-
derivative filename/jpeg
-
363-07635 to 363-07638.pdf
-
Digital Object Identifier
-
363-07635 to 363-07638
-
Title
-
Article about the United Sates Agency for International Development (USAID)
-
Description
-
Original title: "funds", Keever's title: "America's largest US Economic Aid Mission in South Vietnam needs money", article about the United States Agency for International Development (AID) in Vietnam and its financial issues, for the New York Herald Tribune
-
AI Usage Disclosure
-
Draft transcripts were automatically generated via Google Document AI and are currently under review. Please report significant errors to Archives & Special Collections at archives@unl.edu.
-
Transcript
-
--------------------
- Page 1
--------------------
deepe
funds--page 1
march 8, 1966
SAIGON--The United States Agency for International
Development (A. I. D.) in Vietnam-the largest in the world-
is broke.
But, the economic mission continues to fight
"the other war" by "continuous borrowing" of up to $150 million
from the American government's economic funds allocated to
other countries. The idle funds in the current budgets of
other countries--primarily Laos, Korea and Thailand--are
being shifed here to support the social and economic programs
of the Vietnam war, according to highly reliable sources.
The "paying back" of these borrowed funds from
the world-wide USAID budget hinges on the $415 million
supplemental foreign aid bill,
discussed in Congress.
Congress,
which is currently being
"If that supplemental bill isn't passed by
USAID is in real trouble out here," according to
a highly reliable source.
(Hore)
--------------------
- Page 2
--------------------
deepe
funds-page 2
march 8, 1966
for VETNA
of the $415 million applomt supplemental aid Pouil bifi,
$150 million will be used to "pay back" money borrowed from allocations
for other countries and the remainder of $265 will be used to continue
USAID program supporting the Vietnamese government through the end
of the current fiscal year, ending June 30 of this year.
In addition to "borrowing"
money from other countries,
USAID in Vietnam is also using an unspecified amount of Presidential
contingency funds, plus additional grants to the Vietnamese government.
A $5 milliom (repeat five million dollar)
by Congress,
appropriation
earmarked for a special three-province project of
low-cost rural electrification, has already been diverted to meet
the local USAID payroll, according to reliable sources.
"The funds are just trickling in for that rural electrification
project President Johnson has been pushing since last year," one
source explained.
(More)
--------------------
- Page 3
--------------------
deepe
funds-page 3
march 8, 1966
The bookkeeping arrangements being made with the world-wide
USAID budget in Washington has permitted the economic mission
here to rea meet readily its commitments to the Vietnamese govemment
government. Roughly $25 million was released to the Vietname se
government last month for the commercial import program and more
is scheduled to be released in the future.
"We don't care who they steal the money from," one reliable
source explained. "We are borrowing money from the funds of other
countries that they won't spend until later this (fiscal) year,
Theon These countries will be paid back when Congress passes
the supplemental bill. These countries don't need that money until
later this (fiscal) year and so we aren't hurting their the
American commitments w elsewhere in the world."
(More)
--------------------
- Page 4
--------------------
deepe
funds page 4
march 8 1966
The economic mission here began the current fiscal year
on July 1, 1965, with $300 million plus an additional $80 milliom
SHATTERING
But, with the increase
in PL 480 farm surplus materials.
of inflationary effects of the American military build-up
to 215,000 men, USAID
officials here quickly put in their
request for more money-in fact, almost double their original
allocations.
Hotel
The increase of up to $600 millions calculated $700 millions
came mainly in the commercial import program. Through American or
American-financed imports,, the Vietnamese government hopes to cut
the current skyrocketing of inflation as well as to generate
nearly 20 billion piastres im local currency to meet their record-high
55 billion piastre (US$ 460 million) budget. Increased spending
for the American-backed pacification program in the rural provinces-
approved at the Honolulu Conference last month--is also expected..
The USAID budget for Vietnam for fiscal year 1967, beginning
July 1 of this year, is expected to remain constant, out the who
-
Date
-
1966, Mar. 8
-
Subject
-
Vietnam War, 1961-1975; USAID/Vietnam; Economic assistance; Psychological warfare
-
Location
-
Saigon, South Vietnam
-
Coordinates
-
10.8231; 106.6311
-
Size
-
20 x 26 cm
-
Container
-
B188, F3
-
Format
-
dispatches
-
Collection Number
-
MS 363
-
Collection Title
-
Beverly Deepe Keever, Journalism Papers
-
Creator
-
Keever, Beverly Deepe
-
Collector
-
Keever, Beverly Deepe
-
Copyright Information
-
These images are for educational use only. To inquire about usage or publication, please contact Archives & Special Collections.
-
Publisher
-
Archives & Special Collections, University of Nebraska-Lincoln Libraries
-
Language
-
English
