Page 1183 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 5413

creditor governments to adopt, and participate in, a generous and early rescheduling

program for debts owed by the Government

of Poland; and

(B) in coordination with other creditor

governments, shall seek to expedite consultations between the Government of Poland and its major private creditors in order

to facilitate a rescheduling and reduction of

payments due on debt owed to such creditors

in a manner consistent with the international debt policy announced by the Secretary of the Treasury on March 10, 1989.

(3) Agricultural assistance

The United States Government shall provide

agricultural assistance for Poland in accordance with section 5413 of this title.

(Pub. L. 101–179, title I, §101, Nov. 28, 1989, 103

Stat. 1302.)

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in sections 5412, 5413 of this

title.

§ 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

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, notwithstanding any other provision of law, to assist

in the urgent stabilization of the Polish economy 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 economy in Poland.

(2) Authorization of appropriations

For purposes of providing the assistance authorized by this subsection, there are authorized 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 otherwise available for such purposes.

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

Stat. 1303.)

REFERENCES IN TEXT

The Foreign Assistance Act of 1961, referred to in subsec. (c)(2), is Pub. L. 87–195, Sept. 4, 1961, 75 Stat. 424, as

amended. 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.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in sections 5402, 5411, 5471

of this title.

§ 5413. Agricultural assistance

(a) Agricultural assistance strategy

(1) United States assistance

A principal component of the SEED Program shall be the provision by the United

States of food and other agricultural commodities and products to alleviate crucial shortages 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 agricultural surplus countries.

(3) Avoiding disincentives to private agricultural production and marketing

In participating in such multilateral agricultural 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 incentives 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 coordination 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 statedirected controls to a free market economy,

while avoiding disincentives to domestic agricultural production and reform; and