -176           -320          -300           -300
                                            ------------ --------------  ------------  -------------
    1704      Defaulted guaranteed loans and
                interest receivable, net....         361            200           232            243
                                            ------------ --------------  ------------  -------------
    1799      Value of assets related to
                loan guarantees.............         361            200           232            243
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................         363            202           234            243
        LIABILITIES:
    2104  Federal liabilities: Resources
            payable to Treasury.............         -76           -745          -713           -704
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.         439            947           947            947
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         363            202           234            243
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position         363            202           234            243
    -----------------------------------------------------------------------------------------------

             Micro and Small Enterprise Development Program Account

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-0400-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    0101  Microenterprise and small
            enterprise development, downward
            reestimates of subsidies........           1
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-0400-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.02 Guaranteed Loan Subsidy...........           1
    00.07 Reestimate of Loan Guarantee......           1
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................           2
    ----------------------------------------------------------------------------

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

        New budget authority (gross), detail:
          Mandatory:

    60.00   Appropriation...................           1
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           7           7           2
    73.10 Total new obligations.............           2
    73.20 Total outlays (gross).............          -1          -5          -1
    73.40 Adjustments in expired accounts
            (net)...........................          -2
    74.40 Obligated balance, end of year....           7           2           1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................                       5           1
    86.97 Outlays from new mandatory
            authority.......................           1
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           1           5           1
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           1
    90.00 Outlays...........................           1           5           1
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 72-0400-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Guaranteed loan levels supportable by subsidy
                    budget authority:
    215001MSED Loan Guarantee...............          25
                                               ---------   ---------  ----------
    215901Total loan guarantee levels.......          25
        Guaranteed loan subsidy (in percent):
    232001MSED Loan Guarantee...............        3.93        0.00        0.00
                                               ---------   ---------  ----------
    232901Weighted average subsidy rate.....        3.93        0.00        0.00
        Guaranteed loan subsidy budget authority:
    233001MSED Loan Guarantee...............           1
                                               ---------   ---------  ----------
    233901Total subsidy budget authority....           1
        Guaranteed loan subsidy outlays:
    234001MSED Loan Guarantee...............           1           5           1
                                               ---------   ---------  ----------
    234901Total subsidy outlays.............           1           5           1
        Guaranteed loan upward reestimate subsidy
                    budget authority:
    235001MSED Loan Guarantee...............           1
                                               ---------   ---------  ----------
    235901Total upward reestimate budget
            authority.......................           1

    [[Page 933]]

        Guaranteed loan upward reestimate subsidy
                    outlays:
    236001MSED Loan Guarantee...............           1
                                               ---------   ---------  ----------
    236901Total upward reestimate subsidy
            outlays.........................           1
        Guaranteed loan downward reestimate subsidy
                    budget authority:
    237001MSED Loan Guarantee...............          -1
                                               ---------   ---------  ----------
    237901Total downward reestimate subsidy
            budget authority................          -1
        Guaranteed loan downward reestimate subsidy
                    outlays:
    238001MSED Loan Guarantee...............          -1
                                               ---------   ---------  ----------
    238901Total downward reestimate subsidy
            outlays.........................          -1
    ---------------------------------------------------------------------------

      Microenterprise and Small Enterprise Development Credit Direct Loan
                                Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4342-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           1           1
    22.00 New financing authority (gross)...           1
    22.60 Portion applied to repay debt.....          -1          -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           1
    24.40 Unobligated balance carried
            forward, end of year............           1
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Discretionary:

    68.00   Spending authority from
              offsetting collections
              (gross): Offsetting
              collections (cash)............           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...........
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4342-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........           1
    1251  Repayments: Repayments and
            prepayments.....................          -1
                                               ---------   ---------  ----------
    1290    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 under the United States 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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..           1
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....           1
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................           1
        LIABILITIES:
    2201  Non-Federal liabilities: Accounts
            payable.........................           1
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............           1
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position           1
    -----------------------------------------------------------------------------------------------

        Microenterprise and Small Enterprise Development Guaranteed Loan
                                Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4343-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Default claims....................                       2           1
    08.02 Payment of downward reestimate to
            receipt account.................           1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........           2           2           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           2           1           3
    22.00 New financing authority (gross)...           2           6           2
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           4           7           5
    23.95 Total new obligations.............          -2          -2          -1
    24.40 Unobligated balance carried
            forward, end of year............           1           3           6
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Discretionary:

    68.00   Spending authority from
              offsetting collections
              (gross): Offsetting
              collections (cash)............           2           6           2
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............           2           2           1
    73.20 Total financing disbursements
            (gross).........................          -1          -2          -1
    87.00 Total financing disbursements
            (gross).........................           1           2           1
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -2          -5          -1
    88.40     Non-Federal sources...........                      -1          -1
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........          -2          -6          -2
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........           1          -4          -1
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4343-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on commitments:
    2111  Limitation on guaranteed loans
            made by private lenders.........
    2121  Limitation available from carry-
            forward.........................          31
    2131  Guaranteed loan commitments exempt
            from limitation.................
    2142  Uncommitted loan guarantee
            limitation......................         -18
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................          13
    2199  Guaranteed amount of guaranteed
            loan commitments................           7
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........          36          34          42
    2231  Disbursements of new guaranteed
            loans...........................          11          20          26
    2251  Repayments and prepayments........         -13         -10         -12
    2263  Adjustments: Terminations for
            default that result in claim
            payments........................                      -2          -1
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........          34          42          55
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..          17          21          28
    ---------------------------------------------------------------------------

        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 United States Agency for
    International Development (USAID) Microenterprise and Small Enterprise
    Development Guarantee program committed in 1992 and beyond (including

    [[Page 934]]

    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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................           3              2             3              6
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................           3              2             3              6
        LIABILITIES:
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.           3              2             3              6
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............           3              2             3              6
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position           3              2             3              6
    -----------------------------------------------------------------------------------------------

                Private Sector Revolving Fund Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4341-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           2
    22.00 New budget authority (gross)......                       1
    22.40 Capital transfer to general fund..                      -1
    22.60 Portion applied to repay debt.....          -1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           1
    24.40 Unobligated balance carried
            forward, end of year............
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...                       1
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.20 Total outlays (gross).............
    ----------------------------------------------------------------------------

        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..................
    90.00 Outlays...........................                      -1
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4341-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........           1           1
    1251  Repayments: Repayments and
            prepayments.....................                      -1
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........           1
    ---------------------------------------------------------------------------

        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.

                          Development Credit Authority

                          (including transfer of funds)

        For the cost of direct loans and loan guarantees, as authorized by
    sections 108 and 635 of the Foreign Assistance Act of 1961, up to
    $21,000,000, to remain available until September 30, 2005, and to be
    derived by transfer from funds appropriated by this Act to carry out
    part I of such Act and under the heading, ``Assistance for Eastern
    Europe and the Baltic States'': Provided, That such costs shall be as
    defined in section 502 of the Congressional Budget Act of 1974, as
    amended: Provided further, That these funds are available to subsidize
    total loan principal, any part of which is to be guaranteed, of up to
    $700,000,000. In addition, for administrative expenses to carry out
    credit programs administered by the United States Agency for
    International Development, $8,000,000, to remain available until
    September 30, 2004, which may be transferred to and merged with the
    appropriation for Operating Expenses of the United States Agency for
    International Development.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1264-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    0102  Negative subsidies/subsidy
            reestimates.....................           1
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1264-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.02 Guaranteed loan subsidy...........           5          18          21
    00.09 Administrative Expenses...........           5          10           8
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          10          28          29
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           3           5
    22.00 New budget authority (gross)......          10           8          29
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1
    22.22 Unobligated balance transferred
            from other accounts.............           1          15
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          15          28          29
    23.95 Total new obligations.............         -10         -28         -29
    24.40 Unobligated balance carried
            forward, end of year............           5
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................           8           8           8
    42.00   Transferred from other accounts.           2                      21
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............          10           8          29
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           7          10          26
    73.10 Total new obligations.............          10          28          29
    73.20 Total outlays (gross).............          -5         -13         -18
    73.45 Recoveries of prior year
            obligations.....................          -1
    74.40 Obligated balance, end of year....          10          26          39
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           1           7          12
    86.93 Outlays from discretionary
            balances........................           4           6           6
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........           5          13          18
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          10           8          29
    90.00 Outlays...........................           5          13          18
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 72-1264-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Guaranteed loan levels supportable by subsidy
                    budget authority:
    215001DCA...............................         289         280         675
                                               ---------   ---------  ----------
    215901Total loan guarantee levels.......         289         280         675
        Guaranteed loan subsidy (in percent):
    232001DCA...............................        6.42        6.44        3.11
                                               ---------   ---------  ----------
    232901Weighted average subsidy rate.....        6.42        6.44        3.11

    [[Page 935]]

        Guaranteed loan subsidy budget authority:
    233001DCA...............................          19          18          21
                                               ---------   ---------  ----------
    233901Total subsidy budget authority....          19          18          21
        Guaranteed loan subsidy outlays:
    234001DCA...............................           1           5          10
                                               ---------   ---------  ----------
    234901Total subsidy outlays.............           1           5          10
        Guaranteed loan downward reestimate subsidy
                    budget authority:
    237001DCA...............................          -1
                                               ---------   ---------  ----------
    237901Total downward reestimate subsidy
            budget authority................          -1
        Guaranteed loan downward reestimate subsidy
                    outlays:
    238001DCA...............................          -1
                                               ---------   ---------  ----------
    238901Total downward reestimate subsidy
            outlays.........................          -1
    ----------------------------------------------------------------------------

        Administrative expense data:
    351001Budget authority..................           8           8           8
    358001Outlays from balances.............           3           1           2
    359001Outlays from new authority........           1           7           6
    ---------------------------------------------------------------------------

        In 2002, the Administration merged USAID's two credit programs as
    one consolidated Development Credit authority. This single program,
    which includes a consolidated credit administrative budget, allows USAID
    to use credit as a flexible development tool for a wide range of
    development purposes.

