Page:United States Statutes at Large Volume 107 Part 1.djvu/958

 107 STAT. 932 PUBLIC LAW 103-87 —SEPT. 30, 1993 on all aspects of identification, preparation, and implementation of Facility projects and associated projects of the Facility implementing agencies: Provided further. That in the event the Secretary of the Treasury has not made such determinations by September 30, 1994, Amds appropriated under this heading for the GEF shall be transferred to the Agency for International Development and used for activities associated with the GEF and the Global Warming Initiative. LIMITATION ON CALLABLE CAPITAL SUBSCRIPTIONS The United States Governor of the International Bank for Reconstruction and Development may subscribe without fiscal year limitation to the callable capital portion of the United States snare of increases in capital stock in an amount not to exceed $1,804,879,000: Provided, That the Secretary of the Treasury shall instruct the United States Executive Director to each of the international financial institutions (IFIs) to use the voice and vote of the United States to urge that each of the IFIs establish an independent entity appointed by and reporting to the executive board, with the authority and functions of an inspector general: Reports. Provided further. That on or before March 31, 1994, the Secretary of the Treasury shall submit a report to the Committees on Appropriations on the progress being made towards establishing such entities: Provided further. That the Secretary of the Treasury shall consult and work with appropriate international fora to establish an independent commission to review the operations and management structure of the IFIs: Provided further. That the commission, which should be funded from the budgets of the IFIs, would be comprised of members of various nationalities who are familiar Reports. with the management and operations of the IFIs: Provided further. That on or before March 31, 1994, the Secretary of the Treasury shall submit a report to the Committees on Appropriations on the progress being made towards establishing the commission. CONTRIBUTION TO THE INTERNATIONAL DEVELOPMENT ASSOCIATION For payment to the International Development Association by the Secretary of the Treasury, $1,024,332,000, for the United States contribution to the replenishment, to remain available until expended. CONTRIBUTION TO THE INTERNATIONAL FINANCE CORPORATION For payment to the International Finance Corporation by the Secretary of the Treasury, $35,761,500, for the United States share of the increase in subscriptions to capital stock, to remain available until expended: Provided, That of the amount appropriated under this heading not more than $5,364,000 may be expended for the purchase of such stock in fiscal year 1994. CONTRIBUTION TO THE INTER-AMERICAN DEVELOPMENT BANK For payment to the Inter-American Development Bank by the Secretary of the Treasury for the United States share of the paidin share portion of the increase in capital stock, $56,166,000, and for the United States share of the increases in the resources of the Fund for Special Operations, $20,164,000, to remain available until expended.

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