§ 1738b. Eligibility for benefits under Facility
(a)
Requirements
To be eligible for benefits from the Facility under this subchapter, a country shall—
(2)
have in effect or have received approval for, or, as appropriate in exceptional circumstances, be making significant progress towards the establishment of—
(A)
an International Monetary Fund (hereafter referred to in this subchapter as the “IMF”) standby arrangement, extended IMF arrangement, or an arrangement under the structural adjustment facility or enhanced structural adjustment facility, or in exceptional circumstances, an IMF-monitored program or its equivalent; and
(b)
Eligibility determination
The President shall determine whether a country is an eligible country for purposes of subsection (a) of this section.