[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3063 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 3063

 To authorize United States participation in the replenishment of the 
 resources of the International Development Association and the Asian 
  Development Bank, to authorize a United States contribution to the 
Global Environment Facility, to authorize the provision of special debt 
  relief for the poorest, most heavily indebted countries through the 
    multilateral approach of the Paris Club, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 14, 1993

  Mr. Frank of Massachusetts introduced the following bill; which was 
    referred to the Committee on Banking, Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To authorize United States participation in the replenishment of the 
 resources of the International Development Association and the Asian 
  Development Bank, to authorize a United States contribution to the 
Global Environment Facility, to authorize the provision of special debt 
  relief for the poorest, most heavily indebted countries through the 
    multilateral approach of the Paris Club, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``International Development and Debt 
Relief Act of 1993''.

             TITLE I--INTERNATIONAL DEVELOPMENT ASSOCIATION

SEC. 101. TENTH REPLENISHMENT.

    The International Development Association Act (22 U.S.C. 284-284s) 
is amended by adding at the end the following:

``SEC. 22. TENTH REPLENISHMENT.

    ``(a) Authority to Agree to Replenishment Resolution.--The United 
States Governor may, on behalf of the United States, agree to the 
resolution of the Association entitled `Additions to Resources: Tenth 
Replenishment'.
    ``(b) Contribution Authority.--The United States Governor may, on 
behalf of the United States, contribute funds to the Association for 
the subscription and contribution of the United States in accordance 
with the resolution specified in subsection (a), subject to obtaining 
the necessary appropriations.
    ``(c) Limitations on Authorization of Appropriations.--In order to 
pay for the United States contribution authorized by subsection (b), 
there are authorized to be appropriated for payment by the Secretary of 
the Treasury $3,750,000,000, without fiscal year limitation.''.

SEC. 102. ADVOCACY OF CERTAIN POLICIES.

    (a) In General.--Title XVI of the International Financial 
Institutions Act (22 U.S.C. 262p-262p-5) is amended by redesignating 
section 1620 as section 1621 and by inserting after section 1619 the 
following:

``SEC. 1620. ADVOCACY OF CERTAIN POLICIES.

    ``The Secretary of the Treasury shall instruct the United States 
Executive Directors of the International Bank for Reconstruction and 
Development and the International Development Association to use the 
voices and votes of the Executive Directors to encourage vigorously 
their respective institutions to--
            ``(1) develop new methodologies to evaluate adequately the 
        effectiveness of the projects and programs of the respective 
        institution in improving, on a sustainable basis, the standard 
        of living of the poorest segments of the populations of the 
        borrowing countries, and increase the amount of resources of 
        the respective institution devoted to the projects and programs 
        identified as most effective;
            ``(2) include affected populations, local governments, and 
        nongovernmental organizations in all phases of the project 
        cycle, from project identification to post-project evaluation;
            ``(3) include the economic empowerment of women as a factor 
        in evaluating the projects and programs of the respective 
        institution;
            ``(4) encourage borrowing countries to redirect military 
        expenditures to fund investments in human capital, including 
        measures that promote education, training, and health;
            ``(5) evaluate adequately, through environmental impact 
        assessments, the effect on the environment and nonrenewable 
        resource base of recipients' economic growth strategies and the 
        structural adjustment and sector lending programs of the 
        respective institution; and
            ``(6) maintain or expand debt relief programs; and
            ``(7) promote good governance and the rule of law in 
        borrowing countries, by promoting fair and workable laws that 
        are--
                    ``(A) necessary for economic development, private 
                sector development, and human rights;
                    ``(B) fully communicated to the public; and
                    ``(C) administered by an independent and well-
                trained judiciary.''.
    (b) Reports to the Congress.--Not later than September 30, 1994, 
and not later than September 30, 1995, the Secretary of the Treasury 
shall submit to the Committee on Banking, Finance and Urban Affairs of 
the House of Representatives and the Committee on Foreign Relations of 
the Senate reports on the efforts made pursuant to section 1620 of the 
International Financial Institutions Act, and the results of such 
efforts.

SEC. 103. USE OF LOANS FOR MILITARY DEMOBILIZATION.

    Title XVI of the International Financial Institutions Act (22 
U.S.C. 262p-262p-5), as amended by section 102 of this Act, is amended 
by redesignating section 1621 as section 1622 and by inserting after 
section 1620 the following:

``SEC. 1621. USE OF LOANS FOR MILITARY DEMOBILIZATION.

