Page:United States Statutes at Large Volume 103 Part 2.djvu/293

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PUBLIC LAW 101-179—NOV. 28, 1989 103 STAT. 1303 (3) AGRICULTURAL ASSISTANCE.— The United States Govern- ment shall provide agricultural assistance for Poland in accord- ance with section 103. SEC. 102. STABILIZATION ASSISTANCE FOR POLAND. 22 USC 5412. (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 1010a)— (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 imme- diate and urgent balance of payments requirements using the Exchange Stabilization Fund in accordance with paragraph ^ (I)(A) of section 101(b). G>) IMMEDIATE, MULTILATERAL RESPONSE TO POLAND'S ECONOMIC STABIUZATION NEEDS.— In furtherance of section lOlO^XD, the Presi- dent, 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 STABIUZATION ASSIST- ANCE. — (1) AUTHORITY. —In order to carry out paragraph (1) of section President of U.S. 101(b), 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 devel- opment, 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 s^; 1961 (22 U.S.C. 2346 and following; relating to the economic support fund), in addition to amounts otherwise available for such purposes. SEC. 103. AGRICULTURAL ASSISTANCE. 22 USC 5413. (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 allevi- ate 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.