2017 US Code
Title 7 - Agriculture
Chapter 41 - Food for Peace
Subchapter VI - Enterprise for the Americas Initiative
Sec. 1738b - Eligibility for benefits under Facility
| 7 U.S.C. § 1738b (2017) |
| §1738b. Eligibility for benefits under Facility |
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(a) Requirements
To be eligible for benefits from the Facility under this subchapter, a country shall— (1) be a Latin American or Caribbean country; (2) have in effect or have received approval for, or, as appropriate in exceptional circumstances, be making significant progress towards the establishment of— (A) 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 (B) 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"); (3) 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 (4) 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). |
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(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.) |
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AMENDMENTS
1991—Subsec. (a)(3). Pub. L. 102–237 inserted hyphen between "Inter" and "American". DELEGATION OF FUNCTIONSFor delegation of functions of President under subsec. (b) of this section, see section 1 of Ex. Ord. No. 13345, July 8, 2004, 69 F.R. 41901, set out as a note under section 1738 of this title. |
| United States Code, 2012 Edition, Supplement 5, Title 7 - AGRICULTURE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 7 - AGRICULTURE CHAPTER 41 - FOOD FOR PEACE SUBCHAPTER VI - ENTERPRISE FOR THE AMERICAS INITIATIVE Sec. 1738b - Eligibility for benefits under Facility |
| section 1738b |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 104 Stat. 3658 105 Stat. 1855 |
| Public Law 101-624, Public Law 102-237 |
