Chapter 7, Subchapter XV, Section 286aa · 22 U.S.C. Chapter 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC.

Contents

286aaInstructions to United States Executive Director; Communist dictatorships#

The Congress hereby finds that Communist dictatorships result in severe constraints on labor and capital mobility and other highly inefficient labor and capital supply rigidities which contribute to balance of payments deficits in direct contradiction of the goals of the International Monetary Fund. Therefore, the Secretary of the Treasury shall instruct the United States Executive Director of the Fund to actively oppose any facility involving use of Fund credit by any Communist dictatorship, unless the Secretary of the Treasury certifies and documents in writing upon request and so notifies and appears, if requested, before the Foreign Relations and Banking, Housing, and Urban Affairs Committees of the Senate and the Banking, Finance and Urban Affairs Committee of the House of Representatives, at least twenty-one days in advance of any vote on such drawing that such drawing—

(1)provides the basis for correcting the balance of payments difficulties and restoring a sustainable balance of payments position;

(2)would reduce the severe constraints on labor and capital mobility or other highly inefficient labor and capital supply rigidities and advances market-oriented forces in that country; and

(3)is in the best economic interest of the majority of the people in that country.

Should the Secretary not meet a request to appear before the aforementioned committees at least twenty-one days in advance of any vote on any facility involving use of Fund credit by any communist dictatorship and certify and document in writing that these three conditions have been met, the United States Executive Director shall vote against such program.

United States Government work; public domain under 17 U.S.C. § 105.

