International records / Foreign Relations of the United States

9. Memorandum From Secretary of State Rusk and Secretary of the Treasury Dillon to President Kennedy

both types of projects; (2) Where dollar financing of local costs is necessary, restricting it to the additional import demand which can be expected to result from the development program in question; (3) Agreements, such as that recently made with Nigeria, requiring the developing country to increase its imports from the U.S. by the full amount of dollar aid received; (4) Financing local costs to the extent possible by a commitment of funds to be drawn upon through the procurement authorization system or some similar device for maximizing U.S. procurement and avoiding an initial transfer of f…