
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC262p-4g]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
Sec. 262p-4g. Directives regarding government-owned enterprises 
        in countries receiving IADB loans
        

(a) Finding

    The Congress finds that a principal focus of United States 
Government policy in the multilateral development banks has been and 
should be to foster greater development of the private sector in member 
borrowing countries of such banks.

(b) Technical assistance to transform government-owned enterprises into 
        privately owned enterprises

    In order to assist and strengthen the advancement of ongoing efforts 
to have the Inter-American Development Bank play a key role in building 
a viable private sector in member borrowing countries of such bank, and 
to further assist such bank in its determination to facilitate the 
transfer of government-owned enterprises in such countries to private 
ownership, the Secretary of the Treasury shall instruct the United 
States Executive Director of such bank to vigorously encourage the 
provision of technical assistance to such countries to transform 
enterprises owned, in whole or in part, by the governments of such 
countries into privately owned, self-sufficient enterprises. Such 
technical assistance may involve the valuation of the assets of such 
government-owned enterprises, the assessment of tender offers, and the 
creation or strengthening of market-based mechanisms to facilitate such 
a transfer of ownership.

(Pub. L. 95-118, title XVI, Sec. 1612, as added Pub. L. 101-240, title 
II, Sec. 206, Dec. 19, 1989, 103 Stat. 2499.)


                            Prior Provisions

    A prior section 1612 of Pub. L. 95-118 was renumbered section 1622 
and is classified to section 262p-5 of this title.


                               Definitions

    The definitions in section 262p-5 of this title apply to this 
section.

                  Section Referred to in Other Sections

    This section is referred to in section 262r of this title.
