A bill to provide for increased participation by the United States in the International Bank for Reconstruction and Development, the International Finance Corporation, the Asian Development Bank and the Asian Development Fund.

Summary

Title I: International Bank for Reconstruction and Development - Amends the Bretton Woods Agreements Act to authorize the Governor of the International Bank for Reconstruction and Development to vote for an increase of 70,000 shares in the authorized capital stock of the Bank and to subscribe on behalf of the United States to 13,005 additional shares if such increase becomes effective and if the amount required has been appropriated. Title II: International Finance Corporation - Amends the International Finance Corporation Act to authorize the Governor of the International Finance Corporation to vote for an increase of 540,000 shares in the authorized capital stock of the Corporation and to subscribe on behalf of the United States to 111,493 additional shares if such increase becomes effective and if the amount required has been appropriated. Title III: International Development Association - Amends the International Development Association Act to authorize the United States Government to agree on behalf of the United States to pay to the Association $2,400,000,000 as the United States contribution to the fifth replenishment of the Resources of the Association, subject to obtaining the necessary appropriations. Title IV: Asian Development Bank and Assign Development Fund - Amends the Asian Development Bank Act to authorize the United States Governor of the Asian Development Bank to subscribe on behalf of the United States to 67,500 additional shares of the capital stock of the Bank and to contribute $180,000,000 to the Asian Development Fund, subject to obtaining the necessary appropriations. Title V: Human Rights - Requires the United States Government, in connection with its voice and vote in the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Inter-American Development Bank, the African Development Fund, and the Asian Development Bank, to advance the cause of human rights.

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Documents

1 official file

• Introduced in House

  summary · EN · 10 March 1977

  Open at official source

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