BUSH'S POLAND PACKAGE
HAMTRAMCK, MICH. — President Bush's proposals to pump up Poland's lagging economy include: Special US tariff exemptions under the ``Generalized System of Preferences'' that typically aid less developed nations.
US support for rescheduling Poland's outstanding $39 billion foreign debt, $2.4 billion of which is owed to the US government.
US-backed loans for private investment.
Encouragement for private lenders to swap debt in return for equity in Polish businesses.
Pushing for special assistance by World Bank and International Monetary Fund programs.
Although some US officials put a $1 billion price tag on Bush's package, presidential spokesman Roman Popadiuk said it was impossible to estimate its value.