Foreign Military Financing (FMF)
From Knowledge base
Contents |
Purpose[1]
The Arms Export Control Act (AECA) authorizes the President to finance procurement of defense articles and services for foreign countries and international organizations.
FMF enables eligible partner nations to purchase U.S. defense articles, services, and training through either FMS or , for a limited number of countries, through Direct Commercial Contracts (DCC) channels.
Who
Secretary of State determines which countries will have programs. Secretary of Defense executes the program.
Funding
FMF is a source of financing and may be provided to a partner nation on either a grant (non-repayable) or direct loan basis.
Foreign Military Financing Guidelines
http://www.dsca.mil/programs/foreign-military-financing-direct-commercial-contracts-fmf-dcc
