Page:United States Statutes at Large Volume 103 Part 3.djvu/424

 103 STAT. 2492 PUBLIC LAW 101-240—DEC. 19, 1989 Public Law 101-240 101st Congress An Act Dec. 19, 1989 [H.R. 2494] International Development and Finance Act of 1989. 22 USC 2151 note. To reauthorize the Export-Import Bank tied aid credit fund and pilot interest subsidy program, to provide for the participation of the United States in a replenishment of the Inter-American Development Bank and in the Enhanced Structural Adjust- ment Facility of the International Monetary Fund, to improve the safety and soundness of the United States banking system and encourage the reduction of the debt burdens of the highly indebted countries, to encourage the multilateral development bsmks to engage in environmentally sustainable lending practices and give greater priority to poverty alleviation, tind for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) SHORT TITLE.—This Act may be cited as the Development and Finance Act of 1989". (b) TABLE OF CONTENTS.— Sec. 1. Short title; table of contents. 'International TITLE I—EXPORT-IMPORT BANK ACT AMENDMENTS Sec. Sec 101. 102. Export-Import Bank Act amendments. Extension of credit by Export-Import Bank with respect to Angola pro- hibited unless certain conditions are met. Sec. 103. Export-import programs to the People's Republic of China prohibited unless certain conditions are met. TITLE n—INTER-AMERICAN DEVELOPMENT BANK Sec. 201. Participation by the United States in a capital increase of the Inter- American Development Bank; increase in resources of fund for special operations. Investment in human capital. Limitations on Inter-American Development Bank policy based lending. Increase in Inter-American Development Bank lending to the Caribbean. Sense of the Congress that Inter-American Development Bank loans should reduce dependence on illicit narcotics. Sec. 206. Directives regarding government-owned enterprises in countries receiving lADB loans. Sec Sec Sec Sec 202. 203. 204. 205. TITLE III—INTERNATIONAL MONETARY FUND ENHANCED STRUCTURAL ADJUSTMENT FACILITY Sec. 301. Contribution to the interest subsidy account of the Enhanced Structural Adjustment Facility of the International Monetary Fund. Sec. 302. Discussions to enhance the capacity of the International Monetary Fund to alleviate the potentially adverse impacts of Fund programs on the poor and the environment. TITLE IV—INTERNATIONAL DEBT PROVISIONS Sec. 401. Short title. Sec. 402. Additional reserve requirements. Sec. 403. Report on mark to market accounting. Sec. 404. Study on elimination of capital flight. Sec. 405. Factors to be taken into account in developing United States policy toward debt reduction for certain highly indebted countries; report to the Congress. Sec. 406. Sense of the Congress that agreements to reduce debt burden should be accompanied by trade liberalization.

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