Word: ica
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Dates: during 1950-1959
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...suggestions included "raising our sights" in pouring more needed capital into the uncommitted areas; improving inflexible ICA administrative procedures; upgrading technical and educational training through the ICA and UN; and reducing trade barriers...
...points recommended by the Administration was accepted intact. Total aid was cut from 4.3 billion to 3.4 billion. The proposed loan fund of 2 billion over a three year period received only 300 million this year with no guarantee of any future addition. As a result, the ICA's long range development plans were crippled. Congress thus displayed disregard for the advice of the Fairless and Johnston committees which urged the importance of giving the ICA greater leeway in terms of time limits for aid programs, and in regard to giving the ICA experts greater ability to determine for themselves...
...Committee for Economic Development and the National Planning Association, fought hard to get the fund established. But the attack on Hollister was a sharp reminder that the fight is far from over. Even harder fighting will be required to make the law effective. Hollister's successor at the ICA, James Smith, 47, onetime Pan American World Airways vice president, is well aware of the problems ahead-and the objectives. Said he: "We must undertake to help other countries become of age and attain economic growth. And by help I do not mean giveaways. I mean that same kind...
That had to be done in careful detail by a team of second-echelon ICA and Defense Department foreign-aid experts. Some of the "surplus" could be accounted for by the fact that Passman & Co. had engaged in such statistical antics as counting a $667 million item not once but twice in arriving at their final figure. Most of the $9.5 billion has been firmly committed to the foreign-aid pipeline. Example: the U.S. has about $3.7 billion in unexpended but obligated funds for arms for its allies. But such items as tanks and planes require about two years between...
...International Cooperation Administration, thoroughly agree that increased foreign investment would help reduce the need for Government economic assistance abroad, have for some time been taking steps to encourage the flow of private investment. Essentially, the steps are: 1) the Investment Guaranty Program through which, in essence, ICA issues insurance policies to new capital going overseas, guaranteeing them against expropriation, guaranteeing convertibility of profits and the original investment into dollars, and guaranteeing against war risk; 2) further, ICA has worked with different governments to reorganize their tax structures, etc. in order to further encourage incoming foreign investment; 3) ICA has adopted...