it's not structured as a repayable loan or traditional "line of credit" but as outright grants. However, the vast majority (at least 75%) of the FMF must be spent on purchasing military equipment, services, and training from US companies, which effectively funnels the money back into the American economy and supports tens of thousands of US jobs in the defense sector. https://sgp.fas.org/crs/mideast/RL33222.pdf
This 75% is phasing out too, where eventually it will be 100% by 2028.
it's not structured as a repayable loan or traditional "line of credit" but as outright grants. However, the vast majority (at least 75%) of the FMF must be spent on purchasing military equipment, services, and training from US companies, which effectively funnels the money back into the American economy and supports tens of thousands of US jobs in the defense sector. https://sgp.fas.org/crs/mideast/RL33222.pdf
This 75% is phasing out too, where eventually it will be 100% by 2028.