        The Development Credit Authority (DCA) permits the Agency to
    substitute credit assistance (loans and loan guarantees) for grant
    assistance to achieve any of the economic development purposes
    authorized by the Congress in Part I of the Foreign Assistance Act of
    1961, as amended. Subject to limits in annual appropriations acts and
    the normal congressional notification processes, disciplined credit
    assistance under DCA is principally intended for use where a development
    activity is financially viable, where borrowers are creditworthy, and
    where there is true risk sharing with private lenders. DCA augments
    grant assistance by mobilizing private capital in developing countries
    for sustainable development projects. In 2004 USAID plans to use some of
    this authority for water projects to fulfill the Administration's
    commitment at the World Summit on Sustainable Development.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1264-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................           2           3           3
    21.0  Travel and transportation of
            persons.........................                       1           1
    25.1  Advisory and assistance services..           1           3           2
    25.3  Other purchases of goods and
            services from Government
            accounts........................           2           3           2
    41.0  Grants, subsidies, and
            contributions...................           5          18          21
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          10          28          29
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 72-1264-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          21          26          26
    ---------------------------------------------------------------------------

         Development Credit Authority Guaranteed Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4266-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Default Claims....................                       1           1
    08.02 Downward reestimate...............           1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........           1           1           1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           1           1           8
    22.00 New financing authority (gross)...           1           6          12
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           2           7          20
    23.95 Total new obligations.............          -1          -1          -1
    24.40 Unobligated balance carried
            forward, end of year............           1           8          20
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Discretionary:

    68.00   Spending authority from
              offsetting collections
              (gross): Offsetting
              collections (cash)............           1           6          12
    ----------------------------------------------------------------------------

        Change in obligated balances:
    73.10 Total new obligations.............           1           1           1
    73.20 Total financing disbursements
            (gross).........................          -1          -1          -1
    87.00 Total financing disbursements
            (gross).........................           1           1           1
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources: Subsidy
                payments from program
                account.....................          -1          -5         -10
    88.40     Non-Federal sources...........                      -1          -2
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........          -1          -6         -12
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........                      -5         -11
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4266-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on commitments:
    2111  Limitation on guaranteed loans
            made by private lenders.........         536                     700
    2121  Limitation available from carry-
            forward.........................         479         479         479
    2131  Guaranteed loan commitments exempt
            from limitation.................                     280
    2142  Uncommitted loan guarantee
            limitation......................        -335                     -25
    2143  Uncommitted limitation carried
            forward.........................        -479        -479        -479
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................         201         280         675
    2199  Guaranteed amount of guaranteed
            loan commitments................          60         140         338
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........          39          41         179
    2231  Disbursements of new guaranteed
            loans...........................           4         142         125
    2251  Repayments and prepayments........          -2          -3         -18
    2263  Adjustments: Terminations for
            default that result in claim
            payments........................                      -1          -1
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........          41         179         285
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..          21          90         143
    ---------------------------------------------------------------------------

        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 guaranteed loans committed 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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................           1              1             5             17
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................           1              1             5             17
        LIABILITIES:
    2204  Non-Federal liabilities:
            Liabilities for loan guarantees.           1              1             5             17
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............           1              1             5             17
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position           1              1             5             17
    -----------------------------------------------------------------------------------------------

    [[Page 936]]

                 Economic Assistance Loans--Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4103-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........                       7           4
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................                       7           4
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          97          88
    22.00 New budget authority (gross)......                       7           4
    22.40 Capital transfer to general fund..          -9         -88
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          88           7           4
    23.95 Total new obligations.............                      -7          -4
    24.40 Unobligated balance carried
            forward, end of year............          88
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...         799         775         661
    69.27   Capital transfer to general fund        -799        -768        -657
                                               ---------   ---------  ----------
    69.90     Spending authority from
                offsetting collections
                (total mandatory)...........                       7           4
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          -2          -2
    73.10 Total new obligations.............                       7           4
    73.20 Total outlays (gross).............                      -5          -4
    74.40 Obligated balance, end of year....          -2
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................                       5           4
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -7          -5
              Non-Federal sources:
    88.40       Non-Federal sources-
                  Principal.................        -584        -568        -493
    88.40       Non-Federal sources-Interest        -208        -202        -168
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -799        -775        -661
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................        -799        -768        -657
    90.00 Outlays...........................        -799        -770        -657
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-4103-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........       9,373       8,768       8,187
          Repayments:

            Repayments and prepayments:
    1251      Repayments and prepayments....        -584        -568        -493
    1251      Repayments: debt reduction....          -7          -5
    1263  Write-offs for default: Direct
            loans...........................         -14          -8
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........       8,768       8,187       7,694
    ---------------------------------------------------------------------------

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   72-4103-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1601    Direct loans, gross.............       9,373          8,768         8,187          7,694
    1602    Interest receivable.............         563            349           349            349
    1603    Allowance for estimated
              uncollectible loans and
              interest (-)..................      -3,996         -6,124        -6,063         -6,001
                                            ------------ --------------  ------------  -------------
    1699      Value of assets related to
                direct loans................       5,940          2,993         2,473          2,042
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................       5,940          2,993         2,473          2,042
        LIABILITIES:
    2104  Federal liabilities: Resources
            payable to Treasury.............       5,940          2,993         2,473          2,042
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............       5,940          2,993         2,473          2,042
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position       5,940          2,993         2,473          2,042
    -----------------------------------------------------------------------------------------------

        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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........           4           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 13.0)...................           4           2           2
    ----------------------------------------------------------------------------

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

        New budget authority (gross), detail:
          Mandatory:

    63.00   Reappropriation.................           4           2           2
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          11          15          15
    73.10 Total new obligations.............           4           2           2
    73.20 Total outlays (gross).............                      -1          -1
    74.40 Obligated balance, end of year....          15          15          15
    ----------------------------------------------------------------------------

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

        Net budget authority and outlays:
    89.00 Budget authority..................           4           2           2
    90.00 Outlays...........................                       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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............           2           2           2
        Receipts:
    02.00 Gifts and donations...............           2
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...           4           2           2
        Appropriations:
    05.00 Miscellaneous trust funds, AID....          -2
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............           2           2           2
    ---------------------------------------------------------------------------

    [[Page 937]]

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-9971-0-7-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct Program Activity...........           2
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 41.0)...................           2
    ----------------------------------------------------------------------------

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

        New budget authority (gross), detail:
          Mandatory:

    60.26   Appropriation (trust fund)......           2
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           1           1           2
    73.10 Total new obligations.............           2
    73.20 Total outlays (gross).............          -2
    74.40 Obligated balance, end of year....           1           2           2
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.98 Outlays from mandatory balances...           2
    ----------------------------------------------------------------------------

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

        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.

                     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 $42,385,000: Provided further, That the Corporation may
    accept and use payment or services provided by transaction participants
    for due diligence, legal, financial, or technical services in connectin
    with any transaction for which an application for an insurance
    commitment has been made or is anticipated: Provided further, That such
    amounts shall remain available until expended and shall not be
    considered administrative expenses for the purposes of this heading.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............       3,013       3,123       3,337
        Receipts:
    02.80 Overseas Private Investment
            Corporation noncredit account,
            offsetting collections..........         308         321         321
                                               ---------   ---------  ----------
    04.00 Total: Balances and collections...       3,321       3,444       3,658
        Appropriations:
    05.00 Overseas Private Investment
            Corporation noncredit account...        -198        -107        -123
                                               ---------   ---------  ----------
    05.99   Total appropriations............        -198        -107        -123
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............       3,123       3,337       3,535
    ---------------------------------------------------------------------------

        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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Noncredit administrative expenses.          16          16          17
    09.02 Insurance claim payments/
            provisions......................          34          25          31
    09.03 Credit administrative expenses....          23          23          25
    09.05 Project specific insurance
            expenses........................           1           1           1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          74          65          74
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         254         218         213
    22.00 New budget authority (gross)......          38          59          74
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         292         277         287
    23.95 Total new obligations.............         -74         -65         -74
    24.40 Unobligated balance carried
            forward, end of year............         218         213         213
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    41.00   Transferred to other accounts...         -47         -48         -49
          Spending authority from offsetting
              collections:

    68.00   Offsetting collections (cash)...         308         321         321
    68.10   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -2
    68.27   Capital transfer to general fund        -111
    68.45   Portion precluded from
              obligation (limitation on
              obligations)..................        -110        -214        -198
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total discretionary).......          85         107         123
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          38          59          74
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          65          92          89
    73.10 Total new obligations.............          74          65          74
    73.20 Total outlays (gross).............         -49         -68         -73
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................           2
    74.40 Obligated balance, end of year....          92          89          90
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          24          41          47
    86.93 Outlays from discretionary
            balances........................          25          27          26
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          49          68          73
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............         -23         -24         -25
    88.20     Interest on Federal securities        -223        -232        -235
              Non-Federal sources:
    88.40       Non-Fed insurance premiums..         -54         -51         -47
    88.40       Non-Fed claim repay
                  Indonesia.................          -8         -14         -14
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -308        -321        -321
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................           2
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................        -268        -262        -247
    90.00 Outlays...........................        -259        -253        -248
    ----------------------------------------------------------------------------

        Memorandum (non-add) entries:
    92.01 Total investments, start of year:
            Federal securities: Par value...       3,350       3,464       3,623
    92.02 Total investments, end of year:
            Federal securities: Par value...       3,464       3,623       3,775
    ----------------------------------------------------------------------------

    [[Page 938]]

    Additional net budget authority and outlays to cover cost of fully accruing
                                     retirement:
    99.00 Budget authority..................           1           1           1
    99.01 Outlays...........................           1           1           1
    ---------------------------------------------------------------------------

        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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Unexpended balance, start of year:
    0100  Treasury balance..................          15           5          49
          Federal securities:

    0101    Par value.......................       3,350       3,464       3,623
    0102    Unrealized discounts............         -33         -33         -30
                                               ---------   ---------  ----------
    0199    Total balance, start of year....       3,332       3,433       3,639
        Cash income during the year:
          Current law:

            Offsetting collections:
    1280      Offsetting collections........         308         321         321
                                               ---------   ---------  ----------
    1299      Income under present law......         308         321         321
        Cash outgo during year:
          Current law:

    4500    Overseas private investment
              corporation noncredit account.         -49         -68         -73
    7645  Transfers, net....................         -47         -48         -49
    7650  Other adjustments, net............        -111
                                               ---------   ---------  ----------
    7699  Total adjustments.................        -158         -48         -49
        Unexpended balance, end of year:
    8700  Uninvested balance................           5          49          80
          Federal securities:

    8701    Par value.......................       3,464       3,623       3,775
    8702    Unrealized discounts............         -33         -30         -19
                                               ---------   ---------  ----------
    8799    Total balance, end of year......       3,433       3,639       3,838
    ---------------------------------------------------------------------------
                                       INSURANCE PROGRAM ACTIVITY
                                        [In millions 2001 actual 2002 actual  2003 est.   2004 est.
    Aggregate insurance outstanding, start of year..      20,623      15,191      11,883      10,174
    Aggregate insurance issued during year..........       1,065       1,222       1,300       1,500
    Aggregate insurance reductions and cancellations      -6,497      -4,674      -3,009      -2,572
                                                    ------------------------------------------------
    Aggregate insurance outstanding, end of year....      15,190      11,883      10,174       9,102
    Net growth/(decline) of portfolio...............      -5,433      -3,308      -1,709      -1,072
    Net growth rate of insurance portfolio (in
        percent)....................................      -26.43      -21.80      -14.38      -10.54
                                                    ------------------------------------------------

