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22 U.S.C. § 262p–4aLoan programs to reduce economic dependence on illicit narcotics

submitted 38 years ago by Pub. L. 95-118 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 369 words · no verdicts yet

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Congress finds that multilateral development banks can help fight drug production by funding economic alternatives. This law directs Treasury to push the World Bank and Inter-American Development Bank to create lending programs that reduce regions' economic dependence on drug production and trafficking.

(a) Findings Congress finds that: (1) the illicit narcotics problem in the U.S. directly threatens every citizen's well-being; (2) every effective way to cut foreign drug production and importation into the U.S. must be pursued; (3) multilateral development banks can play a key role in controlling narcotics production; (4) producer-country eradication programs won't work unless they offer an economic alternative to growing drugs; (5) efforts to fight the narcotics problem through production control will fail unless more is done to cut demand and use; and (6) the right role for these banks in the "War Against Drugs" is coordinating and financing alternative economic opportunities in countries where drugs are produced or trafficked. (b) Loan programs The Treasury Secretary must instruct the U.S. representative at the World Bank and the Inter-American Development Bank to start discussions with other bank directors and to push for and support creating specific country lending programs and policies at these banks. These can include crop substitution, building roads that help expand markets for legal goods, other infrastructure projects that create jobs, agricultural extension help, and region-specific development plans. The goal is reducing or ending the economic dependence of drug-producing or trafficking regions on that production and trafficking. (c) Coordination among assistance programs The Treasury Secretary should also instruct these same U.S. representatives to encourage the banks to coordinate with other multilateral and bilateral assistance programs that share the same goal of reducing regions' economic dependence on illicit narcotics production and trafficking.
the actual law source: uscode.house.gov ↗public domain
(a) Findings

The Congress finds that—

(1)

the illicit narcotics epidemic currently afflicting the United States represents a direct threat to the well-being of every United States citizen;

(2)

every effective means must be pursued to reduce the foreign production and subsequent importation into the United States of illicit narcotics;

(3)

the multilateral development banks can play an integral role in efforts to control the production of illicit narcotics;

(4)

producer country narcotics eradication programs will not be effective unless such programs provide an economic alternative to the production of narcotics;

(5)

efforts to address the illicit narcotics epidemic through production control are doomed to failure unless greater effort is applied to curb use of and demand for illicit narcotics; and

(6)

the appropriate role for the multilateral development banks in the “War Against Drugs” is through coordinating and financing alternative economic opportunities in producer and trafficking countries.

(b) Loan programs to reduce economic dependence on illicit narcotics

The Secretary of the Treasury shall instruct the United States Executive Director of the International Bank for Reconstruction and Development and the United States Executive Director of the Inter-American Development Bank to initiate discussions with other executive directors of such institutions and to advocate and support the creation, within such institutions, of specific country lending programs and policies (including crop substitution, creation of roads conducive to the expansion of markets for licit goods, other infrastructure development measures such as development projects generating employment, agricultural extension assistance, and region-specific development plans) which are particularly oriented to reducing or eliminating the economic dependence of regions of borrowing countries known to be areas in which illicit narcotics are produced or trafficked, on such production and trafficking.

(c) Coordination among assistance programs designed to reduce economic dependency on illicit narcotics

In addition, the Secretary of the Treasury should instruct the United States Executive Director of the International Bank for Reconstruction and Development and the United States Executive Director of the Inter-American Development Bank to encourage such institutions to provide coordination among other multilateral and bilateral assistance programs designed to reduce the economic dependence of regions of borrowing countries known to be areas in which illicit narcotics are produced or trafficked, on such production and trafficking.

Source credit: (Pub. L. 95–118, title XVI, § 1606, as added Pub. L. 100–461, title V, § 555, Oct. 1, 1988, 102 Stat. 2268–36.)

history & why it existsrecord from the source credit
  • 1988Enacted · Pub. L. 95-118 · 102 Stat. 2268

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-118 on 1988-10-01.

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