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


                     THE BUDGET FOR FISCAL YEAR 2004

[[Page 903]]

 
                    INTERNATIONAL ASSISTANCE PROGRAMS

                    MILLENNIUM CHALLENGE CORPORATION

                              Federal Funds

General and special funds:

                      Millennium Challenge Account

              (Legislative proposal, not subject to PAYGO)

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

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

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

               Object Classification (in millions of dollars)

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

                              Personnel Summary

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

                                


 
                    INTERNATIONAL SECURITY ASSISTANCE

                              Federal Funds

General and special funds:

                          Economic Support Fund

    For necessary expenses to carry out the provisions of chapter 4 of 
part II, $2,535,000,000, to remain available until September 30, 2005: 
Provided, That funds appropriated under this heading that are made 
available for Israel, shall be available on a grant basis as a cash 
transfer and shall be disbursed within 30 days of the enactment of this 
Act or by October 31, 2003, whichever is later: Provided further, That 
funds under this heading may be used, notwithstanding any other 
provision of law, to establish and operate one or more enterprise funds 
in the Middle East region: Provided further, that provisions contained 
in section 201 of the Support for East European Democracy (SEED) Act of 
1989 (excluding the authorizations of appropriations provided in 
subsection (b) of that section) shall apply with respect to such 
enterprise funds: Provided further, That funds appropriated under this 
heading may be used, notwithstanding any other provision of law, to 
provide assistance to the National Democratic Alliance of Sudan to 
strengthen its ability to protect civilians from attacks, slave raids, 
and aerial bombardment by the Sudanese Government forces and its militia 
allies, and the provision of such funds shall be subject to the regular 
notification procedures of the Committees on Appropriations: Provided 
further, That in the previous proviso, the term ``assistance'' includes 
non-lethal, non-food aid such as blankets, medicine, fuel, mobile 
clinics, water drilling

[[Page 904]]

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

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

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

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

    (3) Strengthening the capacity to manage the human dimension of the 
transition to democracy and a market econ- omy and to help sustain the 
neediest sectors of the population during the transition period.

               Object Classification (in millions of dollars)

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

      Direct obligations:

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

                                

                 Economic Support Fund Transfer Account

               Program and Financing (in millions of dollars)

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

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

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

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

                                

   Central America and the Caribbean Emergency Disaster Recovery Fund

               Program and Financing (in millions of dollars)

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

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

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

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

                                

                   Foreign Military Financing Program

    For expenses necessary for grants to enable the President to carry 
out the provisions of section 23 of the Arms Export Control Act, 
$4,414,000,000: Provided, That funds appropriated by this paragraph that 
are made available for Israel shall be disbursed within 30 days of the 
enactment of this Act or by October 31, 2003, whichever is later: 
Provided further, That funds appropriated by this paragraph shall be 
nonrepayable notwithstanding any requirement in section 23 of the Arms 
Export Control Act: Provided further, That funds

[[Page 905]]

made available under this paragraph shall be obligated upon 
apportionment in accordance with paragraph (5)(C) of title 31, United 
States Code, section 1501(a).
    None of the funds made available under this heading shall be 
available to finance the procurement of defense articles, defense 
services, or design and construction services that are not sold by the 
United States Government under the Arms Export Control Act unless the 
foreign country proposing to make such procurements has first signed an 
agreement with the United States Government specifying the conditions 
under which such procurements may be financed with such funds: Provided, 
That funds made available under this heading may be used, 
notwithstanding any other provision of law, for demining, the clearance 
of unexploded ordnance, and related activities, and may include 
activities implemented through nongovernmental and international 
organizations: Provided further, That only those countries for which 
assistance was justified for the ``Foreign Military Sales Financing 
Program'' in the fiscal year 1989 congressional presentation for 
security assistance programs may utilize funds made available under this 
heading for procurement of defense articles, defense services or design 
and construction services that are not sold by the United States 
Government under the Arms Export Control Act: Provided further, That 
funds appropriated under this heading shall be expended at the minimum 
rate necessary to make timely payment for defense articles and services: 
Provided further, That not more than $40,500,000 of the funds 
appropriated under this heading may be obligated for necessary expenses, 
including the purchase of passenger motor vehicles for replacement only 
for use outside of the United States, for the general costs of 
administering military assistance and sales: Provided further, That not 
more than $361,000,000 of funds realized pursuant to section 21(e)(1)(A) 
of the Arms Export Control Act may be obligated for expenses incurred by 
the Department of Defense during fiscal year 2004 pursuant to section 
43(b) of the Arms Export Control Act, except that this limitation may be 
exceeded only through the regular notification procedures of the 
Committees on Appropriations: Provided further, That foreign military 
financing program funds estimated to be outlayed for Egypt during fiscal 
year 2004 shall be transferred to an interest bearing account for Egypt 
in the Federal Reserve Bank of New York within 30 days of enactment of 
this Act or by October 31, 2003, whichever is later.

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

               Program and Financing (in millions of dollars)

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

    Obligations by program activity:
      Direct program:

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1082-0-1-152      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
25.2  Other services....................          35          37          40
41.0  Grants............................       3,714       4,378       4,374
                                           ---------   ---------  ----------
99.9    Total new obligations...........       3,749       4,415       4,414
---------------------------------------------------------------------------

                                

              International Military Education and Training

    For necessary expenses to carry out the provisions of section 541 of 
the Foreign Assistance Act of 1961, $91,700,000, of which up to 
$3,000,000 may remain available until expended: Provided, That the 
civilian personnel for whom military education and training may be 
provided under this heading may include civilians who are not members of 
a government whose participation would contribute to improved civil-
military relations, civilian control of the military, or respect for 
human rights.

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

    This assistance provides grants for military education and training 
to military and civilian students from foreign countries. In addition to 
helping these countries move toward self-sufficiency in defending 
themselves, this program also exposes

[[Page 906]]

foreign students to American democratic values, particularly military 
respect for civilian rule and for internationally recognized standards 
of individual and human rights.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1081-0-1-152      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
26.0  Supplies and materials............           7           8           9
41.0  Grants, subsidies, and 
        contributions...................          66          73          83
                                           ---------   ---------  ----------
99.9    Total new obligations...........          73          81          92
---------------------------------------------------------------------------

                                

                         Peacekeeping Operations

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

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

               Object Classification (in millions of dollars)

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

    This account funds U.S. assistance to international efforts to 
monitor and maintain the peace in areas of special concern to the United 
States, and provides funds to other related programs carried out in 
furtherance of the national security interests of the United States. In 
2004, contributions are planned for programs in Africa, the 
Multinational Force and Observers in the Sinai, Organization for 
Security and Cooperation in Europe (OSCE) activities in Bosnia, Croatia, 
and Kosovo, and other activities.

                                

         United States Emergency Fund for Complex Foreign Crises

              (Legislative proposal, not subject to PAYGO)

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

[[Page 907]]

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

                                

     Nonproliferation, Anti-Terrorism, Demining and Related Programs

    For necessary expenses for nonproliferation, anti-terrorism and 
related programs and activities, $385,200,000, to carry out the 
provisions of chapter 8 of part II of the Foreign Assistance Act of 1961 
for anti-terrorism assistance, chapter 9 of part II of the Foreign 
Assistance Act of 1961, section 504 of the FREEDOM Support Act, section 
23 of the Arms Export Control Act or the Foreign Assistance Act of 1961 
for demining activities, the clearance of unexploded ordnance, the 
destruction of small arms, and related activities, notwithstanding any 
other provision of law, including activities implemented through 
nongovernmental and international organizations, section 301 of the 
Foreign Assistance Act of 1961 for a voluntary contribution to the 
International Atomic Energy Agency (IAEA), and for a United States 
contribution to the Comprehensive Nuclear Test Ban Treaty Preparatory 
Commission: Provided, That of this amount not to exceed $35,000,000, to 
remain available until expended, may be made available for the 
Nonproliferation and Disarmament Fund, notwithstanding any other 
provision of law, to promote bilateral and multilateral activities 
relating to nonproliferation and disarmament: Provided further, That 
such funds may also be used for such countries other than the 
Independent States of the former Soviet Union and international 
organizations when it is in the national security interest of the United 
States to do so following consultation with the appropriate committees 
of Congress: Provided further, That of the funds made available for 
demining and related activities, not to exceed $690,000, in addition to 
funds otherwise available for such purposes, may be used for 
administrative expenses related to the operation and management of the 
demining program.

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

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

               Object Classification (in millions of dollars)

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

      Direct obligations:

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

                                

                 Non-Proliferation and Disarmament Fund

               Program and Financing (in millions of dollars)

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

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

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

[[Page 908]]

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

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

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

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

    This account provided financial and technical assistance to support 
nonproliferation and disarmament efforts in foreign countries, including 
education and training, elimination of weapons of mass destruction, and 
development of export control capabilities. Starting in 1997, these 
activities have been funded from the Nonproliferation, Anti-Terrorism, 
Demining and Related Programs account. This schedule reflects the spend-
out of prior-year obligations.

                                

Credit accounts:

             Foreign Military Financing Loan Program Account

        General Fund Credit Receipt Accounts (in millions of dollars)

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

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

    As required by the Federal Credit Reform Act of 1990, this account 
records the subsidy costs associated with the direct loans obligated for 
foreign military financing committed in 1992 and after, as well as the 
administrative expenses of this program. The foreign military financing 
credit program provides loans that finance sales of defense articles, 
defense services, and design and construction services to foreign 
countries and international organizations. The subsidy amounts are 
estimated on a present value basis; the administrative expenses are 
estimated on a cash basis. 

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

----------------------------------------------------------------------------
Identification code 11-1085-0-1-152      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
115001Direct loan levels--DSCA Loan 
        Program.........................                   3,800
                                           ---------   ---------  ----------
115901Total direct loan levels..........                   3,800
    Direct loan subsidy (in percent):
132001Direct loan levels--DSCA Loan 
        Program.........................        0.00        0.00
                                           ---------   ---------  ----------
132901Weighted average subsidy rate.....        0.00        0.00
    Direct loan subsidy budget authority:
133001Direct loan levels--DSCA Loan 
        Program.........................
                                           ---------   ---------  ----------
133901Total subsidy budget authority....
    Direct loan subsidy outlays:
134001Direct loan levels--DSCA Loan 
        Program.........................          45           7
                                           ---------   ---------  ----------
134901Total subsidy outlays.............          45           7
    Direct loan upward reestimate subsidy budget 
                authority:
135001Direct loan levels--DSCA Loan 
        Program.........................         166
                                           ---------   ---------  ----------
135901Total upward reestimate budget 
        authority.......................         166
    Direct loan upward reestimate subsidy outlays:
136001Direct loan levels--DSCA Loan 
        Program.........................         166
                                           ---------   ---------  ----------
136901Total upward reestimate outlays...         166
    Direct loan downward reestimate subsidy budget 
                authority:
137001Direct loan levels--DSCA Loan 
        Program.........................         -16        -522
                                           ---------   ---------  ----------
137901Total downward reestimate budget 
        authority.......................         -16        -522
    Direct loan downward reestimate subsidy 
                outlays:
138001Direct loan levels--DSCA Loan 
        Program.........................         -16        -522
                                           ---------   ---------  ----------
138901Total downward reestimate subsidy 
        outlays.........................         -16        -522
---------------------------------------------------------------------------

                                

        Foreign Military Financing Direct Loan Financing Account

               Program and Financing (in millions of dollars)

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

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

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

    New financing authority (gross), detail:
      Discretionary:

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

[[Page 909]]

      Mandatory:

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

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

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

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

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

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

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

               Status of Direct Loans (in millions of dollars)

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

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

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans for foreign military financing obligated in 
1992 and after. The foreign military financing credit program provides 
loans that finance sales of defense articles, defense services, and 
design and construction services to foreign countries and international 
organizations. The amounts in this account are a means of financing and 
are not included in budget totals. 

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   11-4122-0-3-152    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................         145             42           200            200
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

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

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

                                

                Foreign Military Loan Liquidating Account

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

               Status of Direct Loans (in millions of dollars)

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

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

[[Page 910]]

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

             Status of Guaranteed Loans (in millions of dollars)

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

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

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

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

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

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   11-4121-0-3-152    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
0111  Revenue...........................         198            178           149            134
0112  Expense...........................        -198           -178          -149           -134
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

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

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

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

                                

                Military Debt Reduction Financing Account

               Program and Financing (in millions of dollars)

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

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

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

    New financing authority (gross), detail:
      Mandatory:

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

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

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

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

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

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

               Status of Direct Loans (in millions of dollars)

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

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



[[Page 911]]



    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from restructuring foreign military loans. The amounts in this 
account are a means of financing and are not included in budget totals.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   11-4174-0-3-152    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

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

                                


 
                  INTERNATIONAL DEVELOPMENT ASSISTANCE

                         MULTILATERAL ASSISTANCE

                              Federal Funds

General and special funds:

                  International Financial Institutions

                       global environment facility

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

    The IBRD acts as trustee for the Global Environment Facility (GEF) 
Trust Fund. The GEF provides technical assistance and partial funding 
for developing country investments designed to provide global 
environmental benefits by reducing international water pollution and 
ozone depletion, and by promoting biodiversity and energy conservation. 
The U.S. has activity supported the GEF's expanded focus to include a 
new international environmental agreement on persistent organic 
pollutants, which are of particular concern in the northern U.S. With 
its highly specific focus on global environmental issues--where both 
costs and benefits are shared across international borders--the GEF 
occupies an important niche in the system of international financial 
institutions. Its basic mission is to support innovative and cost-
effective pilot investments whose design and environmental benefits can 
be duplicated (and financed) elsewhere. Under strong U.S. leadership, 
agreement was reached on policy reforms for the third replenishment 
(GEF-3) to further improve GEF's performance, including development of a 
performance-based allocation system, development of a private sector 
strategy, and the creation of an independent monitoring and evaluation 
unit. GEF has been making substantial progress in leveraging its limited 
resources. The World Bank, the UN Development Program, the UN 
Environment Program and, increasingly, private investors, provide 
substantial co-financing for GEF projects. Since its inception in 1994, 
total GEF commitments amount to about $3.4 billion, with associated co-
financing of about $10.3 billion.

