Page 33 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 262g–3

AMENDMENTS

1981—Pub. L. 97–35 redesignated subsec. (a) as entire

section and struck out subsec. (b) which related to an

annual report to Congress on the progress towards

achieving the goals of this section.

EFFECTIVE DATE OF 1981 AMENDMENT

Amendment by Pub. L. 97–35 effective Aug. 13, 1981,

see section 1372 of Pub. L. 97–35, set out as an Effective

Date note under section 290i of this title.

EFFECTIVE DATE

Section effective Oct. 3, 1977, see section 1001 of Pub.

L. 95–118, set out as a note under section 282i of this

title.

§ 262g–1. Targeting assistance to specific populations

(a) Congressional findings

The Congress finds that there is a need for

concerted international efforts to deal with the

problems of malnutrition, low life expectancy,

childhood disease, underemployment, and low

productivity in developing countries.

(b) Assistance to poorest populations

The Congress notes with approval that the

Inter-American Development Bank, under the

terms of its Fifth Replenishment, has adopted

the target that 50 percent of its lending benefit

the poorest groups and has developed a usable

methodology for determining the proportion of

its lending which benefits such groups.

(Pub. L. 95–118, title XI, §1101, as added Pub. L.

97–35, title XIII, §1361(b), Aug. 13, 1981, 95 Stat.

745.)

EFFECTIVE DATE

Section effective Aug. 13, 1981, see section 1372 of Pub.

L. 97–35, set out as a note under section 290i of this

title.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 262g–2 of this

title.

§ 262g–2. Establishment of guidelines for international financial institutions

(a) Consultation with representatives of member

countries

The Secretary of the Treasury shall consult

with representatives of other member countries

of the International Bank for Reconstruction

and Development, the International Development Association, the Asian Development Bank,

the African Development Fund, and the African

Development Bank (if the United States becomes a member of that Bank), for the purpose

of establishing guidelines within each of those

institutions which specify that, in a manner

consistent with the purposes and charters of

those institutions, a specified proportion of the

annual lending by each institution shall be designed to benefit needy people, primarily by financing sound, efficient, productive, self-sustaining projects designed to benefit needy people

in developing countries, thus helping poor people improve their conditions of life.

(b) Congressional findings regarding implementation of objectives

The Congress finds that projects to construct

basic infrastructure, to expand productive capacity (including private enterprise), and to address social problems can all meet the objectives

of this section if they are designed and implemented properly. For the purposes of this title,

‘‘needy people’’ means those people living in

‘‘absolute’’ or ‘‘relative’’ poverty as determined

under the standards employed by the International Bank for Reconstruction and Development and the International Development Association.

(Pub. L. 95–118, title XI, §1102, as added Pub. L.

97–35, title XIII, §1361(b), Aug. 13, 1981, 95 Stat.

745.)

REFERENCES IN TEXT

This title, referred to in subsec. (b), is title XI

(§§1101–1103) of Pub. L. 95–118, as added by Pub. L. 97–35,

title XIII, §1361(b), Aug. 13, 1981, 95 Stat. 745, which enacted sections 262g–1 and 262g–2 of this title and enacted a provision set out as a note below. For complete

classification of title XI to the Code, see Tables.

EFFECTIVE DATE

Section effective Aug. 13, 1981, see section 1372 of Pub.

L. 97–35, set out as a note under section 290i of this

title.

REPORTS TO CONGRESS

Section 1103 of Pub. L. 95–118, as added by Pub. L.

97–35, title XIII, §1361(b), Aug. 13, 1981, 95 Stat. 746, required reports on the progress being made toward

achieving the goals of this section, prior to repeal by

Pub. L. 101–240, title V, §541(d)(4), Dec. 19, 1989, 103 Stat.

2518.

§ 262g–3. International negotiations on future replenishments of international financial institutions; consultation with appropriate Members of Congress

The Secretary of the Treasury or his designee

shall consult with the Chairman and the Ranking Minority Member of—

(1) the Committee on Banking, Finance and

Urban Affairs of the House of Representatives,

the Committee on Appropriations of the House

of Representatives, and the appropriate subcommittee of each such committee, and

(2) the Committee on Foreign Relations of

the Senate, the Committee on Appropriations

of the Senate, and the appropriate subcommittee of each such committee,

for the purpose of discussing the position of the

executive branch and the views of the Congress

with respect to any international negotiations

being held to consider future replenishments or

capital expansions of any multilateral development bank which may involve an increased contribution or subscription by the United States.

Such consultation shall be made (A) not later

than 30 days before the initiation of such international negotiations, (B) during the period in

which such negotiations are being held, in a frequent and timely manner, and (C) before a session of such negotiations is held at which the

United States representatives may agree to such

a replenishment or capital expansion.

(Pub. L. 95–118, title XII, §1201, as added Pub. L.

97–35, title XIII, §1361(b), Aug. 13, 1981, 95 Stat.

746.)

CHANGE OF NAME

Committee on Banking, Finance and Urban Affairs of

House of Representatives treated as referring to Com-