Page:United States Statutes at Large Volume 95.djvu/771

 PUBLIC LAW 97-35—AUG. 13, 1981

95 STAT. 745

(c) Section 23(b) of the Asian Development Bank Act (22 U.S.C. 285t(b)) is amended by striking out the period and inserting in lieu thereof the following: ": Provided, however, That not more than $14,116,177 may be made available for such contribution for the fiscal year 1982.". FUTURE SUBSCRIPTIONS OF STOCK TO THE ASIAN DEVELOPMENT BANK

SEC. 1353. Section 22(a) of the Asian Development Bank Act (22 U.S.C. 285s(a)) is amended by striking out '.'That any subscription to additional shares shall be made only after the amount required for such subscription has been appropriated" and inserting in lieu thereof "That any subscription to additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts". PART 5-TARGETING ASSISTANCE TO THE NEEDY; CONGRESSIONAL CONSULTATIONS AMENDMENTS TO PUBLIC LAW 95-118

SEC. 1361. (a) Public Law 95-118 (22 U.S.C. 262c et seq.) is amended by inserting immediately after the enacting clause the following: "SHORT TITLE

1. This Act may be cited as the 'International Financial 22 USC 262c Institutions Act'". ^• (b) Public Law 95-118 is further amended by adding at the end thereof the following new titles: "SECTION

"TITLE XI-TARGETING ASSISTANCE TO THE NEEDY "SEC. 1101. (a) The Congress finds that there is a need for concerted 22 USC 262g-i. international efforts to deal with the problems of malnutrition, low life expectancy, childhood disease, underemployment, and low productivity in developing countries. "(b) The Congress notes with approval that the Inter-American Development Bank, under the terms of its Fifth Replenishment, has adopted the target that 50 percent of its lending benefit the poorest groups and has developed a usable methodology for determining the proportion of its lending which benefits such groups. "SEC. 1102. (a) The Secretary of the Treasury shall consult with 22 USC 262g-2. representatives of other member countries of the International Bank for Reconstruction and Development, the International Development Association, the Asian Development Bank, the African Development Fund, and the African Development Bank (if the United States becomes a member of that Bank), for the purpose of establishing guidelines within each of those institutions which specify that, in a manner consistent with the purposes and charters of those institutions, a specified proportion of the annual lending by each institution shall be designed to benefit needy people, primarily by financing sound, efficient, productive, self-sustaining projects designed to benefit needy people in developing countries, thus helping poor people improve their conditions of life. "(b) The Congress finds that projects to construct basic infrastructure, to expand productive capacity (including private enterprise), and to address social problems can all meet the objectives of this

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