Page:United States Statutes at Large Volume 103 Part 3.djvu/437

 PUBLIC LAW 101-240—DEC. 19, 1989 103 STAT. 2505 (2) the multilateral development banks should, as part of this debt reduction process, encourage such countries to further reform their economies by reducing their dependence on i production and traf&cking of illicit narcotics; and (3) reduction of debt should relieve some of the financial burden on these countries, and thereby enable them to rely on legal income-generating activities. (b) INSTRUCTION OP UNITED STATES EXECUTIVE DIRECTORS. —The Secretary of the Treasury shall instruct the United States Executive Director of each multilateral development bank that, in voting with respect to loans from the multilateral development bank to reduce the debt and debt burden of borrowing countries which are major producers, processors, traffickers, or exporters of illegal drugs to the United States, the Executive Director shall give preference to those countries which show marked improvement in reducing the volume of cultivation, processing, trafficking, and export to the United States of illegal drugs. In making a determination under the preced- ing sentence with respect to a country's improvement, the Secre- tary of the Treasury shall consult with the heads of the relevant agencies. (c) REPORT TO CONGRESS.— The Secretary of the Treasury shall include, in the detailed accounting requirea by section 2018(c) of the International Narcotics Control Act of 1986 (22 U.S.C. 2191 note), relating to multilateral development bank assistance for drug eradi- cation and crop substitution programs, an additional discussion of the steps taken and the progress made in implementing the goals set forth in subsection (b) of this section, and further steps needed to secure the achievement of these goals. (d) DEFiNmoNS. —As used in this section— (1) the term "multilateral development bank" includes the International Bank for Reconstruction and Development, the International Development Association, the International Fi- nance Corporation, the Inter-American Development Bank, the Inter-American Investment Corporation, the Asian Develop- ment Bank, the African Development Bank, and the African Development Fund; and (2) the term "illegal drugs" means "narcotic and psychotropic drugs and other controlled substances", as defined in section 481(i)(3) of the Foreign Assistance Act of 1961 (22 U.S.C. 2291(i)(3)). TITLE V—ALLEVIATION OF POVERTY; ENVIRONMENTAL PROVISIONS; DEBT- FOR-DEVELOPMENT SWAPS; CONSOLI- DATION OF REPORTING REQUIRE- MENTS Subtitle A—Alleviation of Poverty SEC. 501. INCREASING THE PRODUCTIVE ECONOMIC PARTICIPATION OF 22 USC 262p-5. THE POOR The International Financial Institutions Act (22 U.S.C. 262c et seq.) is amended by redesignating section 1613 (as so redesignated by

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