---
kind: "section"
citation: "22 U.S.C. § 2430b"
title: "22"
title_heading: "Foreign Relations and Intercourse"
number: "2430b"
heading: "Eligibility for benefits"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/22/2430b"
units:
  - "Chapter 32 — Foreign Assistance"
  - "Subchapter III–A — Enterprise for the Americas Initiative"
---

# §2430b. Eligibility for benefits

- (a) **Requirements—** To be eligible for benefits from the [Facility](/usc/22/2430a.md?p=8) under this subchapter, a country must be a Latin American or Caribbean country—
  - (1) whose government is democratically elected;
  - (2) whose government has not repeatedly provided [support](/usc/22/7432.md?p=12) for acts of international terrorism;
  - (3) whose government is not failing to cooperate on international narcotics control matters;
  - (4) whose government (including its military or other security forces) does not engage in a consistent pattern of gross violations of internationally recognized human rights;
  - (5) that has in effect, has received approval for, or, as appropriate in exceptional circumstances, is making significant progress toward—
    - (A) an International Monetary Fund standby arrangement, extended Fund arrangement, or an arrangement under the structural adjustment [facility](/usc/22/2430a.md?p=8) or enhanced structural adjustment [facility](/usc/22/2430a.md?p=8), or in exceptional circumstances, a Fund monitored program or its equivalent, unless the President determines (after consultation with the [Enterprise for the Americas Board](/usc/22/2430a.md?p=7)) that such an arrangement or program (or its equivalent) could reasonably be expected to have significant adverse social or environmental effects; and
    - (B) as appropriate, structural or sectoral adjustment loans from the International Bank for Reconstruction and Development or the International Development Association, unless the President determines (after consultation with the [Enterprise for the Americas Board](/usc/22/2430a.md?p=7)) that the resulting adjustment requirements could reasonably be expected to have significant adverse social or environmental effects;
  - (6) has put in place major investment reforms in conjunction with an Inter-American Development Bank loan or otherwise is implementing, or is making significant progress toward, an open investment regime; and
  - (7) if appropriate, has agreed with its commercial bank lenders on a satisfactory financing program, including, as appropriate, debt or debt service reduction.
- (b) **Eligibility determinations—** Consistent with [subsection (a)](#a), the President shall determine whether a country is eligible to receive benefits under this subchapter. The President shall notify the [appropriate congressional committees](/usc/22/2430a.md?p=4) of his intention to designate a country as an [eligible country](/usc/22/2430a.md?p=6) at least 15 days in advance of any formal determination.

## Source credit

(Pub. L. 87–195, pt. IV, § 703, as added Pub. L. 102–549, title VI, § 602(a), Oct. 28, 1992, 106 Stat. 3664.)

## Notes

### Editorial Notes

### Prior Provisions

A prior section 703 of Pub. L. 87–195, pt. IV, Sept. 4, 1961, 75 Stat. 463, amended section 1613d of this title and enacted provisions set out as a note under section 1613d of this title, prior to repeal by Pub. L. 87–565, pt. IV, § 401, Aug. 1, 1962, 76 Stat. 263, except insofar as section 703 affected section 1613d.

### Executive Documents

### Delegation of Functions

For delegation of functions of President under this section, see Ex. Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, as amended, set out as a note under section 2381 of this title.

For delegation of functions of President under this section, see section 1 of Ex. Ord. No. 13345, July 8, 2004, 69 F.R. 41901, set out as a note under section 1738 of Title 7, Agriculture.