Federal Register: December 21, 2006 (Volume 71, Number 245)
DOCID: FR Doc E6-21874
DEPARTMENT OF STATE
State Department
DOCUMENT ID: [Public Notice 5650]
NOTICE: NOTICES
ACTION: Foreign Operations, Export Financing, and Related Program Appropriations Act:
SUBJECT CATEGORY:
Determination on U.S. Position on Proposed European Bank for Reconstruction and Development (EBRD) Projects Including Serbia and Bosnia and Herzegovina
DOCUMENT SUMMARY:
Pursuant to section 561 of the Foreign Operations, Export Financing, and Related Programs Appropriations Act,
[[Page 76718]]
2006 (Pub. L. 109102) (FOAA), and Department of State Delegation of
Authority Number 289, I hereby determine that the four proposed EBRD
projects will contribute to a stronger and more integrated economy in
the Balkans and thus directly support implementation of the Dayton
Accords. I therefore waive the application of Section 561 of the FOAA
to the extent that provision would otherwise prevent the U.S. Executive
Directors of the EBRD from voting in favor of these projects. The four
projects are: A loan to HVB Banka Serbia; an equity investment in
Syntaxis Mezzanine Fund I; an equity investment in South Eastern Energy
Capital; and a loan to Danube Group Holding of Serbia with an equity investment in JKR Natural Resource B.V.
This Determination shall be reported to the Congress and published in the Federal Register.
Dated: December 5, 2006.
Daniel Fried,
Assistant Secretary of State for European and Eurasian Affairs, Department of State.
[FR Doc. E621874 Filed 122006; 8:45 am]
BILLING CODE 471023P
SUMMARY:
Serbia, Bosnia, and Herzegovina; proposed European Bank for reconstruction and development projects; U.S. position determination,
DOCUMENT BODY 2:
Pursuant to section 561 of the Foreign Operations, Export Financing, and Related Programs Appropriations Act,
[[Page 76718]]
2006 (Pub. L. 109102) (FOAA), and Department of State Delegation of
Authority Number 289, I hereby determine that the four proposed EBRD
projects will contribute to a stronger and more integrated economy in
the Balkans and thus directly support implementation of the Dayton
Accords. I therefore waive the application of Section 561 of the FOAA
to the extent that provision would otherwise prevent the U.S. Executive
Directors of the EBRD from voting in favor of these projects. The four
projects are: A loan to HVB Banka Serbia; an equity investment in
Syntaxis Mezzanine Fund I; an equity investment in South Eastern Energy
Capital; and a loan to Danube Group Holding of Serbia with an equity investment in JKR Natural Resource B.V.
This Determination shall be reported to the Congress and published in the Federal Register.
Dated: December 5, 2006.
Daniel Fried,
Assistant Secretary of State for European and Eurasian Affairs, Department of State.
[FR Doc. E621874 Filed 122006; 8:45 am]
BILLING CODE 471023P