22 U.S.C. § 262p-4g : US Code - Section 262P-4G: Directives regarding government-owned enterprises in countries receiving IADB loans

Search 22 U.S.C. § 262p-4g : US Code - Section 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.