Title 22, Foreign Relations and IntercourseRelease 119-73not60
§262n–1 Increase in Income and Employment in Developing Countries; Enhancement of Purchasing Power; Diversification Away From Single Crop or Product Economies
Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › § 262n–1
Summary
After consulting Agriculture and Interior as needed, the Treasury Secretary must tell U.S. executive directors at these banks to work with others to boost jobs and incomes—especially for the rural poor—and to help countries shift from single-crop economies to cut large price swings.
Full Legal Text
Title 22, §262n–1
Foreign Relations and Intercourse, Source: USLM XML via OLRC
The Secretary of the Treasury, after consultations with the Secretary of Agriculture and the Secretary of the Interior (to the extent appropriate) on markets and prices for commodities, shall periodically instruct the United States Executive Director of each multilateral development bank to work with other executive directors of the respective bank to continue to—
(1)support activities which result in broad increases in income and employment and enhance purchasing power in developing countries, particularly among the rural poor; and
(2)encourage diversification away from single crop or product economies in developing countries to help reduce wide fluctuations in commodity prices and the adverse impact of abrupt changes in the terms of trade.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification section 1402 of Pub. L. 95–118 is based on section 701 of title VII of H.R. 3750, One Hundredth Congress, as introduced Dec. 11, 1987, and enacted into law by Pub. L. 100–202.
Statutory Notes and Related Subsidiaries
Definitions The definitions in section 262p–5 of this title apply to this section.
Reference
Citations & Metadata
Citation
22 U.S.C. § 262n–1
Title 22, Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60