The Department of the Treasury has a limited involvement in Africa through the United States’ membership in the African Development Fund (AFDF) which the Treasury oversees. Members of the Fund are seventeen non-regional donor countries and the African Development Bank, representing its forty-five member states. The U.S. joined the Fund in November, 1975 with an initial contribution of $15 million or 4 per cent of $340 million pledged to AFDF as of April, 1977. The Administration has asked Congress to appropriate an additional $10 million in the FY 1978 budget. This figure represents 0.38 per cent of the funds requested by Treasury for international development banks in FY 1978 and 0.033 per cent of the Treasury’s total requested budget.
