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22 U.S.C. § 286xAssistance to private sector of El Salvador, Nicaragua, and other nations

submitted 81 years ago by Pub. L. 96-389 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 78 words · no verdicts yet

in plain englishAI-generated · not legal advice

It is the sense of Congress that when the IMF and World Bank give loans or other help to any nation — especially El Salvador and Nicaragua — they should support programs that help the private sector stabilize the economy. U.S. representatives at the IMF and World Bank must promote using their assistance to encourage such programs.

It is the sense of Congress that when the IMF ("the Fund") and World Bank ("the Bank") provide loans or other assistance to any nation — particularly El Salvador and Nicaragua — they should encourage programs that help the private sector create conditions that stabilize that nation's economy. United States representatives to the Fund and the Bank must promote using Fund and Bank assistance to encourage these kinds of programs.
the actual law source: uscode.house.gov ↗public domain

It is the sense of the Congress that in providing assistance through loans or other means to any nation, in particular El Salvador and Nicaragua, the Fund and the Bank should encourage programs which assist the private sector to create an environment which will stabilize the economy of the nation; and that the United States representatives to the Fund and the Bank shall promote the use of assistance by the Fund and the Bank to encourage such programs.

Source credit: (July 31, 1945, ch. 339, § 38, as added Pub. L. 96–389, § 8, Oct. 7, 1980, 94 Stat. 1554.)

history & why it existsrecord from the source credit
  • 1945Enacted · Pub. L. 96-389 · 94 Stat. 1554

A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-389 on 1945-07-31.

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