                                      STATUS OF INSURANCE AUTHORITY
                                        [In millions 2001 actual 2002 actual  2003 est.   2004 est.
    Statutory authority limitation \1\..............      29,000      29,000      29,000      29,000
    Maximum contingent liability, end of year.......       8,246       6,908       5,186       4,663
    Estimated potential exposure to claims, end of
        year........................................       5,324       4,829       3,035       2,729
                                                    ================================================
        \1\ This is a combined insurance and finance limitation. OPIC will
    monitor issuance and runoff to stay within the limitation.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    11.1  Personnel compensation: Full-time
            permanent.......................          20          21          22
    12.1  Civilian personnel benefits.......           3           4           4
    21.0  Travel and transportation of
            persons.........................           1           1           1
    23.2  Rental payments to others.........           6           6           7
    25.1  Advisory and assistance services..           5           4           5
    25.2  Other services....................           5           4           4
    42.0  Insurance claims and indemnities..          34          25          31
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          74          65          74
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 71-4184-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................         192         209         209
    ---------------------------------------------------------------------------

    Credit accounts:

                     Overseas Private Investment Corporation

                                 Program Account

        For the cost of direct and guaranteed loans, $24,000,000, 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 2004 and 2005: Provided further,
    That such sums shall remain available through fiscal year 2012 for the
    disbursement of direct and guaranteed loans obligated in fiscal year
    2004, and through fiscal year 2013 for the disbursement of direct and
    guaranteed loans obligated in fiscal year 2005: Provided further, That
    the Corporation may accept and use payment or services provided by
    transaction participants for due diligence, legal, financial, or
    technical services in connection with any transaction for which an
    application for a direct loan or loan guarantee has been made or is
    anticipated: Provided further, That such amounts shall remain available
    until expended and shall not be considered administrative expenses for
    the purposes of this heading.
        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.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

            General Fund Credit Receipt Accounts (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-0100-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    0101  Overseas Private Investment
            Corporation, downward
            reestimates of subsidies........         135          58
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-0100-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loan subsidy...............           5           8           4
    00.02 Guaranteed loan subsidy...........          14          11          20
    00.05 Direct loan upward reestimate.....                       7
    00.06 Interest on DL Reestimate.........                       3
    00.07 IG Reestimate.....................          98         108
    00.08 IG interest on reestimate.........          30          51
    00.09 Credit administrative expenses....          23          24          25
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         170         212          49
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          40           6          11
    22.00 New budget authority (gross)......         205         217          49
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         245         223          60
    23.95 Total new obligations.............        -170        -212         -49
          Unobligated balance expiring or withdrawn:

    23.98   Unobligated balance expiring or
              withdrawn.....................         -12
    23.98   Unobligated balance expiring or
              withdrawn.....................         -57
    24.40 Unobligated balance carried
            forward, end of year............           6          11          11
    ----------------------------------------------------------------------------

    [[Page 939]]

        New budget authority (gross), detail:
          Discretionary:

    42.00   Transferred from other accounts.          47          48          49
          Mandatory:

            Appropriation:
    60.00     Appropriation.................         128         159
    60.00     Appropriation.................                      10
                                               ---------   ---------  ----------
    62.50     Appropriation (total
                mandatory)..................         128         169
          Discretionary:

    68.10   Spending authority from
              offsetting collections: Change
              in uncollected customer
              payments from Federal sources
              (unexpired)...................          30
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         205         217          49
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          40          71          91
    73.10 Total new obligations.............         170         212          49
    73.20 Total outlays (gross).............        -151        -215         -49
    73.40 Adjustments in expired accounts
            (net)...........................          19
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................         -30
    74.10 Change in uncollected customer
            payments from Federal sources
            (expired).......................          23          24          25
    74.40 Obligated balance, end of year....          71          91         115
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          23          25          26
    86.93 Outlays from discretionary
            balances........................                      21          23
    86.97 Outlays from new mandatory
            authority.......................         128         169
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         151         215          49
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.00   Offsetting collections (cash)
              from: Federal sources.........         -24
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................         -30
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         151         217          49
    90.00 Outlays...........................         129         215          49
    ---------------------------------------------------------------------------

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

    ----------------------------------------------------------------------------
    Identification code 71-0100-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Direct loan levels supportable by subsidy
                    budget authority:
    115001OPIC direct loan..................          47          73          40
                                               ---------   ---------  ----------
    115901Total direct loan levels..........          47          73          40
        Direct loan subsidy (in percent):
    132001OPIC direct loan..................       10.60       11.00       11.00
                                               ---------   ---------  ----------
    132901Weighted average subsidy rate.....       10.60       11.00       11.00
        Direct loan subsidy budget authority:
    133001OPIC direct loan..................           5           8           4
                                               ---------   ---------  ----------
    133901Total subsidy budget authority....           5           8           4
        Direct loan subsidy outlays:
    134001OPIC direct loan..................           5           5           5
                                               ---------   ---------  ----------
    134901Total subsidy outlays.............           5           5           5
        Direct loan upward reestimate subsidy budget
                    authority:
    135001OPIC direct loan..................                      10
                                               ---------   ---------  ----------
    135901Total upward reestimate budget
            authority.......................                      10
        Direct loan upward reestimate subsidy outlays:
    136001OPIC direct loan..................                      10
                                               ---------   ---------  ----------
    136901Total upward reestimate outlays...                      10
        Direct loan downward reestimate subsidy budget
                    authority:
    137001OPIC direct loan..................                     -18
                                               ---------   ---------  ----------
    137901Total downward reestimate budget
            authority.......................                     -18
        Direct loan downward reestimate subsidy
                    outlays:
    138001OPIC direct loan..................                     -18
                                               ---------   ---------  ----------
    138901Total downward reestimate subsidy
            outlays.........................                     -18
    ----------------------------------------------------------------------------

        Guaranteed loan levels supportable by subsidy
                    budget authority:
    215001OPIC loan guarantee...............         541         645         415
    215002On-Lending Loan guarantee levels..         225                     150
    215003Investment Funds Loan guarantee
            levels..........................          43                     200
                                               ---------   ---------  ----------
    215901Total loan guarantee levels.......         809         645         765
        Guaranteed loan subsidy (in percent):
    232001OPIC loan guarantee...............        0.81        1.65        1.70
    232002On-Lending Loan guarantee levels..        5.53        0.00        5.70
    232003Investment Funds Loan guarantee
            levels..........................       11.41        0.00        2.00
                                               ---------   ---------  ----------
    232901Weighted average subsidy rate.....        2.60        1.71        2.61
        Guaranteed loan subsidy budget authority:
    233001OPIC loan guarantee...............           4          11           7
    233002On-Lending Loan guarantee levels..          12                       9
    233003Investment Funds Loan guarantee
            levels..........................           5                       4
                                               ---------   ---------  ----------
    233901Total subsidy budget authority....          21          11          20
        Guaranteed loan subsidy outlays:
    234001OPIC loan guarantee...............           3           3           3
    234002On-Lending Loan guarantee levels..                       1           2
    234003Investment Funds Loan guarantee
            levels..........................           2           2           2
                                               ---------   ---------  ----------
    234901Total subsidy outlays.............           5           6           7
        Guaranteed loan upward reestimate subsidy
                    budget authority:
    235001OPIC loan guarantee...............         128         159
                                               ---------   ---------  ----------
    235901Total upward reestimate budget
            authority.......................         128         159
        Guaranteed loan upward reestimate subsidy
                    outlays:
    236001OPIC loan guarantee...............         128         159
                                               ---------   ---------  ----------
    236901Total upward reestimate subsidy
            outlays.........................         128         159
        Guaranteed loan downward reestimate subsidy
                    budget authority:
    237001OPIC loan guarantee...............        -135         -40
                                               ---------   ---------  ----------
    237901Total downward reestimate subsidy
            budget authority................        -135         -40
        Guaranteed loan downward reestimate subsidy
                    outlays:
    238001OPIC loan guarantee...............        -135         -40
                                               ---------   ---------  ----------
    238901Total downward reestimate subsidy
            outlays.........................        -135         -40
    ----------------------------------------------------------------------------

        Administrative expense data:
    351001Budget authority..................          23          24          25
    358001Outlays from balances.............
    359001Outlays from new authority........          23          24          25
    ---------------------------------------------------------------------------

        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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    25.2  Other services (contracts)........          16          24          25
    41.0  Grants, subsidies, and
            contributions...................         154         188          24
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         170         212          49
    ---------------------------------------------------------------------------

    [[Page 940]]

      Overseas Private Investment Corporation Direct Loan Financing Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4074-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Direct loan obligations...........         -20          73          40
    00.02 Interest on borrowings............          10          10          10
                                               ---------   ---------  ----------
    00.91   Direct Program by Activities--
              Subtotal (1 level)............         -10          83          50
    08.02 Downward DL Reestimate............                      11
    08.04 Interest on Reestimate............                       7
                                               ---------   ---------  ----------
    08.91   Direct Program by Activities--
              Subtotal (1 level)............                      18
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         -10         101          50
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          16          46          45
    22.00 New financing authority (gross)...          20         100          67
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          36         146         112
    23.95 Total new obligations.............          10        -101         -50
    24.40 Unobligated balance carried
            forward, end of year............          46          45          62
    ----------------------------------------------------------------------------

        New financing authority (gross), detail:
          Mandatory:

    67.10   Authority to borrow.............                      65          36
          Spending authority from offsetting
              collections:

            Discretionary:
    68.00     Offsetting collections (cash).          22          36          31
    68.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........          -2          -1
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....          20          35          31
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................          20         100          67
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..         292         208         232
    73.10 Total new obligations.............         -10         101          50
    73.20 Total financing disbursements
            (gross).........................         -76         -78         -80
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................           2           1
    74.40 Obligated balance, end of year....         208         232         202
    87.00 Total financing disbursements
            (gross).........................          76          78          80
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -5         -15          -5
    88.25     Interest on uninvested funds..          -3          -4          -5
              Non-Federal sources:
    88.40       Repayments of Principal.....          -7          -8         -10
    88.40       Interest received on loans..          -5          -6          -7
    88.40       Fees........................          -2          -3          -4
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........         -22         -36         -31
          Against gross financing authority only:

    88.95   Change in receivables from
              program accounts..............           2           1
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............                      65          36
    90.00 Financing disbursements...........          54          42          49
    ---------------------------------------------------------------------------

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4074-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on obligations:
    1111  Limitation on direct loans........
    1121  Limitation available from carry-
            forward.........................          47
    1131  Direct loan obligations exempt
            from limitation.................                      73          40
                                               ---------   ---------  ----------
    1150    Total direct loan obligations...          47          73          40
    ----------------------------------------------------------------------------

