Presidential Determination No. 92 - 15 -- Memorandum on Export-Import Bank Services for South Africa

Memorandum for the Secretary of State

Subject: Determination to Permit Export-Import Bank Financing for Exports to the Government of South Africa or Its Agencies

Pursuant to the authority vested in me by section 2(b)(9) of the Export-Import Bank Act of 1945, as amended (12 U.S.C. 635(b)(9)) (the "Act"), I hereby:

1) determine that significant progress toward the elimination of apartheid has been made in South Africa;

2) authorize and direct you to transmit to the Congress a statement describing and explaining this determination.

You are further authorized and directed to publish this memorandum in the Federal Register.

George Bush

[Filed with the Office of the Federal Register, 4:43 p.m., February 27, 1992]