§9601 Definitions

Summary

Lists simple meanings for several words used later in the chapter. Advancing income country — a country whose gross national income per person at the start of the fiscal year is above the World Bank level that triggers IBRD graduation but not above the World Bank high‑income cutoff. Appropriate congressional committees — the Senate’s Foreign Relations and Appropriations Committees, and the House’s Foreign Affairs and Appropriations Committees. Country of concern — Venezuela, Cuba, North Korea, Iran, China, Russia, and Belarus. High‑income country — a country the World Bank calls high‑income at the start of the fiscal year, except wealthy countries only as allowed under section 9612(f). Less developed country — a country at or below the World Bank’s IBRD graduation threshold. Predecessor authority — authorities ended by subchapter VI. Qualifying sovereign entity — a foreign state agency with a similar purpose to the Corporation or an international financial institution (per applicable definitions). Wealthy country — one of the top 20 countries by GDP per person at PPP (World Bank), excluding Five Eyes members and their overseas territories.