Page:United States Statutes at Large Volume 106 Part 4.djvu/623

 PUBLIC LAW 102-511 —OCT. 24, 1992 106 STAT. 3359 "(ii) to evaluate the social and environmental impacts of the implementation of the policy prescriptions. "(C) Such audits would have access to all ongoing programs and activities of the Fund and the ability to review the effects of Fund-supported programs, on a country-by-country basis, with respect to poverty, economic development, and environment. "(D) Such audits should be made public as appropriate with due respect to confidentiality. "(3) ENSURING POLICY OPTIONS THAT INCREASE THE PRODUC- TIVE PARTICIPATION OF THE POOR.— The Fund should establish procedures that ensure the focus of future economic reform programs approved by the Fund on policy options that increase the productive participation of the poor in the economy. "(4) PUBLIC ACCESS TO INFORMATION.— (A) The Fund should establish procedures for public access to information. "(B) Such procedures shall seek to ensure access of the public to information while paying due regard to appropriate confidentiality. "(C) Policy Framework Papers and the supporting documents prepared by the Fund's mission to a country are examples of documents that should be made public at an appropriate time and in appropriate ways. "(b) PROGRESS REPORT.—Each annual report of the National Advisory Council on International Monetary and Financial Policies shall describe the following: "(1) The actions that the United States Executive Director and other officials have taken to convince the Fund to adopt the proposals set forth in subsection (a) through formal initiatives before the Board and management of the Fund, through bilateral discussions with other member nations, and through any further quota increase negotiations. "(2) The status of the progress being made by the Fund in implementing the proposals set forth in subsection (a). "(c) STUDY.— The Secretary of the Treasury shall instruct the United States Executive Director to the Fund to urge the Fund— "(1) to explore ways to increase the involvement and participation of important ministries, national development experts, environmental experts, free-market experts, and other legitimate experts and representatives from the loan-recipient country in the development of Fund programs; and "(2) to report on the status of Fund efforts in this regard.". SEC. 1003. REDUCTION OF MILITARY SPENDING AND PROMOTION OF LONG-TERM SUSTAINABLE ECONOMIC GROWTH BY DEVELOPING NATIONS. The Bretton Woods Agreements Act (22 U.S.C. 286 and following) is amended by adding after the sections added by sections 1001 and 1002 of this Act the following: "SEC. 60. MEASURES TO REDUCE MILITARY SPENDING BY DEVELOP- 22 USC 286mm. ING NATIONS. " (a) DEVELOPMENT BY THE FUND OF MEANS TO MEASURE MILI- TARY SPENDING.— "(1) POSITION OF THE UNITED STATES.— The United States Executive Director of the Fund shall use the voice and vote of the United States to urge the Fund, in consultation with the Bank, to continue to develop an economic methodology

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