22 U.S.C. § 262o–1 — Military spending by recipient countries; military involvement in economies of recipient countries

(a) Consideration of commitment to achieving certain goals (1) In general — The Secretary of the Treasury must instruct the U.S. Executive Directors of the international financial institutions (as defined in section 262r(c)(2) of this title) to promote growth in the world economy. They do this by weighing, when deciding whether to support or oppose loan proposals, how much the recipient government has committed to: (A) Providing accurate, complete data on the armed forces' yearly spending and income. (B) Building good, publicly accountable governance, including ending excessive military involvement in the economy. (C) Substantially cutting excessive military spending and forces. (b) Steps to achieve goals required The Secretary of the Treasury must instruct the U.S. Executive Directors of the international financial institutions to promote a policy at each institution under which: (1) The institution closely monitors, and through regular policy talks with recipient governments tries to shift, public spending toward funding growth and development priorities and away from unproductive spending, including excessive military spending. (2) The institution supports lending that helps recipient governments promote good governance, including public participation, and reduce military spending. (3) The institution's allocation of resources and credit takes into account how well recipient governments are doing on good governance, ending excessive military involvement in the economy, and cutting excessive military spending.