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

                                

        contribution to the international development association

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

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

               Program and Financing (in millions of dollars)

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

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

[[Page 912]]



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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

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

                                

        Contribution to Multilateral Investment Guarantee Agency

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

              limitation on callable capital subscriptions

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

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

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

[[Page 913]]

                                

        contribution to the inter-american investment corporation

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

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

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

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

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

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

                                

               contribution to the asian development fund

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

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

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

[[Page 914]]

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

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

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

                                

              Contribution to the African Development Bank

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

              contribution to the african development fund

    For the United States contribution by the Secretary of the Treasury 
to the increase in resources of the African Development Fund, 
$118,080,826, to remain available until expended.

              limitation on callable capital subscriptions

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

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

                                

  contribution to the european bank for reconstruction and development

    For payment to the European Bank for Reconstruction and Development 
by the Secretary of the Treasury, $35,431,111, for the United States 
share of the paid-in portion of the increase in capital stock, to remain 
available until expended.

              limitation on callable capital subscriptions

    The United States Governor of the European Bank for Reconstruction 
and Development may subscribe without fiscal year limitation to the 
callable capital portion of the United States share of such capital 
stock in an amount not to exceed $122,085,497.

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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



[[Page 915]]



    The European Bank for Reconstruction and Development (EBRD) supports 
market-oriented economic reform and democratic pluralism through 
predominately private sector lending and investments in the nations of 
Central and Eastern Europe and the former Soviet Union. Nearly eighty 
percent of projects approved in 2001 were in the private sector. The 
United States and other shareholders signed the articles of agreement of 
the EBRD on May 29, 1990, and the Bank officially began operating on 
April 15, 1991.

    In April 1996, shareholders approved a doubling of EBRD's capital 
base from EUR 10 billion to EUR 20 billion (approximately $24 billion) 
which went into effect in April 1997. The annual payment for the U.S.'s 
ten percent share is $35.8 million payable over a period of 8 years. As 
of the end of third quarter 2002, the EBRD had a portfolio of over 800 
projects with a total value of $21 billion.

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

                                

                     North American Development Bank

               Program and Financing (in millions of dollars)

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

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

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

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

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

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

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

                                

Contribution to the Enterprise for the Americas Multilateral Investment 
                                  Fund

    For payment to the Enterprise for the Americas Multilateral 
Investment Fund by the Secretary of the Treasury, for the United States 
contribution to the fund, $32,614,172, to remain available until 
expended. (22 U.S.C. 283z-9.)

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

    The Multilateral Investment Fund (MIF), administered by the Inter-
American Development Bank, provides grants and loans to support private-
sector development and finance and labor sector reforms in Latin America 
and the Caribbean. Special consideration is given to reforms that 
encourage private foreign direct investment and promote privatization. 
Grants and loans are used for technical assistance to identify and 
resolve investment constraints, for investment in human capital, and for 
business infrastructure and development. Since its inception in 1992, 
the MIF has approved 521 projects, of which the MIF contribution totaled 
$800 million.

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

                                

   Contribution to the International Fund for Agricultural Development

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

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

               Program and Financing (in millions of dollars)

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

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

[[Page 916]]



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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

                                

               International Affairs Technical Assistance

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

    This account will provide technical assistance to other countries in 
support of the responsibilities of the U.S. Treasury Department to 
formulate, conduct and coordinate the international financial policies 
of the United States. The Treasury Department frequently has the lead 
responsibility for implementing fiscal and financial policy aspects of 
U.S. foreign policy toward individual countries. Technical assistance 
provided through this account will facilitate key short- and medium-term 
reforms in the policy and management areas of budget, tax, government 
debt, financial institutions and financial crimes enforcement.

    Using funding provided under the SEED and FREEDOM Support Acts, U.S. 
Treasury Department advisors have provided policy and management advice 
in the areas described above to countries in Eastern Europe and the 
former Soviet Union in their transition to market economies and 
democratic political structures. Since 1997, Treasury has also provided 
assistance, using funding from USAID Development Assistance and the 
Economic Support Fund, to more than 23 governments on a global basis. 
The flexibility provided by direct funding permits the Department to be 
responsive when governments make decisions to implement key fiscal and 
financial reforms, and allows it to act quickly to help select 
governments strengthen governmental fiscal and financial institutions 
during crucial transition periods toward market-oriented economies. In 
addition, Treasury technical assistance is increasingly being deployed 
in post-conflict situations.

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

[[Page 917]]

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

               Object Classification (in millions of dollars)

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

      Direct obligations:

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

                                

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

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

                                

   Contribution for the EBRD Small and Medium Enterprise Support Fund

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

[[Page 918]]

                                

                International Organizations and Programs

    For necessary expenses to carry out the provisions of section 301 of 
the Foreign Assistance Act of 1961, and of section 2 of the United 
Nations Environment Program Participation Act of 1973, $314,550,000.

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

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

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

                                

Credit accounts:

                           Debt Restructuring

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

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

        General Fund Credit Receipt Accounts (in millions of dollars)

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

[[Page 919]]



               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

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

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

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

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

                                


 
                  AGENCY FOR INTERNATIONAL DEVELOPMENT

                              Federal Funds

General and special funds:

                   Funds Appropriated to the President

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

                         Development Assistance

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


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

[[Page 920]]

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

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

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

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

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

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

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

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

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

               Object Classification (in millions of dollars)

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

      Direct obligations:

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

                                

                 Child Survival and Health Programs Fund

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

[[Page 921]]

laria, and shall be expended at the minimum rate necessary to make 
timely payments for projects and activities: Provided further, That none 
of the funds made available in this Act nor any unobligated balances 
from prior appropriations may be made available to any organization or 
program which, as determined by the President of the United States, 
supports or participates in the management of a program of coercive 
abortion or involuntary sterilization: Provided further, That none of 
the funds made available under this Act may be used to pay for the 
performance of abortion as a method of family planning or to motivate or 
coerce any person to practice abortions: Provided further, That none of 
the funds made available under this Act may be used to lobby for or 
against abortion: Provided further, That in order to reduce reliance on 
abortion in developing nations, funds shall be available only to 
voluntary family planning projects which offer, either directly or 
through referral to, or information about access to, a broad range of 
family planning methods and services, and that any such voluntary family 
planning project shall meet the following requirements: (1) service 
providers or referral agents in the project shall not implement or be 
subject to quotas, or other numerical targets, of total number of 
births, number of family planning acceptors, or acceptors of a 
particular method of family planning (this provision shall not be 
construed to include the use of quantitative estimates or indicators for 
budgeting and planning purposes); (2) the project shall not include 
payment of incentives, bribes, gratuities, or financial reward to: (A) 
an individual in exchange for becoming a family planning acceptor; or 
(B) program personnel for achieving a numerical target or quota of total 
number of births, number of family planning acceptors, or acceptors of a 
particular method of family planning; (3) the project shall not deny any 
right or benefit, including the right of access to participate in any 
program of general welfare or the right of access to health care, as a 
consequence of any individual's decision not to accept family planning 
services; (4) the project shall provide family playing acceptors 
comprehensible information on the health benefits and risks of the 
method chosen, including those conditions that might render the use of 
the method inadvisable and those adverse side effects known to be 
consequent to the use of the method; and (5) the project shall ensure 
that experimental contraceptive drugs and devices and medical procedures 
are provided only in the context of a scientific study in which 
participants are advised of potential risks and benefits; and, not less 
than 60 days after the date on which the Administrator of the United 
States Agency for International Development determines that there has 
been a violation of the requirements contained in paragraph (1), (2), 
(3), or (5) of this proviso, or a pattern or practice of violations of 
the requirements contained in paragraph (4) of this proviso, the 
Administrator shall submit to the Committees on Appropriations of the 
Senate and the House of Representatives, a report containing a 
description of such violation and the corrective action taken by the 
Agency: Provided further, That in awarding grants for natural family 
planning under section 104 of the Foreign Assistance Act of 1961 no 
applicant shall be discriminated against because of such applicant's 
religious or conscientious commitment to offer only natural family 
planning; and, additionally, all such applicants shall comply with the 
requirements of the previous proviso: Provided further, That for 
purposes of this or any other Act authorizing or appropriating funds for 
foreign operations, export financing, and related programs, the term 
``motivate'', as it relates to family planning assistance, shall not be 
construed to prohibit the provision, consistent with local law, of 
information or counseling about all pregnancy options: Provided further, 
That nothing in this paragraph shall be construed to alter any existing 
statutory prohibitions against abortion under section 104 of the Foreign 
Assistance Act of 1961.

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

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

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

               Object Classification (in millions of dollars)

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

      Direct obligations:

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

[[Page 922]]



                                

                         Global Aids Initiative

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

                                

                       Development Fund for Africa

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

               Object Classification (in millions of dollars)

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

                                

           Assistance for Eastern Europe and the Baltic States

    (a) For necessary expenses to carry out the provisions of the 
Foreign Assistance Act of 1961 and the Support for East European 
Democracy (SEED) Act of 1989, $435,000,000, to remain available until 
September 30, 2005, which shall be available, notwithstanding any other 
provision of law, for assistance and for related programs for Eastern 
Europe and the Baltic States.
    (b) Funds appropriated under this heading or in prior appropriations 
Acts that are or have been made available for an Enterprise Fund may be 
deposited by such Fund in interest-bearing accounts prior to the Fund's 
disbursement of such funds for program purposes. The Fund may retain for 
such program purposes any interest earned on such deposits without 
returning such interest to the Treasury of the United States and without 
further appropriation by the Congress. Funds made available for 
Enterprise Funds shall be expended at the minimum rate necessary to make 
timely payment for projects and activities.
    (c) Funds appropriated under this heading shall be considered to be 
economic assistance under the Foreign Assistance Act of 1961 for 
purposes of making available the administrative authorities contained in 
that Act for the use of economic assistance.
    (d) Notwithstanding any provision of this or any other Act, local 
currencies generated by, or converted from, funds appropriated by this 
Act and by previous appropriations Acts and made available for the 
economic revitalization program in Bosnia may be used in Eastern Europe 
and the Baltic States to carry out the provisions of the Foreign 
Assistance Act of 1961 and the Support for East European Democracy 
(SEED) Act of 1989.

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

               Program and Financing (in millions of dollars)

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

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

[[Page 923]]


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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

    This account provides funds to promote country-specific strategies 
that build on common, region-wide strategic goals, including economic 
restructuring, democratic transition, and social stabilization. 
Authorized Support for Assistance for Eastern Europe and the Baltic 
States (AEEB) programs concentrate on (a) the development and 
strengthening of institutions and civic action necessary for sustainable 
democracy; (b) the development of market economies and a strong private 
sector; and (c) the improvement of the basic quality of life in selected 
areas. This interagency program is managed by the AEEB coordinator, who 
is located in the State Department's Bureau of European and Eurasian 
Affairs.

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

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

               Object Classification (in millions of dollars)

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

      Direct obligations:

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

                                

    Assistance for the Independent States of the Former Soviet Union

    (a) For necessary expenses to carry out the provisions of chapters 
11 and 12 of part I of the Foreign Assistance Act of 1961 and the 
FREEDOM Support Act, for assistance for the Independent States of the 
former Soviet Union and for related programs, $576,000,000, to remain 
available until September 30, 2005: Provided, That the provisions of 
such chapters shall apply to funds appropriated by this paragraph: 
Provided further, That funds made available for the Southern Caucasus 
region may be used, notwithstanding any other provision of law, for 
confidence-building measures and other activities in furtherance of the 
peaceful resolution of the regional conflicts, especially those in the 
vicinity of Abkhazia and Nagorno-Karabagh.
         (b) Section 907 of the FREEDOM Support Act shall not apply to--
        (1) activities to support democracy or assistance under title V 
    of the FREEDOM Support Act and section 1424 of Public Law 104-201 or 
    non-proliferation assistance;
        (2) any assistance provided by the Trade and Development Agency 
    under section 661 of the Foreign Assistance Act of 1961 (22 U.S.C. 
    2421);
        (3) any activity carried out by a member of the United States 
    and Foreign Commercial Service while acting within his or her 
    official capacity;
        (4) any insurance, reinsurance, guarantee or other assistance 
    provided by the Overseas Private Investment Corporation under title 
    IV of chapter 2 of part I of the Foreign Assistance Act of 1961 (22 
    U.S.C. 2191 et seq.);
        (5) any financing provided under the Export-Import Bank Act of 
    1945; or
        (6) humanitarian assistance.

