Federal Register: December 23, 2008 (Volume 73, Number 247)
DOCID: fr23de08-127 FR Doc E8-30574
DEPARTMENT OF STATE
State Department
DOCUMENT ID: [Public Notice 6466]
NOTICE: NOTICES
DOCID: fr23de08-127
ACTION: Determination on U.S. Position on Proposed International Monetary Fund (IMF) Project:
SUBJECT CATEGORY:
Determination on U.S. Position on Proposed International Monetary Fund (IMF) Project: Precautionary Stand-By Arrangement
DOCUMENT SUMMARY:
Pursuant to section 658 of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2008 (Div. J, Pub. L. 110161) (SFOAA), and Department of State Delegation of Authority Number 312, I hereby determine that the IMF's proposed Precautionary StandBy Arrangement for strengthening Serbia's fiscal discipline and furthering its structural reform agenda will help facilitate a smooth balance of payments adjustment and promote good macroeconomic policies during the global financial crisis, leading to sustainable development and economic integration in the region and contribute to a stronger economy in Serbia, directly supporting implementation of the Dayton Accords. I therefore waive the application of Section 658 of the SFOAA to the extent that provision would otherwise prevent the U.S. Executive Directors of the IMF from voting in favor of these projects.
This Determination shall be reported to the Congress and published in the Federal Register.
[[Page 78865]]
Dated: December 2, 2008.
Judith Garber,
Assistant Secretary of State, Acting for European and Eurasian Affairs, Department of State.
[FR Doc. E830574 Filed 122208; 8:45 am]
BILLING CODE 471023P
SUMMARY:
Precautionary Stand-By Arrangement,
DOCUMENT BODY 2:
Pursuant to section 658 of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2008 (Div. J, Pub. L. 110161) (SFOAA), and Department of State Delegation of Authority Number 312, I hereby determine that the IMF's proposed Precautionary StandBy Arrangement for strengthening Serbia's fiscal discipline and furthering its structural reform agenda will help facilitate a smooth balance of payments adjustment and promote good macroeconomic policies during the global financial crisis, leading to sustainable development and economic integration in the region and contribute to a stronger economy in Serbia, directly supporting implementation of the Dayton Accords. I therefore waive the application of Section 658 of the SFOAA to the extent that provision would otherwise prevent the U.S. Executive Directors of the IMF from voting in favor of these projects.
This Determination shall be reported to the Congress and published in the Federal Register.
[[Page 78865]]
Dated: December 2, 2008.
Judith Garber,
Assistant Secretary of State, Acting for European and Eurasian Affairs, Department of State.
[FR Doc. E830574 Filed 122208; 8:45 am]
BILLING CODE 471023P