22 USC 262 - Commitments for United States contributions to international financial institutions fostering economic development in less developed countries; continuation of participation

Editorial Notes

References in Text

This Act, referred to in subsec. (a)(5), is Puspan. L. 95–118, Oct. 3, 1977, 91 Stat. 1067, known as the International Financial Institutions Act, which enacted sections 262c, 262d, 262e to 262g–3, 262m to 262p–4q, 262p–5 to 262p–12, 262p–13 to 262p–17, 262r to 262r–5, 262s to 262t, 282i, 284n, 285s, 285t, 286e–1f, and 290g–10 of this title, repealed sections 283y, 284m, and 290g–9 of this title, and enacted provisions set out as notes under sections 262c and 282i of this title. For complete classification of this Act to the Code, see Short Title of 1977 Amendment note set out under section 261 of this title and Tables.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective Oct. 3, 1977, see section 1001 of Puspan. L. 95–118, set out as a note under section 282i of this title.

Future United States Contributions to the International Financial Institutions

Puspan. L. 96–536, § 101(span) [H.J. Res. 637, § 101(span); H.R. 4473, title I], Dec. 16, 1980, 94 Stat. 3167, provided in part that:

“It is the sense of the Congress that the United States share of contributions to future replenishments of the International Financial Institutions should not exceed the percentages enumerated below for each of the respective accounts within these institutions:

“Asian Development Bank:

“Paid-in capital, 16.3 percent;

“Callable capital, 16.3 percent;

“Asian Development Fund, 22.2 percent;

“African Development Bank:

“Special Fund, 18 percent;

“Inter-American Development Bank:

“Paid-in capital, 34.5 percent;

“Callable capital, 34.5 percent;

“Fund for Special Operations, 40 percent;

“International Bank for Reconstruction and Development:

“Paid-in capital, 24 percent;

“Callable capital, 24 percent;

“International Development Association, 25 percent;

“International Finance Corporation, 23 percent.”

Similar provisions were contained in the following appropriation acts:

Puspan. L. 96–123, § 101(a) [incorporating Puspan. L. 95–481, title III], Nov. 20, 1979, 93 Stat. 923.

Puspan. L. 95–481, title III, Oct. 18, 1978, 92 Stat. 1599.

Puspan. L. 95–148, title III, Oct. 31, 1977, 91 Stat. 1238.

Standards for Human Needs and Protection of Human Rights; Consultation for Development of Criteria; Report to Congress

Puspan. L. 95–118, title VII, § 703, Oct. 3, 1977, 91 Stat. 1070, directed the Secretary of State and the Secretary of the Treasury to initiate a wide consultation designed to develop a viable standard for the meeting of basic human needs and the protection of human rights and a mechanism for acting together to insure that the rewards of international economic cooperation are especially available to those who subscribe to such standards, and report to Congress not later than one year after Oct. 3, 1977.