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

        General Fund Credit Receipt Accounts (in millions of dollars)

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

               Program and Financing (in millions of dollars)

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

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

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

[[Page 924]]



    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

    Collectively, these programs for the Independent States are designed 
to consolidate the process of political and economic transition to 
market democracies, and to help address major socioeconomic dislocations 
where they occur during these transitions. Funds will support economic 
restructuring by helping to create conditions that encourage: trade and 
investment and private sector growth; improved government fiscal policy, 
revenue collection, and financial management; a market-oriented 
financial sector; and a more efficient energy sector and a cleaner 
environment. Funds will support democratic transitions by promoting 
citizen participation, promoting independent media establishing the rule 
of law, and strengthening local governments.

    In 2004, funding for exchange programs in the former Soviet Union 
will be consolidated into and administered by the State Department 
bureau of Educational and Cultural Exchange programs. Program resources 
requested in 2004 will be aimed at: (1) enhancing local public and 
private institutional capacity as part of the comprehensive strategy to 
expand trade and investment, develop and strengthen small and medium 
enterprises, mobilize capital, reduce crime and corruption, and build 
viable civil societies; (2) mitigating the social impact of transitions 
in order to broaden public support for needed reforms; and (3) 
addressing health problems more deliberately. Assistance to central 
governments will be highly selective.

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

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

               Object Classification (in millions of dollars)

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

      Direct obligations:

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

                                

                 Sub-Saharan Africa Disaster Assistance

               Program and Financing (in millions of dollars)

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

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

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

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

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

    In 1993, this account provided funding for timely relief, 
rehabilitation and reconstruction for disasters in Africa. Since 1994, 
these activities have been funded under the International Disaster 
Assistance Program.

                                

                    International Disaster Assistance

    For necessary expenses for international disaster relief, 
rehabilitation, and reconstruction assistance pursuant to section 491 of 
the Foreign Assistance Act of 1961, as amended, $235,500,000, to remain 
available until expended.

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

[[Page 925]]



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

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

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

    The International Disaster Assistance (IDA) account provides funds 
for the Office of U.S. Foreign Disaster Assistance (OFDA). OFDA manages 
relief, rehabilitation, and reconstruction assistance to foreign 
countries struck by natural and man-made disasters and supports disaster 
prevention, mitigation and preparedness. OFDA's program has been placing 
increasing emphasis on complex emergencies, a product of ethnic and 
national tensions leading to civil strife and the displacement of large 
numbers of people. The $235.5 million request for OFDA for 2004 will be 
used to provide relief services and commodities including temporary 
shelter, blankets, supplementary food, potable water, medical supplies 
and agricultural rehabilitation aid, including seeds and hand tools. The 
2003 request level included $50 million for extraordinary one-time 
relief requirements in the West Bank and Gaza.

               Object Classification (in millions of dollars)

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

                                

                               Famine Fund

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

    Operating Expenses of the United States Agency for International 
                               Development

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

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

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

[[Page 926]]

grams, including salaries and other expenses of direct hire personnel as 
well as costs associated with physical security of Agency personnel. 
USAID currently maintains resident staff in more than 70 foreign 
countries as well as a headquarters in Washington, which supports field 
programs and manages regional and worldwide activities. Included in this 
account are funds from the Emergency Relief Fund in 2002--$15 million; 
and the Further Recovery from and Response to Terrorist Act--$7 million.

               Object Classification (in millions of dollars)

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

      Direct obligations:

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

                              Personnel Summary

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

                                

                         Capital Investment Fund

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

               Object Classification (in millions of dollars)

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

                                

                         Transition Initiatives

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

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

[[Page 927]]

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

               Object Classification (in millions of dollars)

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

                                

      Payment to the Foreign Service Retirement and Disability Fund

    For payment to the ``Foreign Service Retirement and Disability 
Fund'', as authorized by the Foreign Service Act of 1980, $43,859,000.

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

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

    The 2004 request will finance the 2004 installment of the unfunded 
liability created by the addition of U.S. Agency for International 
Development (USAID) Foreign Service personnel to the foreign service 
retirement system and by subsequent salary increases and changes in 
legislation affecting benefits.

                                

    Operating Expenses of the United States Agency for International 
                 Development Office of Inspector General

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

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

[[Page 928]]


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

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

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

    The funds cover the costs of operations of the Office of the 
Inspector General, Agency for International Development, and include 
salaries, expenses, and support costs of the Inspector General's 
personnel. 

               Object Classification (in millions of dollars)

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

      Direct obligations:

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

                              Personnel Summary

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

                                

Public enterprise funds:

                        Property Management Fund

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

    This Fund, as authorized by Public Law 101-513, is maintained for 
the deposit of proceeds from the sale of overseas property acquired by 
the U.S. Agency for International Development (USAID). The proceeds are 
available to construct or otherwise acquire outside the United States: 
(1) essential living quarters, office space, and necessary supporting 
facilities for use of USAID personnel; and, (2) schools (including 
dormitories and boarding facilities) and hospitals for use of USAID 
personnel, U.S. Government personnel, and their dependents. In addition, 
the proceeds may be used to equip, staff, operate, and maintain such 
schools and hospitals.

                                

                          Working Capital Fund

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

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

[[Page 929]]

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

               Object Classification (in millions of dollars)

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

                                

   Assistance for the Independent States of the Former Soviet Union: 
           Ukraine Export Credit Insurance Financing Account 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-4345-0-3-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

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

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

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

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

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans obligated in 1992 and beyond (including 
modifications of direct loans that resulted from obligations in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4345-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................          34
                                        ------------ --------------  ------------  -------------
1999    Total assets....................          34
    LIABILITIES:
2204  Non-Federal liabilities: 
        Liabilities for loan guarantees.          34
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          34
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position          34
-----------------------------------------------------------------------------------------------

                                

                    Debt Reduction, Financing Account

               Program and Financing (in millions of dollars)

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

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

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

    New financing authority (gross), detail:
      Mandatory:

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

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

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

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

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

               Status of Direct Loans (in millions of dollars)

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

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

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from restructuring loans administered by the U.S. Agency for 
International Development.

[[Page 930]]

                             Balance Sheet (in millions of dollars)

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

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

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

                                

               Loan Guarantees to Israel Financing Account

               Program and Financing (in millions of dollars)

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

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

    New financing authority (gross), detail:
      Discretionary:

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

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

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

             Status of Guaranteed Loans (in millions of dollars)

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

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

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

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans obligated in 1992 and beyond (including 
modifications of direct loans that resulted from obligations in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals.

                             Balance Sheet (in millions of dollars)

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

                                

             Urban and Environmental Credit Program Account

        General Fund Credit Receipt Accounts (in millions of dollars)

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

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

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

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

[[Page 931]]

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

                                

Urban and Environmental Credit Program Guaranteed Loan Financing Account

               Program and Financing (in millions of dollars)

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

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

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

    New financing authority (gross), detail:
      Discretionary:

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

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

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

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

             Status of Guaranteed Loans (in millions of dollars)

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

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

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

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

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from loan guarantees under the United States Agency for 
International Development (USAID) Urban and Environmental Credit Program 
committed in 1992 and beyond. The amounts in this account are a means of 
financing and are not included in the budget totals.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4344-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

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

                                

     Housing and Other Credit Guaranty Programs Liquidating Account

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

[[Page 932]]


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

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

             Status of Guaranteed Loans (in millions of dollars)

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

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

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

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

    As required by the Federal Credit Reform Act of 1990, this account 
records, for the Urban and Environmental Credit Program, all cash flows 
to and from the Government resulting from direct loans obligated and 
loan guarantees committed prior to 1992. This account is shown on a cash 
basis. All new activity in this program in 1992 and beyond is recorded 
in corresponding program and financing accounts.

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4340-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
0111  Revenue...........................          18             21            30             21
0112  Expense...........................
                                        ------------ --------------  ------------  -------------
0115  Net income or loss (-)............          18             21            30             21
                                        ------------ --------------  ------------  -------------
0195  Total income or loss (-)..........          18             21            30             21
                                        ------------ --------------  ------------  -------------
0199  Total comprehensive income........          18             21            30             21
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

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

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

                                

         Micro and Small Enterprise Development Program Account

        General Fund Credit Receipt Accounts (in millions of dollars)

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

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

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

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

[[Page 933]]

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

                                

  Microenterprise and Small Enterprise Development Credit Direct Loan 
                            Financing Account

               Program and Financing (in millions of dollars)

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

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

    New financing authority (gross), detail:
      Discretionary:

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

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

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

               Status of Direct Loans (in millions of dollars)

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

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........           1
1251  Repayments: Repayments and 
        prepayments.....................          -1
                                           ---------   ---------  ----------
1290    Outstanding, end of year........
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans obligated under the United States Agency for 
International Development (USAID) Microenterprise and Small Enterprise 
Development Credit Direct Loan program in 1992 and beyond (including 
modifications of direct loans that resulted from obligations in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4342-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

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

                                

    Microenterprise and Small Enterprise Development Guaranteed Loan 
                            Financing Account

               Program and Financing (in millions of dollars)

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

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

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

    New financing authority (gross), detail:
      Discretionary:

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

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

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

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

             Status of Guaranteed Loans (in millions of dollars)

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

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

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

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from loan guarantees under the United States Agency for 
International Development (USAID) Microenterprise and Small Enterprise 
Development Guarantee program committed in 1992 and beyond (including

[[Page 934]]

modifications of loan guarantees that resulted from commitments in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals. 

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4343-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................           3              2             3              6
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           3              2             3              6
    LIABILITIES:
2204  Non-Federal liabilities: 
        Liabilities for loan guarantees.           3              2             3              6
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............           3              2             3              6
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position           3              2             3              6
-----------------------------------------------------------------------------------------------

                                

            Private Sector Revolving Fund Liquidating Account

               Program and Financing (in millions of dollars)

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

               Status of Direct Loans (in millions of dollars)

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

    As required by the Federal Credit Reform Act of 1990, this account 
records all cash flows to and from the Government resulting from direct 
loans obligated and loan guarantees committed under the Private Sector 
Loan Fund prior to 1992. This account is shown on a cash basis. All new 
activity in this program in 1992 and beyond is recorded in corresponding 
program and financing accounts.

                                

                      Development Credit Authority

                      (including transfer of funds)

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

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

        General Fund Credit Receipt Accounts (in millions of dollars)

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

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

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

[[Page 935]]

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

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

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

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

               Object Classification (in millions of dollars)

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

                              Personnel Summary

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

                                

     Development Credit Authority Guaranteed Loan Financing Account

               Program and Financing (in millions of dollars)

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

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

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

    New financing authority (gross), detail:
      Discretionary:

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

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

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

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

             Status of Guaranteed Loans (in millions of dollars)

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

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

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

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from guaranteed loans committed in 1992 and beyond (including 
modifications of direct loans that resulted from obligations in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   72-4266-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................           1              1             5             17
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           1              1             5             17
    LIABILITIES:
2204  Non-Federal liabilities: 
        Liabilities for loan guarantees.           1              1             5             17
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............           1              1             5             17
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position           1              1             5             17
-----------------------------------------------------------------------------------------------

[[Page 936]]



                                

             Economic Assistance Loans--Liquidating Account

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

               Status of Direct Loans (in millions of dollars)

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

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

                             Balance Sheet (in millions of dollars)

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

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

    The Economic Assistance Loans liquidating account consolidates 
liquidating credit activity from three previous accounts: Economic 
Support Fund, Functional Development Assistance Program, and the 
Development Loans Revolving Fund. This was done to simplify 
presentation. As required by the Federal Credit Reform Act of 1990, this 
account records all cash flows to and from the Government resulting from 
direct loans prior to 1992. This account is shown on a cash basis.

                                

                               Trust Funds

        Foreign Service National Separation Liability Trust Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-8342-0-7-602      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

    Net budget authority and outlays:
89.00 Budget authority..................           4           2           2
90.00 Outlays...........................                       1           1
---------------------------------------------------------------------------

    This Fund is maintained to pay separation costs for Foreign Service 
National employees of the U.S. Agency for International Development in 
those countries in which such pay is legally required. The Fund, as 
authorized by Public Law 102-138, is maintained by annual Government 
contributions which are appropriated in several Agency accounts.

                                

                     Miscellaneous Trust Funds, AID 

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-9971-0-7-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............           2           2           2
    Receipts:
02.00 Gifts and donations...............           2
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...           4           2           2
    Appropriations:
05.00 Miscellaneous trust funds, AID....          -2
                                           ---------   ---------  ----------
07.99 Balance, end of year..............           2           2           2
---------------------------------------------------------------------------

[[Page 937]]



               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

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

    The Miscellaneous Trust Funds account includes gifts and donations 
that AID receives from other governments, non-governmental 
organizations, or private citizens. AID has authority to spend these 
gifts and donations for development purposes under Section 635(d) of the 
Foreign Assistance Act.

                                


 
                 OVERSEAS PRIVATE INVESTMENT CORPORATION

                              Federal Funds

Public enterprise funds:

                 Overseas Private Investment Corporation

                            Noncredit Account

    The Overseas Private Investment Corporation is authorized to make, 
without regard to fiscal year limitations, as provided by 31 U.S.C. 
9104, such expenditures and commitments within the limits of funds 
available to it and in accordance with law as may be necessary: 
Provided, That the amount available for administrative expenses to carry 
out the credit and insurance programs (including an amount for official 
reception and representation expenses which shall not exceed $35,000) 
shall not exceed $42,385,000: Provided further, That the Corporation may 
accept and use payment or services provided by transaction participants 
for due diligence, legal, financial, or technical services in connectin 
with any transaction for which an application for an insurance 
commitment has been made or is anticipated: Provided further, That such 
amounts shall remain available until expended and shall not be 
considered administrative expenses for the purposes of this heading.

