Defense Trade: Status of the Defense Export Loan Guarantee Program
NSIAD-99-30
Published: Dec 21, 1998. Publicly Released: Jan 13, 1999.
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Highlights
Pursuant to a congressional request, GAO reviewed the Department of Defense's (DOD) Defense Export Loan Guarantee (DELG) Program, focusing on: (1) the level of program activity to date; (2) the program's financial status; (3) other sources of financing available to borrowing countries; (4) comparing DELG Program characteristics with other U.S. government export financing programs; and (5) examining issues related to the planned fiscal year 1999 transfer of DELG Program responsibilities within DOD.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Department of Defense | The Secretary of Defense should ensure that the required report to Congress provides a cost-benefit analysis of the DELG program. |
Closed – Not Implemented
The DELG program is inactive and no loans have been issued since the report was published. DOD has not proposed any legislative changes or taken any actions to make the program viable.
|
| Department of Defense | The Secretary of Defense should clarify responsibility for staffing, managing, and providing resources for the program. |
Closed – Not Implemented
The DELG program is inactive and no loans have been issued since the report was published. DOD has not proposed any legislative changes or taken action to make the program viable.
|
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Topics
Comparative analysisExportingForeign governmentsForeign loansForeign military assistanceForeign military salesForeign trade policiesGovernment guaranteed loansInternational economic relationsLoan guarantees