A bill to authorize and direct the United States Executive Director of the International Monetary Fund to promote staffing and policy changes with respect to the management of natural resources, and for other purposes.

Summary

Directs the Secretary of the Treasury to instruct the U.S. Executive Director of the International Monetary Fund to work for certain policy and staffing changes, including: (1) the addition to the Fund's staff of natural resource and development economists, poverty experts, and other specialists trained in social issues; (2) the establishment by the Fund of a systematic review of the social and environmental impacts of policy prescriptions; (3) the establishment by the Fund of long-term management of natural resources as an integral part of its stabilization and adjustment policies, including the creation of energy-efficient economies that minimize the generation of greenhouse gases; and (4) the creation of a special facility directed at achieving sound natural resource management, which facility should accelerate debt-for-conservation swaps as a means of alleviating foreign debt burdens. Directs the Secretary to report annually to the Congress on progress toward achieving such changes.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

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• Introduced in Senate

  summary · EN · 7 June 1989

  Open at official source

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