[Federal Register Volume 71, Number 245 (Thursday, December 21, 2006)]
[Notices]
[Pages 76717-76718]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-21874]


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DEPARTMENT OF STATE

[Public Notice 5650]


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

    Pursuant to section 561 of the Foreign Operations, Export 
Financing, and Related Programs Appropriations Act,

[[Page 76718]]

2006 (Pub. L. 109-102) (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. E6-21874 Filed 12-20-06; 8:45 am]
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