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NSIAD-84-75 1 (1984-04-25)

handle is hein.gao/gaobabemv0001 and id is 1 raw text is: 



BY THE U.S. GENERAL ACCOUNTING OFFICE



Report To The Administrator

Agency For Interrinan





AID's Management ,0x,:le

Housing Guaranty Program





Worldwide economic conditions have ad-
versely affected operations of AID's Housing
Guaranty program. Some countries have
been consistently in arrears on their loans
and some have stopped particlpating in the
program due to economic problems. The
debt reschedulings of developing countries
threaten the liquidity of the program's
reserve fund. U.S. government contingent
liabilities for Housing Guaranty loans ex-
ceed $1 billion while reserve fund asets
have declined to about $20 million.
Loans should be programmed with more
care to protoct the U.S. governnoent from
conti0           melaims, and ,A0 rec-
o=#wLt A hoinitlh risk analysis be
mrn 1r esoh proposed loan, no loans be
dto any ountry whre U.S. gov-
or#mm contingeMn liability mceeds the
reev fund, and loans not 0e exempted
from host-cbuntry debt reetKedulings.

               I Ill~~~~~1111 ll0 l~llI lllififll


                                                            124017


                                                          GAO/NM#AO.4-75
                                                            APftL IS. 1934

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