PRIA, Government Policy, Made Personal

Summary

The Treasury Secretary must tell every U.S. executive director at international financial institutions to vote against any loan or other use of those institutions’ money for a country that the Secretary of State has named under section 4605(j) of title 50 or section 2371 of this title. “International financial institution” here means major global and regional development banks and the IMF — for example, the International Bank for Reconstruction and Development, the International Development Association, the International Monetary Fund, the Inter‑American, Asian, European, and African development banks and funds — and any similar institution created after April 24, 1996.

Title 22, §262p–4q

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)The Secretary of the Treasury shall instruct the United States executive director of each international financial institution to use the voice and vote of the United States to oppose any loan or other use of the funds of the respective institution to or for a country for which the Secretary of State has made a determination under section 4605(j) 11 See References in Text note below. of title 50 or section 2371 of this title.

(b)For purposes of this section, the term “international financial institution” includes—

(1)the International Bank for Reconstruction and Development, the International Development Association, and the International Monetary Fund;

(2)wherever applicable, the Inter-American Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the African Development Bank, and the African Development Fund; and

(3)any similar institution established after April 24, 1996.

Notes & Related Subsidiaries

Editorial Notes

References in Text

section 4605(j) of title 50, referred to in subsec. (a), was repealed by Pub. L. 115–232, div. A, title XVII, § 1766(a), Aug. 13, 2018, 132 Stat. 2232. Codification Another section 1621 of Pub. L. 95–118 is classified to section 262p–4p of this title.

Statutory Notes and Related Subsidiaries

Similar ProvisionsSimilar provisions are contained in section 262p–11 of this title. Definitions The definitions in section 262p–5 of this title apply to this section.

§262p–4q Opposition to Assistance by International Financial Institutions to Terrorist States