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World Bank Legislation Before the 99th Congress (CRS Report for Congress)

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Release Date July 26, 1985
Report Number 85-874F
Report Type Report
Source Agency Congressional Research Service
Summary:

The 99th Congress has before it several proposals to authorize additional U.S. contributions to multilateral development banks. These include potential subscriptions or contributions to the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), the African Development Fund (AFDF), and the special African aid facility of the International Development Association (IDA). There is no legislation now before Congress to authorize new contributions to the International Monetary Fund (IMF), the regular budget of the IDA, or any of the other regional development banks. These have been dealt with in previous years. This paper provides some background on the World Bank and a summary of the pending legislation.