        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........          75         138         171
    1231  Disbursements: Direct loan
            disbursements...................          73          40          40
    1251  Repayments: Repayments and
            prepayments.....................          -9          -6          -8
    1263  Write-offs for default: Direct
            loans...........................          -1          -1          -1
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........         138         171         202
    ---------------------------------------------------------------------------

        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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....          19             38            10              9
            Investments in US securities:
    1106      Receivables, net..............          25             23            22             22
    1206  Non-Federal assets: Receivables,
            net.............................           1
          Net value of assets related to
              post-1991 direct loans
              receivable:

    1401    Direct loans receivable, gross..          75            138            56             56
    1402    Interest receivable.............           1
    1405    Allowance for subsidy cost (-)..         -34            -42           -33            -33
                                            ------------ --------------  ------------  -------------
    1499      Net present value of assets
                related to direct loans.....          42             96            23             23
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................          87            157            55             54
        LIABILITIES:
          Federal liabilities:

    2101    Accounts payable................                          8             3              3
    2103    Debt............................          58            126            47             47
    2105    Other Federal liabilities.......          25             22             4              3
    2207  Non-Federal liabilities: Other....           4              1             1              1
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............          87            157            55             54
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position          87            157            55             54
    -----------------------------------------------------------------------------------------------

       Overseas Private Investment Corporation Guaranteed Loan Financing
                                     Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4075-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Default claims....................         167          45          45
    00.02 Capitalized costs.................          11           6           6
                                               ---------   ---------  ----------
    00.91   Direct Program by Activities--
              Subtotal (1 level)............         178          51          51
    08.02 Guaranteed Loan Reestimate........          93          30
    08.04 Interest on Reestimate............          42          10
                                               ---------   ---------  ----------
    08.91   Direct Program by Activities--
              Subtotal (1 level)............         135          40
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         313          91          51
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........         555         488         654
    22.00 New financing authority (gross)...         245         257         107
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         800         745         761
    23.95 Total new obligations.............        -313         -91         -51
    24.40 Unobligated balance carried
            forward, end of year............         488         654         710
    ----------------------------------------------------------------------------

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

            Discretionary:
    68.00     Offsetting collections (cash).          90          98         107
    68.10     Change in uncollected customer
                payments from Federal
                sources (unexpired).........          27
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....         117          98         107
          Mandatory:

    69.00   Offsetting collections (cash)
              Reestimate....................         128         159
                                               ---------   ---------  ----------
    70.00   Total new financing authority
              (gross).......................         245         257         107
    ----------------------------------------------------------------------------

    [[Page 941]]

        Change in obligated balances:
    72.40 Obligated balance, start of year..           8         -23          92
    73.10 Total new obligations.............         313          91          51
    73.20 Total financing disbursements
            (gross).........................        -317          24          26
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................         -27
    74.40 Obligated balance, end of year....         -23          92         169
    87.00 Total financing disbursements
            (gross).........................         317         -24         -26
    ----------------------------------------------------------------------------

        Offsets:
          Against gross financing authority and
              financing disbursements:

            Offsetting collections (cash)
                from:
              Federal sources:
    88.00       Federal sources: Payments
                  from program account......          25          -6          -7
    88.00       Federal sources: Reestimate
                  from 71-0100..............        -128        -159
    88.25     Interest on uninvested funds..         -39          -5          -7
              Non-Federal sources:
    88.40       Claim recoveries............          -7          -7          -9
    88.40       Fees........................         -69         -80         -84
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........        -218        -257        -107
          Against gross financing authority only:

    88.95   Change in receivables from
              program accounts..............         -27
    ----------------------------------------------------------------------------

        Net financing authority and financing
            disbursements:
    89.00 Financing authority...............
    90.00 Financing disbursements...........          99        -281        -133
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4075-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Position with respect to appropriations act
                    limitation on commitments:
    2111  Limitation on guaranteed loans
            made by private lenders.........
    2121  Limitation available from carry-
            forward.........................         809
    2131  Guaranteed loan commitments exempt
            from limitation.................                     715         765
    2143  Uncommitted limitation carried
            forward (-).....................
                                               ---------   ---------  ----------
    2150    Total guaranteed loan
              commitments...................         809         715         765
    2199  Guaranteed amount of guaranteed
            loan commitments................         809         715         765
    ----------------------------------------------------------------------------

        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........       3,350       3,513       3,793
    2231  Disbursements of new guaranteed
            loans...........................         525         525         525
    2251  Repayments and prepayments........        -200        -200        -200
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................        -162         -45         -45
                                               ---------   ---------  ----------
    2290    Outstanding, end of year........       3,513       3,793       4,073
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..       3,513       3,793       4,073
    ----------------------------------------------------------------------------

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

    2310    Outstanding, start of year......          49         204         242
    2331    Disbursements for guaranteed
              loan claims...................         162          45          45
    2351    Repayments of loans receivable..          -7          -7          -3
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......         204         242         284
    ---------------------------------------------------------------------------

        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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
    1101  Federal assets: Fund balances with
            Treasury........................         564            460           465            470
    1206  Non-Federal assets: Receivables,
            net.............................          17             20            20             20
          Net value of assets related to
              post-1991 acquired defaulted
              guaranteed loans receivable:

    1501    Defaulted guaranteed loans
              receivable, gross.............          49            204           242            284
                                            ------------ --------------  ------------  -------------
    1599      Net present value of assets
                related to defaulted
                guaranteed loans............          49            204           242            284
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................         630            684           727            774
        LIABILITIES:
          Non-Federal liabilities:

    2204    Liabilities for loan guarantees.         566            664           707            754
    2207    Other non-fed...................          29             20            20             20
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............         595            684           727            774
        NET POSITION:
    3300  Cumulative results of operations..          35
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............          35
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position         630            684           727            774
    -----------------------------------------------------------------------------------------------

           Overseas Private Investment Corporation Liquidating Account

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4030-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Anticipated claim payment.........                       1
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 33.0)...................                       1
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......           3           1
    22.40 Capital transfer to general fund..          -3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......                       1
    23.95 Total new obligations.............                      -1
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    69.00   Offsetting collections (cash)...           3           1
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           1           1           1
    73.10 Total new obligations.............                       1
    73.20 Total outlays (gross).............                      -1
    74.40 Obligated balance, end of year....           1           1           1
    ----------------------------------------------------------------------------

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

        Offsets:
          Against gross budget authority and outlays:

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

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

                   Status of Direct Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4030-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Cumulative balance of direct loans
                    outstanding:
    1210  Outstanding, start of year........           1           1           1
    1251  Repayments: Repayments and
            prepayments.....................
                                               ---------   ---------  ----------
    1290    Outstanding, end of year........           1           1           1
    ---------------------------------------------------------------------------

                 Status of Guaranteed Loans (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 71-4030-0-3-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Cumulative balance of guaranteed loans
                    outstanding:
    2210  Outstanding, start of year........          26          17           7
    2251  Repayments and prepayments........          -9          -9          -7
    2261  Adjustments: Terminations for
            default that result in loans
            receivable......................                      -1
                                               ---------   ---------  ----------

    [[Page 942]]

    2290    Outstanding, end of year........          17           7
    ----------------------------------------------------------------------------

        Memorandum:
    2299  Guaranteed amount of guaranteed
            loans outstanding, end of year..          17           7
    ----------------------------------------------------------------------------

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

    2310    Outstanding, start of year......          20          17          14
    2331    Disbursements for guaranteed
              loan claims...................                       1
    2351    Repayments of loans receivable..          -3          -4          -5
                                               ---------   ---------  ----------
    2390      Outstanding, end of year......          17          14           9
    ---------------------------------------------------------------------------

        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    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
    0101  Revenue...........................          13              3             1              1
    0102  Expense...........................         -13                           -1             -1
                                            ------------ --------------  ------------  -------------
    0105  Net income or loss (-)............                          3
    -----------------------------------------------------------------------------------------------

                                 Balance Sheet (in millions of dollars)

    -----------------------------------------------------------------------------------------------
    Identification code   71-4030-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
    -----------------------------------------------------------------------------------------------
        ASSETS:
          Federal assets:

    1101    Fund balances with Treasury.....           1              4             2
            Investments in US securities:
    1106      Federal Receivables...........
          Net value of assets related to
              pre-1992 direct loans
              receivable and acquired
              defaulted guaranteed loans
              receivable:

    1601    Direct loans, gross.............                          1
    1603    Allowance for estimated
              uncollectible loans and
              interest (-)..................                         -1
                                            ------------ --------------  ------------  -------------
    1699      Value of assets related to
                direct loans................
    1701    Defaulted guaranteed loans,
              gross.........................          19             17             7
    1703    Allowance for estimated
              uncollectible loans and
              interest (-)..................         -11             -7
                                            ------------ --------------  ------------  -------------
    1704      Defaulted guaranteed loans and
                interest receivable, net....           8             10             7
    1706    Defaulted guaranty acquired.....           2
                                            ------------ --------------  ------------  -------------
    1799      Value of assets related to
                loan guarantees.............          10             10             7
                                            ------------ --------------  ------------  -------------
    1999    Total assets....................          11             14             9
        LIABILITIES:
    2104  Federal liabilities: Resources
            payable to Treasury.............                         14             9
    2207  Non-Federal liabilities: Other....           1
                                            ------------ --------------  ------------  -------------
    2999    Total liabilities...............           1             14             9
        NET POSITION:
    3300  Cumulative results of operations..          10
                                            ------------ --------------  ------------  -------------
    3999    Total net position..............          10
                                            ------------ --------------  ------------  -------------
    4999  Total liabilities and net position          11             14             9
    -----------------------------------------------------------------------------------------------

                          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, $60,000,000, to remain available
    until September 30, 2005.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1001-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Feasibility studies, and other
            activities......................          75          48          53
    00.02 Operating expenses................           8           8           8
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          83          56          61
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          27           9
    22.00 New budget authority (gross)......          62          45          60
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           5           2           1
    22.22 Unobligated balance transferred
            from other accounts.............           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          95          56          61
    23.95 Total new obligations.............         -83         -56         -61
    23.98 Unobligated balance expiring or
            withdrawn.......................          -3
    24.40 Unobligated balance carried
            forward, end of year............           9
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          50          45          60
    42.00   Transferred from other accounts.          12
                                               ---------   ---------  ----------
    43.00     Appropriation (total
                discretionary)..............          62          45          60
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          88         108         106
    73.10 Total new obligations.............          83          56          61
    73.20 Total outlays (gross).............         -59         -55         -73
    73.45 Recoveries of prior year
            obligations.....................          -5          -2          -1
    74.40 Obligated balance, end of year....         108         106          93
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................          18          11          14
    86.93 Outlays from discretionary
            balances........................          41          44          59
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          59          55          73
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          62          45          60
    90.00 Outlays...........................          59          55          73
    ---------------------------------------------------------------------------

