Sec. 101. Statement of policy
199 words·~1 min read·
/bill/115/s/2463/rs/section-101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the policy of the United States to facilitate market-based private sector development and economic growth in less developed countries through the provision of credit, capital, and other financial support— to mobilize private capital in support of sustainable, broad-based economic growth, poverty reduction, and development through demand-driven partnerships with the private sector that further the foreign policy interests of the United States; to finance development in a way that builds and strengthens civic institutions, promotes competition, provides for public accountability and transparency; to help private sector actors overcome identifiable market gaps and inefficiencies without distorting markets; to achieve clearly defined economic and social development outcomes; to coordinate with institutions with purposes similar to the purposes of the Corporation to leverage resources of those institutions to produce the greatest impact; to help countries currently receiving United States assistance to graduate from their status as recipients of assistance; to leverage the private sector and innovative development tools as a means to lessen the reliance of the United States on traditional forms of foreign assistance over time; and to complement and be guided by overall United States foreign policy and development objectives, taking into account the policies of countries receiving support.