[Federal Register Volume 72, Number 150 (Monday, August 6, 2007)]
[Notices]
[Page 43676]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-15241]


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DEPARTMENT OF STATE

[Public Notice 5875]


 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 the two proposed EBRD projects, one to 
provide 25.1 million euro equity investment and a 27.5 million euro 
loan for tourism facility development in the region and one to provide 
a 35 million euro equity investment for expanded pension fund 
management in the region, will contribute to a stronger and more 
integrated economy in Serbia and Bosnia and Herzegovina and 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.
    This Determination shall be reported to the Congress and published 
in the Federal Register.

     Dated: February 13, 2007.
Daniel Frie,
Assistant Secretary of State for European and Eurasian Affairs 
Department of State.
[FR Doc. E7-15241 Filed 8-3-07; 8:45 am]
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