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22 U.S.C. § 262p–4hDiscussions to increase productive economic participation of poor; reports

submitted 37 years ago by Pub. L. 95-118 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 661 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law directs Treasury to push every multilateral development bank to make helping the poor participate productively in their economies a major goal. Treasury must report to Congress within a year on progress toward this and related poverty goals.

(a) In general The Treasury Secretary must instruct the U.S. representative at each multilateral development bank to keep pushing, in funding talks and discussions with the bank, for the following: (1) A major, long-term goal of the bank's lending in each borrowing country should be increasing the poor's productive role in that country's economy. (2) The bank should help each borrowing country build sustainable national plans to fight the causes and effects of poverty that keep the poor from living productive economic and social lives. These plans should cover: (A) building up human resources — basic nutrition, primary health care, basic education, safe water, and basic sanitation; (B) access to income-generating work, jobs, and productive assets like land and credit; and (C) consulting with public social agencies and local nongovernmental organizations. (3) As part of its regular policy talks with each borrowing country on structural adjustment plans and lending programs, the bank should give assistance that helps the country reach its national plan goals for the poor's economic participation. These talks should include government social and economic agencies and local nongovernmental groups, especially ones working directly with poor people. (4) In an annual review, the bank should describe how well it is advancing — or falling short of — the goal of increasing the poor's economic participation, and what steps it's taking to fix obstacles. This review should draw on the bank's country implementation reviews and country strategy documents, which should themselves describe each country's national strategy for the poor and what the bank plans to do to help. (5) The bank should help countries assess and track progress toward poverty-alleviation goals using proper social indicators. (6) The bank should adopt procedures, budgets, and staffing levels needed to make sure it has enough resources to carry out its program for the poor's economic participation, in consultation with nongovernmental groups. (7) The bank should adopt, as a separate major factor in allocating low-cost financing, giving preference to countries that make real efforts to boost the poor's economic participation. (8) The bank should require any country getting structural adjustment assistance to have, after a reasonable phase-in, a strategy for the poor's economic participation. (b) Progress report Within 1 year after December 19, 1989, the Treasury Secretary must report to the House Banking and Appropriations Committees and the Senate Foreign Relations and Appropriations Committees on: (1) The status of pushing for and progress on subsection (a)'s goals — what's worked, what obstacles came up, and what's expected next. (2) Progress toward the goals in section 262p–4f — including how much institutional capacity and effort has gone into developing statistics on the well-being of the poor. (3) Progress and an evaluation on building effective ways to involve nongovernmental organizations, directly or indirectly, in designing, carrying out, and monitoring the development banks' projects, programs, and policies.
the actual law source: uscode.house.gov ↗public domain
(a) In general

The Secretary of the Treasury shall instruct the United States Executive Director for each multilateral development bank to vigorously and continually advocate, in all replenishment negotiations and in discussion with other directors of such bank and with such bank, the following:

(1)

A major objective of such bank’s operations and financing in each borrowing country, as a long term priority, should be to increase the productive role of the poor in the economy of such country.

(2)

Such bank should encourage and assist each borrowing country to develop sustainable national plans and strategies to eliminate the causes and alleviate the manifestations of poverty which keep the poor from leading economically and socially productive lives. Such plans and strategies should give attention to—

(A)

the enhancement of human resources, including programs for basic nutrition, primary health services, basic education, and safe water and basic sanitation;

(B)

access to income-generating activities, employment, and productive assets such as land and credit; and

(C)

consultation with public sector social agencies and local non-governmental organizations.

(3)

As an integral element of ongoing policy dialogue with each borrowing country to design structural adjustment plans and project lending programs, such bank should provide assistance consistent with achieving the objectives of the country’s national plan for increasing the productive economic participation of the poor. Such dialogue should be conducted with government agencies working in social and economic sectors and with non-governmental groups in the borrowing country, especially those that have grassroots involvement with poor people.

(4)

In an annual review document, such bank should describe the extent to which the goal of increasing the productive economic participation of the poor is being advanced or retarded and the steps that are being taken to overcome obstacles to its fulfillment. Such review should be based on information contained in the bank’s country implementation review documents and in the country strategy documents for each borrowing country. Such country strategy documents should describe the national strategy for productive economic participation of the poor and the steps the bank plans to take to assist the borrowing country during the period covered by the country strategy document.

(5)

Such bank should assist countries in assessing and monitoring progress in achieving poverty alleviation goals and targets through measurement by appropriate social indicators.

(6)

Such bank should adopt procedures and budgetary allocations for administrative purposes, and establish appropriate staffing levels, to ensure that adequate resources are available to implement the bank’s program for enhancing the productive economic participation of the poor, in consultation with non-governmental groups.

(7)

Such bank should adopt, as a separate and major criterion in the allocation of concessional financing resources, a preferential allocation to each country which undertakes significant efforts to enhance the productive economic participation of the poor.

(8)

Such bank should require each country which receives structural adjustment assistance to have in place, after a reasonable phase-in period, a strategy to enhance the productive economic participation of the poor.

(b) Progress report

Before the end of the 1-year period beginning on December 19, 1989, the Secretary of the Treasury shall submit to the Committee on Banking, Finance and Urban Affairs and the Committee on Appropriations of the House of Representatives, and the Committee on Foreign Relations and the Committee on Appropriations of the Senate, a report on the following:

(1)

The status of advocacy and progress being made to implement the objectives of subsection (a), describing the success to date, the obstacles encountered, and future expectations of progress.

(2)

A description of the progress to date in achieving the purposes of section 262p–4f of this title, including the institutional capacity and effort devoted to assisting in the development of statistical measures to assess the well-being of the poor.

(3)

A description and evaluation of the progress to date in developing effective mechanisms for involving non-governmental organizations, directly or indirectly, in the design, implementation, and monitoring of development projects, programs, and policies of the multilateral development banks.

Source credit: (Pub. L. 95–118, title XVI, § 1613, as added Pub. L. 101–240, title V, § 501, Dec. 19, 1989, 103 Stat. 2505.)

history & why it existsrecord from the source credit
  • 1989Enacted · Pub. L. 95-118 · 103 Stat. 2505

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-118 on 1989-12-19.

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