    ``The Secretary of the Treasury shall instruct the United States 
Executive Director of the International Development Association to use 
the voice and vote of the Executive Director to encourage the 
Association to emphasize the importance of facilitating the 
demobilization of military forces.''.

                    TITLE II--ASIAN DEVELOPMENT BANK

SEC. 201. FIFTH REPLENISHMENT.

    The Asian Development Bank Act (22 U.S.C. 285-285aa) is amended by 
adding at the end the following:

``SEC. 31. FIFTH REPLENISHMENT.

    ``(a) Authority to Agree to Replenishment Resolution.--The United 
States Governor may, on behalf of the United States, agree to the 
resolution of the Bank entitled `Fifth Replenishment of the Asian 
Development Fund and Second Regularized Replenishment of the Technical 
Assistance Special Fund'.
    ``(b) Contribution Authority.--The United States Governor may, on 
behalf of the United States, contribute funds to the Asian Development 
Fund, a special fund of the Bank, for the subscription and contribution 
of the United States in accordance with the resolution specified in 
subsection (a), subject to obtaining the necessary appropriations.
    ``(c) Limitations on Authorization of Appropriations.--In order to 
pay for the United States contribution authorized by subsection (b), 
there are authorized to be appropriated for payment by the Secretary of 
the Treasury $680,000,000 without fiscal year limitation.''.

                 TITLE III--GLOBAL ENVIRONMENT FACILITY

SEC. 301. GLOBAL ENVIRONMENT FACILITY.

    The Bretton Woods Agreement Act (22 U.S.C. 286-286mm) is amended by 
adding at the end the following:

``SEC. 61. GLOBAL ENVIRONMENT FACILITY.

    ``(a) Contribution Authorized.--The Secretary of the Treasury may 
contribute to the Global Environment Facility $30,810,000, subject to 
obtaining the necessary appropriations.
    ``(b) Limitations on Authorization of Appropriations.--In order to 
pay for the United States contribution provided for in subsection (a), 
there are authorized to be appropriated for payment by the Secretary of 
the Treasury, $30,810,000 without fiscal year limitation, if, not later 
than September 30, 1994, the Secretary of the Treasury has certified 
that--
            ``(1) the Facility has established clear procedures 
        ensuring public availability of documentary information on all 
        Facility projects;
            ``(2) the Facility has established clear procedures 
        ensuring that affected peoples in recipient countries are 
        consulted on all aspects of identification, preparation, and 
        implementation of Facility projects; and
            ``(3) the Facility governance process will provide for 
        contributor country oversight of individual projects in the 
        work program, and specific provisions will be established for 
        the participation of nongovernmental organizations in all 
        phases of the project cycle, including identification, 
        appraisal, implementation, and evaluation.''.

           TITLE IV--REGIONAL MULTILATERAL DEVELOPMENT BANKS

SEC. 401. ADVOCACY OF CERTAIN POLICIES.

    (a) In General.--Title XVI of the International Financial 
Institutions Act (22 U.S.C. 262p-262p-5), as amended by sections 102 
and 103 of this Act, is amended by redesignating section 1622 as 
section 1623 and by inserting after section 1621 the following:

``SEC. 1622. ADVOCACY OF CERTAIN POLICIES.

    ``The Secretary of the Treasury shall instruct the United States 
Executive Directors of each regional multilateral development bank and 
of the European Bank for Reconstruction and Development to use their 
voices and votes to encourage vigorously their respective institutions 
to--
            ``(1) develop new methodologies to evaluate adequately the 
        effectiveness of projects and programs of the respective 
        institution in improving, on a sustainable basis, the standard 
        of living of the poorest segments of the populations of the 
        borrowing countries, and increase the amount of resources of 
        the respective institution devoted to the projects and programs 
        identified as most effective;
            ``(2) include affected populations, local governments, and 
        nongovernmental organizations in all phases of the project 
        cycle, from project identification to post-project evaluation;
            ``(3) include the economic empowerment of women as a factor 
        in evaluating projects and programs of the respective 
        institution;
            ``(4) encourage borrowing countries to redirect military 
        expenditures to fund investments in human capital, including 
        measures that promote education, training, and health; and
            ``(5) evaluate adequately, through environmental impact 
        assessments, the effect on the environment and nonrenewable 
        resource base of recipients' economic growth strategies and 
        structural adjustment and sector lending programs of the 
        respective institution.''.
    (b) Reports to the Congress.--Not later than September 30, 1994, 
and not later than September 30, 1995, the Secretary of the Treasury 
shall submit to the Committee on Banking, Finance and Urban Affairs of 
the House of Representatives and the Committee on Foreign Relations of 
the Senate reports on the efforts made pursuant to section 1622 of the 
International Financial Institutions Act, and the results of such 
efforts.

