Public Law 89–6

That the Inter-American Development Bank Act (22 U.S.C. 283–283i) is amended

73 Stat. 299; 78 Stat. 3.

by adding at the end thereof the following new section:

“Sec. 14.

(a)(a)

The United States Governor of the Bank is hereby authorized to vote in favor of the resolution entitled ‘Increase of Resources of the Fund for Special Operations’ proposed by the Governors at their annual meeting in April 1964, and now pending before the Board of Governors of the Bank. Upon the adoption of such resolution, the United States Governor is authorized to agree, on behalf of the United States, to pay to the Fund for Special Operations of the Bank, the sum of $750,000,000, in accordance with and subject to the terms and conditions or such resolution.

#

“(b)“(b)

There is hereby authorized to be appropriated without fiscal year limitation, for the United States share in the increase in the resources of the Fund for Special Operations of the Bank, the sum of $750,000,000.

#

“(c)“(c)

With respect to any dollars heroin provided, the voting power of the United States shall be exercised for the purpose of disapproving any loan from the Fund for Special Operations of the Bank for any project, enterprise, or activity in any country, during any period for which the President has suspended assistance to the government of such country because of any action taken on or after January 1, 1962, by the government of such country or any government agency or subdivision within such country as specified in paragraph (A), (B), or (C) of subsection (e)(1) of section 620 of the Foreign Assistance

77 Stat. 366; 78 Stat. 1013.

22 USC 2370.

Act of 1961, as amended, and the failure of such country within a reasonable time to take appropriate steps to discharge its obligations or provide relief in accordance with the provisions of such subsection.”

#

#