Appendix - International Assistance Program

[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)

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

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)

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.

Program and Financing (in millions of dollars)

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.

Program and Financing (in millions of dollars)

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.

Program and Financing (in millions of dollars)

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.

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)

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)

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)

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)

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)

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)

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.

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.

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.

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.

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.

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.

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.

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.)

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.

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.

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)

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.

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.

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)

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.

[[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)

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.

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)

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)

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.

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)

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.

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)

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)

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.

Program and Financing (in millions of dollars)

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.

Program and Financing (in millions of dollars)

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)

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.

Program and Financing (in millions of dollars)

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.

[[Page 927]]

Program and Financing (in millions of dollars)

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.

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.

Program and Financing (in millions of dollars)

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)

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)

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)

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)

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

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)

Program and Financing (in millions of dollars)

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)

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)

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)

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)

Program and Financing (in millions of dollars)

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)

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)

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)

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.

General Fund Credit Receipt Accounts (in millions of dollars)

Program and Financing (in millions of dollars)

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

Development Credit Authority Guaranteed Loan Financing Account

Program and Financing (in millions of dollars)

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)

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)

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.

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)

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]]

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)

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.

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)

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)

[[Page 940]]

Overseas Private Investment Corporation Direct Loan Financing Account

Program and Financing (in millions of dollars)

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

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)

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)

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)

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.

Program and Financing (in millions of dollars)

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

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.

Program and Financing (in millions of dollars)

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)

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)

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

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.

Program and Financing (in millions of dollars)

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)

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.

Program and Financing (in millions of dollars)

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)

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)

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.
----------------------------------------------------------------------------

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''.