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Loan Guarantee Plan gains bipartisan House support for Latin America
The House backs a Moss plan to guarantee private loans to low income Latin American groups. A $100 million U.S. guarantee would cover 25 percent of loans, leveraging about $400 million in private lending with an estimated $5 million cost to the U.S. for defaults. The program targets wells, farms, schools, roads, seed, training, and health facilities.
MENTIONED IN THIS ARTICLE
S. America
House
Washington
House of Representatives
Latin America
John E. Moss
D-Calif
United States
U.S
Moss
Alliance For Progress
Pan-American Development Foundation
Development Foundation
Congress