U.S Code last checked for updates: May 04, 2024
§ 9612.
United States International Development Finance Corporation
(a)
Establishment
(b)
Purpose
(c)
Less developed country focus
(1)
In general
(2)
Support in upper-middle-income countries
The Corporation shall restrict the provision of support under subchapter II of this chapter in a less developed country with an upper-middle-income economy unless—
(A)
the President certifies to the appropriate congressional committees that such support furthers the national economic or foreign policy interests of the United States; and
(B)
such support is designed to produce significant developmental outcomes or provide developmental benefits to the poorest population of that country.
(Pub. L. 115–254, div. F, title I, § 1412, Oct. 5, 2018, 132 Stat. 3486.)
cite as: 22 USC 9612