22 U.S.C. § 5412 — Stabilization assistance for Poland

Page 1655 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 5413 (3) Agricultural assistance The United States Government shall provide agricultural assistance for Poland in accord- ance with section 5413 of this title. (Pub. L. 101–179, title I, § 101, Nov. 28, 1989, 103 Stat. 1302.) § 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 short- age 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 insti- tutions 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 para- graph (1)(A) of section 5411(b) of this title. (b) Immediate, multilateral response to Poland’s economic stabilization needs In furtherance of section 5411(b)(1) of this title, the President, acting in coordination with the European Community, should seek to ensure that the industrialized democracies undertake an immediate, multilateral effort to respond to Poland’s request for $1,000,000,000 to support its economic stabilization program. (c) Additional authority to provide stabilization assistance (1) Authority In order to carry out paragraph (1) of section 5411(b) of this title, the President is authorized to furnish assistance for Poland, notwith- standing any other provision of law, to assist in the urgent stabilization of the Polish econ- omy and ultimately to promote longer-term economic growth and stability, based on movement toward free market principles. Such assistance may be provided for balance of payments support (including commodity import programs), support for private sector development, or for other activities to further efforts to develop a free market-oriented econ- omy in Poland. (2) Authorization of appropriations For purposes of providing the assistance au- thorized by this subsection, there are author- ized to be appropriated $200,000,000 for fiscal year 1990 to carry out chapter 4 of part II of the Foreign Assistance Act of 1961 (22 U.S.C. 2346 and following; relating to the economic support fund), in addition to amounts other- wise available for such purposes. (Pub. L. 101–179, title I, § 102, Nov. 28, 1989, 103 Stat. 1303.) Editorial Notes REFERENCES IN TEXT The Foreign Assistance Act of 1961, referred to in sub- sec. (c)(2), is Pub. L. 87–195, Sept. 4, 1961, 75 Stat. 424. Chapter 4 of part II of the Foreign Assistance Act of 1961 is classified to part IV (§ 2346 et seq.) of subchapter II of chapter 32 of this title. For complete classification of this Act to the Code, see Short Title note set out under section 2151 of this title and Tables. § 5413. Agricultural assistance (a) Agricultural assistance strategy (1) United States assistance A principal component of the SEED Pro- gram shall be the provision by the United States of food and other agricultural commod- ities and products to alleviate crucial short- ages that may be created in an East European country by the transition from state-directed controls to a free market economy. (2) Assistance from other countries In order to ensure the necessary quantity and diversity of agricultural assistance for that purpose, the United States shall take all appropriate steps to encourage parallel efforts by the European Community and other agri- cultural surplus countries. (3) Avoiding disincentives to private agricul- tural production and marketing In participating in such multilateral agri- cultural assistance, the United States shall seek to strike a balance wherein agricultural commodities and products are supplied in such quantities as will be effective in overcoming severe shortages and dampening inflation but without impeding the development of incen- tives for private agricultural production and marketing in the recipient country. (b) Agricultural assistance for Poland Pursuant to section 5411(b)(3) of this title, the United States Government— (1) shall make available to Poland, in coordi- nation with the European Community, United States agricultural assistance— (A) to alleviate immediate food shortages (such assistance to be specifically targeted toward elements of the Polish population most vulnerable to hunger and malnutrition, in particular the infirm, the elderly, and children), and (B) to facilitate the transition from state- directed controls to a free market economy, while avoiding disincentives to domestic ag- ricultural production and reform; and (2) in order to ensure the necessary quantity and diversity of such agricultural assistance, shall take all appropriate steps to encourage parallel efforts by the European Community and other agricultural surplus countries. (c) FY 1990 minimum level of agricultural assist- ance for Poland In carrying out subsection (b) of this section, the level of assistance for Poland for fiscal year 1990 under section 1431(b) of title 7, the Food for Peace Act (7 U.S.C. 1691 and following), and sec- tion 1736o of title 7 should not be less than $125,000,000. Such assistance— (1) to the maximum extent practicable, shall be provided through nongovernmental organi- zations; and (2) shall emphasize feed grains.