[Federal Register Volume 59, Number 166 (Monday, August 29, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-21265]
[[Page Unknown]]
[Federal Register: August 29, 1994]
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DEPARTMENT OF STATE
Bureau of Economic and Business Affairs
[Public Notice 2054]
Export-Import Bank Financing for Brazil's Purchase of Counter-
Narcotics Aircraft Equipment
AGENCY: Department of State.
ACTION: Notice.
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SUMMARY: The Secretary of State has determined that, pursuant to
section 2(b)(6) of the Export-Import Bank Act of 1945 (as amended), and
Executive Order 11958 of January 18, 1977 (as amended by Executive
Order 12680 of July 5, 1989), (1) the U.S. content of five early
warning aircraft systems, for which the Government of Brazil has
requested Export-Import Bank financial guarantees, will be used
primarily for counternarcotics purposes and (2) the sale of such
defense articles and services is in the national interest of the United
States.
EFFECTIVE DATE: July 11, 1994.
FOR FURTHER INFORMATION CONTACT:
Karen Brown, Office of Development Finance, Bureau of Economic and
Business Affairs, Department of State (202-647-9462).
SUPPLEMENTARY INFORMATION: A U.S. corporation competing to lead a
consortia in constructing an integrated surveillance network for the
Amazon Surveillance Project (SIVAM) has requested a U.S. Export-Import
Bank (Eximbank) guarantee to assist in financing the early-warning
surveillance aircraft portion of this project.
Eximbank's charter generally prohibits it from financing the export
of U.S. defense articles and services. However, Eximbank may support
the sale of defense articles or services if the President determines
that the defense articles or services will be used primarily for
counternarcotics purposes and that the sale is in the national
interest, taking into account whether the sale is consistent with U.S.
counternarcotics policy, whether the recipient country is a major drug
producing or drug transit country, and whether the recipient country
has a democratic form of government. The President's authority to make
such determinations has been delegated to the Secretary of State.
Pursuant to section 2(b)(6) of the Export-Import Bank Act of 1945,
as amended, and Executive Order 11958 of January 18, 1977, as amended
by Executive Order 12680 of July 5, 1989, the Acting Secretary of State
determined on July 11, 1994 that:
(1) The defense articles and services for which the Government of
Brazil has requested Export-Import Bank financial guarantees, i.e., the
U.S. content of five early warning aircraft systems, are being sold
primarily for counternarcotics purposes;
(2) The sale of such defense articles and services would be in the
national interest of the United States.
Jay Dehmlow,
Acting Director, Office of Development Finance.
[FR Doc. 94-21265 Filed 8-26-94; 8:45 am]
BILLING CODE 4710-07-M
