The Secretary of the Treasury shall—
take all necessary steps to encourage the International Bank for Reconstruction and Development to limit—
section 286hh(b) of this title the aggregate value of the policy based loans made by such bank (other than for the purpose described in ) in any fiscal year of such bank beginning after , to 25 percent of the aggregate value of all loans made by such bank in such fiscal year; and
section 286hh(b) of this title the aggregate value of the policy based loans made by such bank to the government of a particular country (other than for the purpose described in ) in any fiscal year of such bank beginning after , and occurring during any period of 3 consecutive fiscal years of such bank (determined after disregarding any such fiscal year in which such bank did not make a policy based loan to such government), to 50 percent of the aggregate value of all loans made by such bank to such government during such 3-year period;
instruct the United States Executive Director of such bank to propose and actively seek the adoption by the board of Executive Directors of such bank of a resolution establishing as official bank operating policy for fiscal years 1990 through 1995 of such bank the limits specified in paragraph (1); and
until the resolution described in paragraph (2) is adopted, undertake, in consultation with the Secretary of State, discussions with other member country governments to secure the consent and cooperation of such governments with respect to the adoption of the limits specified in paragraph (1).
Pub. L. 100–461, title V, § 555102 Stat. 2268–36(, , .)
Editorial Notes
Codification
Pub. L. 100–461Section is based on section 4 of H.R. 4645, One Hundredth Congress, as reported , and enacted into law by .
act July 31, 1945, ch. 33959 Stat. 512Section was not enacted as part of , , known as the Bretton Woods Agreements Act, which comprises this subchapter.