Page:United States Statutes at Large Volume 110 Part 1.djvu/773

 PUBLIC LAW 104-107—FEB. 12, 1996 110 STAT. 749 with the country concerning the amount of loans to be sold, reduced, or canceled and their uses for debt-for-equity swaps, debt-for-development swaps, or debt-for-nature swaps. (e) AVAILABILITY OF FUNDS.— The authority provided by subsection (a) may be used only with regard to funds appropriated by this Act under the heading "Debt Restructuring". DRAWDOWN AUTHORITY FOR JORDAN SEC. 572. During fiscal year 1996, the President may direct, for the purposes of part II of the Foreign Assistance Act of 1961, the drawdown for Jordan of defense articles from the stocks of the Department of Defense, defense services of the Department of Defense, and military education and training of up to an aggregate of $100,000,000: Provided, That— (a) within six months of the last drawdown under subsection (a), the President shall submit a report to the Committee on Appropriations identifying the articles, services, training or education provided; (b) section 506(c) of the Foreign Assistance Act of 1961 shall apply to the drawdown authority in this section; and (c) section 632(d) of the Foreign Assistance Act of 1961 shall not apply with respect to drawdowns under this section. LIBERIA SEC. 573. (a) Public Law 102-270 is amended— (1) in subsection (b) by striking "Notwithstanding section 620(q) of the Foreign Assistance Act of 1961 or any other similar provision, the" and inserting "The"; and (2) in subsection (b)(2) by striking "to implement the Yamoussoukro peace accord". (b) Funds appropriated by this Act may be made available for assistance for Liberia notwithstanding section 620(q) of the Foreign Assistance Act of 1961 and section 512 of this Act. ANNUAL REPORT ON ECONOMIC AND SOCIAL GROWTH SEC. 574. (a) REPORTING REQUIREMENT. —The President shall submit to the appropriate congressional committees an annual report providing a concise overview of the prospects for economic and social growth on a broad, equitable, and sustainable basis in the countries receiving economic assistance under title II of this Act. For each country, the report shall discuss the laws, policies and practices of that country that most contribute to or detract from the achievement of this kind of growth. The report should address relevant macroeconomic, microeconomic, social, legal, environmental, and political factors and include criteria regarding wage and price controls. State ownership of production and distribution. State control of financial institutions, trade and foreign investment, capital and profit repatriation, tax and private property protections and a country's commitment to stimulate education, health and human development. (b) COUNTRIES. —The countries referred to in subsection (a) are countries— (1) for which in excess of $5,000,000 has been obligated during the previous fiscal year for assistance under sections 103 through 106, chapters 10 and 11 of part I, and chapter President. Reports. 22 USC 2151 note. President. 22 USC 2394 note.

