115 STAT. 962 PUBLIC LAW 107-99 —DEC. 21, 2001 Public Law 107-99 107th Congress An Act Dec. 21, 2001 [S. 494] To provide for a transition to democracy and to promote economic recovery in Zimbabwe. Be it enacted by the Senate and House of Representatives of Zimbabwe the United States of America in Congress assembled, Democracy and Economic SECTION 1. SHORT TITLE. Recovery Act of rm•
i • i utrii TX i T-I 2001. This Act may be cited as the Zimbabwe Democracy and Eco- 22 USC 2151 nomic Recovery Act of 2001". note. SEC. 2. STATEMENT OF POLICY. It is the policy of the United States to support the people of Zimbabwe in their struggle to effect peaceful, democratic change, achieve broad-based and equitable economic growth, and restore the rule of law. SEC. 3. DEFINITIONS. In this Act: (1) INTERNATIONAL FINANCIAL INSTITUTIONS. —The term "international financial institutions" means the multilateral development banks and the International Monetary Fund. (2) MULTILATERAL DEVELOPMENT BANKS.—The term "multi- ' lateral development banks" means the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the Asian Development Bank, the Inter-Americein Investment Corporation, the African Development Bank, the Afidcan Development Fund, the European Bank for Reconstruction and Development, and the Multilateral Investment Guaranty Agency. SEC. 4. SUPPORT FOR DEMOCRATIC TRANSITION AND ECONOMIC RECOVERY. (a) FINDINGS. —Congress makes the following findings: (1) Through economic mismanagement, undemocratic practices, and the costly deployment of troops to the Democratic Republic of the Congo, the Government of Zimbabwe has rendered itself ineligible to participate in International Bank for Reconstruction and Development and International Monetary Fund programs, which would otherwise be providing substantial resources to assist in the recovery and modernization of Zimbabwe's economy. The people of Zimbabwe have thus been denied the economic and democratic benefits envisioned by the donors to such programs, including the United States.
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