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

              Unavailable Collections (in millions of dollars)

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

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

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

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

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

[[Page 938]]


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

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

                  Status of Funds (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-4184-0-3-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
    Unexpended balance, start of year:
0100  Treasury balance..................          15           5          49
      Federal securities:

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

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

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

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

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

               Object Classification (in millions of dollars)

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

                              Personnel Summary

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

                                

Credit accounts:

                 Overseas Private Investment Corporation

                             Program Account

    For the cost of direct and guaranteed loans, $24,000,000, as 
authorized by section 234 of the Foreign Assistance Act of 1961, to be 
derived by transfer from the Overseas Private Investment Corporation 
Noncredit Account: Provided, That such costs, including the cost of 
modifying such loans, shall be as defined in section 502 of the 
Congressional Budget Act of 1974: Provided further, That such sums shall 
be available for direct loan obligations and loan guaranty commitments 
incurred or made during fiscal years 2004 and 2005: Provided further, 
That such sums shall remain available through fiscal year 2012 for the 
disbursement of direct and guaranteed loans obligated in fiscal year 
2004, and through fiscal year 2013 for the disbursement of direct and 
guaranteed loans obligated in fiscal year 2005: Provided further, That 
the Corporation may accept and use payment or services provided by 
transaction participants for due diligence, legal, financial, or 
technical services in connection with any transaction for which an 
application for a direct loan or loan guarantee has been made or is 
anticipated: Provided further, That such amounts shall remain available 
until expended and shall not be considered administrative expenses for 
the purposes of this heading.
    In addition, such sums as may be necessary for administrative 
expenses to carry out the credit program may be derived from amounts 
available for administrative expenses to carry out the credit and 
insurance programs in the Overseas Private Investment Corporation 
Noncredit Account and merged with said account.

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

        General Fund Credit Receipt Accounts (in millions of dollars)

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

               Program and Financing (in millions of dollars)

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

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

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

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

[[Page 939]]



    New budget authority (gross), detail:
      Discretionary:

42.00   Transferred from other accounts.          47          48          49
      Mandatory:

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

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

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

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

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

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

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

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

    As required by the Federal Credit Reform Act of 1990, the Program 
Account records the subsidy costs associated with the direct loans 
obligated and loan guarantees committed in 1992 and beyond (including 
modifications of direct loans or loan guarantees that resulted from 
obligations or commitments in any year), as well as administrative 
expenses of this program. The subsidy amounts are estimated on a present 
value basis; the administrative expenses are estimated on a cash basis.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 71-0100-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
25.2  Other services (contracts)........          16          24          25
41.0  Grants, subsidies, and 
        contributions...................         154         188          24
                                           ---------   ---------  ----------
99.9    Total new obligations...........         170         212          49
---------------------------------------------------------------------------



[[Page 940]]



                                

  Overseas Private Investment Corporation Direct Loan Financing Account

               Program and Financing (in millions of dollars)

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

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

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

    New financing authority (gross), detail:
      Mandatory:

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

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

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

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

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

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

               Status of Direct Loans (in millions of dollars)

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

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

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans obligated in 1992 and beyond (including 
modifications of direct loans that resulted from obligations in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   71-4074-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

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

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

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

                                

   Overseas Private Investment Corporation Guaranteed Loan Financing 
                                 Account

               Program and Financing (in millions of dollars)

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

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

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

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

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

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

[[Page 941]]



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

    Offsets:
      Against gross financing authority and 
          financing disbursements:

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

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

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

             Status of Guaranteed Loans (in millions of dollars)

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

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

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

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

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

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from loan guarantees committed in 1992 and beyond (including 
modifications of loan guarantees that resulted from commitments in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   71-4075-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................         564            460           465            470
1206  Non-Federal assets: Receivables, 
        net.............................          17             20            20             20
      Net value of assets related to 
          post-1991 acquired defaulted 
          guaranteed loans receivable:

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

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

                                

       Overseas Private Investment Corporation Liquidating Account

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Mandatory:

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

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

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

    Offsets:
      Against gross budget authority and outlays:

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

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

               Status of Direct Loans (in millions of dollars)

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

             Status of Guaranteed Loans (in millions of dollars)

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

[[Page 942]]


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

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

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

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

    As required by the Federal Credit Reform Act of 1990, this account 
records, for this program, all cash flows to and from the Government 
resulting from direct loans obligated and loan guarantees committed 
prior to 1992. This account is shown on a cash basis. All new activity 
in this program in 1992 and beyond (including modifications of direct 
loans or loan guarantees that resulted from obligations or commitments 
in any year) is recorded in corresponding program, financing, and 
noncredit accounts.

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   71-4030-0-3-151    2001 actual    2002 actual     2003 est.      2004 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................          13              3             1              1
0102  Expense...........................         -13                           -1             -1
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............                          3
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

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

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

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

                                


 
                      TRADE AND DEVELOPMENT AGENCY

                              Federal Funds

General and special funds:

                      Trade and Development Agency

    For necessary expenses to carry out the provisions of section 661 of 
the Foreign Assistance Act of 1961, $60,000,000, to remain available 
until September 30, 2005.

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

               Program and Financing (in millions of dollars)

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

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

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

    New budget authority (gross), detail:
      Discretionary:

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

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

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          18          11          14
86.93 Outlays from discretionary 
        balances........................          41          44          59
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          59          55          73
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          62          45          60
90.00 Outlays...........................          59          55          73
---------------------------------------------------------------------------

    Appropriated funds provide for the costs of the U.S. Trade and 
Development Agency (TDA), which include: program costs of grants for 
technical assistance, feasibility studies, and other project planning 
activities designed to implement development, trade and foreign policy 
objectives; and, the cost of managing the TDA programs such as salaries 
and expenses of direct hire personnel, and obtaining the services of 
consultants. TDA finances these activities for major projects in 
developing and middle-income nations to foster economic development and 
to encourage the use of U.S. private sector technology, goods, and 
services in project implementation.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-1001-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................           3           3           3
12.1  Civilian personnel benefits.......           1           1           1
25.1  Advisory and assistance services..           4           4           4
41.0  Grants, subsidies, and 
        contributions...................          75          48          53
                                           ---------   ---------  ----------
99.9    Total new obligations...........          83          56          61
---------------------------------------------------------------------------



[[Page 943]]



                              Personnel Summary

----------------------------------------------------------------------------
Identification code 11-1001-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          41          50          50
---------------------------------------------------------------------------

                                


 
                               PEACE CORPS

                              Federal Funds

General and special funds:

                               Peace Corps

    For necessary expenses to carry out the provisions of the Peace 
Corps Act (75 Stat. 612), $359,000,000, including the purchase of not to 
exceed five passenger motor vehicles for administrative purposes for use 
outside of the United States: Provided, That none of the funds 
appropriated under this heading shall be used to pay for abortions: 
Provided further, That funds appropriated under this heading shall 
remain available until September 30, 2005.

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

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0100-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Direct program:

00.02   Africa region...................          54          65          80
00.03   Europe, Mediterranean & Asia 
          region........................          39          47          55
00.04   Inter-America & Pacific region..          46          52          60
00.05   Other volunteer support.........         133         170         164
00.06   ERF for Country Evacuations.....           1
09.01 Reimbursable program..............           4           5           4
                                           ---------   ---------  ----------
10.00   Total new obligations...........         277         339         363
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          11          21           4
22.00 New budget authority (gross)......         283         322         363
22.22 Unobligated balance transferred 
        from other accounts.............           4
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         298         343         367
23.95 Total new obligations.............        -277        -339        -363
24.40 Unobligated balance carried 
        forward, end of year............          21           4           4
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         275         317         359
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...           4           5           4
68.10   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................           4
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......           8           5           4
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         283         322         363
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          88          84         113
73.10 Total new obligations.............         277         339         363
73.20 Total outlays (gross).............        -276        -311        -385
73.40 Adjustments in expired accounts 
        (net)...........................          -1
74.00 Change in uncollected customer 
        payments from Federal sources 
        (unexpired).....................          -4
74.40 Obligated balance, end of year....          84         113          91
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         199         258         290
86.93 Outlays from discretionary 
        balances........................          77          53          95
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         276         311         385
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -3          -4          -3
88.40     Non-Federal sources...........          -1          -1          -1
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........          -4          -5          -4
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources 
          (unexpired)...................          -4
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         275         317         359
90.00 Outlays...........................         271         306         381
----------------------------------------------------------------------------

Additional net budget authority and outlays to cover cost of fully accruing 
                                 retirement:
99.00 Budget authority..................           3           3           3
99.01 Outlays...........................           3           3           3
---------------------------------------------------------------------------

    Peace Corps' operating expenses will provide direct and indirect 
support for Americans engaged in voluntary services in approximately 78 
countries worldwide in 2004. The support will include the necessary 
safety and security provisions for the Peace Corps' Volunteers, 
trainees, and staff. By September 2004, there will be approximately 
10,000 Americans enrolled in the Peace Corps, consistent with the 
President's goal of 14,000 volunteers by 2007. The Volunteers help fill 
the trained manpower needs of developing countries and encourage self-
sustaining development of skilled manpower. The Peace Corps promotes 
mutual understanding between the peoples of the developing world and the 
United States and focuses the attention of the American people on the 
benefits of volunteerism. Peace Corps Volunteers work primarily in the 
areas of agriculture, education, economic development, health, and 
environment. 

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0100-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          50          67          68
11.3      Other than full-time permanent           3           1           4
11.5      Other personnel compensation..           1                       2
                                           ---------   ---------  ----------
11.9        Total personnel compensation          54          68          74
12.1    Civilian personnel benefits.....          64          73          83
13.0    Benefits for former personnel...           1           1           1
21.0    Travel and transportation of 
          persons.......................          28          38          41
22.0    Transportation of things........           2           2           2
23.1    Rental payments to GSA..........           7           9           7
23.2    Rental payments to others.......           9           9          12
23.3    Communications, utilities, and 
          miscellaneous charges.........           7           8           8
24.0    Printing and reproduction.......           1           2           2
25.1    Advisory and assistance services           5                       8
25.2    Other services..................          43          75          60
25.3    Other purchases of goods and 
          services from Government 
          accounts......................           8           7           5
25.4    Operation and maintenance of 
          facilities....................           1                       1
25.6    Medical care....................          13          16          20
25.7    Operation and maintenance of 
          equipment.....................           1                       2
26.0    Supplies and materials..........          12          12          15
31.0    Equipment.......................          17          14          18
                                           ---------   ---------  ----------
99.0      Direct obligations............         273         334         359
99.0  Reimbursable obligations..........           4           5           4
                                           ---------   ---------  ----------
99.9    Total new obligations...........         277         339         363
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 11-0100-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................         999       1,224       1,285
    Reimbursable:
2001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................           2           3           3
---------------------------------------------------------------------------

[[Page 944]]



                                

                  Peace Corps Miscellaneous Trust Funds

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-9972-0-7-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
    Receipts:
02.00 Miscellaneous trust funds, Peace 
        Corps...........................           1           3           2
    Appropriations:
05.00 Peace Corps miscellaneous trust 
        fund............................          -1          -3          -2
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-9972-0-7-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Trust Fund Program................           2           2           2
                                           ---------   ---------  ----------
10.00   Total new obligations...........           2           2           2
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           6           5           6
22.00 New budget authority (gross)......           1           3           2
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           7           8           8
23.95 Total new obligations.............          -2          -2          -2
24.40 Unobligated balance carried 
        forward, end of year............           5           6           6
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.26   Appropriation (trust fund)......           1           3           2
----------------------------------------------------------------------------

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

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

    Net budget authority and outlays:
89.00 Budget authority..................           1           3           2
90.00 Outlays...........................           2           2           2
---------------------------------------------------------------------------

    Miscellaneous contributions received by gift, devise, bequest, or 
from foreign governments are used for the furtherance of the program, as 
authorized by 22 U.S.C. 2509(a)(4) (75 Stat. 612, as amended). Trust 
funds also include a fund to pay separation costs for Foreign Service 
National employees of the Peace Corps in those countries in which such 
pay is legally authorized. The fund, as authorized by Section 151 of 
Public Law 102-138, is maintained by annual Government contributions 
which are appropriated in the Peace Corps salaries and expenses account.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-9972-0-7-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
25.2  Direct obligations: Other services           1           1           1
99.5  Below reporting threshold.........           1           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........           2           2           2
---------------------------------------------------------------------------

                                


 
                        INTER-AMERICAN FOUNDATION

                              Federal Funds

General and special funds:

                        Inter-American Foundation

    For expenses necessary to carry out the functions of the Inter-
American Foundation in accordance with the provisions of section 401 of 
the Foreign Assistance Act of 1969, $15,185,000, to remain available 
until September 30, 2005.

