Central America Aid:
Status of the Trade Credit Insurance Program
NSIAD-86-29FS: Published: Dec 31, 1985. Publicly Released: Dec 31, 1985.
Additional Materials:
- Full Report:
Contact:
GAO reported on the use, control, and funding of the Trade Credit Insurance Program, which the Agency for International Development (AID) and the Export-Import Bank (Eximbank) jointly administer to guarantee repayment of U.S. commercial credit to finance Central American imports of U.S. goods and services.
GAO found that: (1) as of December 1985, less than 9 percent of the $300 million credit-guarantee ceiling established for the program had been committed; (2) AID and Eximbank attributed the limited program use to start-up difficulties, bank procedures, limited demand, and private-sector reluctance to incur the debt; (3) AID and Eximbank only had data on the specific products imported under the program in Honduras; (4) in Honduras, most of the items imported were being used to produce goods for domestic consumption, but some were ineligible consumer goods; (5) AID has relied on host-country central banks to control the program's use and has sought to avoid complex procedures which could impede program implementation; (6) although AID designed the program to be self-sustaining, it set aside $60 million in fiscal year (FY) 1985 for a bad-debt reserve but reprogrammed $50 million for other purposes; and (7) for FY 1986, AID requested $40 million for the bad-debt reserve, but planned to reprogram a portion of the amount for other purposes late in FY 1986. GAO has not reached any conclusions about the need for reserve program funds.
Feb 8, 2021
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Venezuela:
Additional Tracking Could Aid Treasury's Efforts to Mitigate Any Adverse Impacts U.S. Sanctions Might Have on Humanitarian AssistanceGAO-21-239: Published: Feb 4, 2021. Publicly Released: Feb 8, 2021.
Jan 28, 2021
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Cyber Diplomacy:
State Should Use Data and Evidence to Justify Its Proposal for a New Bureau of Cyberspace Security and Emerging TechnologiesGAO-21-266R: Published: Jan 28, 2021. Publicly Released: Jan 28, 2021.
Jan 27, 2021
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Afghanistan Reconstruction:
GAO Work since 2002 Shows Systemic Internal Control Weaknesses that Increased the Risk of Waste, Fraud, and AbuseGAO-21-32R: Published: Jan 27, 2021. Publicly Released: Jan 27, 2021.
Dec 9, 2020
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International Trade:
Observations On Whether Women's Rights and Economic Interests Are Protected or Promoted by U.S. Trade Preference ProgramsGAO-21-190: Published: Dec 9, 2020. Publicly Released: Dec 9, 2020.
Dec 2, 2020
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Foreign Assistance:
USAID Should Analyze Data on the Timeliness of ExpendituresGAO-21-51: Published: Dec 2, 2020. Publicly Released: Dec 2, 2020.
Nov 19, 2020
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Global Food Security:
Information on Spending and Types of Assistance Provided by the United States and Other DonorsGAO-21-47R: Published: Nov 19, 2020. Publicly Released: Nov 19, 2020.
Nov 9, 2020
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Human Trafficking:
Agencies Have Taken Steps to Strengthen International Anti-trafficking ProjectsGAO-21-53: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020. -
Rule of Law Assistance:
State and USAID Could Improve Monitoring EffortsGAO-21-14: Published: Nov 9, 2020. Publicly Released: Nov 9, 2020.
Oct 27, 2020
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Forced Labor Imports:
DHS Increased Resources and Enforcement Efforts, but Needs to Improve Workforce Planning and MonitoringGAO-21-106: Published: Oct 27, 2020. Publicly Released: Oct 27, 2020.
Oct 2, 2020
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Combating Wildlife Trafficking:
Agencies Work to Address Human Rights Abuse Allegations in Overseas Conservation ProgramsGAO-21-139R: Published: Oct 2, 2020. Publicly Released: Oct 2, 2020.
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