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U.S. Code as of:
01/19/04
Section 262g-2. Establishment of guidelines for international financial institutions
(a) Consultation with representatives of member countries
The Secretary of the Treasury shall consult with 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) Congressional findings regarding implementation of objectives
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 section if they are designed and implemented
properly. For the purposes of this title, "needy people" means
those people living in "absolute" or "relative" poverty as
determined under the standards employed by the International Bank
for Reconstruction and Development and the International
Development Association.
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