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

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-3100-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Development grants................          13          16          17
00.02 Evaluations and other activities..           2           3           3
00.04 Program management and operations.           6           6           6
                                           ---------   ---------  ----------
10.00   Total new obligations...........          21          25          26
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           7           2           2
22.00 New budget authority (gross)......          14          25          26
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          22          27          28
23.95 Total new obligations.............         -21         -25         -26
24.40 Unobligated balance carried 
        forward, end of year............           2           2           2
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          13          14          15
68.00 Spending authority from offsetting 
        collections: Offsetting 
        collections (SPTF)..............           1          11          11
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          14          25          26
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          30          25          28
73.10 Total new obligations.............          21          25          26
73.20 Total outlays (gross).............         -24         -22         -30
73.40 Adjustments in expired accounts 
        (net)...........................          -1
73.45 Recoveries of prior year 
        obligations.....................          -1
74.40 Obligated balance, end of year....          25          28          24
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           8          12          12
86.93 Outlays from discretionary 
        balances........................          16          10          18
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          24          22          30
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....          -1         -11         -11
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          13          14          15
90.00 Outlays...........................          23          11          19
---------------------------------------------------------------------------

    Established by the 1969 Foreign Assistance Act, the Inter-American 
Foundation (IAF) supports grassroots development initiatives in Latin 
America and the Caribbean with a direct impact on the lives and the 
capacity for self reliance of people at the lowest economic levels. In 
2003, the IAF will continue its strategic programming approaches that 
focus on: (1) building partnerships among grassroots organizations, non-
governmental organizations, local governments, and private enterprises 
to foster social and economic development at the local level; and, (2) 
increasing the participation of U.S. corporate and national private 
business sector resources in grassroots development initiatives. This 
strategy promotes social investment in Latin America and the Caribbean 
by the U.S. and local private business sector to improve the quality of 
life of the poor in the region. The IAF will continue to apply its 
system of measuring the results of its grants to improve Foundation 
decision-making and identify and disseminate good practice and lessons 
to new private sector contributors and development practitioners. Using 
results and evaluation information, the IAF will incorporate lessons 
learned into the IAF's strategic planning and grant decision-making 
processes. The IAF will continue to implement an integrated program 
management information system which will increase effi

[[Page 945]]

ciency in its operations and facilitate grant monitoring and results 
reporting.

    Development Grants.--This activity includes grants made directly to 
local private, non-profit organizations working in partnerships with 
businesses and local authorities to carry out development projects in 
Latin America and the Caribbean. In 2004, the IAF plans to award 
approximately 70 new grants and 15 supplemental grants in 14 countries.

    Evaluations and Other Activities.--This activity covers grant 
results assessments by in-country specialists and evaluations from a 
sample of the grants supported by the IAF. This activity also includes 
the publications that convey the IAF's partnership, corporate social 
responsibility and grossroots democracy experiences, and lessons to 
businesses, development practitioners, members of partnerships, and 
other donors.

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

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-3100-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

      Direct obligations:

11.1    Personnel compensation: Full-
          time permanent................           3           3           3
12.1    Civilian personnel benefits.....           1           1           1
23.2    Rental payments to others.......           1           1           1
25.1    Advisory and assistance services           2           3           3
41.0    Grants, subsidies, and 
          contributions.................          14          16          17
                                           ---------   ---------  ----------
99.0      Direct obligations............          21          24          25
99.5  Below reporting threshold.........                       1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........          21          25          26
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 11-3100-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          43          47          47
---------------------------------------------------------------------------

                                


 
                     AFRICAN DEVELOPMENT FOUNDATION

                              Federal Funds

General and special funds:

                     African Development Foundation

    To carry out title V of the International Security and Development 
Cooperation Act of 1980, Public Law 96-533, $17,689,000, to remain 
available until September 30, 2005: Provided, That funds made available 
to recipients may be invested pending expenditure for project purposes 
when authorized by the board of directors of the Foundation: Provided 
further, That interest earned shall be used only for the purposes for 
which the grant was made: Provided further, That notwithstanding section 
505(a)(2) of the African Development Foundation Act, in exceptional 
circumstances the board of directors of the Foundation may waive the 
$250,000 limitation contained in that section with respect to a project: 
Provided further, That the Foundation shall provide a report to the 
Committees on Appropriations after each time such waiver authority is 
exercised.

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

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0700-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Advance sustainable development 
        and empowerment of the poor in 
        Africa..........................          15          15          13
00.02 Enhance US assistance and 
        relations with Africa...........           3           4           4
00.03 Expand use of participatory 
        development policies and 
        practices.......................           1
00.04 Internal agency objectives........           1           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........          20          20          18
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5           3
22.00 New budget authority (gross)......          17          17          18
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          24          20          18
23.95 Total new obligations.............         -20         -20         -18
23.98 Unobligated balance expiring or 
        withdrawn.......................          -1
24.40 Unobligated balance carried 
        forward, end of year............           3
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          17          17          18
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          11          15          18
73.10 Total new obligations.............          20          20          18
73.20 Total outlays (gross).............         -13         -18         -15
73.45 Recoveries of prior year 
        obligations.....................          -3
74.40 Obligated balance, end of year....          15          18          19
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           6           8           8
86.93 Outlays from discretionary 
        balances........................           7          10           7
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          13          18          15
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          17          17          18
90.00 Outlays...........................          14          18          15
---------------------------------------------------------------------------

    The African Development Foundation (ADF), a public corporation, is 
the only agency of the U.S. Government that directly supports community-
based initiatives to alleviate poverty and promote sustainable 
development in Africa. Through its grant program, ADF provides Africans 
with the resources necessary to identify and solve their own problems. 
ADF relies on participatory development approaches that strengthen local 
capacity, foster ownership of development projects, and promote self-
help and empowerment.

    In 2004, ADF will provide grants to recipients in fourteen African 
countries, either directly to grassroots groups or through non-
governmental organizations. These grants will promote the following 
three strategic goals:

    (1) Advance broad-based, sustainable development and empowerment of 
the poor in Africa.--ADF will promote micro-and small-enterprise 
development to generate income and employment. ADF will increase 
participation of African businesses and producer groups in trade and 
investment relationships with the U.S. and within Africa. ADF will 
support community-based HIV/AIDS prevention and mitigation.

    (2) Expand local capacity to promote and support grassroots, 
participatory development.--ADF will build self-supporting, sustainable, 
local community development agencies that provide technical assistance 
and support to grassroots groups. ADF will develop and replicate new 
models for community reinvestment. ADF will continue to leverage 
additional funding through strategic partnerships with national and 
local governments, other donor agencies, and the local private sector. 
ADF will encourage African governments and other donors to increase 
utilization of participatory development ``best practices''.

    (3) Enhance American assistance and strengthen U.S. relations with 
Africa.--ADF will seek to leverage resources for grassroots development 
through strategic partnerships with the U.S. private sector and other 
U.S. Government agencies. ADF will work toward improving program and 
policy coordination with U.S. foreign assistance and foreign policy 
agencies.

[[Page 946]]

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0700-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

      Direct obligations:

11.1    Personnel compensation: Full-
          time permanent................           3           3           3
25.2    Other services (O.C. 25)........           3           3           3
41.0    Grants, subsidies, and 
          contributions.................          13          13          11
                                           ---------   ---------  ----------
99.0      Direct obligations............          19          19          17
99.5  Below reporting threshold.........           1           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........          20          20          18
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 11-0700-0-1-151      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: 
        Civilian full-time equivalent 
        employment......................          27          32          32
---------------------------------------------------------------------------

                                


 
                     INTERNATIONAL MONETARY PROGRAMS

                              Federal Funds

General and special funds:

         United States Quota in the International Monetary Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0003-0-1-155      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........      17,859      19,580      19,580
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................       1,651
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......      19,510      19,580      19,580
23.98 Adjustment of $ equivalent........          69
24.40 Unobligated balance carried 
        forward, end of year............      19,580      19,580      19,580
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..      29,479      28,273      28,273
73.20 Total outlays (gross).............         446
73.45 Recoveries of prior year 
        obligations.....................      -1,651
74.40 Obligated balance, end of year....      28,273      28,273      28,273
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.98 Outlays from mandatory balances...        -446
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................        -446
---------------------------------------------------------------------------

    As part of a general increase in IMF quota resources, on November 
17, 1998, the United States consented to an increase in its quota to SDR 
37,149.3 million (about $52 billion at that time). The increase in the 
U.S. quota involves no net budget outlays. Similarly, use by the IMF of 
the quota commitment does not result in net budget outlays because the 
United States receives an increase in its international monetary 
reserves corresponding to any transfer of dollars under the U.S. quota 
subscription. The United States can use these interest-bearing reserves 
to meet a balance of payments financing need.

                                

For Loans to the International Monetary Fund--New Arrangements To Borrow

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-0074-0-1-155      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       8,652       8,878       8,652
23.98 Adjustment of $ equivalent........         226
24.40 Unobligated balance carried 
        forward, end of year............       8,878       8,652       8,652
----------------------------------------------------------------------------

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

    The General Arrangements to Borrow (GAB) were established in 1962 by 
10 industrial countries, including the United States, as a means of 
supplementing the IMF's resources when needed to forestall or cope with 
an impairment of the international monetary system. GAB members agreed 
in early 1983 to increase their financial commitments to the GAB from 
approximately SDR 6.3 billion to SDR 17 billion, with the U.S. share 
rising from $2.0 billion to approximately $6.4 billion.

    In January 1997, the Executive Board of the IMF approved the 
creation of the New Arrangements to Borrow (NAB) to further supplement 
resources available to the IMF to forestall or cope with an impairment 
of the international monetary system or to deal with an exceptional 
situation that poses a threat to the stability of the system. The NAB 
became effective on November 17, 1998. In 2002, twenty-five countries 
and institutions participated in the NAB through a set of credit 
arrangements with the IMF totaling SDR 34 billion (about $48 billion on 
the date of establishment), of which the U.S. share is approximately SDR 
6.7 billion (about $9.0 billion at end-December 2002). Chile is in the 
process of becoming the twenty-sixth member. Although the GAB continues 
to exist, the sum of loans advanced under the NAB and GAB cannot exceed 
SDR 34 billion. The sum of U.S. loans advanced under both arrangements 
cannot exceed the U.S. share of the NAB.

    Financing extended by the United States under the GAB and NAB does 
not result in any net budget outlays because such financing results in 
an equivalent increase in U.S. international reserve assets in the form 
of a claim on the IMF.

    During 1998 (July), the IMF made one call on GAB participants in 
support of an assistance program for Russia, of which the U.S. share was 
approximately $483 million. On December 15, 1998, the IMF made a call on 
NAB participants in support of an assistance program for Brazil, of 
which the U.S. share was approximately $860 million. The GAB and NAB 
loans were paid back in full on March 11, 1999. Since 1999, no calls 
were made on GAB or NAB participants, and no loans were outstanding at 
the end of the fiscal year.

                                


 
                         MILITARY SALES PROGRAMS

                              Federal Funds

Public enterprise funds:

                    Special Defense Acquisition Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-4116-0-3-155      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          28          28          18
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           8
22.40 Capital transfer to general fund..          -8         -10         -10
                                           ---------   ---------  ----------

[[Page 947]]


23.90   Total budgetary resources 
          available for obligation......          28          18           8
24.40 Unobligated balance carried 
        forward, end of year............          28          18           8
----------------------------------------------------------------------------

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

        Discretionary:
68.00     Offsetting collections (cash).           2
68.27     Capital transfer to general 
            fund........................          -2
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..          16           8           3
73.20 Total outlays (gross).............           2          -5          -3
73.45 Recoveries of prior year 
        obligations.....................          -8
74.40 Obligated balance, end of year....           8           3
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................          -2           5           3
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

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

    Net budget authority and outlays:
89.00 Budget authority..................          -2
90.00 Outlays...........................          -4           5           3
---------------------------------------------------------------------------

    This fund shows the financing transactions related to the 
procurement of defense articles prior to orders being placed by foreign 
countries and international organizations. This program is being phased 
out.

