7 U.S.C. § 1738b : US Code - Section 1738B: Eligibility for benefits under Facility

Search 7 U.S.C. § 1738b : US Code - Section 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.