partially untied aid credit
Defined in 1 place of the United States Code.
The terms “tied aid credit” and “partially untied aid credit” mean any credit which—
(A) has a grant element greater than zero percent, as determined by the Development Assistance Committee of the Organization for Economic Cooperation and Development;
(B) is, in fact or in effect, tied to—
(i) the procurement of goods or services from the donor country, in the case of tied aid credit; or
(ii) the procurement of goods or services from a restricted number of countries, in the case of partially untied aid credit; and
(C) is financed either exclusively from public funds or partly from public and partly from private funds.
Source
- 1994–present12 U.S.C. § 635IBanks and Banking · Tied Aid Credit Fund and program · for purposes of this section