Page:United States Statutes at Large Volume 104 Part 5.djvu/332

 104 STAT. 3654 PUBLIC LAW 101-624—NOV. 28, 1990 financial management of those funds, with reference to personnel requirements to manage these funds. "(b) TITLE II PROGRAM,—Not later than 2 years gifter the date of enactment of this Act, and 2 years thereafter, the Comptroller General of the United States shall select five countries that receive assistance under title II that are representative of all countries in three geographic regions and evaluate the uses of the assistance provided under such title, including an evaluation of the impact of such assistance on enhancing food security in such countries and an evaluation of the use of local currencies for economic development, as well as the financial management of those funds, with reference to personnel requirements to manage these funds. "(c) TITLE III PROGRAM.— Not later than 2 years after the date of enactment of this Act, and 2 years thereafter, the Comptroller General of the United States shall select five countries that receive assistance under title III that are representative of all such countries in three geographic regions and evaluate— "(1) the uses of the commodities provided under such title in such countries; and "(2) the uses of the special account funds established in such countries under title III; with respect to the impact of such uses and funds on enhancing food security, including nutrition, in such countries and the financial management of those funds, with reference to personnel requirements to manage such funds. "(d) REPORT TO CONGRESS. —The Comptroller General of the United States shall prepare and submit, to the Committee on Foreign Affairs and the (Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate, a report concerning the evaluations made under this section. 7 USC 1736e. "SEC. 411. DEBT FORGIVENESS. "(a) AUTHORITY.—The President, taking into account the financial resources of a country, may waive payments of principal and interest that such country would otherwise be required to make to the Commodity Credit Corporation under dollar sales agreements under this title if— "(1) that country is a least developed country; and "(2) either— "(A) an International Monetary Fund standby agreement is in effect with respect to that country; "(B) a structural adjustment program of the International Bank for Reconstruction and Development or of the International Development Association is in effect with respect to that country; "(C) a structural adjustment facility, enhanced structural adjustment facility, or similar supervised arrangement with the International Monetary Fund is in effect with respect to that country; or "(D) even though such an agreement, program, facility, or arrangement is not in effect, the country is pursuing national economic policy reforms that would promote democratic, market-oriented, and long term economic development.

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