Page:United States Statutes at Large Volume 103 Part 2.djvu/290

 103 STAT. 1300 PUBLIC LAW 101-179—NOV. 28, 1989 (G) tax policies which provide incentives for economic activity and investment, (H) establishment of rights to own and operate private ^, banks and other financial service firms, as well as unre- stricted access to private sources of credit, and (I) access to a market for stocks, bonds, and other in- struments through which individuals may invest in the «^i '' private sector; and (3) not to contribute any substantial benefit— (A) to Communist or other political parties or organiza- tions which are not committed to respect for the democratic process, or (B) to the defense or security forces of any member country of the Warsaw Pact. (c) SEED ACTIONS. —Assistance and other activities under the SEED Program (which may be referred to as "SEED Actions") shall include activities such as the following: (1) LEADERSHIP IN THE WORLD BANK AND INTERNATIONAL MONE- TARY FUND. —United States leadership in supporting— (A) loans by the International Bank for Reconstruction and Development and its affiliated institutions in the World Bank group that are designed to modernize industry, agriculture, and infrastructure, and (B) International Monetary-Fund programs designed to stimulate sound economic growth. (2) CURRENCY STABILIZATION LOANS.—United States leadership in supporting multilateral agreement to provide government-to- government loans for currency stabilization where such loans can reduce inflation and thereby foster conditions necessary for the effective implementation of economic reforms. (3) DEBT REDUCTION AND RESCHEDULING.— Participation in multilateral activities aimed at reducing and rescheduling a country's international debt, when reduction and deferral of debt payments can assist the process of political and economic transition. (4) AGRICULTURAL ASSISTANCE. — Assistance through the grant and concessional sale of food and other agricultural commod- ities and products when such assistance can eeuse critical short- ages but not inhibit agricultural production and marketing in the recipient country. (5) ENTERPRISE FUNDS. —Grants to support private, nonprofit "Enterprise Funds", designated by the President pursuant to law and governed by a Board of Directors, which undertake loans, grants, equity investments, feasibility studies, technical assistance, training, and other forms of assistance to private enterprise activities in the Eastern European country for which the Enterprise Fund so is designated. (6) LABOR MARKET-ORIENTED TECHNICAL ASSISTANCE. — Tech- nical £U3sistance programs directed at promoting labor market reforms and facilitating economic adjustment. (7) TECHNICAL TRAINING.— Programs to provide technical skills to assist in the development of a market economy. (8) PEACE CORPS. — Establishment of Peace Corps programs. (9) SUPPORT FOR INDIGENOUS CREDFT UNIONS.—Support for the establishment of indigenous credit unions. (10) GENERAUZED SYSTEM OF PREFERENCES. — El ig ibility for trade benefits under the Generalized System of Preferences.

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