22 U.S.C. § 283z–6 — Investment in human capital
submitted 37 years ago by Pub. L. 86-147 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 146 words · no verdicts yet
This law directs the Treasury Secretary to push the Bank toward human-capital lending. For four years starting in 1990, the director must push more Bank loans for health and education. The director must also seek regular consultation with locally affected communities.
(a) In general
The Secretary of the Treasury must instruct the U.S. Executive Director of the Bank to propose, and use the director's voice and vote, during the four years starting January 1, 1990, to strongly push for more Bank lending to support "investments in human capital" projects and programs. The director must also push the Bank to quickly set up regular ways of consulting the local people affected in borrower countries, either directly or through the right nongovernmental organizations representing them.
(b) "Investments in human capital" defined
For this section, "investments in human capital" means investments in projects, policies, and programs designed to improve urban and rural health care and sanitation, basic nutrition, and education; to support the small-producer private sector and women's economic activities; and to develop indigenous nongovernmental organizations.
The Secretary of the Treasury shall instruct the United States Executive Director of the Inter-American Development Bank to propose and use the voice and vote of such director, during the 4-year period beginning on January 1, 1990, to vigorously promote an increase in the proportion of Bank lending in support of projects and programs which support investments in human capital and to seek the rapid implementation by the Bank of systematic mechanisms of consultation with locally affected populations in borrower countries either directly or through appropriate representative non-governmental organizations.
As used in subsection (a), the term “investments in human capital” means investments in projects, policies, and programs designed to improve urban and rural health care and sanitation, basic nutrition, education, the small-producer private sector, the economic activities of women, and the development of indigenous non-governmental organizations.
Source credit: (Pub. L. 86–147, § 34, as added Pub. L. 101–240, title II, § 202(a), Dec. 19, 1989, 103 Stat. 2498.)
- 1989Enacted · Pub. L. 86-147 · 103 Stat. 2498
A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-147 on 1989-12-19.
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