Page:United States Statutes at Large Volume 103 Part 2.djvu/218

 103 STAT. 1228 PUBLIC LAW 101-167—NOV. 21, 1989 Reports. Reports. Reports. Reports. ing countries to reduce or restructure debt in concert with the sustainable use of their natural resources. As a part of any such debt restructuring program, the United States Executive Direc- tor should require a thorough review of opportunities this initia- tive may offer for providing additional financial resources for the management of natural resources. The Secretary shall submit a report to the Committees on Appropriations on the progress of this program by April 30, 1990; (2) instruct the United States Executive Directors to the international financial institutions to seek the support of other donor countries in the implementation of this policy; and (3) instruct the United States Executive Director to the Inter- national Bank for Reconstruction and Development to actively seek the implementation by the World Bank of the recommendations set forth in its April 1, 1988, report on "Debt- for-Nature swaps", including the setting up of a pilot debt-for- nature swap program in one or more interested countries. The Secretary shall submit a progress report on the implementation of this program to the Committees on Appropriations by April 1, 1990. (f) The Secretary of the Treasury shall seek to incorporate natural resource management initiatives throughout the implementation of the Brady Plan. The Secretary shall submit to the Committees on Appropriations a report by April 15, 1990, describing how such initiatives have been incorporated into the Brady Plan and identify- ing any such initiatives undertaken to date. (g) The Secretary of the Treasury shall instruct the United States Executive Director to the Inter-American Development Bank to— (1) seek implementation of the environmental reform meas- ures agreed to as part of the Bank's 7th Replenishment; (2) seek adoption of Bank policies regarding indigenous people, relations with nongovernmental organizations, and the protection of wildlife and unique natural and cultural features: (3) require the Bank to demonstrate how it has improved, and will improve, the monitoring of environmental and social components of loans; and (4) within four months after the date of enactment of this Act report to the Committees on Appropriations on the progress the Bank has made in implementing each of these reforms. GLOBAL WARMING INITIATIVE Developing SEC. 534. (a) TROPICAL FORESTRY ASSISTANCE.— (1) In Order to countries. achieve the maximum impact from activities relating to tropical forestry, the Agency for International Development shall focus tropical forestry assistance programs on the key middle- and low- income developing countries (hereinafter "key countries") which are projected to contribute large amounts of greenhouse gases related to global warming as a result of industrialization and the burning of fossil fuels, and destruction of tropical forests. (2) Funds appropriated to carry out the provisions of sections 103 and 106 of the Foreign Assistance Act of 1961, as amended, may be used by the Agency for International Development, notwithstanding any other provision of law, for the purpose of supporting tropical forestry programs aimed at reducing emissions of greenhouse gases with regard to the key countries in which deforestation makes a significant contribution to global warming, except that such assist-

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