United States. Dept. of State. Office of Public Co.

Department of State bulletin (Volume v. 56, Jan- Mar 1967) online

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we will also carry out a pioneer program to
find ways to utilize the vast unexploited food
resources of the sea.

The International Development Associa-
tion, which is managed by the World Bank,



has proven an effective means of interna-
tional cooperation to promote economic de-
velopment. Its current resources, however,
will soon be exhausted. Following the suc-
cessful conclusion of negotiations between
the IDA and the developed nations of the
world, I will request authorization for the
United States to pledge its fair share to-
wards an additional contribution to this orga-
nization in ways consistent with our balance
of payments policy. I also intend to propose
legislation which will permit us to join other
members in a replenishment of the Inter-
American Development Bank's Fund for Spe-
cial Operations.

To enable the Export-Import Bank to ful-
fill its role of assisting our export trade,
which is so vital to our balance of payments,
I am recommending that its lending authority
be increased and its life extended for another
five years.



Conclusion

Our Nation is stronger today than ever
before. We need not, indeed we dare not, for-
sake our basic goals of peace, prosperity, and
progress.

• The pursuit of peace is essential for the
continued advancement of our Nation and all
mankind.

• Prosperity and progress will lead us to-
ward a society where all can share in the
bounty of nature and the products of man's
ingenuity and creativity.

At various times in the past, democracies
have been criticized for their seeming in-
ability to make hard choices — for seeking
soft, easy answers to critical problems. This
Nation has proven the doubters wrong time
and again, and will not fall prey to such
weakness now.

We can afford to achieve our goals. Let us
not retreat from the task, no matter how
demanding it may be.

This budget represents a careful balance
of our abundant resources and our awesome
responsibilities. As President, I have weighed
the alternatives and made the hard choices



FEBRUAKY 13, 1967



231



as best I could. The responsibility for simi-
lar action now rests with the Congress. I
urge your support for the goals and programs
embodied in this budget for the coming fiscal
year.

Lyndon B. Johnson

January 24, 1967.



International Affairs and Finance

United States leadership in the world com-
munity requires that our international poli-
cies and programs be responsive to political
and economic change. In a world of awesome
military power, made ever smaller by ad-
vances in transportation and communication,
our efforts to promote world peace and pros-
perity are essential to the security and wel-
fare of America.

Economic and social progress in the less-
developed areas of the world is a major goal
of our foreign policy. However, our economic
aid can provide only a small part of the de-
velopment resources required for this enor-
mous task. The major effort must come from
the countries themselves and our aid must
increasingly support and be conditioned on
these self-help efforts. To this end, new for-
eign assistance legislation will be proposed
which will tie our aid more closely to the
adoption of effective self-help measures by
the recipient nations, particularly in the key
sectors of agriculture, health, and education.

At the same time, we will encourage in-
creased contributions by other nations and
agencies to the development effort, and will
seek to integrate our aid programs more
closely with theirs. In 1968, about 90% of
our development lending (including Alliance
for Progress loans) will be coordinated with
the efforts of the other developed nations
through consortia and other such multilateral
arrangements.

With the elimination of the large U.S. food
surpluses, the Food for Freedom program
will aim at greatly increasing food produc-
tion in the developing nations and more
effectively utilizing our agricultural resources
in the global War on Hunger.



international affairs and finance

[Fiscal years. In millions]





Payments to the


Recom-






public




mended
new obli-


Prosrram or agency








^ational




1966


1967


1968


author-




actual


esti-


esti-


ity for






mate


mate


1968


Administrative Budget










Funds:










Conduct of foreign










affairs :










Department of State


$301


$320


$332


$333


U.S. Arms Control and










Disarmament










Agency


9


9


9


10


Tariff Commission


3


4


4


4


Foreign Claims Settle-










ment Conimls.sion


2


2


1


1


Economic and financial










programs :










Agency for Interna-










tional Development :










Development loans


677


710


695


774


Technical










cooperation


224


196


212


243


Alliance for










Progress


4.59


593


588


543


Supporting










as.sistance


500


604


680


720


Contingencies and










other


280


313


255


251


Subtotal, Agency










for International










Development


2,141


2,415


2,430


2,5.30


Subtotal, Agency










for International










Development, ex-










cluding special










Vietnam.


(l,8.-)9)


(1,882)


(1,884)


(1,980)


International finan-










cial institutions




-336
100
128


212

112

-365


104


Peace Corps


'94
-.385


124


Expoi-t-Import Bank...




Other


14


15


15


13


Food for Freedom.


1,784


1,710


1,799


1,772


Foreign information and










exchange activities:










United States Infor-










mation Agency


167


184


192


194


Department of State


61


58


.56


55


Subtotal, adminis-










trative budget


4,191


4,608


4,797


'.5,142


Subtotal, adminis-










trative budget, ex-










cluding special










Vietnam


(3.909)


(4,075)


(4,251)


(4„592)


Trust Funds


171


111


22! ►


'45






Intragovernmental










transactions and ad-










.instment for net ca.sh










issuances or with-










drawals by interna-










tional financial










instituti(ms (de



Online LibraryUnited States. Dept. of State. Office of Public CoDepartment of State bulletin (Volume v. 56, Jan- Mar 1967) → online text (page 44 of 90)