Memorandum on Determination Under Section 2(b)(2) of the Export-Import Bank Act of 1945, as Amended: Mozambique

Presidential Determination No. 90-8

Memorandum for the Secretary of State

Noting that, pursuant to Section 2(b)(2) of the Export-Import Bank Act of 1945, as amended, 12 U.S.C. 635(b)(2), restrictions were placed against the Export-Import Bank guaranteeing, insuring, extending credit or participating in the extension of credit in connection with the purchase or lease of any product by a number of countries, and noting further that these restrictions may be lifted for specific countries by a Presidential Determination pursuant to Section 2(b)(2)(C), I hereby determine that Mozambique has "ceased to be a Marxist-Leninist country (within the definition of such term in subparagraph (B(i))."

You are authorized and directed to report this Determination to the Congress and publish it in the Federal Register.

GEORGE BUSH

THE WHITE HOUSE,

Washington, January 24, 1990.