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Liam Cosgrave Minister for Foreign Affairs signing an Agreement with USA for use of grant counterpart funds 22-3-1955.A counterpart fund is a technique for turning foreign aid into reserves of domestic currency. They were used by the UNRRA, and the Marshall Plan in the rebuilding of Western Europe after the Second World War, and today remain a common technique for delivering developmental assistance

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723:9811.tif DFA Liam Cosgrave
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Irish Photo Archive
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3543x2670 / 27.1MB
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BOX732
Liam Cosgrave Minister for Foreign Affairs signing an Agreement with USA for use of grant counterpart funds 22-3-1955.A counterpart fund is a technique for turning foreign aid into reserves of domestic currency. They were used by the UNRRA, and the Marshall Plan in the rebuilding of Western Europe after the Second World War, and today remain a common technique for delivering developmental assistance