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U.S. Development Efforts and Balance-of-Payments Problems in Developing Countries

ID-83-13 Published: Feb 14, 1983. Publicly Released: Feb 14, 1983.
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Highlights

GAO reviewed U.S. programs designed to assist countries with balance-of-payments problems focusing on: (1) what the United States can contribute to easing the pressures of developing countries' debt burdens while ensuring the most effective and efficient use of limited resources; and (2) what relationship debt rescheduling has to a U.S. bilateral program in the rescheduling country.

Recommendations

Recommendations for Executive Action

Agency Affected Recommendation Status
U.S. Agency for International Development The Administrator of AID should direct AID missions to develop an action plan for AID to consider, when they determine that a country's balance-of-payments situation is deteriorating to the point of affecting the AID ongoing development assistance effort, taking into account all factors which restrict the agency's role. The plan could include an assessment of whether the AID ongoing projects continue to be appropriate, how they relate to other donor activities, whether the country is following appropriate economic policies, and an estimate of the country's resource needs.
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

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Topics

Balance of paymentsDebtDeficit financingDeveloping countriesEconomic analysisForeign economic assistanceLoan repaymentsPlanningForeign debtBreach of contract