Sec. 4. Opposition to World Bank assistance for government that fails to implement or enforce measures required under an applicable United Nations Security Council resolution
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The Bretton Woods Agreements Act ( 22 U.S.C. 286 et seq.) is amended by adding at the end the following: The Secretary of the Treasury shall instruct the United States Executive Director at the International Bank for Reconstruction and Development to use the voice and vote of the United States to oppose the provision of financial assistance, other than assistance to support basic human needs, to the government of a borrowing country of the International Development Association if the President of the United States determines that the government has knowingly failed to implement or enforce sanctions required under an applicable United Nations Security Council resolution (as defined in section 3 of the North Korea Sanctions and Policy Enhancement Act of 2016 ( Public Law 114–122 ; 22 U.S.C. 9202 )) that is in effect.
The President may waive subsection
(a)for not more than 180 days at a time with respect to a foreign government if the President reports to the Congress that— the failure described in subsection
(a)by the foreign government is due exclusively to a lack of capacity of the foreign government; the foreign government is taking effective steps to prevent the failure from recurring; or the waiver is vital to the national security interests of the United States. .
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- Pub. L. 114-122
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Sec. 4
Opposition to World Bank assistance for government that fails to implement or enforce measures required under an applicable United Nations Security Council resolution
Pub. L.Pub. L. 114-122
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