US economic aid to Africa, 1950-64

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Periodical article

Title:	US economic aid to Africa, 1950-64
Year:	1964
Periodical:	Africa Report
Volume:	9
Issue:	11
Pages:	8-12
Language:	English
Geographic terms:	Africa United States
Subject:	economic aid
Abstract:	Since United States economic assistance to Africa began in the 1950's, the continent has received a total of 2.7 billion under projects ranging from disaster relief to longterm development loans. Since 1961, when the Agency for International Development (AID) was created, the assistance has been related more closely to American foreign policy objectives. The assistance policy in Africa should only supplement, not replace the assistance from the former colonial powers. The following principles govern all U.S. assistance programs. The AID assistance should serve development rather than political purposes. 2. The Africa governments should be encouraged to produce realistic national development plans. 3. The AID programs are geared to vigorous self-help efforts by local governments. 4. In view of the U.S. balance of payments it is the AID -rolicy to spend dollars for American goods and services consistent with foreign assistance objectives. 5. AID prefers to fund capital assistance-projects through loans repayable in dollars. 6. AID often cooperates with other U.S. agencies and private institutions in joint projects, AID promoting participation by private enterprise, 8. AID is placing increasing emphasis on regional assisrance. Figures and two tables.