Page 45 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 262p–4b

indigenous people, at every phase of loan design, planning, implementation, and monitoring.

(Pub. L. 95–118, title XVI, §1605, as added Pub. L.

100–202, §101(e) [title I], Dec. 22, 1987, 101 Stat.

1329–131, 1329–134.)

CODIFICATION

Section 1605 of Pub. L. 95–118 is based on section 701

of title VII of H.R. 3750, One Hundredth Congress, as introduced Dec. 11, 1987, and enacted into law by Pub. L.

100–202.

DEFINITIONS

The definitions in section 262p–5 of this title apply to

this section.

§ 262p–4a. Loan programs to reduce economic dependence on illicit narcotics

(a) Findings

The Congress finds that—

(1) the illicit narcotics epidemic currently

afflicting the United States represents a direct

threat to the well-being of every United States

citizen;

(2) every effective means must be pursued to

reduce the foreign production and subsequent

importation into the United States of illicit

narcotics;

(3) the multilateral development banks can

play an integral role in efforts to control the

production of illicit narcotics;

(4) producer country narcotics eradication

programs will not be effective unless such programs provide an economic alternative to the

production of narcotics;

(5) efforts to address the illicit narcotics epidemic through production control are doomed

to failure unless greater effort is applied to

curb use of and demand for illicit narcotics;

and

(6) the appropriate role for the multilateral

development banks in the ‘‘War Against

Drugs’’ is through coordinating and financing

alternative economic opportunities in producer and trafficking countries.

(b) Loan programs to reduce economic dependence on illicit narcotics

The Secretary of the Treasury shall instruct

the United States Executive Director of the

International Bank for Reconstruction and Development and the United States Executive Director of the Inter-American Development Bank

to initiate discussions with other executive directors of such institutions and to advocate and

support the creation, within such institutions,

of specific country lending programs and policies (including crop substitution, creation of

roads conducive to the expansion of markets for

licit goods, other infrastructure development

measures such as development projects generating employment, agricultural extension assistance, and region-specific development plans)

which are particularly oriented to reducing or

eliminating the economic dependence of regions

of borrowing countries known to be areas in

which illicit narcotics are produced or trafficked, on such production and trafficking.

(c) Coordination among assistance programs designed to reduce economic dependency on illicit narcotics

In addition, the Secretary of the Treasury

should instruct the United States Executive Director of the International Bank for Reconstruction and Development and the United States Executive Director of the Inter-American Development Bank to encourage such institutions to

provide coordination among other multilateral

and bilateral assistance programs designed to

reduce the economic dependence of regions of

borrowing countries known to be areas in which

illicit narcotics are produced or trafficked, on

such production and trafficking.

(Pub. L. 95–118, title XVI, §1606, as added Pub. L.

100–461, title V, §555, Oct. 1, 1988, 102 Stat.

2268–36.)

CODIFICATION

Section 1606 of Pub. L. 95–118 is based on section 6 of

H.R. 4645, One Hundredth Congress, as reported Sept.

28, 1988, and enacted into law by Pub. L. 100–461.

PRIOR PROVISIONS

A prior section 1606 of Pub. L. 95–118 was renumbered

section 1622 and is classified to section 262p–5 of this

title.

DEFINITIONS

The definitions in section 262p–5 of this title apply to

this section.

§ 262p–4b. Directives regarding governmentowned enterprises in countries receiving

World Bank loans

(a) Finding

The Congress finds that a principal focus of

United States Government policy in the multilateral development banks has been and should

be to foster greater development of the private

sector in member borrowing countries of such

banks.

(b) Technical assistance to transform government-owned enterprises into privately

owned enterprises

In order to assist and strengthen the advancement of ongoing efforts to have the International Bank for Reconstruction and Development play a key role in building a viable private

sector in member borrowing countries of such

bank, and to further assist such bank in its determination to facilitate the transfer of government-owned enterprises in such countries to private ownership, the Secretary of the Treasury

shall instruct the United States Executive Director of such bank to vigorously encourage the

provision of technical assistance to such countries (relying, where appropriate, on the expertise of the International Finance Corporation or

the Multilateral Investment Guarantee Agency)

to transform enterprises owned, in whole or

part, by the governments of such countries into

privately owned, self-sufficient enterprises.

Such technical assistance may involve the valuation of the assets of such government-owned

enterprises, the assessment of tender offers, and

the creation or strengthening of market-based

mechanisms to facilitate such a transfer of ownership.