22 U.S.C. § 5411 — Multilateral support for structural adjustment in Poland and Hungary

(a) Multilateral assistance for Poland and Hungary.
(1) As long as Poland and Hungary continue moving toward pluralism and democracy and develop and carry out broad economic-reform programs, the United States Government must lead efforts to mobilize international financial institutions^*, especially the International Monetary Fund and the International Bank for Reconstruction and Development and its World Bank affiliates, to provide timely and suitable resources to help them.
(2) To advance paragraph (1), the Secretary of the Treasury must direct the United States Executive Director of the International Bank for Reconstruction and Development to urge the Bank to approve and disburse quickly a structural-adjustment loan to Poland in a suitable amount and in time to help carry out major economic reforms planned for early 1990, including ending energy, export, and agricultural subsidies and wage indexation.

(b) Assistance for Poland. As long as Poland continues toward pluralism and democracy and develops and carries out broad economic reforms, the United States Government must do the following.
(1) Stabilization assistance. With other OECD member governments and international financial institutions, including the IMF, it must support Poland’s plan to fight hyperinflation and other structural economic problems, address urgent social problems, carry out broad economic reform, and meet immediate balance-of-payments needs. It may use mechanisms such as (A) the Exchange Stabilization Fund under section 5302 of title 31 and Treasury policies and procedures, and (B) the authority in section 5412(c).
(2) Debt relief. (A) The United States must urge all Paris Club creditor governments and other creditor governments to adopt and join a generous, early rescheduling program for Poland’s government debt. (B) With other creditor governments, it must seek faster consultations between Poland and its major private creditors to reschedule and reduce payments on debt owed to those creditors consistently with the Treasury Secretary’s international debt policy announced March 10, 1989.
(3) Agricultural assistance. The United States Government must provide Poland agricultural assistance under section 5413. This section does not define “pluralism,” “comprehensive economic reform,” “Paris Club,” or “balance of payments.”