Productive Economic Participation of the Poor Act of 1989

Summary

Productive Economic Participation of the Poor Act of 1989 - Amends the International Financial Institutions Act to direct the Secretary of the Treasury to instruct the U.S. Executive Director for each multilateral development bank to vigorously advocate: (1) as a central and explicit objective of such bank's operations and financing in each borrowing country, increasing the productive role of the poor in such country's economy; (2) encouraging and assisting each borrowing country to develop national plans and strategies to eliminate the causes and manifestations of poverty; (3) intensifying ongoing policy dialogue with each borrowing country to design structural adjustment plans and project lending programs which will provide maximum assistance in achieving such objective; (4) describing in detail, in the bank's country strategy documents for each borrowing country, the national strategy for productive economic participation of the poor and the steps the bank plans to take to assist the borrowing country in achieving that objective; (5) assisting countries in assessing and monitoring progress in achieving poverty alleviation goals and targets; (6) adopting procedures and budgetary allocations, and establish appropriate staffing levels, to ensure adequate resources to meet such goals; (7) adopting a preferential allocation to each country which undertakes significant efforts to enhance the productive role of the poor in such country's economy; and (8) requiring each country which receives structural adjustment assistance to have in place, after a reasonable phase-in period, a strategy to enhance the productive economic participation of the poor. Requires: (1) the Secretary of the Treasury to submit a progress report within a year to specified congressional committees; and (2) each annual report to the Congress by the National Advisory Council on International Monetary and Financial Policies to describe the status of procedures in specified multilateral development banks specifically designed to increase the productive role of the poor in the economies of borrowing countries.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 4 August 1989

  Open at official source

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