1982 and not more than $945,000,000 of such sum may be made available for the fiscal year 1983.22

SEC. 18.23 (a) The United States Governor is hereby authorized to agree on behalf of the United States to pay to the Association $2,250,000,000 as the United States contribution to the seventh replenishment of the resources of the Association, except that any commitment to make such contributions shall be made subject to obtaining the necessary appropriations.

(b) In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $2,250,000,000 for payment by the Secretary of the Treasury.24

SPECIAL FACILITY FOR SUB-SAHARAN AFRICA

SEC. 19.25 (a) The Secretary of the Treasury shall pay to the Special Facility for Sub-Saharan Africa, administered by the Association, amounts appropriated pursuant to subsection (b).

(b) For purposes of the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $225,000,000.26

SEC. 20.27 (a) The United States Governor is hereby authorized to agree on behalf of the United States to pay to the Association $2,875,000,000 to the eighth replenishment of the resources of the Association, except that any commitment to make such contributions shall be made subject to obtaining the necessary appropriations.

(b) In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $2,875,000,000 for payment by the Secretary of the Treasury. 28

22 Appropriations for U.S. payments authorized in sec. 17 have been provided in the following amounts and Public Laws: fiscal year 1981-$500 million (Public Law 97-12); fiscal year 1982– $700 million (Public Law 97-121); fiscal year 1983 $700,000,000 (Public Law 97-377); and $245 million (Public Law 98-63); fiscal year 1984-$945 million (Public Law 98-151); fiscal year 1985 $150 million (Public Law 98-473).

23 22 U.S.C. 284p. Title I of the Foreign Assistance Appropriations Act, 1985 (sec. 101 of the Continuing Appropriations Act, 1985; Public Law 98-473; 98 Stat. 1885), added sec. 18 by enacting into law the amendment made by sec. 901 of S. 2582, as reported by the Senate Committee on Foreign Relations on April 18, 1984, except for subsec. (c) of such amendment.

24 Appropriations for U.S. payments authorized in sec. 18 have been provided in the following amounts and Public Laws: fiscal year 1985-$750 million (Public Law 98-473); fiscal year 1986 $700 million (Public Law 99-190), reduced by $30.1 million as a result of sequestration (Public Law 99-177); fiscal year 1987-$622.6 million (Public Law 99-591); fiscal year 1987 supplemental-$207.5 million (Public Law 100-71).

25 22 U.S.C. 284q and 284q note. Sec. 19 was added by sec. 101(i) of the Further Continuing Appropriations, 1986 (Public Law 99-190; 99 Stat. 1294), which enacted sec. 102 of H.R. 2253. 26 Appropriations for U.S. payments authorized in sec. 19 have been provided in the following amounts and Public Laws: fiscal year 1986 $75 million (actual contribution was $71.8 million resulting from budgetary reductions mandated by Gramm-Rudman) (Public Law 99-190), fiscal year 1987-$64.8 million (Public Law 99-591).

27 Sec. 20 was added by sec. 101 of H.R. 3750 (as introduced on Dec. 11, 1987), which was enacted into law by reference in title II of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1988 (Public Law 100-202; 101 Stat. 1329 at 1329-134).

28 Appropriations for the U.S. contribution authorized in sec. 20 have been provided in the following amounts and Public Laws: fiscal year 1988 $915 million (Public Law 100-202); fiscal year 1989 $995 million (Public Law 100-461); fiscal year 1990 $960 million (Public Law 101– 167); fiscal year 1991-$4.15 million (Public Law 101-513).

SEC. 21.29 NINTH REPLENISHMENT.

(a) IN GENERAL.-The United States Governor is hereby authorized to agree on behalf of the United States to pay to the Association $3,180,000,000 to the ninth replenishment of the resources of the Association, subject to obtaining the necessary appropriations. (b) LIMITATIONS ON AUTHORIZATION OF APPROPRIATIONS.-In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $3,180,000,000 for payment by the Secretary of the Treasury, 30

29 22 U.S.C. 284s. Added by sec. 562(a)(1) of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1991 (Public Law 101-513; 104 Stat. 2032).

30 Appropriations for the U.S. contribution authorized in sec. 21 have been provided in the following amount and Public Law: fiscal year 1991-$1,060 million (Public Law 101-513), fiscal year 1991 rescission $32.5 million (Public Law 102-298); fiscal year 1992-$1,044 million (Public Law 102-145, as amended by Public Law 102-266); fiscal year 1993 $1,024 million (Public Law 102-391).

