[Federal Register Volume 71, Number 145 (Friday, July 28, 2006)]
[Notices]
[Page 42891]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-12110]


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DEPARTMENT OF STATE

[Public Notice 5479]


Determination on U.S. Position on Proposed European Bank for 
Reconstruction and Development (EBRD) Projects in Serbia and Bosnia and 
Herzegovina

    Pursuant to section 561 of the Foreign Operations, Export 
Financing, and Related Programs Appropriations Act, 2006 (Pub. L. 109-
102) (FOAA), and Department of State Delegation of Authority Number 
289, I hereby determine that a 25.4 million euro investment package for 
the Balkan Accession Fund C.V. (``BAF''), a limited partnership 
incorporated in the Netherlands Antilles which will mobilize private 
sector funds to enable the BAF to make equity and equity-related 
investments in a wide variety of sectors, and a 12 million euro 
sovereign loan to Bosnia and Herzegovina for the purchase of air 
navigation, communication and meteorological equipment, software and 
training services to support the establishment of a new Air Navigation 
Services Provider will contribute to a stronger economy in Serbia and 
the Republika Srpska in Bosnia and Herzegovina, directly supporting 
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.
    This Determination shall be reported to the Congress and published 
in the Federal Register.

    Dated: July 20, 2006.
 Daniel Fried,
 Assistant Secretary of State for European and Eurasian Affairs, 
Department of State.
 [FR Doc. E6-12110 Filed 7-27-06; 8:45 am]
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