        Appropriated funds provide for the costs of the U.S. Trade and
    Development Agency (TDA), which include: program costs of grants for
    technical assistance, feasibility studies, and other project planning
    activities designed to implement development, trade and foreign policy
    objectives; 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
    developing and middle-income nations to foster economic development and
    to encourage the use of U.S. private sector technology, goods, and
    services in project implementation.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-1001-0-1-151      2002 actual   2003 est.   2004 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..           4           4           4
    41.0  Grants, subsidies, and
            contributions...................          75          48          53
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          83          56          61
    ---------------------------------------------------------------------------

    [[Page 943]]

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-1001-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          41          50          50
    ---------------------------------------------------------------------------

                                   PEACE CORPS

                                  Federal Funds

    General and special funds:

                                   Peace Corps

        For necessary expenses to carry out the provisions of the Peace
    Corps Act (75 Stat. 612), $359,000,000, including the purchase of not to
    exceed five passenger motor vehicles for administrative purposes for use
    outside of the United States: Provided, That none of the funds
    appropriated under this heading shall be used to pay for abortions:
    Provided further, That funds appropriated under this heading shall
    remain available until September 30, 2005.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0100-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
          Direct program:

    00.02   Africa region...................          54          65          80
    00.03   Europe, Mediterranean & Asia
              region........................          39          47          55
    00.04   Inter-America & Pacific region..          46          52          60
    00.05   Other volunteer support.........         133         170         164
    00.06   ERF for Country Evacuations.....           1
    09.01 Reimbursable program..............           4           5           4
                                               ---------   ---------  ----------
    10.00   Total new obligations...........         277         339         363
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          11          21           4
    22.00 New budget authority (gross)......         283         322         363
    22.22 Unobligated balance transferred
            from other accounts.............           4
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......         298         343         367
    23.95 Total new obligations.............        -277        -339        -363
    24.40 Unobligated balance carried
            forward, end of year............          21           4           4
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................         275         317         359
          Spending authority from offsetting
              collections:

    68.00   Offsetting collections (cash)...           4           5           4
    68.10   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................           4
                                               ---------   ---------  ----------
    68.90     Spending authority from
                offsetting collections
                (total discretionary).......           8           5           4
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................         283         322         363
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          88          84         113
    73.10 Total new obligations.............         277         339         363
    73.20 Total outlays (gross).............        -276        -311        -385
    73.40 Adjustments in expired accounts
            (net)...........................          -1
    74.00 Change in uncollected customer
            payments from Federal sources
            (unexpired).....................          -4
    74.40 Obligated balance, end of year....          84         113          91
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................         199         258         290
    86.93 Outlays from discretionary
            balances........................          77          53          95
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........         276         311         385
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

            Offsetting collections (cash)
                from:
    88.00     Federal sources...............          -3          -4          -3
    88.40     Non-Federal sources...........          -1          -1          -1
                                               ---------   ---------  ----------
    88.90       Total, offsetting
                  collections (cash)........          -4          -5          -4
          Against gross budget authority only:

    88.95   Change in uncollected customer
              payments from Federal sources
              (unexpired)...................          -4
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................         275         317         359
    90.00 Outlays...........................         271         306         381
    ----------------------------------------------------------------------------

    Additional net budget authority and outlays to cover cost of fully accruing
                                     retirement:
    99.00 Budget authority..................           3           3           3
    99.01 Outlays...........................           3           3           3
    ---------------------------------------------------------------------------

        Peace Corps' operating expenses will provide direct and indirect
    support for Americans engaged in voluntary services in approximately 78
    countries worldwide in 2004. The support will include the necessary
    safety and security provisions for the Peace Corps' Volunteers,
    trainees, and staff. By September 2004, there will be approximately
    10,000 Americans enrolled in the Peace Corps, consistent with the
    President's goal of 14,000 volunteers by 2007. 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.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0100-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

            Personnel compensation:
    11.1      Full-time permanent...........          50          67          68
    11.3      Other than full-time permanent           3           1           4
    11.5      Other personnel compensation..           1                       2
                                               ---------   ---------  ----------
    11.9        Total personnel compensation          54          68          74
    12.1    Civilian personnel benefits.....          64          73          83
    13.0    Benefits for former personnel...           1           1           1
    21.0    Travel and transportation of
              persons.......................          28          38          41
    22.0    Transportation of things........           2           2           2
    23.1    Rental payments to GSA..........           7           9           7
    23.2    Rental payments to others.......           9           9          12
    23.3    Communications, utilities, and
              miscellaneous charges.........           7           8           8
    24.0    Printing and reproduction.......           1           2           2
    25.1    Advisory and assistance services           5                       8
    25.2    Other services..................          43          75          60
    25.3    Other purchases of goods and
              services from Government
              accounts......................           8           7           5
    25.4    Operation and maintenance of
              facilities....................           1                       1
    25.6    Medical care....................          13          16          20
    25.7    Operation and maintenance of
              equipment.....................           1                       2
    26.0    Supplies and materials..........          12          12          15
    31.0    Equipment.......................          17          14          18
                                               ---------   ---------  ----------
    99.0      Direct obligations............         273         334         359
    99.0  Reimbursable obligations..........           4           5           4
                                               ---------   ---------  ----------
    99.9    Total new obligations...........         277         339         363
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-0100-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................         999       1,224       1,285
        Reimbursable:
    2001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................           2           3           3
    ---------------------------------------------------------------------------

    [[Page 944]]

                      Peace Corps Miscellaneous Trust Funds

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-9972-0-7-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............
        Receipts:
    02.00 Miscellaneous trust funds, Peace
            Corps...........................           1           3           2
        Appropriations:
    05.00 Peace Corps miscellaneous trust
            fund............................          -1          -3          -2
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-9972-0-7-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Trust Fund Program................           2           2           2
                                               ---------   ---------  ----------
    10.00   Total new obligations...........           2           2           2
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           6           5           6
    22.00 New budget authority (gross)......           1           3           2
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......           7           8           8
    23.95 Total new obligations.............          -2          -2          -2
    24.40 Unobligated balance carried
            forward, end of year............           5           6           6
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.26   Appropriation (trust fund)......           1           3           2
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..           1           1           1
    73.10 Total new obligations.............           2           2           2
    73.20 Total outlays (gross).............          -2          -2          -2
    74.40 Obligated balance, end of year....           1           1           1
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.98 Outlays from mandatory balances...           2           2           2
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................           1           3           2
    90.00 Outlays...........................           2           2           2
    ---------------------------------------------------------------------------

        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)(4) (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 Section 151 of
    Public Law 102-138, is maintained by annual Government contributions
    which are appropriated in the Peace Corps salaries and expenses account.

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-9972-0-7-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    25.2  Direct obligations: Other services           1           1           1
    99.5  Below reporting threshold.........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........           2           2           2
    ---------------------------------------------------------------------------

                            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, $15,185,000, to remain available
    until September 30, 2005.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-3100-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Development grants................          13          16          17
    00.02 Evaluations and other activities..           2           3           3
    00.04 Program management and operations.           6           6           6
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          21          25          26
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           7           2           2
    22.00 New budget authority (gross)......          14          25          26
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           1
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          22          27          28
    23.95 Total new obligations.............         -21         -25         -26
    24.40 Unobligated balance carried
            forward, end of year............           2           2           2
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          13          14          15
    68.00 Spending authority from offsetting
            collections: Offsetting
            collections (SPTF)..............           1          11          11
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................          14          25          26
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          30          25          28
    73.10 Total new obligations.............          21          25          26
    73.20 Total outlays (gross).............         -24         -22         -30
    73.40 Adjustments in expired accounts
            (net)...........................          -1
    73.45 Recoveries of prior year
            obligations.....................          -1
    74.40 Obligated balance, end of year....          25          28          24
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           8          12          12
    86.93 Outlays from discretionary
            balances........................          16          10          18
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          24          22          30
    ----------------------------------------------------------------------------

        Offsets:
          Against gross budget authority and outlays:

    88.40   Offsetting collections (cash)
              from: Non-Federal sources.....          -1         -11         -11
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          13          14          15
    90.00 Outlays...........................          23          11          19
    ---------------------------------------------------------------------------

        Established by the 1969 Foreign Assistance Act, the Inter-American
    Foundation (IAF) supports grassroots development initiatives in Latin
    America and the Caribbean with a direct impact on the lives and the
    capacity for self reliance of people at the lowest economic levels. In
    2003, the IAF will continue its strategic programming approaches that
    focus on: (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)
    increasing the participation of U.S. corporate and national private
    business sector resources in grassroots development initiatives. This
    strategy promotes social investment in Latin America and the Caribbean
    by the U.S. and local private business sector to improve the quality of
    life of the poor in the region. The IAF will continue to apply its
    system of measuring the results of its grants to improve Foundation
    decision-making and identify and disseminate good practice and lessons
    to new private sector contributors and development practitioners. Using
    results and evaluation information, the IAF will incorporate lessons
    learned into the IAF's strategic planning and grant decision-making
    processes. The IAF will continue to implement an integrated program
    management information system which will increase effi

    [[Page 945]]

    ciency in its operations and facilitate grant monitoring and results
    reporting.

        Development Grants.--This activity includes grants made directly to
    local private, non-profit organizations working in partnerships with
    businesses and local authorities to carry out development projects in
    Latin America and the Caribbean. In 2004, the IAF plans to award
    approximately 70 new grants and 15 supplemental grants in 14 countries.

        Evaluations and Other Activities.--This activity covers grant
    results assessments by in-country specialists and evaluations from a
    sample of the grants supported by the IAF. This activity also includes
    the publications that convey the IAF's partnership, corporate social
    responsibility and grossroots democracy experiences, and lessons to
    businesses, development practitioners, members of partnerships, and
    other donors.

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

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-3100-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    11.1    Personnel compensation: Full-
              time permanent................           3           3           3
    12.1    Civilian personnel benefits.....           1           1           1
    23.2    Rental payments to others.......           1           1           1
    25.1    Advisory and assistance services           2           3           3
    41.0    Grants, subsidies, and
              contributions.................          14          16          17
                                               ---------   ---------  ----------
    99.0      Direct obligations............          21          24          25
    99.5  Below reporting threshold.........                       1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          21          25          26
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-3100-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          43          47          47
    ---------------------------------------------------------------------------

                         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, $17,689,000, to remain
    available until September 30, 2005: Provided, That funds made available
    to recipients may be invested pending expenditure for project purposes
    when authorized by the board of directors of the Foundation: Provided
    further, That interest earned shall be used only for the purposes for
    which the grant was made: 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.

