§ 262n-1. — Increase in income and employment in developing countries; enhancement of purchasing power; diversification away from single crop or product economies.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC262n-1]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
Sec. 262n-1. Increase in income and employment in developing
countries; enhancement of purchasing power; diversification away
from single crop or product economies
The Secretary of the Treasury, after consultations with the
Secretary of Agriculture and the Secretary of the Interior (to the
extent appropriate) on markets and prices for commodities, shall
periodically instruct the United States Executive Director of each
multilateral development bank to work with other executive directors of
the respective bank to continue to--
(1) support activities which result in broad increases in income
and employment and enhance purchasing power in developing countries,
particularly among the rural poor; and
(2) encourage diversification away from single crop or product
economies in developing countries to help reduce wide fluctuations
in commodity prices and the adverse impact of abrupt changes in the
terms of trade.
(Pub. L. 95-118, title XIV, Sec. 1402, as added Pub. L. 100-202,
Sec. 101(e) [title I], Dec. 22, 1987, 101 Stat. 1329-131, 1329-134.)
Codification
Section 1402 of Pub. L. 95-118 is based on section 701 of title VII
of H.R. 3750, One Hundredth Congress, as introduced Dec. 11, 1987, and
enacted into law by Pub. L. 100-202.
Definitions
The definitions in section 262p-5 of this title apply to this
section.
