Page:United States Statutes at Large Volume 97.djvu/1319

 PUBLIC LAW 98-181—NOV. 30, 1983 97 STAT. 1287 (4) the multilateral development banks already play an im- portant, although indirect, role in encouraging private invest- ment flows. (b)(l)(A) The Secretary of the Treasury shall conduct a study of how the multilateral development institutions could more actively encourage foreign direct investment and commercial capital flows and channel such investment and capital flows to developing coun- tries for sound and productive development projects through the International Finance Corporation in cooperation with the multilat- eral development institutions or through a new investment banking facility at one or more of these institutions. (B) In addition, such study shall evaluate whether the multilateral development institutions could help increase foreign direct invest- ment and commercial capital flows by insuring that the interests of investors and host governments are adequately protected. (2) The Secretary of the Treasury shall solicit comments on such study from the multilateral development institutions and shall incorporate such comments with the study in a report to be trans- mitted to both Houses of the Congress within one hundred and eighty days of the date of the enactment of this section. Comments and report to Congress. PERSONNEL PRACTICES SEC. 1006. (a) It shall be the policy of the United States that no initiatives, discussions, or recommendations concerning the place- ment or removal of any Inter-American Development Bank, Asian Development Bank, or African Development Bank personnel shall be based on the political philosophy or activity of the individual under consideration. (b) The Secretary of the Treasury shall consult with the Chairman and ranking minority member of the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate and the relevant subcommittees prior to any discussions or recommendations by any official of the United States Government concerning the placement or removal of any principal officer of the Inter-American Develop- ment Bank, Asian Development Bank, or African Development Bank management. 22 USC 276C-3. Consultation with congressional committees. TITLE XI—IMF APPROPRIATION IMF APPROPRIATION SEC. 1101. (a) Notwithstanding any other provision of this Act, there is appropriated for an increase in the United States quota in the International Monetary Fund, the dollar equivalent of 5,310,800,000 Special Drawing Rights, to remain available until expended. (b) Notwithstanding any other provision of this Act, there is appropriated for an increase in loans to the International Monetary Fund under the General Arrangements to Borrow, the dollar equiv- alent of 4,250,000,000 Special Drawing Rights less $2,000,000,000 previously appropriated by the Act of October 23, 1962 (Public Law 87-872, 76 Stat. 1163), pursuant to the authorization contained in section 17 of the Bretton Woods Agreements Act and merged with this appropriation, to remain available until expended. 22 USC 286e-2.

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