
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: 7USC1738b]

 
                          TITLE 7--AGRICULTURE
 
        CHAPTER 41--AGRICULTURAL TRADE DEVELOPMENT AND ASSISTANCE
 
          SUBCHAPTER VI--ENTERPRISE FOR THE AMERICAS INITIATIVE
 
Sec. 1738b. Eligibility for benefits under Facility


(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.

(b) Eligibility determination

    The President shall determine whether a country is an eligible 
country for purposes of subsection (a) of this section.

(July 10, 1954, ch. 469, title VI, Sec. 603, as added Pub. L. 101-624, 
title XV, Sec. 1512, Nov. 28, 1990, 104 Stat. 3658; amended Pub. L. 102-
237, title III, Sec. 302, Dec. 13, 1991, 105 Stat. 1855.)


                               Amendments

    1991--Subsec. (a)(3). Pub. L. 102-237 inserted hyphen between 
``Inter'' and ``American''.

                         Delegation of Functions

    Functions of President under this section delegated to Secretary of 
the Treasury by section 1 of Ex. Ord. No. 12757, Mar. 19, 1991, 56 F.R. 
12107, set out as a note under section 1738 of this title.
