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U.S. Code as of:
01/19/04
Section 2151y. Accelerated loan repayments; annual review of countries with bilateral concessional loan balances; priority of determinations respecting negotiations with countries having balances; criteria for determinations
The Administrator of the agency primarily responsible for
administering subchapter I of this chapter shall conduct an annual
review of bilateral concessional loan balances and shall determine
and identify those countries whose financial resources make
possible accelerated loan repayments. In particular, European
countries that were recipients of concessional loans by predecessor
agencies to the agency primarily responsible for administering
subchapter I of this chapter shall be contacted to negotiate
accelerated repayments. The criteria used by the Administrator in
making these determinations shall be established in conjunction
with the Committee on Foreign Affairs of the House of
Representatives and the Committee on Foreign Relations of the
Senate.
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