Title I of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1993 (Public Law 102-391; 106 Stat. 1634) required the following:

"CONTRIBUTION TO THE INTERNATIONAL DEVELOPMENT ASSOCIATION

"For payment to the International Development Association by the Secretary of the Treasury, $1,024,332,000, for the United States contribution to the replenishment, to remain available until expended: Provided, That, before obligating funds made available under this heading, the President shall reduce from the amount obligated, the United States proportionate share of any loans approved by the Board of Directors for China for non-basic human needs since October 1, 1992 if China is denied most-favored-nation trading status by the United States Government: Provided further, That such funds withheld from obligation may be obligated only if the President certifies that it is in the national interest of the United States to do so: Provided further, That fifteen days prior to the obligation of such funds for the International Development Association, the President shall report his certification to the Committee on Appropriations and the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Appropriations and the Committee on Foreign Relations of the Senate.".

(E) Special Facility for Sub-Saharan Africa

Partial text of H.R. 2253 [Multilateral Development Bank Act of 1985] as enacted into law by sec. 101(i) of the Further Continuing Appropriations, 1986 (Public Law 99-190; 99 Stat. 1294), approved December 19, 1985

NOTE.-Except for the provisions included below, H.R. 2253 contained amendments to the International Development Association Act, the African Development Fund Act, and the Bretton Woods Agreement Act. These amendments are incorporated into the text at the appropriate places.

TITLE I-SPECIAL FACILITY FOR SUB-SAHARAN AFRICA SEC. 101. FINDINGS.

The Congress hereby finds that

(1) Sub-Saharan Africa faces a virtually unprecedented condition of human misery which threatens the lives of one hundred and fifty million people;

(2) only the combined effort of both the African nations themselves and international aid donors can overcome the obstacles to economic development which have given rise to conditions of famine, declining food production, infant mortality, desertification, and deteriorating infrastructure;

(3) international relief efforts have helped to address the immediate crisis of starvation in Africa and the United States has made important contributions to this effort both bilaterally and through contributions to the multilateral development institutions;

(4) there is a serious shortfall in the external capital resources necessary to support the policy reform efforts of the African governments and to achieve the long-term develop ment necessary to avert a chronic state of crisis in Sub-Saharan Africa;

(5) the Special Facility for Sub-Saharan Africa will have as its primary goal the implementation of policy reforms to help the African countries to help themselves;

(6) to succeed, these efforts must be reinforced by development resources;

(7) the appalling conditions prevalent in the countries of SubSaharan Africa underscore the need for the United States to

participate in a coordinated framework with the other aid donor countries; and

(8) the Special Facility for Sub-Saharan Africa provides such a framework and it is in the humanitarian, economic, and strategic interests of the United States to participate.

(F) International Finance Corporation Act, as amended

Public Law 84-350 [S. 1894], 69 Stat. 669, approved August 11, 1955, as amended by Public Law 87-185 [H.R. 6765], 75 Stat. 413, approved August 30, 1961; Public Law 89-126 [S. 1742], 79 Stat. 519, approved August 14, 1965; Public Law 95-118 [H.R. 5262], 91 Stat. 1067 at 1068, approved October 3, 1977; Public Law 99-190 [Further Continuing Appropriations, 1986; H.J. Res. 465], 99 Stat. 1185, approved December 19, 1985; Public Law 101-240 [International Development and Finance Act of 1989; H.R. 2494], 103 Stat. 2492, approved December 19, 1989; Public Law 101-513 [Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1991; H.R. 5114], 104 Stat. 1979, approved November 5, 1990;; Public Law 102-145 [Further Continuing Appropriations, Fiscal Year 1992; H.J.Res. 360, as amended by Public Law 102-266], 105 Stat. 968 at 106 Stat. 97, approved October 28, 1991; and by Public Law 102-511 [FREEDOM Support Act, S. 2532], 106 Stat. 3320, approved October 24, 1992

AN ACT To provide for the participation of the United States in the International Finance Corporation.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SHORT TITLE

SECTION 1. This Act may be cited as the "International Finance Corporation Act".

ACCEPTANCE OF MEMBERSHIP

SEC. 2.1 The President is hereby authorized to accept membership for the United States in the International Finance Corporation (hereinafter referred to as the Corporation), provided for by the Articles of Agreement of the Corporation deposited in the archives of the International Bank for Reconstruction and Development.

GOVERNOR, EXECUTIVE DIRECTOR, AND ALTERNATES

SEC. 3.2 The governor and executive director of the International Bank for Reconstruction and Development, and the alternate for each of them, appointed under section 3 of the Bretton Woods Agreements Act, as amended (22 U.S.C. 286a), shall serve as governor, director and alternates, respectively, of the Corporation.

NATIONAL ADVISORY COUNCIL ON INTERNATIONAL MONETARY AND FINANCIAL PROBLEMS

SEC. 4.3 The provisions of section 4 of the Bretton Woods Agreements Act, as amended (22 U.S.C. 286b), shall apply with respect to

1 22 U.S.C. 282.

2 22 U.S.C. 282a.

3 22 U.S.C. 282b.