        Note.--A regular 2003 appropriation for this account had not been
    enacted at the time the budget was prepared; therefore, this account is
    operating under a continuing resolution (P.L. 107-229, as amended). The
    amounts included for 2003 in this budget reflect the Administration's
    2003 policy proposals.

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0700-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    00.01 Advance sustainable development
            and empowerment of the poor in
            Africa..........................          15          15          13
    00.02 Enhance US assistance and
            relations with Africa...........           3           4           4
    00.03 Expand use of participatory
            development policies and
            practices.......................           1
    00.04 Internal agency objectives........           1           1           1
                                               ---------   ---------  ----------
    10.00   Total new obligations...........          20          20          18
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           5           3
    22.00 New budget authority (gross)......          17          17          18
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           3
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......          24          20          18
    23.95 Total new obligations.............         -20         -20         -18
    23.98 Unobligated balance expiring or
            withdrawn.......................          -1
    24.40 Unobligated balance carried
            forward, end of year............           3
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Discretionary:

    40.00   Appropriation...................          17          17          18
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          11          15          18
    73.10 Total new obligations.............          20          20          18
    73.20 Total outlays (gross).............         -13         -18         -15
    73.45 Recoveries of prior year
            obligations.....................          -3
    74.40 Obligated balance, end of year....          15          18          19
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.90 Outlays from new discretionary
            authority.......................           6           8           8
    86.93 Outlays from discretionary
            balances........................           7          10           7
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........          13          18          15
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................          17          17          18
    90.00 Outlays...........................          14          18          15
    ---------------------------------------------------------------------------

        The African Development Foundation (ADF), a public corporation, is
    the only agency of the U.S. Government that directly supports community-
    based initiatives to alleviate poverty and promote sustainable
    development in Africa. Through its grant program, ADF provides Africans
    with the resources necessary to identify and solve their own problems.
    ADF relies on participatory development approaches that strengthen local
    capacity, foster ownership of development projects, and promote self-
    help and empowerment.

        In 2004, ADF will provide grants to recipients in fourteen African
    countries, either directly to grassroots groups or through non-
    governmental organizations. These grants will promote the following
    three strategic goals:

        (1) Advance broad-based, sustainable development and empowerment of
    the poor in Africa.--ADF will promote micro-and small-enterprise
    development to generate income and employment. ADF will increase
    participation of African businesses and producer groups in trade and
    investment relationships with the U.S. and within Africa. ADF will
    support community-based HIV/AIDS prevention and mitigation.

        (2) Expand local capacity to promote and support grassroots,
    participatory development.--ADF will build self-supporting, sustainable,
    local community development agencies that provide technical assistance
    and support to grassroots groups. ADF will develop and replicate new
    models for community reinvestment. ADF will continue to leverage
    additional funding through strategic partnerships with national and
    local governments, other donor agencies, and the local private sector.
    ADF will encourage African governments and other donors to increase
    utilization of participatory development ``best practices''.

        (3) Enhance American assistance and strengthen U.S. relations with
    Africa.--ADF will seek to leverage resources for grassroots development
    through strategic partnerships with the U.S. private sector and other
    U.S. Government agencies. ADF will work toward improving program and
    policy coordination with U.S. foreign assistance and foreign policy
    agencies.

    [[Page 946]]

                   Object Classification (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0700-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

          Direct obligations:

    11.1    Personnel compensation: Full-
              time permanent................           3           3           3
    25.2    Other services (O.C. 25)........           3           3           3
    41.0    Grants, subsidies, and
              contributions.................          13          13          11
                                               ---------   ---------  ----------
    99.0      Direct obligations............          19          19          17
    99.5  Below reporting threshold.........           1           1           1
                                               ---------   ---------  ----------
    99.9    Total new obligations...........          20          20          18
    ---------------------------------------------------------------------------

                                  Personnel Summary

    ----------------------------------------------------------------------------
    Identification code 11-0700-0-1-151      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Direct:
    1001  Total compensable workyears:
            Civilian full-time equivalent
            employment......................          27          32          32
    ---------------------------------------------------------------------------

                         INTERNATIONAL MONETARY PROGRAMS

                                  Federal Funds

    General and special funds:

             United States Quota in the International Monetary Fund

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0003-0-1-155      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........      17,859      19,580      19,580
    22.10 Resources available from
            recoveries of prior year
            obligations.....................       1,651
                                               ---------   ---------  ----------
    23.90   Total budgetary resources
              available for obligation......      19,510      19,580      19,580
    23.98 Adjustment of $ equivalent........          69
    24.40 Unobligated balance carried
            forward, end of year............      19,580      19,580      19,580
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..      29,479      28,273      28,273
    73.20 Total outlays (gross).............         446
    73.45 Recoveries of prior year
            obligations.....................      -1,651
    74.40 Obligated balance, end of year....      28,273      28,273      28,273
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.98 Outlays from mandatory balances...        -446
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................
    90.00 Outlays...........................        -446
    ---------------------------------------------------------------------------

        As part of a general increase in IMF quota resources, on November
    17, 1998, the United States consented to an increase in its quota to SDR
    37,149.3 million (about $52 billion at that time). The increase in the
    U.S. quota involves no net budget outlays. Similarly, use by the IMF of
    the quota commitment does not result in net budget outlays because the
    United States receives an increase in its international monetary
    reserves corresponding to any transfer of dollars under the U.S. quota
    subscription. The United States can use these interest-bearing reserves
    to meet a balance of payments financing need.

    For Loans to the International Monetary Fund--New Arrangements To Borrow

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-0074-0-1-155      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........       8,652       8,878       8,652
    23.98 Adjustment of $ equivalent........         226
    24.40 Unobligated balance carried
            forward, end of year............       8,878       8,652       8,652
    ----------------------------------------------------------------------------

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

        The General Arrangements to Borrow (GAB) were established in 1962 by
    10 industrial countries, including the United States, as a means of
    supplementing the IMF's resources when needed to forestall or cope with
    an impairment of the international monetary system. GAB members agreed
    in early 1983 to increase their financial commitments to the GAB from
    approximately SDR 6.3 billion to SDR 17 billion, with the U.S. share
    rising from $2.0 billion to approximately $6.4 billion.

        In January 1997, the Executive Board of the IMF approved the
    creation of the New Arrangements to Borrow (NAB) to further supplement
    resources available to the IMF to forestall or cope with an impairment
    of the international monetary system or to deal with an exceptional
    situation that poses a threat to the stability of the system. The NAB
    became effective on November 17, 1998. In 2002, twenty-five countries
    and institutions participated in the NAB through a set of credit
    arrangements with the IMF totaling SDR 34 billion (about $48 billion on
    the date of establishment), of which the U.S. share is approximately SDR
    6.7 billion (about $9.0 billion at end-December 2002). Chile is in the
    process of becoming the twenty-sixth member. Although the GAB continues
    to exist, the sum of loans advanced under the NAB and GAB cannot exceed
    SDR 34 billion. The sum of U.S. loans advanced under both arrangements
    cannot exceed the U.S. share of the NAB.

        Financing extended by the United States under the GAB and NAB does
    not result in any net budget outlays because such financing results in
    an equivalent increase in U.S. international reserve assets in the form
    of a claim on the IMF.

        During 1998 (July), the IMF made one call on GAB participants in
    support of an assistance program for Russia, of which the U.S. share was
    approximately $483 million. On December 15, 1998, the IMF made a call on
    NAB participants in support of an assistance program for Brazil, of
    which the U.S. share was approximately $860 million. The GAB and NAB
    loans were paid back in full on March 11, 1999. Since 1999, no calls
    were made on GAB or NAB participants, and no loans were outstanding at
    the end of the fiscal year.

                             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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........          28          28          18
    22.10 Resources available from
            recoveries of prior year
            obligations.....................           8
    22.40 Capital transfer to general fund..          -8         -10         -10
                                               ---------   ---------  ----------

    [[Page 947]]

    23.90   Total budgetary resources
              available for obligation......          28          18           8
    24.40 Unobligated balance carried
            forward, end of year............          28          18           8
    ----------------------------------------------------------------------------

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

            Discretionary:
    68.00     Offsetting collections (cash).           2
    68.27     Capital transfer to general
                fund........................          -2
                                               ---------   ---------  ----------
    68.90       Spending authority from
                  offsetting collections
                  (total discretionary).....
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..          16           8           3
    73.20 Total outlays (gross).............           2          -5          -3
    73.45 Recoveries of prior year
            obligations.....................          -8
    74.40 Obligated balance, end of year....           8           3
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.93 Outlays from discretionary
            balances........................          -2           5           3
    ----------------------------------------------------------------------------

        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...........................          -4           5           3
    ---------------------------------------------------------------------------

        This fund shows the financing transactions related to the
    procurement of defense articles prior to orders being placed by foreign
    countries and international organizations. This program is being phased
    out.

                                   Trust Funds

                        Foreign Military Sales Trust Fund

                  Unavailable Collections (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8242-0-7-155      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    01.99 Balance, start of year............
        Receipts:
    02.20 Deposits, advances, foreign
            military sales..................      11,225      12,259      11,974
        Appropriations:
    05.00 Foreign military sales trust fund.     -11,225     -12,259     -11,974
                                               ---------   ---------  ----------
    07.99 Balance, end of year..............
    ---------------------------------------------------------------------------

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8242-0-7-155      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Obligations by program activity:
    09.01 Military personnel................          83          90          94
    09.02 Operations and maintenance........         312         298         305
    09.03 Procurement.......................      11,638      11,638       7,354
    09.04 Research, development, test and
            evaluation......................          20          27          27
    09.06 Revolving and management funds....         711         827         839
    09.07 Construction......................          95          96          97
    09.08 Other.............................         355         356         361
                                               ---------   ---------  ----------
    10.00   Total new obligations (object
              class 25.3)...................      13,214      13,332       9,077
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    22.00 New budget authority (gross)......      13,214      13,332       9,077
    23.95 Total new obligations.............     -13,214     -13,332      -9,077
    ----------------------------------------------------------------------------

        New budget authority (gross), detail:
          Mandatory:

    60.26   Appropriation (trust fund)......      11,225      12,259      11,974
    60.49   Portion applied to liquidate
              contract authority............     -11,225     -12,259     -11,974
                                               ---------   ---------  ----------
    62.50     Appropriation (total
                mandatory)..................
    66.10   Contract authority..............      13,214      13,332       9,077
                                               ---------   ---------  ----------
    70.00   Total new budget authority
              (gross).......................      13,214      13,332       9,077
    ----------------------------------------------------------------------------

