Page:United States Statutes at Large Volume 123.djvu/894

 123STA T .874PUBLIC LA W 111 – 8 —M A R .11, 2 0 0 9(2)as s i s t a ncefor an yp ro g ra m, pro j ect, or acti v ity t h at contri bu tes to the vio l ation of internationally recogni z e dw or k ers rights, as defined in section 507 ( 4 ) of the T rade A ct of 19 74, of workers in the recipient country, including any designated zone or area in that country
 * Provide

d, That the application of section 507(4)( D )and( E ) of such Act should be commensurate with the level of development of the recipient country and sector, and shall not preclude assistance for the informal sector in such country, micro and small - scale enter- prise, and smallholder agriculture .INTER N A TI O NA LF INAN C IAL IN S TIT U TIONS S EC. 70 3 0. (a) N one of the funds appropriated in title V of this Act may be made as payment to any international financial institution while the U nited States E x ecutive Director to such institution is compensated by the institution at a rate which, together with whatever compensation such Director receives from the United States, is in excess of the rate provided for an individual occupying a position at level I V of the Executive Schedule under section 5315 of title 5, United States C ode, or while any alternate United States Director to such institution is compensated by the institution at a rate in excess of the rate provided for an individual occupying a position at level V of the Executive Schedule under section 531 6 of title 5, United States Code. (b) The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution to oppose any loan, grant, strategy or policy of these institutions that would re q uire user fees or service charges on poor people for primary education or primary healthcare, including prevention, care and treatment for H IV / AIDS, malaria, tuberculosis, and infant, child, and maternal well-being, in connection with the institutions ’ financing programs. (c) The Secretary of the Treasury shall instruct the United States Executive Director at the International M onetary F und to use the voice and vote of the United States to oppose any loan, project, agreement, memorandum, instrument, or other program of the International Monetary Fund that would not exempt increased government spending on health care or education from national budget caps or restraints, hiring or wage bill ceilings or other limits imposed by the International Monetary Fund in Heavily Indebted P oor Countries. (d) For purposes of this section ‘ ‘international financial institu- tions’’ are the International B ank for R econstruction and Develop- ment, the Inter-American Development Bank, the Asian Develop- ment Bank, the Asian Development Fund, the African Development Bank, the African Development Fund, the International Monetary Fund, the North American Development Bank, and the European Bank for Reconstruction and Development. D E B T-FOR-DE V ELO PM ENT SEC. 7031. In order to enhance the continued participation of nongovernmental organizations in debt-for-development and debt- for-nature exchanges, a nongovernmental organization which is a grantee or contractor of the United States Agency for International Development may place in interest bearing accounts local currencies which accrue to that organization as a result of economic assistance Notif i ca tio n.