§262p–15 United States policy on Burma at the International Monetary Fund, the World Bank Group, and the Asian Development Bank

Summary

The Secretary of the Treasury must tell the United States Executive Directors at the International Monetary Fund, the World Bank Group, and the Asian Development Bank to oppose and vote against any loan or financial help to Burma that goes through the State Administration Council or any military-controlled successor. Humanitarian aid is allowed only if it is sent through a group that the Burmese military does not control. Within 60 calendar days after a World Bank Group or Asian Development Bank board meeting, the Treasury Secretary must send the House Committee on Financial Services and the Senate Committee on Foreign Relations any written statement the U.S. Executive Director gave at that meeting about U.S. policy or positions on Burma. The President can waive the rule case-by-case if he certifies to those two committees that the waiver will either greatly help deliver humanitarian aid to Burma’s civilians (with details about the need, the aid, how it will be delivered, and safeguards) or is otherwise in the national interest (with reasons). World Bank Group means: the International Bank for Reconstruction and Development; the International Development Association; the International Finance Corporation; and the Multilateral Investment Guarantee Agency.