Title I: Inter-American Development Bank - Amends the Inter-American Development Bank Act to authorize the United States Governor of the Bank to vote for two resolutions increasing: (1) the authorized capital stock of the Bank; and (2) the resources of the Fund for Special Operations. Authorizes the U.S. Governor: (1) to subscribe to 227,896 shares of such increased authorized capital stock; and (2) to contribute $700,000,000 to such Fund. Authorizes appropriations for such purposes.
Title II: Asian Development Bank - Amends the Asian Development Bank Act to authorize a United States contribution of $445,000,000 to the Asian Development Bank. Authorizes appropriations for such purpose.
Title III: African Development Fund - Amends the African Development Fund Act to authorize a United States contribution of $125,000,000 to the African Development Fund. Authorizes appropriations for such purpose.
Title IV: Effective Date - Prohibits the use or obligation of such authorized appropriated funds prior to October 1, 1979.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
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