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2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 1738b Eligibility for benefits under Facility us united_states_code code_section 7 AGRICULTURE 41 FOOD FOR PEACE 1738b 7 U.S.C. § 1738b current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s1738b data/legal/raw/us/code/title-07/usc07.xml 07066a5f735db8277ee2d67af5f5413998928f3a4bf4125e59abec1c7fdecd35 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 a67abae0be43ec426ba8be02df5954b6ba13718a81b871b1ab7f174419c94289 2026-07-04 official
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7 U.S.C. § 1738b - Eligibility for benefits under Facility

Text

(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).

(July 10, 1954, ch. 469, title VI, § 603, as added Pub. L. 101624, title XV, § 1512, Nov. 28, 1990, 104 Stat. 3658; amended Pub. L. 102237, title III, § 302, Dec. 13, 1991, 105 Stat. 1855.)

Notes

Editorial Notes

Amendments1991—Subsec. (a)(3). Pub. L. 102237 inserted hyphen between “Inter” and “American”.

Executive Documents

Delegation of Functions For 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.