Caribbean Debt for Development Act of 1990

[AI summary unavailable — showing source text] Caribbean Debt for Development Act of 1990 - Deems to be payments made by Caribbean countries to the United States for economic assistance loans: (1) equivalent amounts of local currency deposited into a local currency account for development purposes; and (2) local currency for which the President waives the equivalent deposit requirement. Permits such waiver only if the availability of the local currencies that would otherwise be deposited would be contrary to the long-term development of the country. Requires annual congressional presentation materials to describe the debt for development agreements entered into under this Act.…