7 U.S.C. § 1738b — Eligibility for benefits under Facility
submitted 72 years ago by Pub. L. 101-624 to r/title-7-AGRICULTURE · 208 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
To be eligible for benefits from the Facility under this subchapter, a country shall—
be a Latin American or Caribbean country;
have in effect or have received approval for, or, as appropriate in exceptional circumstances, be making significant progress towards the establishment of—
an International Monetary Fund (hereafter referred to in this subchapter as the “IMF”) standby arrangement, extended IMF arrangement, or an arrangement under the structural adjustment facility or enhanced structural adjustment facility, or in exceptional circumstances, an IMF-monitored program or its equivalent; and
as appropriate, structural or sectoral adjustment loans from the International Bank for Reconstruction and Development (hereafter referred to in this subchapter as the “World Bank”) or the International Development Association (hereafter referred to in this subchapter as the “IDA”);
have placed into effect major investment reforms in conjunction with an Inter-American Development Bank (hereafter referred to as the “IDB”) loan or otherwise be implementing, or making significant progress towards an open investment regime; and
if appropriate, have agreed with its commercial bank lenders on a satisfactory financing program, including, as appropriate, debt or debt service reduction.
The President shall determine whether a country is an eligible country for purposes of subsection (a).
Source credit: (July 10, 1954, ch. 469, title VI, § 603, as added Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104 Stat. 3658; amended Pub. L. 102–237, title III, § 302, Dec. 13, 1991, 105 Stat. 1855.)
- 1954Enacted · Pub. L. 101-624 · 104 Stat. 3658
- 1991Amended · Pub. L. 102-237 · 105 Stat. 1855
A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-624 on 1954-07-10.
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