§ 262c. Commitments for United States contributions to international financial institutions fostering economic development in less developed countries; continuation of participation
688 words·~3 min read·
/usc/title-22/section-262cA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Congressional findings It is the sense of the Congress that—
(1)for humanitarian, economic, and political reasons, it is in the national interest of the United States to assist in fostering economic development in the less developed countries of this world;
(2)the development-oriented international financial institutions have proved themselves capable of playing a significant role in assisting economic development by providing to less developed countries access to capital and technical assistance and soliciting from them maximum self-help and mutual cooperation;
(3)this has been achieved with minimal risk of financial loss to contributing countries;
(4)such institutions have proved to be an effective mechanism for sharing the burden among developed countries of stimulating economic development in the less developed world; and
(5)although continued United States participation in the international financial institutions is an important part of efforts by the United States to assist less developed countries, more of this burden should be shared by other developed countries. As a step in that direction, in future negotiations, the United States should work toward aggregate contributions to future replenishments to international financial institutions covered by this Act not to exceed 25 per centum.
(b)Funding commitments to international financial institutions; availability of funds subject to appropriations The Congress recognizes that economic development is a long-term process needing funding commitments to international financial institutions. It also notes that the availability of funds for the United States contribution to international financial institutions is subject to the appropriations process.
(Pub. L. 95–118, title I, § 101, Oct. 3, 1977, 91 Stat. 1067.)
Connections24 cite this · traces to 2
Cited by 24 sections · top 18
U.S. Code
statutes-at-large
- Public Law 97–35To provide for reconciliation pursuant to section 301 of the first concurrent resolution on the budget for the fiscal year 1982
- Public Law 104–132To deter terrorism, provide justice for victims, provide for an effective death penalty, and for other purposes
- Public Law 101–240To reauthorize the Export-Import Bank tied aid credit fund and pilot interest subsidy program, to provide for the participation of the United States in a replenishment of the Inter-American Development Bank and in the Enhanced Structural Adjustment Facility of the International Monetary Fund, to imp
- Public Law 95–118To provide for increased participation by the United States in the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Asian Development Bank and the Asian Development Fund, and for other purposes
- Public Law 101–513Making appropriations for foreign operations, export financing, and related programs for the fiscal year ending September 30, 1991, and for other purposes
- Public Law 95–148Making appropriations for Foreign Assistance and related programs for the fiscal year ending September 30, 1978, and for other purposes
statute-compilations
bill
- Sec. 1307Annual report by Chairman of the National Advisory Council on International Monetary and Financial Policies
- Sec. 2Clean energy and climate justice at international financial institutions
- Sec. 2Clean energy and climate justice at international financial institutions
- Sec. 2Clean energy and climate justice at international financial institutions
- Sec. 2Clean energy and climate justice at international financial institutions
- Sec. 2Clean energy and climate justice at international financial institutions
- Sec. 2Clean energy and climate justice at international financial institutions
- Sec. 2Clean energy and climate justice at international financial institutions
14 references not yet in our index
- Pub. L. 95–118, title I, § 101
- 91 Stat. 1067
- Pub. L. 95–118
- section 1001 of Pub. L. 95–118
- Pub. L. 96–536, § 101(b) [H.J. Res. 637, § 101(b); H.R. 4473, title I]
- 94 Stat. 3167
- Pub. L. 96–123, § 101(a) [incorporating Pub. L. 95–481, title III]
- 93 Stat. 923
- Pub. L. 95–481, title III
- 92 Stat. 1599
- Pub. L. 95–148, title III
- 91 Stat. 1238
- Pub. L. 95–118, title VII, § 703
- 91 Stat. 1070
Citation graph
cites case law
§ 262c
Commitments for United States contributions to international financial institutions fostering economic development in less developed countries; continuation of participation
Stat.×12
Bills×8
Stat. Comp.×2
U.S.C.×2
Pub. L.Pub. L. 95–118, title I, § 101
Stat.91 Stat. 1067
Pub. L.Pub. L. 95–118
Pub. L.section 1001 of Pub. L. 95–118
Pub. L.Pub. L. 96–536, § 101(b) [H.J. Res. 637, § 101(b); H.R. 4473, title I]
Cites 16 · showing 7Cited by 24 across 4 sources