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Annex 3 . 



WORLD 



PERSPECTIVES, 



INC 



900 1 7th Street, N.W., Suite 508 Tel: (202) 785-3345 Tlx: 89490 WPI NEWS 



Washington. DC. 20006 Fax: (202) 659-689 1 



AN APPROACH TO SOVIET AGRICULTURAL ASSISTANCE 



By Carol L. Brook Ins. President 



World Perspectives. Inc. 



Washington. D.C. 



INTERMEDIATE CREDIT ASSISTANCE 



Intermediate credits were authorized under the 1985 Food Security 

 Act to serve as a transitional program for countries that had 

 graduated from long-term food aid to coamerclal credits, but 

 could utilize a longer repayment period than 3 years. 



The 1985 law stated that Intermediate term credit financing or 

 guarantees may be available for the following uses: 



— *to establish reserve stocks consistent with International 

 coanodlty agreements or other stock building plans acceptable to 

 the United States; 



— the export sale of breeding animals (Including, but not limited 

 to. cattle, swine, sheep and poultry) Including the cost of 

 freight from the United States to designated points of entry In 

 other nations: 



— where determined feasible, for the establishment of facilities 

 In the Importing nation to Improve handling, marketing, 

 processing, storage, or distribution of Imported agricultural 

 comnodltles (through the use of local currency generated from the 

 Import and sale of United States agricultural coomod I t I es to 

 finance all or part of such facilities); 



— to meet canpetitlon for agricultural export sales; 



— to finance importation of agricultural commodities by 

 developing nations for use in meeting their food and fiber needs; 

 and 



^-otherwise to promote the export sales of agricultural 

 ■ties.' 



The 1990 law does not include this detailed language, but those 

 who wrote the provisions only Intended to simplify the program 

 requirements; they did not Intend their less specific terminology 

 to exclude the above program uses. 



