§285j United States Special Resources

Summary

Provide money from the United States Special Resources for important development projects and programs in developing member countries, with a focus on Southeast Asia. The Bank can only use these funds to make more flexible development loans than its regular loans and to give reimbursable technical assistance credits. The money is meant mostly to buy goods made in or services supplied from the United States, unless the United States Governor, after consulting the National Advisory Council on International Monetary and Financial Policies, allows buying from other member countries because it would greatly help and be consistent with the U.S. international financial position. The funds can pay administrative costs only if those costs aren’t covered by the Bank’s service fee or income from these resources. Borrowers must repay all financing in United States dollars.