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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