Page:United States Statutes at Large Volume 106 Part 4.djvu/625

 PUBLIC LAW 102-511—OCT. 24, 1992 106 STAT. 3361 feasibility of a currency stabilization fund for Ukraine, and, if it is found that such a fund is needed and is feasible, which considers and makes recommendations with respect to the economic and policy conditions required for the success of such a fund. SEC. 1005. ROLE OF THE INTERNATIONAL FINANCE CORPORATION IN SUPPORTING ECONOMIC RESTRUCTURING IN THE INDEPENDENT STATES OF THE FORMER SOVIET UNION. The International Finance Corporation Act (22 U.S.C. 282- 282k) is amended by adding at the end the following: "SEC. 15. AUTHORITY TO VOTE FOR CAPITAL INCREASES NECESSARY 22 USC 282m. TO SUPPORT ECONOMIC RESTRUCTURING IN THE INDEPENDENT STATES OF THE FORMER SOVIET UNION. 'The United States (jovemor of the Corporation may vote in favor of any increase in the capital stock of the Corporation that may be needed to accommodate the requirements of the independent states of the former Soviet Union (as defined in section 3 of the Freedom for Russia and Emerging Eurasian Democracies and Open Markets Support Act of 1992).". SEC. 1006. AUTHORITY TO AGREE TO AMENDMENTS TO THE ARTICLES 22 USC 282n. OF AGREEMENT OF THE INTERNATIONAL FINANCE COR- PORATION. The International Finance Corporation Act (22 U.S.C. 282- 282k) is amended by adding after the section added by section 1005 of this Act the following: "SEC. 16. AUTHORITY TO AGREE TO AMENDMENTS TO THE ARTICLES OF AGREEMENT. "The United States (jovemor of the Corporation is authorized to agree to amendments to the Articles of Agreement of the Corporation that would— "(1) amend Article II, Section 2(c)(ii), to increase the vote by which the Board of Governors of the Corporation may increase the capital stock of the Corporation from a threefourths majority to a four-fifths majority; and "(2) amend Article Vll(a) to increase the vote by which the Board of Governors of the Corporation may amend the Articles of Agreement of the Corporation from a four-fifths majority to an eighty-five percent majority.". SEC. 1007. REPORT ON DEBT OF THE FORMER SOVIET UNION HELD 22 USC 5812 BY COMMERCIAL FINANCIAL INSTITUTIONS. note. The Secretary of the Treasury, using information available from the International Monetary Fund, the International Bank for Reconstruction and Development, and other appropriate international financial institutions, shall report to the Congress, not later than one year after the date of enactment of this Act, on the debt incurred by the former Soviet Union that is held by commercial financial institutions outside the independent states of the former Soviet Union that are obligated on such debt. SEC. 1008. HUMAN RIGHTS. (a) ADVANCEMENT OF HUMAN RIGHTS THROUGH THE IMF AND EBRD. —Section 701(a) of the International Financial Institutions Act (22 U.S.C. 262d(a)) is amended by striking "and the African Development Bank," and inserting "the African Development Bank,

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