                      TITLE V--SPECIAL DEBT RELIEF

SEC. 501. SPECIAL DEBT RELIEF FOR THE POOREST, MOST HEAVILY INDEBTED 
              COUNTRIES.

    (a) Debt Reduction Authority.--The President may reduce amounts of 
principal and interest owed by any eligible country to the Export-
Import Bank of the United States as a result of loans or guarantees 
made under the Export-Import Bank Act of 1945.
    (b) Limitations.--
            (1) Types of debt reduction.--The authority provided by 
        subsection (a) may be exercised only to implement multilateral 
        agreements to reduce the burden of official bilateral debt as 
        set forth in the minutes of the so-called ``Paris Club'' (also 
        known as ``Paris Club Agreed Minutes'').
            (2) Eligible countries.--
                    (A) Definition.--As used in subsection (a), the 
                term ``eligible country'' means any country that--
                            (i) has excessively burdensome external 
                        debt;
                            (ii) is eligible to borrow from the 
                        International Development Association; and
                            (iii) is not eligible to borrow from the 
                        International Bank for Reconstruction and 
                        Development.
                    (B) Determinations.--Subject to subparagraph (A), 
                the President may determine whether a country is an 
                eligible country for purposes of subsection (a).
                    (C) Authority to exclude countries with 
                unacceptable human rights records or excessive military 
                expenditures.--Notwithstanding subparagraphs (A) and 
                (B), a country shall not be an eligible country for 
                purposes of subsection (a) if, in the sole discretion 
                of the President, the President determines that--
                            (i) the human rights record of the country 
                        is unacceptable; or
                            (ii) the level of military expenditures by 
                        the country is excessive.
            (3) Appropriations.--The authority provided by subsection 
        (a) may be exercised only in such amounts or to such extent as 
        is provided in advance in appropriations Acts.
    (c) Limitations on Authorization of Appropriations.--For debt 
reduction pursuant to this section, there are authorized to be 
appropriated to the President $48,300,000, without fiscal year 
limitation, except that not more than $11,500,000 may be so 
appropriated for fiscal year 1994.
    (d) The Congress encourages the President to use the amounts 
appropriated pursuant to subsection (c) to reduce the bilateral debt of 
any eligible country in accordance with the so-called ``Trinidad 
Terms''.

                TITLE VI--MEASURES OF MILITARY SPENDING

SEC. 601. JOINT DEVELOPMENT OF MEASURES OF MILITARY SPENDING.

    Section 60 of the Bretton Woods Agreements Act (22 U.S.C. 286mm) is 
amended--
            (1) in subsection (a)--
                    (A) in paragraph (1)--
                            (i) by striking ``by the Fund'';
                            (ii) by striking ``Director of the Fund'' 
                        and inserting ``Directors of the Fund and of 
                        the Bank'';
                            (iii) by striking ``urge the Fund, in 
                        consultation with the Bank, to continue to 
                        develop'' and inserting ``urge the Fund and the 
                        Bank to cooperate and coordinate in the 
                        continued development of''; and
                            (iv) by inserting ``, and in the reporting 
                        of such levels'' before the period; and
                    (B) in paragraph (2), by inserting ``and the Bank'' 
                after ``Fund''; and
            (2) in subsection (b)--
                    (A) by striking ``by Fund'';
                    (B) by striking ``Director of the Fund'' and 
                inserting ``Directors of the Fund and of the Bank'';
                    (C) by striking ``urge the Fund'' and inserting 
                ``urge the Fund and the Bank'';
                    (D) by striking ``Board of the Fund'' and inserting 
                ``Boards of the Fund and of the Bank, respectively,''; 
                and
                    (E) by striking ``estimate by the Fund'' and 
                inserting ``joint estimate of the Fund and the Bank''.

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