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

Summary

Title I: Inter-American Development Bank - Amends the Inter-American Development Bank Act to authorize the U.S. Governor of the Bank to vote for certain pending resolutions which provide for increases in the Bank's authorized capital stock and in the resources of the Fund for Special Operations. Authorizes the U.S. Governor of the Bank to subscribe to 427,396 shares of the increase in the authorized capital stock and to contribute $350,000,000 to the Fund for Special Operations. Authorizes appropriations for such purposes. Declares that it is U.S. policy that no actions concerning personnel of the Inter-American Development Bank by any U.S. official shall be based on the political philosphy or activity of the individual involved. Requires the Secretary of the Treasury to consult with specified congressional committees before any discussion or recommendations by U.S. officials concerning the placement or removal of any principal officer of the Inter-American Development Bank Management. Title II: Asian Development Bank - Amends the Asian Development Bank Act to authorize the U.S. Governor of the Bank to subscribe to additional shares of the Bank's capital stock. Authorizes appropriations for such subscription. Authorizes the U.S. Governor to contribute $520,000,000 on behalf of the United States to the Asian Development Fund. Authorizes appropriations for such contribution. Title III: African Development Fund - Amends the African Development Fund Act to authorize the U.S. Governor of the Funds to contribute $150,000,000 to the Fund. Authorizes appropriations for such contribution. Title IV: General Provisions - Sets the effective dates for sections of this Act.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 18 May 1983

  Open at official source

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