        Change in obligated balances:
    72.40 Obligated balance, start of year..      18,781      20,932      22,005
    73.10 Total new obligations.............      13,214      13,332       9,077
    73.20 Total outlays (gross).............     -11,062     -12,259     -11,974
    74.40 Obligated balance, end of year....      20,932      22,005      19,108
    ----------------------------------------------------------------------------

        Outlays (gross), detail:
    86.97 Outlays from new mandatory
            authority.......................       1,587       1,502       1,068
    86.98 Outlays from mandatory balances...       9,475      10,757      10,906
                                               ---------   ---------  ----------
    87.00   Total outlays (gross)...........      11,062      12,259      11,974
    ----------------------------------------------------------------------------

        Net budget authority and outlays:
    89.00 Budget authority..................      13,214      13,332       9,077
    90.00 Outlays...........................      11,062      12,259      11,974
    ---------------------------------------------------------------------------

                Status of Contract Authority (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 11-8242-0-7-155      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
        Contract authority:
    0200  Contract authority................      13,214      13,332       9,077
    0400  Appropriation to liquidate
            contract authority..............     -11,225     -12,259     -11,974
    ---------------------------------------------------------------------------

        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

                                         2002 actual  2003 est.   2004 est.
    Estimates of new orders (sales).....      12,500      14,200       8,900

        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

                                         2002 actual  2003 est.   2004 est.
    Obligations of the fund.............      13,214      13,332       9,077
    Receipts from foreign governments
    (appropriation).....................     -11,225     -12,259     -11,974
                                        ------------------------------------
        Net budget authority............       1,989       1,073      -2,897
                                        ====================================
    Payments from the fund (outlays)....      11,062      12,259      11,974
    Receipts from foreign governments
    (appropriation).....................     -11,225     -12,259     -11,974
                                        ------------------------------------
        Net outlays.....................        -163           0           0
                                        ====================================

                     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      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

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

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

        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 948]]

                   Central American Reconciliation Assistance

                   Program and Financing (in millions of dollars)

    ----------------------------------------------------------------------------
    Identification code 72-1038-0-1-152      2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------

        Budgetary resources available for obligation:
    21.40 Unobligated balance carried
            forward, start of year..........           1           1           1
    24.40 Unobligated balance carried
            forward, end of year............           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)

    ----------------------------------------------------------------------------
                                             2002 actual   2003 est.   2004 est.
    ----------------------------------------------------------------------------
    Offsetting receipts from the public:
      11-272330  Debt restructuring,
        Downward reestimates of subsidies...                       4
      11-272430  Foreign military financing,
        Downward reestimates of subsidies...          16         522
      71-274930  Overseas Private Investment
        Corporation loans, downward
        reestimates of subsidy..............         135          58
      72-273030  Microenterprise and small
        enterprise development, Downward
        reestimates of subsidies............           1
      72-273130  Assistance for the new
        independent states of the former
        Soviet Union: Ukraine export credit
        insurance, Downward reestimates.....          34
      72-274430  Urban and environmental
        credit program, downward reestimates
        of subsidies........................          14          30
      72-275230  Development credit
        authority program account, downward
        reestimates of loan guarantees......           1
                                               ---------   ---------  ----------
    General Fund Offsetting receipts from
     the public.............................         201         614
    ---------------------------------------------------------------------------

                           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.

                        limitation on residence expenses

        Sec. 502. Of the funds appropriated or made available pursuant to
    this Act, not to exceed $100,500 shall be for official residence
    expenses of the United States 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. 503. Of the funds appropriated or made available pursuant to
    this Act, not to exceed $5,000 shall be for entertainment expenses of
    the United States Agency for International Development during the
    current fiscal year.

                    limitation on representational allowances

        Sec. 504. Of the funds appropriated or made available pursuant to
    this Act, not to exceed $125,000 shall be available for representation
    allowances for the United States 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 $4,000 shall be
    available for entertainment expenses and not to exceed $125,000 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 $4,000 shall be available for
    representation and entertainment allowances.

            prohibition against direct funding for certain countries

        Sec. 505. 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 assistance to such
    country 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. 506. None of the funds appropriated or otherwise made available
    pursuant to this Act shall be obligated or expended to finance directly
    any assistance to the government of any country whose duly elected head
    of government is deposed by military coup or decree: Provided, That
    assistance may be resumed to such government if the President determines
    and certifies to the Committees on Appropriations that subsequent to the
    termination of assistance a democratically elected government has taken
    office: Provided further, That the provisions of this section shall not
    apply to assistance to promote democratic elections or public
    participation in democratic processes or if the President determines
    that assistance to such country is in the national interest of the
    United States: Provided further, That funds made available pursuant to
    the previous provisos shall be subject to the regular notification
    procedures of the Committees on Appropriations.

                           transfers between accounts

        Sec. 507. None of the funds made available by this Act may be
    obligated under an appropriation account to which they were not
    appropriated, except for transfers specifically provided for in this
    Act, unless the President, prior to the exercise of any authority
    contained in the Foreign Assistance Act of 1961 to transfer funds,
    consults with and provides a written policy justification to the
    Committees on Appropriations of the House of Representatives and the
    Senate.

                       deobligation/reobligation authority

        Sec. 508. Obligated balances of funds appropriated to carry out
    section 23 of the Arms Export Control Act as of the end of the fiscal
    year immediately preceding the current fiscal year are, if deobligated,
    hereby continued available during the current fiscal year for the same
    purpose under any authority applicable to such appropriations under this
    Act: Provided, That the authority of this subsection may not be used in
    fiscal year 2004.

                              availability of funds

        Sec. 509. 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, 11, and 12 of part
    I, section 667, chapter 4 of part II of the Foreign Assistance Act of
    1961, as amended, section 23 of the Arms Export Control Act, and funds
    provided under the heading ``Assistance for Eastern Europe and the
    Baltic States'', shall remain available for an additional four years
    from the date on which the availability of such funds would otherwise
    have expired, 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

    [[Page 949]]

    in order to address balance of payments or economic policy reform
    objectives, shall remain available until expended.

                limitation on assistance to countries in default

        Sec. 510. No part of any appropriation contained in this Act shall
    be used to furnish assistance to the government of 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 the
    government of such country by the United States pursuant to a program
    for which funds are appropriated under this Act unless the President
    determines that assistance to such country is in the national interest
    of the United States.

                            notification requirements

        Sec. 511. 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 Health Programs
    Fund'', ``Development Assistance'', ``International Organizations and
    Programs'', ``Trade and Development Agency'', ``International Narcotics
    Control and Law Enforcement'', ``Andean Counterdrug Initiative'',
    ``Assistance for Eastern Europe and the Baltic States'', ``Assistance
    for the Independent States of the Former Soviet Union'', ``Economic
    Support Fund'', ``Peacekeeping Operations'', ``Operating Expenses of the
    United States Agency for International Development'', ``Capital
    Investment Fund'', ``Operating Expenses of the United States 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'', and ``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 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: 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 3 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.

    limitation on availability of funds for international organizations and
                                    programs

        Sec. 512. Subject to the regular notification procedures of the
    Committees on Appropriations, funds appropriated under this Act or any
    previously enacted Act making appropriations for foreign operations,
    export financing, and related programs, which are returned or not made
    available for organizations and programs because of the implementation
    of section 307(a) of the Foreign Assistance Act of 1961, shall remain
    available for obligation until September 30, 2005.

                  independent states of the former soviet union

        Sec. 513. Funds appropriated in this or prior appropriations Acts
    that are or have been made available for an Enterprise Fund in the
    Independent States of the Former Soviet Union 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 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.

       prohibition on funding for abortions and involuntary sterilization

        Sec. 514. 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.

                      export financing transfer authorities

        Sec. 515. Not to exceed 5 percent of any appropriation other than
    for administrative expenses made available for fiscal year 2003, 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.

                  definition of program, project, and activity

        Sec. 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 United States
    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 the enactment of this
    Act, as required by section 653(a) of the Foreign Assistance Act of
    1961.

                      child survival and health activities

        Sec. 517. Up to $15,500,000 of the funds made available by this Act
    for assistance under the heading, ``Child Survival and Health Programs
    Fund'', 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 United States
    Agency for International Development for the purpose of carrying out
    activities under that heading: Provided, That up to $3,000,000 of the
    funds made available by this Act for assistance under the heading,
    ``Development Assistance'', may be used to reimburse such agencies,
    institutions, and organizations for such costs of such invididuals
    carrying out other development assistance activities: Provided further,
    That funds appropriated by this Act that are made available for child
    survival activities or health programs including activities relating to
    research on, and the prevention, treatment and control of, HIV/AIDS may
    be made available notwithstanding any other provision of law: Provided
    further, That funds appropriated under title II of this Act may be made
    available pursuant to section 301 of the Foreign Assistance Act of 1961
    if a primary purpose of the assistance is for child survival and related
    programs.

                               democracy programs

        Sec. 518. (a) Funds appropriated by this Act that are provided to
    the National Endowment for Democracy may be made available
    notwithstanding any other provision of law or regulation: Provided, That
    notwithstanding any other provision of law, funds appropriated

    [[Page 950]]

    by this Act to carry out provisions of chapter 4 of part II of the
    Foreign Assistance Act of 1961, may be made available for assistance for
    activities to support democracy, human rights, and the rule of law in
    the People's Republic of China.
        (b) Funds appropriated by this Act under the heading ``Economic
    Support Fund'' may be made available, notwithstanding any other
    provision of law, for programs and activities to foster democracy, human
    rights, press freedoms, women's development, and the rule of law in
    countries with a significant Muslim population, and where such programs
    and activities would be important to United States efforts to respond
    to, deter, or prevent acts of international terrorism: Provided, That
    funds made available pursuant to the authority of this subsection should
    support new initiatives or bolster ongoing programs and activities in
    those countries.

           prohibition on bilateral assistance to terrorist countries

        Sec. 519. (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 the 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.

