Sec. 152. Participation of Taiwan in Inter-American Development Bank
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It is the sense of Congress that— the United States fully supports Taiwan’s participation in, and contribution to, international organizations and underscores the importance of the relationship between Taiwan and the United States; diversifying the Inter-American Development Bank’s donor base and increasing ally engagement in the Western Hemisphere reinforces United States national interests; Taiwan’s significant contribution to the development and economies of Latin America and the Caribbean demonstrate that Taiwan’s membership in the Inter-American Development Bank as a non-borrowing member would benefit the Bank and the entire Latin American and Caribbean region; and non-borrowing membership in the Inter-American Development Bank would allow Taiwan to substantially leverage and channel the immense resources Taiwan already provides to Latin America and the Caribbean to reach a larger number of beneficiaries.
The Secretary of State, in consultation with the Secretary of the Treasury, as appropriate, is authorized— to initiate a United States plan to endorse non-borrowing membership in the Inter-American Development Bank for Taiwan, including by advancing amendments, as necessary, to the Agreement Establishing the Inter-American Development Bank, done at Washington April 8, 1959 (10 UST 3029); and to instruct the United States Governor of the Bank to work with the Board of Governors of the Bank to admit Taiwan as a non-borrowing member of the Bank, including by advancing amendments, as necessary, to that Agreement.