22 USC 9612 - United States International Development Finance Corporation

U.S Code last checked for updates: Nov 22, 2024

§ 9612.

United States International Development Finance Corporation

(a)

Establishment

(b)

Purpose

(c)

Less developed country focus

(1)

In general

(2)

Support in upper-middle-income countries

The Corporation shall restrict the provision of support under subchapter II of this chapter in a less developed country with an upper-middle-income economy unless—

(A)

the President certifies to the appropriate congressional committees that such support furthers the national economic or foreign policy interests of the United States; and

(B)

such support is designed to produce significant developmental outcomes or provide developmental benefits to the poorest population of that country.

(Pub. L. 115–254, div. F, title I, § 1412, Oct. 5, 2018, 132 Stat. 3486.)

cite as: 22 USC 9612