International Development and Debt Relief Act of 1993

Summary

TABLE OF CONTENTS: Title I: International Development Association Title II: Asian Development Bank Title III: Global Environment Facility Title IV: Regional Multilateral Development Banks Title V: Special Debt Relief Title VI: Measures of Military Spending International Development and Debt Relief Act of 1993 - Title I: International Development Association - Amends the International Development Association Act to authorize appropriations for the tenth replenishment of the International Development Association (IDA). Amends the International Financial Institutions Act to require the Secretary of the Treasury to encourage the U.S. executive directors of the IDA and the International Bank for Reconstruction and Development (World Bank) to advocate, and to report to specified congressional committees on, policies regarding improvements in the borrowing country's standard of living, involvement of local populations in projects, economic empowerment of women, redirection of military expenditures, environmental protection, debt relief, and support for the rule of law. Requires the Secretary to instruct the U.S. executive director of the IDA to encourage the IDA to emphasize the importance of facilitating the demobilization of military forces. Title II: Asian Development Bank - Amends the Asian Development Bank Act to authorize appropriations for specified replenishments of the Asian Development Fund. Title III: Global Environment Facility - Amends the Bretton Woods Agreements Act to authorize appropriations for the U.S. contribution to the Global Environment Facility, subject to a specified certification by the Secretary. Title IV: Regional Multilateral Development Banks - Requires the Secretary to instruct the U.S. executive directors of each regional multilateral development bank and the European Bank for Reconstruction and Development to advocate, and to report to specified congressional committees on, policies regarding improvements in the borrowing country's standard of living, involvement of local populations in projects, economic empowerment of women, the redirection of military expenditures, and environmental impact assessments. Title V: Special Debt Relief - Authorizes the President to reduce debt owed by an eligible country as a result of Export-Import Bank loans or guarantees in order to implement the Paris Club minutes (multilateral debt reduction agreements). Defines an "eligible country" as a country that has burdensome external debt and is eligible to borrow from the IDA, but not from the World Bank. Excludes countries that have unacceptable human rights records or excessive military expenditures. Authorizes appropriations. Title VI: Measures of Military Spending - Provides for joint development and reporting on measures to reduce military spending by developing nations by the International Monetary Fund and the World Bank (currently, the Fund is solely responsible for developing such measures).

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6 official files

• Reported in House (text)

  Reported in House · EN · 22 November 1993

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• Reported in House (PDF)

  Reported in House · EN · 22 November 1993

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• Reported to House with amendment(s)

  summary · EN · 22 November 1993

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• Introduced in House (text)

  Introduced in House · EN · 14 September 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 14 September 1993

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• Introduced in House

  summary · EN · 14 September 1993

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