A bill to provide for increased participation by the United States in the Inter-American Development Bank, the Asian Development Bank, and the African Development Fund.

Summary

Title I: Inter-American Development Bank - Amends the Inter-American Development Bank Act to authorize the United States Governor of the Bank to vote for two resolutions increasing: (1) the authorized capital stock of the Bank; and (2) the resources of the Fund for Special Operations. Authorizes the U.S. Governor: (1) to subscribe to 227,896 shares of such increased authorized capital stock; and (2) to contribute $700,000,000 to such Fund. Authorizes appropriations for such purposes. Stipulates that the U.S. contribution shall be by letter of credit in four annual installments. Title II: Asian Development Bank - Amends the Asian Development Bank Act to authorize a United States contribution of $445,000,000 to the Asian Development Fund. Authorizes appropriations for such purpose. Stipulates that the U.S. contribution shall be by letter of credit in four annual installments. Title III: African Development Fund - Amends the African Development Fund Act to authorize a United States contribution of $125,000,000 to the African Development Fund. Authorizes appropriations for such purpose. Stipulates that the U.S. contribution shall be by letter of credit in three annual installments. Title IV: Export Opportunity Enhancement - Directs the Secretary of the Treasury to instruct the U.S. Directors of the Inter-American Development Bank, the Asian Development Bank, and the African Development Fund to expeditiously communicate information about potential procurement opportunities for U.S. firms. Title V: Effective Date - Prohibits the use or obligation of funds authorized to be appropriated under this Act prior to October 1, 1979.

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Versions

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Documents

3 official files

• Passed House amended

  summary · EN · 6 March 1980

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 10 May 1979

  Open at official source

• Introduced in House

  summary · EN · 1 May 1979

  Open at official source

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