                                

                               Trust Funds

                    Foreign Military Sales Trust Fund

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8242-0-7-155      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............
    Receipts:
02.20 Deposits, advances, foreign 
        military sales..................      11,225      12,259      11,974
    Appropriations:
05.00 Foreign military sales trust fund.     -11,225     -12,259     -11,974
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8242-0-7-155      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Military personnel................          83          90          94
09.02 Operations and maintenance........         312         298         305
09.03 Procurement.......................      11,638      11,638       7,354
09.04 Research, development, test and 
        evaluation......................          20          27          27
09.06 Revolving and management funds....         711         827         839
09.07 Construction......................          95          96          97
09.08 Other.............................         355         356         361
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.3)...................      13,214      13,332       9,077
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......      13,214      13,332       9,077
23.95 Total new obligations.............     -13,214     -13,332      -9,077
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.26   Appropriation (trust fund)......      11,225      12,259      11,974
60.49   Portion applied to liquidate 
          contract authority............     -11,225     -12,259     -11,974
                                           ---------   ---------  ----------
62.50     Appropriation (total 
            mandatory)..................
66.10   Contract authority..............      13,214      13,332       9,077
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................      13,214      13,332       9,077
----------------------------------------------------------------------------

    Change in obligated balances:
72.40 Obligated balance, start of year..      18,781      20,932      22,005
73.10 Total new obligations.............      13,214      13,332       9,077
73.20 Total outlays (gross).............     -11,062     -12,259     -11,974
74.40 Obligated balance, end of year....      20,932      22,005      19,108
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       1,587       1,502       1,068
86.98 Outlays from mandatory balances...       9,475      10,757      10,906
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........      11,062      12,259      11,974
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................      13,214      13,332       9,077
90.00 Outlays...........................      11,062      12,259      11,974
---------------------------------------------------------------------------

            Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Identification code 11-8242-0-7-155      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
    Contract authority:
0200  Contract authority................      13,214      13,332       9,077
0400  Appropriation to liquidate 
        contract authority..............     -11,225     -12,259     -11,974
---------------------------------------------------------------------------

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

                         ESTIMATES OF NEW SALES

                                     2002 actual  2003 est.   2004 est.
Estimates of new orders (sales).....      12,500      14,200       8,900

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

                       FMS TRUST FUND TRANSACTIONS

                                     2002 actual  2003 est.   2004 est.
Obligations of the fund.............      13,214      13,332       9,077
Receipts from foreign governments 
(appropriation).....................     -11,225     -12,259     -11,974
                                    ------------------------------------
    Net budget authority............       1,989       1,073      -2,897
                                    ====================================
Payments from the fund (outlays)....      11,062      12,259      11,974
Receipts from foreign governments 
(appropriation).....................     -11,225     -12,259     -11,974
                                    ------------------------------------
    Net outlays.....................        -163           0           0
                                    ====================================

                                


 
                 SPECIAL ASSISTANCE FOR CENTRAL AMERICA

                              Federal Funds

General and special funds:

                   Demobilization and Transition Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1500-0-1-152      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

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

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

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

[[Page 948]]

                                

               Central American Reconciliation Assistance

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 72-1038-0-1-152      2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------

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

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

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

                                

                      General Fund Receipt Accounts

                           (in millions of dollars)

----------------------------------------------------------------------------
                                         2002 actual   2003 est.   2004 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
  11-272330  Debt restructuring, 
    Downward reestimates of subsidies...                       4
  11-272430  Foreign military financing, 
    Downward reestimates of subsidies...          16         522
  71-274930  Overseas Private Investment 
    Corporation loans, downward 
    reestimates of subsidy..............         135          58
  72-273030  Microenterprise and small 
    enterprise development, Downward 
    reestimates of subsidies............           1
  72-273130  Assistance for the new 
    independent states of the former 
    Soviet Union: Ukraine export credit 
    insurance, Downward reestimates.....          34
  72-274430  Urban and environmental 
    credit program, downward reestimates 
    of subsidies........................          14          30
  72-275230  Development credit 
    authority program account, downward 
    reestimates of loan guarantees......           1
                                           ---------   ---------  ----------
General Fund Offsetting receipts from 
 the public.............................         201         614
---------------------------------------------------------------------------

                                


 
                       TITLE V--GENERAL PROVISIONS

              obligations during last month of availability

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

                    limitation on residence expenses

    Sec. 502. Of the funds appropriated or made available pursuant to 
this Act, not to exceed $100,500 shall be for official residence 
expenses of the United States Agency for International Development 
during the current fiscal year: Provided, That appropriate steps shall 
be taken to assure that, to the maximum extent possible, United States-
owned foreign currencies are utilized in lieu of dollars.

                         limitation on expenses

    Sec. 503. Of the funds appropriated or made available pursuant to 
this Act, not to exceed $5,000 shall be for entertainment expenses of 
the United States Agency for International Development during the 
current fiscal year.

                limitation on representational allowances

    Sec. 504. Of the funds appropriated or made available pursuant to 
this Act, not to exceed $125,000 shall be available for representation 
allowances for the United States Agency for International Development 
during the current fiscal year: Provided, That appropriate steps shall 
be taken to assure that, to the maximum extent possible, United States-
owned foreign currencies are utilized in lieu of dollars: Provided 
further, That of the funds made available by this Act for general costs 
of administering military assistance and sales under the heading 
``Foreign Military Financing Program'', not to exceed $4,000 shall be 
available for entertainment expenses and not to exceed $125,000 shall be 
available for representation allowances: Provided further, That of the 
funds made available by this Act under the heading ``International 
Military Education and Training'', not to exceed $50,000 shall be 
available for entertainment allowances: Provided further, That of the 
funds made available by this Act for the Inter-American Foundation, not 
to exceed $2,000 shall be available for entertainment and representation 
allowances: Provided further, That of the funds made available by this 
Act for the Peace Corps, not to exceed a total of $4,000 shall be 
available for entertainment expenses: Provided further, That of the 
funds made available by this Act under the heading ``Trade and 
Development Agency'', not to exceed $4,000 shall be available for 
representation and entertainment allowances.

        prohibition against direct funding for certain countries

    Sec. 505. None of the funds appropriated or otherwise made available 
pursuant to this Act shall be obligated or expended to finance directly 
any assistance or reparations to Cuba, Iraq, Libya, North Korea, Iran, 
Sudan, or Syria unless the President determines that assistance to such 
country is in the national interest of the United States: Provided, That 
for purposes of this section, the prohibition on obligations or 
expenditures shall include direct loans, credits, insurance and 
guarantees of the Export-Import Bank or its agents.

                             military coups

    Sec. 506. None of the funds appropriated or otherwise made available 
pursuant to this Act shall be obligated or expended to finance directly 
any assistance to the government of any country whose duly elected head 
of government is deposed by military coup or decree: Provided, That 
assistance may be resumed to such government if the President determines 
and certifies to the Committees on Appropriations that subsequent to the 
termination of assistance a democratically elected government has taken 
office: Provided further, That the provisions of this section shall not 
apply to assistance to promote democratic elections or public 
participation in democratic processes or if the President determines 
that assistance to such country is in the national interest of the 
United States: Provided further, That funds made available pursuant to 
the previous provisos shall be subject to the regular notification 
procedures of the Committees on Appropriations.

                       transfers between accounts

    Sec. 507. None of the funds made available by this Act may be 
obligated under an appropriation account to which they were not 
appropriated, except for transfers specifically provided for in this 
Act, unless the President, prior to the exercise of any authority 
contained in the Foreign Assistance Act of 1961 to transfer funds, 
consults with and provides a written policy justification to the 
Committees on Appropriations of the House of Representatives and the 
Senate.

                   deobligation/reobligation authority

    Sec. 508. Obligated balances of funds appropriated to carry out 
section 23 of the Arms Export Control Act as of the end of the fiscal 
year immediately preceding the current fiscal year are, if deobligated, 
hereby continued available during the current fiscal year for the same 
purpose under any authority applicable to such appropriations under this 
Act: Provided, That the authority of this subsection may not be used in 
fiscal year 2004.

                          availability of funds

    Sec. 509. No part of any appropriation contained in this Act shall 
remain available for obligation after the expiration of the current 
fiscal year unless expressly so provided in this Act: Provided, That 
funds appropriated for the purposes of chapters 1, 8, 11, and 12 of part 
I, section 667, chapter 4 of part II of the Foreign Assistance Act of 
1961, as amended, section 23 of the Arms Export Control Act, and funds 
provided under the heading ``Assistance for Eastern Europe and the 
Baltic States'', shall remain available for an additional four years 
from the date on which the availability of such funds would otherwise 
have expired, if such funds are initially obligated before the 
expiration of their respective periods of availability contained in this 
Act: Provided further, That, notwithstanding any other provision of this 
Act, any funds made available for the purposes of chapter 1 of part I 
and chapter 4 of part II of the Foreign Assistance Act of 1961 which are 
allocated or obligated for cash disbursements

[[Page 949]]

in order to address balance of payments or economic policy reform 
objectives, shall remain available until expended.

            limitation on assistance to countries in default

    Sec. 510. No part of any appropriation contained in this Act shall 
be used to furnish assistance to the government of any country which is 
in default during a period in excess of one calendar year in payment to 
the United States of principal or interest on any loan made to the 
government of such country by the United States pursuant to a program 
for which funds are appropriated under this Act unless the President 
determines that assistance to such country is in the national interest 
of the United States.

                        notification requirements

    Sec. 511. For the purposes of providing the executive branch with 
the necessary administrative flexibility, none of the funds made 
available under this Act for ``Child Survival and Health Programs 
Fund'', ``Development Assistance'', ``International Organizations and 
Programs'', ``Trade and Development Agency'', ``International Narcotics 
Control and Law Enforcement'', ``Andean Counterdrug Initiative'', 
``Assistance for Eastern Europe and the Baltic States'', ``Assistance 
for the Independent States of the Former Soviet Union'', ``Economic 
Support Fund'', ``Peacekeeping Operations'', ``Operating Expenses of the 
United States Agency for International Development'', ``Capital 
Investment Fund'', ``Operating Expenses of the United States Agency for 
International Development Office of Inspector General'', 
``Nonproliferation, Anti-terrorism, Demining and Related Programs'', 
``Foreign Military Financing Program'', ``International Military 
Education and Training'', ``Peace Corps'', and ``Migration and Refugee 
Assistance'', shall be available for obligation for activities, 
programs, projects, type of materiel assistance, countries, or other 
operations not justified or in excess of the amount justified to the 
Appropriations Committees for obligation under any of these specific 
headings unless the Appropriations Committees of both Houses of Congress 
are notified 15 days in advance: Provided, That the President shall not 
enter into any commitment of funds appropriated for the purposes of 
section 23 of the Arms Export Control Act for the provision of major 
defense equipment, other than conventional ammunition, or other major 
defense items defined to be aircraft, ships, missiles, or combat 
vehicles, not previously justified to Congress or 20 percent in excess 
of the quantities justified to Congress unless the Committees on 
Appropriations are notified 15 days in advance of such commitment: 
Provided further, That this section shall not apply to any reprogramming 
for an activity, program, or project under chapter 1 of part I of the 
Foreign Assistance Act of 1961 of less than 10 percent of the amount 
previously justified to the Congress for obligation for such activity, 
program, or project for the current fiscal year: Provided further, That 
the requirements of this section or any similar provision of this Act or 
any other Act, including any prior Act requiring notification in 
accordance with the regular notification procedures of the Committees on 
Appropriations, may be waived if failure to do so would pose a 
substantial risk to human health or welfare: Provided further, That in 
case of any such waiver, notification to the Congress, or the 
appropriate congressional committees, shall be provided as early as 
practicable, but in no event later than 3 days after taking the action 
to which such notification requirement was applicable, in the context of 
the circumstances necessitating such waiver: Provided further, That any 
notification provided pursuant to such a waiver shall contain an 
explanation of the emergency circumstances.

limitation on availability of funds for international organizations and 
                                programs

    Sec. 512. Subject to the regular notification procedures of the 
Committees on Appropriations, funds appropriated under this Act or any 
previously enacted Act making appropriations for foreign operations, 
export financing, and related programs, which are returned or not made 
available for organizations and programs because of the implementation 
of section 307(a) of the Foreign Assistance Act of 1961, shall remain 
available for obligation until September 30, 2005.

              independent states of the former soviet union

    Sec. 513. Funds appropriated in this or prior appropriations Acts 
that are or have been made available for an Enterprise Fund in the 
Independent States of the Former Soviet Union may be deposited by such 
Fund in interest-bearing accounts prior to the disbursement of such 
funds by the Fund for program purposes. The Fund may retain for such 
program purposes any interest earned on such deposits without returning 
such interest to the Treasury of the United States and without further 
appropriation by the Congress. Funds made available for Enterprise Funds 
shall be expended at the minimum rate necessary to make timely payment 
for projects and activities.

   prohibition on funding for abortions and involuntary sterilization

    Sec. 514. None of the funds made available to carry out part I of 
the Foreign Assistance Act of 1961, as amended, may be used to pay for 
the performance of abortions as a method of family planning or to 
motivate or coerce any person to practice abortions. None of the funds 
made available to carry out part I of the Foreign Assistance Act of 
1961, as amended, may be used to pay for the performance of involuntary 
sterilization as a method of family planning or to coerce or provide any 
financial incentive to any person to undergo sterilizations. None of the 
funds made available to carry out part I of the Foreign Assistance Act 
of 1961, as amended, may be used to pay for any biomedical research 
which relates in whole or in part, to methods of, or the performance of, 
abortions or involuntary sterilization as a means of family planning. 
None of the funds made available to carry out part I of the Foreign 
Assistance Act of 1961, as amended, may be obligated or expended for any 
country or organization if the President certifies that the use of these 
funds by any such country or organization would violate any of the above 
provisions related to abortions and involuntary sterilizations.

                  export financing transfer authorities

    Sec. 515. Not to exceed 5 percent of any appropriation other than 
for administrative expenses made available for fiscal year 2003, for 
programs under title I of this Act may be transferred between such 
appropriations for use for any of the purposes, programs, and activities 
for which the funds in such receiving account may be used, but no such 
appropriation, except as otherwise specifically provided, shall be 
increased by more than 25 percent by any such transfer: Provided, That 
the exercise of such authority shall be subject to the regular 
notification procedures of the Committees on Appropriations.

              definition of program, project, and activity

    Sec. 516. For the purpose of this Act, ``program, project, and 
activity'' shall be defined at the appropriations Act account level and 
shall include all appropriations and authorizations Acts earmarks, 
ceilings, and limitations with the exception that for the following 
accounts, Economic Support Fund and Foreign Military Financing Program, 
``program, project, and activity'' shall also be considered to include 
country, regional, and central program level funding within each such 
account; for the development assistance accounts of the United States 
Agency for International Development, ``program, project, and activity'' 
shall also be considered to include central program level funding, 
either as: (1) justified to the Congress; or (2) allocated by the 
executive branch in accordance with a report, to be provided to the 
Committees on Appropriations within 30 days of the enactment of this 
Act, as required by section 653(a) of the Foreign Assistance Act of 
1961.

                  child survival and health activities

    Sec. 517. Up to $15,500,000 of the funds made available by this Act 
for assistance under the heading, ``Child Survival and Health Programs 
Fund'', may be used to reimburse United States Government agencies, 
agencies of State governments, institutions of higher learning, and 
private and voluntary organizations for the full cost of individuals 
(including for the personal services of such individuals) detailed or 
assigned to, or contracted by, as the case may be, the United States 
Agency for International Development for the purpose of carrying out 
activities under that heading: Provided, That up to $3,000,000 of the 
funds made available by this Act for assistance under the heading, 
``Development Assistance'', may be used to reimburse such agencies, 
institutions, and organizations for such costs of such invididuals 
carrying out other development assistance activities: Provided further, 
That funds appropriated by this Act that are made available for child 
survival activities or health programs including activities relating to 
research on, and the prevention, treatment and control of, HIV/AIDS may 
be made available notwithstanding any other provision of law: Provided 
further, That funds appropriated under title II of this Act may be made 
available pursuant to section 301 of the Foreign Assistance Act of 1961 
if a primary purpose of the assistance is for child survival and related 
programs.