Defined terms · 42

Show every defined term

adjustment lending
means nonproject lending in support of structural macroeconomic reforms or sectoral economic reform.
Administrator
means the Administrator of the Environmental Protection Agency.
appropriate committees of Congress
means—
appropriate congressional committees
means the Committees on Appropriations and Foreign Relations of the Senate and the Committees on Appropriations and Financial Services of the House of Representatives.
assistance
includes personnel, services, supplies, equipment, facilities, and other assistance if such assistance is provided by the Department of Defense or any other United States Government agency.
certificate of origin
means such certificate as the Secretary may require, with respect to a shipment of any steel mill product containing chromium in any form, issued by the government (or by a designee of such government if the Secretary is satisfied that such designee is the highest available certifying authority) of the country in which such steel mill product was produced certifying that the steel mill product in such shipment contains no chromium in any form which is of Southern Rhodesian origin;
Chairman
means the Chairman of the National Advisory Council on International Monetary and Financial Policies.
Commission
means the United States section of the International Boundary and Water Commission, United States and Mexico.
country suffering a public health crisis
means a country in which the HIV/AIDS infection rate, as reported in the most recent epidemiological data for that country compiled by the Joint United Nations Program on HIV/AIDS, is at least 5 percent among women attending prenatal clinics or more than 20 percent among individuals in groups with high-risk behavior.
credit
includes— where such loans or lines of credit are repayable in freely convertible currency.
debt-for-development swap
means the purchase of qualified debt by, or the donation of such debt to, an organization described in section 501(c)(3) of title 26 which is exempt from taxation under section 501(a) of title 26, and the subsequent transfer of such debt to an organization located in such foreign country in exchange for an undertaking by such tax-exempt organization, such foreign government, or such foreign organization to engage in a charitable, educational, or scientific activity.
Decision Point
means the date on which the executive boards of the International Bank for Reconstruction and Development and the International Monetary Fund review the debt sustainability analysis for a country and determine that the country is eligible for debt relief under the Enhanced HIPC Initiative.
designated congressional committees
means the Committee on Foreign Relations and the Committee on Appropriations of the Senate and the Committee on International Relations and the Committee on Appropriations of the House of Representatives.
Enhanced HIPC Initiative
means the multilateral debt initiative for heavily indebted poor countries presented in the Report of G–7 Finance Ministers on the Cologne Debt Initiative to the Cologne Economic Summit, Cologne, June 18–20, 1999.
fair value
shall mean fair value of the interest acquired.
Government agency
means any department, independent establishment, or other agency of the Government of the United States, or any corporation wholly owned by the Government of the United States;
health problem
means a disease or medical ailment or an environmental condition that poses the risk of disease or medical ailment.
Hong Kong Economic and Trade Offices
refers to Hong Kong’s official economic and trade missions in the United States.
international financial institution
means an institution described in section 262r(c)(2) of this title.
international financial institutions
means the International Monetary Fund, International Bank for Reconstruction and Development, European Bank for Reconstruction and Development, International Development Association, International Finance Corporation, Multilateral Investment Guarantee Agency, African Development Bank, African Development Fund, Asian Development Bank, Inter-American Development Bank 2 Bank for Economic Cooperation and Development in the Middle East and North Africa,,3 and Inter-American Investment Corporation.
international organization
means a public international organization in which the United States participates pursuant to any treaty or under the authority of any Act of Congress authorizing such participation or making an appropriation for such participation, and which shall have been designated by the President through appropriate Executive order as being entitled to enjoy the privileges, exemptions, and immunities provided in this subchapter.
investments in human capital
means investments in projects, policies, and programs designed to improve urban and rural health care and sanitation, basic nutrition, education, the small-producer private sector, the economic activities of women, and the development of indigenous non-governmental organizations.
IWTP
means the South Bay International Wastewater Treatment Plant constructed under the provisions of the Federal Water Pollution Control Act (33 U.S.C. 1251 et seq.), section 510 of the Water Quality Act of 1987 (101 Stat. 80–82), and Treaty Minutes to the Treaty for the Utilization of Waters of the Colorado and Tijuana Rivers and of the Rio Grande, dated February 3, 1944.
Mexican facility
means a proposed public-private wastewater treatment facility to be constructed and operated under sections 277d–43 to 277d–46 of this title within Mexico for the purpose of treating sewage flows generated within Mexico, which flows impact the surface waters, health, and safety of the United States and Mexico.
mgd
means million gallons per day.
modified Heavily Indebted Poor Countries Initiative
means the multilateral debt initiative presented in the Report of G–7 Finance Ministers on the Köln Debt Initiative to the Köln Economic Summit, Cologne, Germany, held from June 18–20, 1999.
Multilateral Debt Relief Initiative
means the proposal set out in the G8 Finance Ministers’ Communique entitled “Conclusions on Development,” done at London, June 11, 2005, and reaffirmed by G8 Heads of State at the Gleneagles Summit on July 8, 2005.
multilateral development bank
has the meaning given that term in section 262m–7 of this title and also includes the European Bank for Reconstruction and Development and the Global Environment Facility.
multilateral development banks
means the International Bank for Reconstruction and Development, the Inter-American Development Bank, the African Development Bank, and the Asian Development Bank.
multilateral development institutions
means the international financial institutions other than the International Monetary Fund.
needy people
means those people living in “absolute” or “relative” poverty as determined under the standards employed by the International Bank for Reconstruction and Development and the International Development Association.
new international criminal tribunal
means any permanent international criminal tribunal established on or after October 21, 1998, and does not include—
new United Nations peacekeeping operation
includes any existing or otherwise ongoing United Nations peacekeeping operation—
office of the Inspector General
means an independent office (or other independent entity) established by the United Nations to conduct and supervise objective audits, inspections, and investigations relating to the programs and operations of the United Nations.
qualified debt
means—
regional multilateral development bank
means the Inter-American Development Bank, the African Development Bank, the African Development Fund, and the Asian Development Bank.
renewable resource
means any energy resource which—
secondary treatment
has the meaning such term has under the Federal Water Pollution Control Act and its implementing regulations.
Secretary
means the Secretary of the Treasury.
United States-Mexico Border Area
means the area located in the United States and Mexico within 100 kilometers of the border between the United States and Mexico.
World Bank
means the International Bank for Reconstruction and Development and the International Development Association.
World Bank Group
means the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, and the Multilateral Investment Guarantee Agency.