22 U.S.C. § 262p-4l — Improvement of interaction between International Bank for Reconstruction and Development and nongovernmental organizations

(a) In general The Secretary of the Treasury shall instruct the United States Executive Director of the International Bank for Reconstruction and Development to propose, and urge the Executive Board and the management of the bank to develop and implement [1] specific mechanisms designed to— (1) substantially improve the ability of the staff of the bank to interact with nongovernmental organizations and other local groups that are affected by loans made by the bank to borrower countries; and (2) delegate to the field offices of the bank in borrowing countries greater responsibility for decisions with respect to proposals for projects in such countries that are to be financed by the bank. (b) Certain mechanisms urged The mechanisms described in subsection (a) shall include, at a minimum, the following measures: (1) An instruction to the management of the bank to undertake efforts to appropriately train and significantly increase the number of bank professional staff (based in Washington, District of Columbia, as of November 5, 1990 ) assigned, on a rotating basis, to field offices of the bank in borrower countries. (2) The assignment to at least 1 professional in each field office of the bank in a borrower country of responsibility for relations with local nongovernmental organizations, and for the preparation and submission to appropriate staff of the bank of a report on the impact of project loans to be made by the bank to the country, based on views solicited from local people who will be affected by such loans, which shall be included as part of the project appraisal report. (3) The establishment of the Grassroots Collaboration Program described in section 262p–1(a) of this title . (4) Before a project loan is made to a borrower country, the country is to be required to hold open hearings on the proposed project during project identification and project preparation. (5) The establishment of assessment procedures which allow affected parties and nongovernmental organizations to review information describing a prospective project or policy loan design, in a timely manner, before the loan is submitted to the Executive Board for approval. ( Pub. L. 95–118, title XVI, § 1617 , as added Pub. L. 101–513, title V, § 562(a)(2) , Nov. 5, 1990 , 104 Stat. 2032 .) [1] So in original. Probably should be followed by a comma. Editorial Notes Prior Provisions A prior section 1617 of Pub. L. 95–118 was renumbered section 1622 and is classified to section 262p–5 of this title . Statutory Notes and Related Subsidiaries Definitions The definitions in section 262p–5 of this title apply to this section.

Related documents

• THE EVOLUTION OF FACTORS DETERMINING FINANCIAL STABILITY IN THE ERA OF DIGITAL ECONOMIC TRANSFORMATION#1122082
• Organizational Persistence Architectures: LP Admissibility as the Structural Ground of Organizational Persistence#706760
• Legitimate International Institutions: A Neo-Republican Perspective#760285
• State regulation of the national currency exchange rate by gold and foreign currency reserve management#703146
• 12 U.S.C. § 2202a — Restructuring distressed loans#564118