22 USC 5412 - Stabilization assistance for Poland

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

§ 5412.

Stabilization assistance for Poland

(a)

Immediate emergency assistance

To the extent that the ongoing International Monetary Fund review of the Polish economy projects a probable balance of payments shortage for the fourth quarter of 1989, the United States Government, in carrying out paragraph (1) of section 5411(b) of this title—

(1)

should work closely with the European Community and international financial institutions to determine the extent of emergency assistance required by Poland for the fourth quarter of 1989, and

(2)

should consider extending a bridge loan to relieve immediate and urgent balance of payments requirements using the Exchange Stabilization Fund in accordance with paragraph (1)(A) of section 5411(b) of this title.

(b)

Immediate, multilateral response to Poland’s economic stabilization needs

(c)

Additional authority to provide stabilization assistance

(1)

Authority

(2)

Authorization of appropriations

(Pub. L. 101–179, title I, § 102, Nov. 28, 1989, 103 Stat. 1303.)

cite as: 22 USC 5412