Financial Management of Loan Guarantee Programs

Functional Series 600 – Budget and Finance

Full Revision Date: 10/20/2022
Responsible Office: M/CFO/FPS
File Name: 623_102022


Credit programs are an important part of development assistance. USAID can make loans or issue loan guarantees for any development purpose in Part 1 of the Foreign Assistance Act. Credit programs available to USAID are often used to leverage private funds for development purposes. Because the true costs of these programs are significant, the actual and expected costs of USAID credit programs must be recognized fully in both budgeting and financial reporting.