Western European and Pacific Rim countries have been providing enormous resources to busi. nesses in their countries for years. The United States must be engaged In the world if we are to compete with them economically. The budget also provides for major new Ini. tiatives in Africa. $250 million. the Caribbean. $150 million. and Nicaragua. $200 million. It fully funds all commitments to the Philippines. The resolution also provides for a $220 million c.untemarcotics initiative for the Andes countries. and boosts refugee funding by $41 million. Finally. It makes no reduction In the level of aid for Israel and Egypt. and provides for $400 million In credit authority for housing loans guarantees for Israel.