                              debt-for-development

        Sec. 520. 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 United States
    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.

      compensation for united states executive directors to international
                             financial institutions

        Sec. 521. (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. 522. 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
            (3) the assistance to be provided will be humanitarian
        assistance for foreign nationals who have fled Iraq and Kuwait.

     authorities for the peace corps, inter-american foundation and african
                             development foundation

        Sec. 523. 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 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. 524. None of the funds appropriated by this Act may be
    obligated or expended to provide--
            (a) any financial incentive to a business enterprise currently
        located in the United States for the purpose of inducing such an
        enterprise to relocate outside the United States if such incentive
        or inducement is likely to reduce the number of employees of such
        business enterprise in the United States because United States
        production is being replaced by such enterprise outside the United
        States; or
            (b) assistance for any project or activity that contributes to
        the violation of internationally recognized workers rights, as
        defined in section 507(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. 525. (a) Afghanistan, Pakistan, Lebanon, Montenegro, Victims of
    War, Displaced Children, and Displaced Burmese.--Funds appropriated in
    this Act that are made available for Afghanistan, Pakistan, Lebanon,
    Montenegro, and for victims of war, displaced children, and displaced
    Burmese, and to assist victims of trafficking in persons and, subject to
    the regular notification procedures of the Committees on Appropriations,
    to combat such trafficking, may be made available notwithstanding any
    other provision of law: Provided, That any such funds that are made
    available for Cambodia shall be subject to the provisions of section
    531(e) of the Foreign Assistance Act of 1961 and section 906 of the
    International Security and Development Cooperation Act of 1985.
        (b) Tropical Forestry and Biodiversity Conservation Activities.--
    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 may be used, notwithstanding any other provision of law, for the
    purpose of supporting tropical forestry and biodiversity conservation
    activities and energy programs aimed at reducing greenhouse gas
    emissions: Provided, That such assistance shall be subject to sections
    116, 502B, and 620A of the Foreign Assistance Act of 1961.
        (c) Personal Services Contractors.--Funds appropriated by this Act
    to carry out chapter 1 of part I, chapter 4 of part II, and section 667
    of the Foreign Assistance Act of 1961, and title II of the Agricultural
    Trade Development and Assistance Act of 1954, may be used by the United
    States Agency for International Development to employ up to 25 personal
    services contractors in the United States, notwithstanding any other
    provision of law, for the purpose of providing direct, interim support
    for new or expanded overseas programs and activities and managed by the
    agency until permanent direct hire personnel are hired and trained:
    Provided, That not more than 10 of such contractors shall be assigned to
    any bureau or office: Provided further, That such funds appropriated to
    carry out title II of the Agricultural Trade Development and Assistance
    Act of 1954, may be made available only for personal services
    contractors assigned to the Office of Food for Peace.
        (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.

    [[Page 951]]

        (2) Period of Application of Waiver.--Any waiver pursuant to
    paragraph (1) shall be effective for no more than a period of 6 months
    at a time and shall not apply beyond 12 months after the enactment of
    this Act.
        (e) Contingencies.--During fiscal year 2004, the President may use
    up to $100,000,000 under the authority of section 451 of the Foreign
    Assistance Act, notwithstanding the funding ceiling in section 451(a).
        (f) Small Business.--In entering into multiple award indefinite-
    quantity contracts with funds appropriated by this Act, the United
    States Agency for International Development may provide an exception to
    the fair opportunity process for placing task orders under such
    contracts when the order is placed with any category of small or small
    disadvantaged business.
        (g) Reconstituting Civilian Police Authority.--In providing
    assistance with funds appropriated by this Act under section 660(b)(6)
    of the Foreign Assistance Act of 1961, support for a nation emerging
    from instability may be deemed to mean support for regional, district,
    municipal, or other sub-national entity emerging from instability, as
    well as a nation emerging from instability.

                      administration of justice activities

        Sec. 526. 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. 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.

                           eligibility for assistance

        Sec. 527. (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,
    11, and 12 of part I and chapter 4 of part II of the Foreign Assistance
    Act of 1961, and from funds appropriated under the heading ``Assistance
    for Eastern Europe and the Baltic States'': Provided, That the President
    shall take into consideration, in any case in which a restriction on
    assistance would be applicable but for this subsection, whether
    assistance in support of programs of nongovernmental organizations is in
    the national interest of the United States: Provided further, That
    before using the authority of this subsection to furnish assistance in
    support of programs of nongovernmental organizations, the President
    shall notify the Committees on Appropriations under the regular
    notification procedures of those committees, including a description of
    the program to be assisted, the assistance to be provided, and the
    reasons for furnishing such assistance: Provided further, That nothing
    in this subsection shall be construed to alter any existing statutory
    prohibitions against abortion or involuntary sterilizations contained in
    this or any other Act.
        (b) Public Law 480.--During fiscal year 2004, 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
        of 1961 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
        the government of a country that violates internationally recognized
        human rights.

                                    earmarks

        Sec. 528. (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 not
    possible by operation of any provision of this or any other Act or other
    compelling foreign policy reason: 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 United States 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.  529. 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.
    Earmarks or minimum funding requirements contained in any other Act
    shall not be applicable to funds appropriated by this Act.

                     prohibition on publicity or propaganda

        Sec. 530. 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 the enactment of this Act by the
    Congress.

                purchase of american-made equipment and products

        Sec. 531. To the maximum extent practicable, assistance provided
    under this Act should make full use of American resources, including
    commodities, products, and services.

         limitation on assistance for the plo for the west bank and gaza

        Sec. 532. None of the funds appropriated by this Act may be
    obligated for assistance for the Palestine Liberation Organization for
    the West Bank and Gaza unless the President has exercised the authority
    under section 604(a) of the Middle East Peace Facilitation Act of 1995
    (title VI of Public Law 104-107) or any other legislation to suspend or
    make inapplicable section 307 of the Foreign Assistance Act of 1961 and
    that suspension is still in effect: Provided, That if the President
    fails to make the certification under section 604(b)(2) of the Middle
    East Peace Facilitation Act of 1995 or to suspend the prohibition under
    other legislation, funds appropriated by this Act may not be obligated
    for assistance for the Palestine Liberation Organization for the West
    Bank and Gaza.

                          war crimes tribunals drawdown

        Sec. 533. 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 $30,000,000 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 or authorize 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).

                                    landmines

        Sec. 534. Notwithstanding any other provision of law, demining
    equipment available to the United States 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.

                restrictions concerning the palestinian authority

        Sec. 535. 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 Declara

    [[Page 952]]

    tion 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. 536. 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 or under the headings ``Child Survival and Health
    Programs Fund'', ``Development Assistance'' and ``Economic Support
    Fund'' may be obligated or expended to pay for--
            (1) alcoholic beverages; or
            (2) entertainment expenses for activities that are substantially
        of a recreational character, including entrance fees at sporting
        events and amusement parks.

                       special debt relief for the poorest

        Sec. 537. (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, 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 or section 321 of the
    International Development and Food Assistance Act of 1975.

                  authority to engage in debt buybacks or sales

        Sec. 538. (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 development,
                in a manner consistent with sections 707 through 710 of the
                Foreign Assistance Act of 1961, if the sale, reduction, or
                cancellation would not contravene any term or condition of
                any prior agreement relating to such loan.
            (2) Terms and conditions.--Notwithstanding any other provision
        of law, the President shall, in accordance with this section,
        establish the terms and conditions under which loans may be sold,
        reduced, or canceled pursuant to this section.
            (3) Administration.--The Facility, as defined in section 702(8)
        of the Foreign Assistance Act of 1961, shall notify the
        administrator of the agency primarily responsible for administering
        part I of the Foreign Assistance Act of 1961 of purchasers that the
        President has determined to be eligible, and shall direct such
        agency to carry out the sale, reduction, or cancellation of a loan
        pursuant to this section. Such agency shall make an adjustment in
        its accounts to reflect the sale, reduction, or cancellation.
            (4) Limitation.--The authorities of this subsection shall be
        available only to the extent that appropriations for the cost of the
        modification, as defined in section 502 of the Congressional Budget
        Act of 1974, are made in advance.
        (b) Deposit of Proceeds.--The proceeds from the sale, reduction, or
    cancellation of any loan sold, reduced, or canceled pursuant to this
    section shall be deposited in the United States Government account or
    accounts established for the repayment of such loan.
        (c) Eligible Purchasers.--A loan may be sold pursuant to subsection
    (a)(1)(A) only to a purchaser who presents plans satisfactory to the
    President for using the loan for the purpose of engaging in debt-for-
    equity swaps, debt-for-development swaps, or debt-for-nature swaps.
        (d) Debtor Consultations.--Before the sale to any eligible
    purchaser, or any reduction or cancellation pursuant to this section, of
    any loan made to an eligible country, the President should consult with
    the country concerning the amount of loans to be sold, reduced, or
    canceled and their uses for debt-for-equity swaps, debt-for-development
    swaps, or debt-for-nature swaps.
        (e) Availability of Funds.--The authority provided by subsection (a)
    may be used only with regard to funds appropriated by this Act under the
    heading ``Debt Restructuring''.

                                haiti coast guard

        Sec. 539. 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 Coast Guard.

              limitation on assistance to the palestinian authority

        Sec. 540. (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.
        (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 6 months

    [[Page 953]]

    at a time and shall not apply beyond 12 months after the enactment of
    this Act.

      prohibition on assistance to the palestinian broadcasting corporation

        Sec. 541. None of the funds appropriated or otherwise made available
    by this Act may be used to provide equipment, technical support,
    consulting services, or any other form of assistance to the Palestinian
    Broadcasting Corporation.

                                      iraq

        Sec. 542. Notwithstanding any other provision of law, funds
    appropriated by this Act may be made available for programs benefitting
    the Iraqi people and to support efforts to bring about a political
    transition in Iraq.

                     commercial leasing of defense articles

        Sec. 543. 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.

                        Community-Based Police Assistance

        Sec. 544. (a) Authority.--Funds made available by this Act to carry
    out the provisions of chapter 1 of part I and chapter 4 of part II of
    the Foreign Assistance Act of 1961 may be used, notwithstanding section
    660 of that Act, to enhance the effectiveness and accountability of
    civilian police authority in Jamaica and El Salvador through training
    and technical assistance in internationally recognized human rights, the
    rule of law, strategic planning, and through the promotion of civilian
    police roles that support democratic governance including programs to
    prevent conflict and foster improved police relations with the
    communities they serve.
        (b) Report.--The Administrator of the United States Agency for
    International Development shall submit a report to the appropriate
    congressional committees describing the progress each program is making
    toward improving police relations with the communities they serve and
    institutionalizing an effective community-based police program.

    excess defense articles for central and southern european countries and
                             certain other countries

        Sec. 545. Notwithstanding section 516(e) of the Foreign Assistance
    Act of 1961 (22 U.S.C. 2321j(e)), during each of the fiscal years 2004
    and 2005, funds available to the Department of Defense may be expended
    for crating, packing, handling, and transportation of excess defense
    articles transferred under the authority of section 516 of such Act to
    Albania, Bulgaria, Croatia, Estonia, Former Yugoslavia Republic of
    Macedonia, Georgia, India, Kazakhstan, Kyrgyzstan, Latvia, Lithuania,
    Moldova, Mongolia, Pakistan, Romania, Slovakia, Slovenia, Tajikistan,
    Turkmenistan, Ukraine, and Uzbekistan: Provided, That section 105 of
    Public Law 104-164, as amended, is further amended by striking ``2003
    and 2004'' and inserting ``2004 and 2005''.