Senate Group Urges Further Aid Cut in New Program
A senate foreign aid committee report urges lowering the 3.8 billion dollar program and shifting development aid to repayable loans. It endorses continued technical assistance, supports an economic development loan fund with initial cost of 500 million, and calls for strong private capital flow while coordinating foreign activities and annual reviews. Francis Wyatt appears as a VOICE OF FIRESTONE program note at 6:40 on Channel 9.