                           democracy programs

    Sec. 518. (a) Funds appropriated by this Act that are provided to 
the National Endowment for Democracy may be made available 
notwithstanding any other provision of law or regulation: Provided, That 
notwithstanding any other provision of law, funds appropriated

[[Page 950]]

by this Act to carry out provisions of chapter 4 of part II of the 
Foreign Assistance Act of 1961, may be made available for assistance for 
activities to support democracy, human rights, and the rule of law in 
the People's Republic of China.
    (b) Funds appropriated by this Act under the heading ``Economic 
Support Fund'' may be made available, notwithstanding any other 
provision of law, for programs and activities to foster democracy, human 
rights, press freedoms, women's development, and the rule of law in 
countries with a significant Muslim population, and where such programs 
and activities would be important to United States efforts to respond 
to, deter, or prevent acts of international terrorism: Provided, That 
funds made available pursuant to the authority of this subsection should 
support new initiatives or bolster ongoing programs and activities in 
those countries.

       prohibition on bilateral assistance to terrorist countries

    Sec. 519. (a) Funds appropriated for bilateral assistance under any 
heading of this Act and funds appropriated under any such heading in a 
provision of law enacted prior to the enactment of this Act, shall not 
be made available to any country which the President determines--
        (1) grants sanctuary from prosecution to any individual or group 
    which has committed an act of international terrorism; or
        (2) otherwise supports international terrorism.
    (b) The President may waive the application of subsection (a) to a 
country if the President determines that national security or 
humanitarian reasons justify such waiver. The President shall publish 
each waiver in the Federal Register and, at least 15 days before the 
waiver takes effect, shall notify the Committees on Appropriations of 
the waiver (including the justification for the waiver) in accordance 
with the regular notification procedures of the Committees on 
Appropriations.

                          debt-for-development

    Sec. 520. In order to enhance the continued participation of 
nongovernmental organizations in economic assistance activities under 
the Foreign Assistance Act of 1961, including endowments, debt-for-
development and debt-for-nature exchanges, a nongovernmental 
organization which is a grantee or contractor of the United States 
Agency for International Development may place in interest bearing 
accounts funds made available under this Act or prior Acts or local 
currencies which accrue to that organization as a result of economic 
assistance provided under title II of this Act and any interest earned 
on such investment shall be used for the purpose for which the 
assistance was provided to that organization.

  compensation for united states executive directors to international 
                         financial institutions

    Sec. 521. (a) No funds appropriated by this Act may be made as 
payment to any international financial institution while the United 
States Executive Director to such institution is compensated by the 
institution at a rate which, together with whatever compensation such 
Director receives from the United States, is in excess of the rate 
provided for an individual occupying a position at level IV of the 
Executive Schedule under section 5315 of title 5, United States Code, or 
while any alternate United States Director to such institution is 
compensated by the institution at a rate in excess of the rate provided 
for an individual occupying a position at level V of the Executive 
Schedule under section 5316 of title 5, United States Code.
    (b) For purposes of this section, ``international financial 
institutions'' are: the International Bank for Reconstruction and 
Development, the Inter-American Development Bank, the Asian Development 
Bank, the Asian Development Fund, the African Development Bank, the 
African Development Fund, the International Monetary Fund, the North 
American Development Bank, and the European Bank for Reconstruction and 
Development.

          compliance with united nations sanctions against iraq

    Sec. 522. None of the funds appropriated or otherwise made available 
pursuant to this Act to carry out the Foreign Assistance Act of 1961 
(including title IV of chapter 2 of part I, relating to the Overseas 
Private Investment Corporation) or the Arms Export Control Act may be 
used to provide assistance to any country that is not in compliance with 
the United Nations Security Council sanctions against Iraq unless the 
President determines and so certifies to the Congress that--
        (1) such assistance is in the national interest of the United 
    States;
        (2) such assistance will directly benefit the needy people in 
    that country; or
        (3) the assistance to be provided will be humanitarian 
    assistance for foreign nationals who have fled Iraq and Kuwait.

 authorities for the peace corps, inter-american foundation and african 
                         development foundation

    Sec. 523. Unless expressly provided to the contrary, provisions of 
this or any other Act, including provisions contained in prior Acts 
authorizing or making appropriations for foreign operations, export 
financing, and related programs, shall not be construed to prohibit 
activities authorized by or conducted under the Peace Corps Act, the 
Inter-American Foundation Act or the African Development Foundation Act. 
The agency shall promptly report to the Committees on Appropriations 
whenever it is conducting activities or is proposing to conduct 
activities in a country for which assistance is prohibited.

                   impact on jobs in the united states

    Sec. 524. None of the funds appropriated by this Act may be 
obligated or expended to provide--
        (a) any financial incentive to a business enterprise currently 
    located in the United States for the purpose of inducing such an 
    enterprise to relocate outside the United States if such incentive 
    or inducement is likely to reduce the number of employees of such 
    business enterprise in the United States because United States 
    production is being replaced by such enterprise outside the United 
    States; or
        (b) assistance for any project or activity that contributes to 
    the violation of internationally recognized workers rights, as 
    defined in section 507(4) of the Trade Act of 1974, of workers in 
    the recipient country, including any designated zone or area in that 
    country: Provided, That in recognition that the application of this 
    subsection should be commensurate with the level of development of 
    the recipient country and sector, the provisions of this subsection 
    shall not preclude assistance for the informal sector in such 
    country, micro and small-scale enterprise, and smallholder 
    agriculture.

                           special authorities

    Sec. 525. (a) Afghanistan, Pakistan, Lebanon, Montenegro, Victims of 
War, Displaced Children, and Displaced Burmese.--Funds appropriated in 
this Act that are made available for Afghanistan, Pakistan, Lebanon, 
Montenegro, and for victims of war, displaced children, and displaced 
Burmese, and to assist victims of trafficking in persons and, subject to 
the regular notification procedures of the Committees on Appropriations, 
to combat such trafficking, may be made available notwithstanding any 
other provision of law: Provided, That any such funds that are made 
available for Cambodia shall be subject to the provisions of section 
531(e) of the Foreign Assistance Act of 1961 and section 906 of the 
International Security and Development Cooperation Act of 1985.
    (b) Tropical Forestry and Biodiversity Conservation Activities.--
Funds appropriated by this Act to carry out the provisions of sections 
103 through 106, and chapter 4 of part II, of the Foreign Assistance Act 
of 1961 may be used, notwithstanding any other provision of law, for the 
purpose of supporting tropical forestry and biodiversity conservation 
activities and energy programs aimed at reducing greenhouse gas 
emissions: Provided, That such assistance shall be subject to sections 
116, 502B, and 620A of the Foreign Assistance Act of 1961.
    (c) Personal Services Contractors.--Funds appropriated by this Act 
to carry out chapter 1 of part I, chapter 4 of part II, and section 667 
of the Foreign Assistance Act of 1961, and title II of the Agricultural 
Trade Development and Assistance Act of 1954, may be used by the United 
States Agency for International Development to employ up to 25 personal 
services contractors in the United States, notwithstanding any other 
provision of law, for the purpose of providing direct, interim support 
for new or expanded overseas programs and activities and managed by the 
agency until permanent direct hire personnel are hired and trained: 
Provided, That not more than 10 of such contractors shall be assigned to 
any bureau or office: Provided further, That such funds appropriated to 
carry out title II of the Agricultural Trade Development and Assistance 
Act of 1954, may be made available only for personal services 
contractors assigned to the Office of Food for Peace.
    (d)(1) Waiver.--The President may waive the provisions of section 
1003 of Public Law 100-204 if the President determines and certifies in 
writing to the Speaker of the House of Representatives and the President 
pro tempore of the Senate that it is important to the national security 
interests of the United States.

[[Page 951]]

    (2) Period of Application of Waiver.--Any waiver pursuant to 
paragraph (1) shall be effective for no more than a period of 6 months 
at a time and shall not apply beyond 12 months after the enactment of 
this Act.
    (e) Contingencies.--During fiscal year 2004, the President may use 
up to $100,000,000 under the authority of section 451 of the Foreign 
Assistance Act, notwithstanding the funding ceiling in section 451(a).
    (f) Small Business.--In entering into multiple award indefinite-
quantity contracts with funds appropriated by this Act, the United 
States Agency for International Development may provide an exception to 
the fair opportunity process for placing task orders under such 
contracts when the order is placed with any category of small or small 
disadvantaged business.
    (g) Reconstituting Civilian Police Authority.--In providing 
assistance with funds appropriated by this Act under section 660(b)(6) 
of the Foreign Assistance Act of 1961, support for a nation emerging 
from instability may be deemed to mean support for regional, district, 
municipal, or other sub-national entity emerging from instability, as 
well as a nation emerging from instability.

                  administration of justice activities

    Sec. 526. Of the funds appropriated or otherwise made available by 
this Act for ``Economic Support Fund'', assistance may be provided to 
strengthen the administration of justice in countries in Latin America 
and the Caribbean and in other regions consistent with the provisions of 
section 534(b) of the Foreign Assistance Act of 1961, except that 
programs to enhance protection of participants in judicial cases may be 
conducted notwithstanding section 660 of that Act. Funds made available 
pursuant to this section may be made available notwithstanding section 
534(c) and the second and third sentences of section 534(e) of the 
Foreign Assistance Act of 1961.

                       eligibility for assistance

    Sec. 527. (a) Assistance Through Nongovernmental Organizations.--
Restrictions contained in this or any other Act with respect to 
assistance for a country shall not be construed to restrict assistance 
in support of programs of nongovernmental organizations from funds 
appropriated by this Act to carry out the provisions of chapters 1, 10, 
11, and 12 of part I and chapter 4 of part II of the Foreign Assistance 
Act of 1961, and from funds appropriated under the heading ``Assistance 
for Eastern Europe and the Baltic States'': Provided, That the President 
shall take into consideration, in any case in which a restriction on 
assistance would be applicable but for this subsection, whether 
assistance in support of programs of nongovernmental organizations is in 
the national interest of the United States: Provided further, That 
before using the authority of this subsection to furnish assistance in 
support of programs of nongovernmental organizations, the President 
shall notify the Committees on Appropriations under the regular 
notification procedures of those committees, including a description of 
the program to be assisted, the assistance to be provided, and the 
reasons for furnishing such assistance: Provided further, That nothing 
in this subsection shall be construed to alter any existing statutory 
prohibitions against abortion or involuntary sterilizations contained in 
this or any other Act.
    (b) Public Law 480.--During fiscal year 2004, restrictions contained 
in this or any other Act with respect to assistance for a country shall 
not be construed to restrict assistance under the Agricultural Trade 
Development and Assistance Act of 1954: Provided, That none of the funds 
appropriated to carry out title I of such Act and made available 
pursuant to this subsection may be obligated or expended except as 
provided through the regular notification procedures of the Committees 
on Appropriations.
    (c) Exception.--This section shall not apply--
        (1) with respect to section 620A of the Foreign Assistance Act 
    of 1961 or any comparable provision of law prohibiting assistance to 
    countries that support international terrorism; or
        (2) with respect to section 116 of the Foreign Assistance Act of 
    1961 or any comparable provision of law prohibiting assistance to 
    the government of a country that violates internationally recognized 
    human rights.

                                earmarks

    Sec. 528. (a) Funds appropriated by this Act which are earmarked may 
be reprogrammed for other programs within the same account 
notwithstanding the earmark if compliance with the earmark is made not 
possible by operation of any provision of this or any other Act or other 
compelling foreign policy reason: Provided, That any such reprogramming 
shall be subject to the regular notification procedures of the 
Committees on Appropriations: Provided further, That assistance that is 
reprogrammed pursuant to this subsection shall be made available under 
the same terms and conditions as originally provided.
    (b) In addition to the authority contained in subsection (a), the 
original period of availability of funds appropriated by this Act and 
administered by the United States Agency for International Development 
that are earmarked for particular programs or activities by this or any 
other Act shall be extended for an additional fiscal year if the 
Administrator of such agency determines and reports promptly to the 
Committees on Appropriations that the termination of assistance to a 
country or a significant change in circumstances makes it unlikely that 
such earmarked funds can be obligated during the original period of 
availability: Provided, That such earmarked funds that are continued 
available for an additional fiscal year shall be obligated only for the 
purpose of such earmark.

