Eastern European Economic Recovery Act of 1990

Summary

Eastern European Economic Recovery Act of 1990 - Amends the Bretton Woods Agreement Act to direct the Secretary of the Treasury to instruct the U.S. executive director of the International Bank for Reconstruction and Development to work for the development of a facility to provide loans and economic and technical assistance to the emerging democracies of Eastern Europe. Requires the majority of such lending to be for the private sector. Prohibits the provision of credit to parastatal organizations except for infrastructure projects for roads and bridges. Requires public sector loans to be used primarily to cover transition costs from socialist to free market economies. Conditions the provision of such assistance on progress in guaranteeing specified aspects of market economies.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 22 March 1990

  Open at official source

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