Title 22, Foreign Relations and IntercourseRelease 119-110

§283m Additional Increases in Resources of the Fund for Special Operations

Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XII — INTER-AMERICAN DEVELOPMENT BANK › § 283m

Last updated Sep 22, 2026|Official source

Summary

Authorizes the United States Governor at the Bank to vote for a resolution (proposed at the April 1967 meeting) to increase the Fund for Special Operations by $1,200,000,000. If that resolution passes, the U.S. can agree to pay $900,000,000 to the Fund under the resolution’s terms. It requires that any local cost financing from these funds be kept as small as possible because of the U.S. balance-of-payments deficit. The U.S. Governor may also vote for an amendment to Annex C to change how Executive Directors are chosen. Congress may provide $900,000,000 for the U.S. share with no fiscal-year limit. The United States must use its vote to block any loan that would help a country get sophisticated or heavy military equipment.

Full Legal Text

Title 22, §283m

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)Authorization of vote; payment to Fund

The United States Governor of the Bank is hereby authorized to vote in favor of the resolution entitled “Increase of $1,200,000,000 in Resources of Fund for Special Operations” proposed by the Governors at their annual meeting in April 1967 and now pending before the Board of Governors of the Bank. Upon the adoption of such resolution, the United States Governor is authorized to agree, on behalf of the United States, to pay to the Fund for Special Operations of the Bank, the sum of $900,000,000, in accordance with and subject to the terms and conditions of such resolution, and subject to the further condition that in consideration of the United States balance-of-payments deficit any local cost financing, by project or otherwise, with the funds authorized under this section to be held to the minimum possible level. The United States Governor is also authorized to vote in favor of the amendment to Annex C of the agreement, now pending before the Board of Governors of the Bank, to modify the procedure employed in the election of Executive Directors.

(b)Authorization of appropriations

There is hereby authorized to be appropriated without fiscal year limitation, for the United States share in the increase in the resources of the Fund for Special Operations of the Bank, the sum of $900,000,000.

(c)Loan disapproval by the United States

The voting power of the United States shall be exercised for the purpose of disapproving any loan which might assist the recipient country directly or indirectly to acquire sophisticated or heavy military equipment.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283m

Title 22, Foreign Relations and Intercourse

Last Updated

Sep 22, 2026

Release point: 119-110