Accession Number:

ADA370095

Title:

Israeli Use of Offshore Procurement Funds

Descriptive Note:

Audit rept.,

Corporate Author:

INSPECTOR GENERAL DEPT OF DEFENSE ARLINGTON VA

Report Date:

1996-11-22

Pagination or Media Count:

42.0

Abstract:

Introduction. Foreign military financing FMF is a program to carry out the provisions of Public law 90-629, Arms Export Control Act, section 23, Credit Sales. The FMF program is a program of nonrepayable grants and of repayable and nonrepayable loans and credits to enable U.S. Allies to improve their defense capabilities through the acquisition of Defense articles and services. Each year since 1988, Congress has appropriated 1.8 billion for Israel as nonrepayable FMF grants, which it uses to procure Defense articles and services through direct commercial contracts with U.S. contractors foreign military sales that are government to government agreements and procurements in Israel, commonly referred to as offshore procurements. Each year since FY 1991, 475 million of the 1.8 billion annual FMF rants has been designated for offshore procurements, specifically, not less than 475 million shall be available for the OFFSHORE procurement in Israel. .

Subject Categories:

  • Administration and Management

Distribution Statement:

APPROVED FOR PUBLIC RELEASE