International Development Cooperation Act

[AI summary unavailable — showing source text] International Development Cooperation Act - Chapter I: Policy - Sets forth the United States' development assistance goals. Establishes the International Development Cooperation Administration (IDCA) to achieve such goals. Chapter II: Bilateral Development Assistance. Title XI: Grant and Loan Assistance - Sets forth the United States bilateral development policy. Authorizes the Administrator of IDCA to furnish agricultural, rural development, and nutrition assistance. Declares that such assistance shall be primarily used for activities which increase the productivity or income of the rural poor. Requires, in the allocation of such funds, that special attention be given to increasing agricultural production in "food priority countries" or "relatively least developed countries." Encourages the Administrator of IDCA to take certain actions to improve the nutritional benefits accruing from such assistance. Requires the Administrator to consider the impact on development policies of commodity sales under the Agricultural Trade Development and Assistance Act of 1954. Declares that local currency proceeds from such commodity sales which are owned by foreign governments shall be used whene…