[Weekly Compilation of Presidential Documents Volume 34, Number 49 (Monday, December 7, 1998)]
[Pages 2402-2403]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Memorandum on Pakistan and India

December 1, 1998

Presidential Determination No. 99-7

Memorandum for the Secretary of State

Subject: Pakistan and India

    Pursuant to the authority vested in me as President of the United 
States, including under section 902 of the India-Pakistan Relief Act of 
1998 (Public Law 105-277), to the extent provided in that section, I 
hereby waive until October 21, 1999, the sanctions and prohibitions 
contained in section 101 and 102 of the Arms Export Control Act, section 
620E(e) of the Foreign Assistance Act of 1961, and section 2(b)(4) of 
the Export-Import Bank Act of 1945, insofar as such sanctions and 
prohibitions would otherwise apply to activities of the Export-Import 
Bank, the Overseas Private Investment Corporation, and the Trade and 
Development Agency with respect to Pakistan and India; assistance to 
Pakistan and India under the ``International Military Education and 
Training'' program; the making of any loan or the providing of any 
credit to the Government of India or the Government of Pakistan by any 
U.S. bank; and the extension of any loan or

[[Page 2403]]

financial or technical assistance to Pakistan by any international 
financial institution in support of the assistance program that Pakistan 
is negotiating with the International Monetary Fund.
    You are hereby authorized and directed to report this determination 
to the Congress and to arrange for its publication in the Federal 
Register.
                                            William J. Clinton