22 U.S.C. § 283z–8 — Increase in lending to Caribbean

submitted 37 years ago by Pub. L. 86-147 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 79 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law tells the Treasury Secretary to push more Bank lending to the Caribbean. The Bank should fund projects for regional integration, diversification, production, and better infrastructure. Projects should also promote equitable, environmentally sustainable growth.

The Secretary of the Treasury must instruct the U.S. Executive Director of the Bank to start talks with the Bank's management and other member governments, to try to increase Bank lending to the Caribbean region — directly or through suitable financial intermediaries — for viable projects that will (1) expand regional economic integration, diversify economies, boost industrial and agricultural production, and improve infrastructure; and (2) promote equitable and environmentally sustainable economic growth.

the actual law source: uscode.house.gov ↗public domain

The Secretary of the Treasury shall instruct the United States Executive Director of the Bank to enter into discussions with the management of the Bank and with other member country governments to seek to increase Bank lending to the Caribbean region, directly or through appropriate financial intermediaries, for viable projects which will—

(1)

result in expanded regional economic integration, diversification, and industrial and agricultural production, and improved infrastructure; and

(2)

seek to ensure equitable and environmentally sustainable economic growth.

Source credit: (Pub. L. 86–147, § 36, as added Pub. L. 101–240, title II, § 204, Dec. 19, 1989, 103 Stat. 2499.)

history & why it existsrecord from the source credit

1989Enacted · Pub. L. 86-147 · 103 Stat. 2499

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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