                          ceilings and earmarks

    Sec.  529. Ceilings and earmarks contained in this Act shall not be 
applicable to funds or authorities appropriated or otherwise made 
available by any subsequent Act unless such Act specifically so directs. 
Earmarks or minimum funding requirements contained in any other Act 
shall not be applicable to funds appropriated by this Act.

                 prohibition on publicity or propaganda

    Sec. 530. No part of any appropriation contained in this Act shall 
be used for publicity or propaganda purposes within the United States 
not authorized before the date of the enactment of this Act by the 
Congress.

            purchase of american-made equipment and products

    Sec. 531. To the maximum extent practicable, assistance provided 
under this Act should make full use of American resources, including 
commodities, products, and services.

     limitation on assistance for the plo for the west bank and gaza

    Sec. 532. None of the funds appropriated by this Act may be 
obligated for assistance for the Palestine Liberation Organization for 
the West Bank and Gaza unless the President has exercised the authority 
under section 604(a) of the Middle East Peace Facilitation Act of 1995 
(title VI of Public Law 104-107) or any other legislation to suspend or 
make inapplicable section 307 of the Foreign Assistance Act of 1961 and 
that suspension is still in effect: Provided, That if the President 
fails to make the certification under section 604(b)(2) of the Middle 
East Peace Facilitation Act of 1995 or to suspend the prohibition under 
other legislation, funds appropriated by this Act may not be obligated 
for assistance for the Palestine Liberation Organization for the West 
Bank and Gaza.

                      war crimes tribunals drawdown

    Sec. 533. If the President determines that doing so will contribute 
to a just resolution of charges regarding genocide or other violations 
of international humanitarian law, the President may direct a drawdown 
pursuant to section 552(c) of the Foreign Assistance Act of 1961, as 
amended, of up to $30,000,000 of commodities and services for the United 
Nations War Crimes Tribunal established with regard to the former 
Yugoslavia by the United Nations Security Council or such other 
tribunals or commissions as the Council may establish or authorize to 
deal with such violations, without regard to the ceiling limitation 
contained in paragraph (2) thereof: Provided, That the determination 
required under this section shall be in lieu of any determinations 
otherwise required under section 552(c).

                                landmines

    Sec. 534. Notwithstanding any other provision of law, demining 
equipment available to the United States Agency for International 
Development and the Department of State and used in support of the 
clearance of landmines and unexploded ordnance for humanitarian purposes 
may be disposed of on a grant basis in foreign countries, subject to 
such terms and conditions as the President may prescribe.

            restrictions concerning the palestinian authority

    Sec. 535. None of the funds appropriated by this Act may be 
obligated or expended to create in any part of Jerusalem a new office of 
any department or agency of the United States Government for the purpose 
of conducting official United States Government business with the 
Palestinian Authority over Gaza and Jericho or any successor Palestinian 
governing entity provided for in the Israel-PLO Declara

[[Page 952]]

tion of Principles: Provided, That this restriction shall not apply to 
the acquisition of additional space for the existing Consulate General 
in Jerusalem: Provided further, That meetings between officers and 
employees of the United States and officials of the Palestinian 
Authority, or any successor Palestinian governing entity provided for in 
the Israel-PLO Declaration of Principles, for the purpose of conducting 
official United States Government business with such authority should 
continue to take place in locations other than Jerusalem. As has been 
true in the past, officers and employees of the United States Government 
may continue to meet in Jerusalem on other subjects with Palestinians 
(including those who now occupy positions in the Palestinian Authority), 
have social contacts, and have incidental discussions.

               prohibition of payment of certain expenses

    Sec. 536. None of the funds appropriated or otherwise made available 
by this Act under the heading ``International Military Education and 
Training'' or ``Foreign Military Financing Program'' for Informational 
Program activities or under the headings ``Child Survival and Health 
Programs Fund'', ``Development Assistance'' and ``Economic Support 
Fund'' may be obligated or expended to pay for--
        (1) alcoholic beverages; or
        (2) entertainment expenses for activities that are substantially 
    of a recreational character, including entrance fees at sporting 
    events and amusement parks.

                   special debt relief for the poorest

    Sec. 537. (a) Authority To Reduce Debt.--The President may reduce 
amounts owed to the United States (or any agency of the United States) 
by an eligible country as a result of--
        (1) guarantees issued under sections 221 and 222 of the Foreign 
    Assistance Act of 1961;
        (2) credits extended or guarantees issued under the Arms Export 
    Control Act; or
        (3) any obligation or portion of such obligation, to pay for 
    purchases of United States agricultural commodities guaranteed by 
    the Commodity Credit Corporation under export credit guarantee 
    programs authorized pursuant to section 5(f ) of the Commodity 
    Credit Corporation Charter Act of June 29, 1948, as amended, section 
    4(b) of the Food for Peace Act of 1966, as amended (Public Law 89-
    808), or section 202 of the Agricultural Trade Act of 1978, as 
    amended (Public Law 95-501).
    (b) Limitations.--
        (1) The authority provided by subsection (a) may be exercised 
    only to implement multilateral official debt relief and referendum 
    agreements, commonly referred to as ``Paris Club Agreed Minutes''.
        (2) The authority provided by subsection (a) may be exercised 
    only in such amounts or to such extent as is provided in advance by 
    appropriations Acts.
        (3) The authority provided by subsection (a) may be exercised 
    only with respect to countries with heavy debt burdens that are 
    eligible to borrow from the International Development Association, 
    but not from the International Bank for Reconstruction and 
    Development, commonly referred to as ``IDA-only'' countries.
    (c) Conditions.--The authority provided by subsection (a) may be 
exercised only with respect to a country whose government--
        (1) does not have an excessive level of military expenditures;
        (2) has not repeatedly provided support for acts of 
    international terrorism;
        (3) is not failing to cooperate on international narcotics 
    control matters;
        (4) (including its military or other security forces) does not 
    engage in a consistent pattern of gross violations of 
    internationally recognized human rights; and
        (5) is not ineligible for assistance because of the application 
    of section 527 of the Foreign Relations Authorization Act, Fiscal 
    Years 1994 and 1995.
    (d) Availability of Funds.--The authority provided by subsection (a) 
may be used only with regard to funds appropriated by this Act under the 
heading ``Debt Restructuring''.
    (e) Certain Prohibitions Inapplicable.--A reduction of debt pursuant 
to subsection (a) shall not be considered assistance for purposes of any 
provision of law limiting assistance to a country. The authority 
provided by subsection (a) may be exercised notwithstanding section 
620(r) of the Foreign Assistance Act of 1961 or section 321 of the 
International Development and Food Assistance Act of 1975.

              authority to engage in debt buybacks or sales

    Sec. 538. (a) Loans Eligible for Sale, Reduction, or Cancellation.--
        (1) Authority to sell, reduce, or cancel certain loans.--
    Notwithstanding any other provision of law, the President may, in 
    accordance with this section, sell to any eligible purchaser any 
    concessional loan or portion thereof made before January 1, 1995, 
    pursuant to the Foreign Assistance Act of 1961, to the government of 
    any eligible country as defined in section 702(6) of that Act or on 
    receipt of payment from an eligible purchaser, reduce or cancel such 
    loan or portion thereof, only for the purpose of facilitating--
                (A) debt-for-equity swaps, debt-for-development swaps, 
            or debt-for-nature swaps; or
                (B) a debt buyback by an eligible country of its own 
            qualified debt, only if the eligible country uses an 
            additional amount of the local currency of the eligible 
            country, equal to not less than 40 percent of the price paid 
            for such debt by such eligible country, or the difference 
            between the price paid for such debt and the face value of 
            such debt, to support activities that link conservation and 
            sustainable use of natural resources with local community 
            development, and child survival and other child development, 
            in a manner consistent with sections 707 through 710 of the 
            Foreign Assistance Act of 1961, if the sale, reduction, or 
            cancellation would not contravene any term or condition of 
            any prior agreement relating to such loan.
        (2) Terms and conditions.--Notwithstanding any other provision 
    of law, the President shall, in accordance with this section, 
    establish the terms and conditions under which loans may be sold, 
    reduced, or canceled pursuant to this section.
        (3) Administration.--The Facility, as defined in section 702(8) 
    of the Foreign Assistance Act of 1961, shall notify the 
    administrator of the agency primarily responsible for administering 
    part I of the Foreign Assistance Act of 1961 of purchasers that the 
    President has determined to be eligible, and shall direct such 
    agency to carry out the sale, reduction, or cancellation of a loan 
    pursuant to this section. Such agency shall make an adjustment in 
    its accounts to reflect the sale, reduction, or cancellation.
        (4) Limitation.--The authorities of this subsection shall be 
    available only to the extent that appropriations for the cost of the 
    modification, as defined in section 502 of the Congressional Budget 
    Act of 1974, are made in advance.
    (b) Deposit of Proceeds.--The proceeds from the sale, reduction, or 
cancellation of any loan sold, reduced, or canceled pursuant to this 
section shall be deposited in the United States Government account or 
accounts established for the repayment of such loan.
    (c) Eligible Purchasers.--A loan may be sold pursuant to subsection 
(a)(1)(A) only to a purchaser who presents plans satisfactory to the 
President for using the loan for the purpose of engaging in debt-for-
equity swaps, debt-for-development swaps, or debt-for-nature swaps.
    (d) Debtor Consultations.--Before the sale to any eligible 
purchaser, or any reduction or cancellation pursuant to this section, of 
any loan made to an eligible country, the President should consult with 
the country concerning the amount of loans to be sold, reduced, or 
canceled and their uses for debt-for-equity swaps, debt-for-development 
swaps, or debt-for-nature swaps.
    (e) Availability of Funds.--The authority provided by subsection (a) 
may be used only with regard to funds appropriated by this Act under the 
heading ``Debt Restructuring''.

                            haiti coast guard

    Sec. 539. The Government of Haiti shall be eligible to purchase 
defense articles and services under the Arms Export Control Act (22 
U.S.C. 2751 et seq.), for the Coast Guard.

          limitation on assistance to the palestinian authority

    Sec. 540. (a) Prohibition of Funds.--None of the funds appropriated 
by this Act to carry out the provisions of chapter 4 of part II of the 
Foreign Assistance Act of 1961 may be obligated or expended with respect 
to providing funds to the Palestinian Authority.
    (b) Waiver.--The prohibition included in subsection (a) shall not 
apply if the President certifies in writing to the Speaker of the House 
of Representatives and the President pro tempore of the Senate that 
waiving such prohibition is important to the national security interests 
of the United States.
    (c) Period of Application of Waiver.--Any waiver pursuant to 
subsection (b) shall be effective for no more than a period of 6 months

[[Page 953]]

at a time and shall not apply beyond 12 months after the enactment of 
this Act.

  prohibition on assistance to the palestinian broadcasting corporation

    Sec. 541. None of the funds appropriated or otherwise made available 
by this Act may be used to provide equipment, technical support, 
consulting services, or any other form of assistance to the Palestinian 
Broadcasting Corporation.

                                  iraq

    Sec. 542. Notwithstanding any other provision of law, funds 
appropriated by this Act may be made available for programs benefitting 
the Iraqi people and to support efforts to bring about a political 
transition in Iraq.

                 commercial leasing of defense articles

    Sec. 543. Notwithstanding any other provision of law, and subject to 
the regular notification procedures of the Committees on Appropriations, 
the authority of section 23(a) of the Arms Export Control Act may be 
used to provide financing to Israel, Egypt and NATO and major non-NATO 
allies for the procurement by leasing (including leasing with an option 
to purchase) of defense articles from United States commercial 
suppliers, not including Major Defense Equipment (other than helicopters 
and other types of aircraft having possible civilian application), if 
the President determines that there are compelling foreign policy or 
national security reasons for those defense articles being provided by 
commercial lease rather than by government-to-government sale under such 
Act.

                    Community-Based Police Assistance

    Sec. 544. (a) Authority.--Funds made available by this Act to carry 
out the provisions of chapter 1 of part I and chapter 4 of part II of 
the Foreign Assistance Act of 1961 may be used, notwithstanding section 
660 of that Act, to enhance the effectiveness and accountability of 
civilian police authority in Jamaica and El Salvador through training 
and technical assistance in internationally recognized human rights, the 
rule of law, strategic planning, and through the promotion of civilian 
police roles that support democratic governance including programs to 
prevent conflict and foster improved police relations with the 
communities they serve.
    (b) Report.--The Administrator of the United States Agency for 
International Development shall submit a report to the appropriate 
congressional committees describing the progress each program is making 
toward improving police relations with the communities they serve and 
institutionalizing an effective community-based police program.

excess defense articles for central and southern european countries and 
                         certain other countries

    Sec. 545. Notwithstanding section 516(e) of the Foreign Assistance 
Act of 1961 (22 U.S.C. 2321j(e)), during each of the fiscal years 2004 
and 2005, funds available to the Department of Defense may be expended 
for crating, packing, handling, and transportation of excess defense 
articles transferred under the authority of section 516 of such Act to 
Albania, Bulgaria, Croatia, Estonia, Former Yugoslavia Republic of 
Macedonia, Georgia, India, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, 
Moldova, Mongolia, Pakistan, Romania, Slovakia, Slovenia, Tajikistan, 
Turkmenistan, Ukraine, and Uzbekistan: Provided, That section 105 of 
Public Law 104-164, as amended, is further amended by striking ``2003 
and 2004'' and inserting ``2004 and 2005''.
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