Foreign Assistance and Related Agencies Appropriations for 1979: United States subsidy of foreign steel producers

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Page 83 - ADAIB, US REPRESENTATIVE F"ROM THE STATB OF INDIANA Mr. Chairman : I wish to thank you and the members of this Subcommittee for the privilege of speaking in behalf of HR-1207 and urging your prompt consideration of this important proposal. I cannot recommend too strongly the immediate approval of this bill so it can be brought before the House for a vote. It is Inconceivable, in one sense, that a bill...
Page 41 - Investment in the Community: Coalmining and Iron and Steel Industries. Report on the 1977 Survey.
Page 46 - OPIC is mandated to mobilize and facilitate the participation of US private capital and skills in the economic and social development of developing countries and emerging economies.
Page 48 - US investors— large and small—with political risk insurance and financial assistance to support their investments in these countries. OPIC programs are extended to new projects or for the expansion of existing projects which are financially sound. All projects OPIC supports must assist in the social and economic development of the host country, and must be consistent with the economic and foreign policy interests of the United States.
Page 48 - OPIC's investment guaranty program, its direct investment fund, and its preinvestment assistance program. The investment guaranty program protects US lenders against loss from commercial and political risks by providing for repayment of principal and interest on loans made to eligible borrowers. The direct investment fund offers direct dollar lending with varying interest rates depending on OPIC's assessment of the risk and its opportunity to share in the profits of the project.
Page 56 - Your point is then it is going to be done and we might as well make money out of it ? Mr. MOORE. Might as well have jobs available in the United States, yes. Mr. LOXG. This reminds me of Lenin's statement, which I think he got from Karl Marx, that if capitalism were about to be hanged, it would put in a bid to supply the rope to do the job. With this difference now, of course, as times change, they would now be able to get a government subsidy to cover the costs of production of the rope. Mr. MOORE....
Page 6 - Jr. President and Chairman Export-Import Bank of the United States before the Subcommittee on Foreign Operations of the House Appropriations Committee Tuesday, April 1, 1980 Mr.
Page 4 - SUMMARY OF STUDY POST WORLD WAR II US AID FOR FOREIGN STEELMAKINO CAPACITY Since 1945, over $4.5 billion in US bilateral and multilateral foreign assistance has been used to develop steel-making capacity in 46 nations. Eleven nations; have received the bulk of the help- $3.86 billion, or 85 percent of the total aid. These loans and guarantees have been provided through four multilateral and three bilateral assistance agencies : [Dollars In millions] Bilateral : Export-Import Bank of the US $2, 356....
Page 48 - OPIC programs are extended to new projects or for the expansion of existing projects which are financially sound. All projects OPIC supports must assist in the social and economic development of the host country, and must be consistent with the economic and foreign policy interests of the United States. The nations which make up the world of OPIC, and the availability of OPIC programs in each, are listed inside this brochure.