TeachMeFinance.com - explain Commodity Import Programs (CIPs)
Commodity Import Programs (CIPs) The term 'Commodity Import Programs (CIPs) ' as it applies to the area of agriculture can be defined as ' The U.S. Agency for International Development uses a small portion of U.S. foreign aid funds to make grants and loans to countries judged important to U.S. foreign policy objectives. These CIPs, by making dollars available, help these countries finance purchases of U.S. commodities (including agricultural commodities) or other inputs needed to meet their development objectives and also provide balance-of-payments support to countries with very limited foreign exchange'.
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