tion of the international debt crisis, and to consider and
enact proposals to prevent recurrence of international debt
crises, including such recommendations as are proposed
by the Commission pursuant to subsection (a).
SEC. 8. CONDITIONAL BAN ON PROVIDING FUNDS TO THE
IMF.
(a) IN GENERAL.—None of the funds appropriated
in any Act may be obligated or made available to the
International Monetary Fund (IMF) unless—
(1) the IMF has cancelled all debts owed to it
by eligible poor countries as described in the amend-
ment made by section 3 of this Act;
(2) the IMF has taken actions to protect eligi-
ble poor countries against harmful IMF policies as
described in the amendment made by section 4 of
this Act;
(3) the IMF has terminated its involvement in
the Enhanced Structural Adjustment Facility and
its successors and has ceased to condition debt relief
on implementation of structural adjustment pro-
grams as described in section 5 of this Act; and
(4) the Secretary of the Treasury has certified
to the Congress that the conditions referred to in
paragraphs (1), (2), and (3) have been met.
(b) LIMITATION.—Subsection (a) shall not apply to
any funds appropriated to provide debt relief to poor coun-
tries.
SEC. 9. PROHIBITION ON CERTAIN ACTIONS BY UNITED
STATES GOVERNMENT OFFICIALS RELATING
TO ELIGIBILITY FOR UNITED STATES BILAT-
ERAL ASSISTANCE OR LOAN PROGRAMS.
Notwithstanding any other provision of law, no offi-
cer or employee of the United States Government may re-
quire, as a condition of eligibility of a country for United
States bilateral assistance or loan programs, that—
(1)(A) the country have an agreement with the
International Monetary Fund (IMF) or the Inter-
national Bank for Reconstruction and Development
(World Bank); or
(B) in the judgment of IMF or World Bank of-
ficials, the country have adhered to past agreements
with the IMF or World Bank; or
(2) the country have adopted a particular eco-
nomic policy, unless this requirement has been spe-
cifically approved by the Congress.
SEC. 10. DELINKING WORLD BANK CONDITIONS FROM IMF
CONDITIONS.
(a) POSITION OF THE UNITED STATES.—The Sec-
retary of the Treasury shall instruct the United States Ex-
ecutive Director at the International Bank for Reconstruc-
tion and Development (World Bank) to vote to oppose the
linkage of World Bank loans to policy conditions designed
by the International Monetary Fund, and to use the voice
and influence of the United States to urge the other execu-
tive directors at the World Bank from other countries to
oppose such linkage.
(b) CONDITIONAL BAN ON PROVIDING FUNDS TO
THE WORLD BANK.—None of the funds appropriated in
any Act enacted after the enactment of this Act, including
appropriations for callable capital, may be obligated or
made available to the World Bank unless the World Bank
has ceased conditioning its loans on whether a country has
an agreement with the International Monetary Fund
(IMF), or whether in the judgment of IMF officials such
country has adhered to an agreement with the IMF. The
preceding sentence shall not apply to any funds appro-
priated to provide debt relief to poor countries, or to pro-
vide resources for the International Development Associa-
tion.
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