Report to the Congress: Social Development Activities in Latin America Promoted by the Inter-American Foundation Fiscal Year 1972

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United States. General Accounting Office, 1973 - Economic assistance, American - 39 pages
 

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Page 1 - June 30, 1970, and the results of its operations and the source and application of its funds for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year and with applicable Federal laws.
Page 16 - Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying financial statements present fairly the financial position of...
Page 21 - The situation described demands, on the one hand, fulfillment of the general commitments contained in the Charter of the Organization of American States and the Economic Agreement of Bogota; in the Act of Bogota, the Charter of Punta del Este, and the Economic and Social Act of Rio de Janeiro; in the Protocol of Buenos Aires and the Declaration of the Presidents of America; and on the other hand it requires a new plan of inter-American and international cooperation for the realization of the aspirations...
Page 20 - ... US Treasury were available to carry out the corporation's authorized programs in FY 1971. The Foreign Assistance and Related Programs Appropriation Act, 1971, established a limitation of $10 million for fiscal year 1971. For fiscal year 1972, an $11 million limitation was submitted. In the future, in accordance with section 104 of the Government Corporation Control Act (31 USC 849), ISDI may continue to obligate up to its authorized ceiling of $50 million. 3. The established cashier imprest fund...
Page 22 - It is designed as a pilot project to bring the dynamism of US and Latin American private groups to bear on development problems through people-to-people programs, and to help broaden the participation of individuals in the processes of development.
Page 21 - Punta del Este, and the Declaration of American Presidents, whose objectives of expanding opportunity for the great majority of people form the very cornerstone of the Alliance for Progress, had not been achieved in any substantial meaningful sense. 3. That, although Alliance for Progress programs operating at the government-to-government level had done an impressive job in promoting industrial and economic growth of Latin America, they had proved much less effective in responding to the requirements...
Page 21 - The intent was to create a pilot project to bring the dynamism of United States and Latin American private groups to bear on development problems through people-to-people programs and to help broaden the participation of persons in the process of development. CHAPTER 2 INITIAL OPERATIONS OF THE INSTITUTE...
Page 1 - GAO's opinion, the financial statements included in this report present fairly the Institute's financial position as of June 30, 1971, and the results of its operations and the source and application of its funds for the year then ended, in conformity with generally accepted accounting principles and with applicable Federal laws. (See p. 7...
Page 19 - The notes on page 20 are an integral part of this statement. NOTES TO FINANCIAL STATEMENTS JUNE 50, 1972 1.
Page 3 - ... provisions of the Government Corporation Control Act (31 USC 841). It is a nonprofit corporation, and it has no capital stock. Its initial operations have been made possible by the transfer of $50 million of the funds appropriated by the Congress for Alliance for Progress development loans. The Institute was created to provide support for developmental activities designed to achieve improved living conditions for persons in the Western Hemisphere. The objectives of the Institute, primarily in...

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