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Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§283z Proposal of Light-capital or Intermediate Technologies as Part of Bank’s Development Strategy

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XII— INTER-AMERICAN DEVELOPMENT BANK › § 283z

Last updated Apr 5, 2026|Official source

Summary

The United States Executive Director at the Bank must ask the Bank’s Board to adopt a resolution saying that light-capital or intermediate technologies should be a main part of the Bank’s development plan and should be used as soon as possible in Bank activities. The resolution must also call for some projects that mainly use these technologies to be designed and approved by the close of the calendar year 1977. The United States Governor at the Bank must report to Congress on that proposal no later than six months after May 31, 1976, and must report again on progress no later than twelve months after that date.

Full Legal Text

Title 22, §283z

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The United States Executive Director of the Bank shall propose to the Board of Executive Directors of the Bank the adoption of a resolution providing (1) that the development and utilization of light-capital or intermediate technologies should be accepted as major facets of the Bank’s development strategy, and (2) that such light-capital or intermediate technologies should be developed and utilized as soon as possible in all Bank activities. Such resolution shall further provide that, by the close of the calendar year 1977, some projects that employ primarily such light-capital or intermediate technologies shall be designed and approved.
(b)The United States Governor of the Bank shall report to the Congress no later than six months after May 31, 1976, on the proposal made under subsection (a), and no later than twelve months after such date on the progress that has been made with respect to such proposal.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 28 of Pub. L. 86–147, as added by section 103(a)(1) of Pub. L. 94–302, was classified to section 283y of this title prior to repeal by Pub. L. 95–118, title VII, § 702, Oct. 3, 1977, 91 Stat. 1070.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283z

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60