SHORT TITLE; TABLE OF CONTENTS.

SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) Short Title.—This Act may be cited as the “International Development and Finance Act of 1989”. (b) Table of Contents.— Sec. 1. Short title; table of contents. TITLE I— EXPORT-IMPORT BANK ACT AMENDMENTS Sec. 101. Export-Import Bank Act amendments. Sec. 102. Extension of credit by Export-Import Bank with respect to Angola prohibited unless certain conditions are met. Sec. 103. Export-import programs to the People’s Republic of China prohibited unless certain conditions are met. TITLE II— INTER-AMERICAN DEVELOPMENT BANK Sec. 201. Participation by the United States in a capital increase of the Inter-American Development Bank; increase in resources of fund for special operations. Sec. 202. Investment in human capital. Sec. 203. Limitations on Inter-American Development Bank policy based lending. Sec. 204. Increase in Inter-American Development Bank lending to the Caribbean. Sec. 205. Sense of the Congress that Inter-American Development Bank loans should reduce dependence on illicit narcotics. Sec. 206. Directives regarding government-owned enterprises in countries receiving IADB loans. TITLE III— INTERNATIONAL MONETARY FUND ENHANCED STRUCTURAL ADJUSTMENT FACILITY Sec. 301. Contribution to the interest subsidy account of the Enhanced Structural Adjustment Facility of the International Monetary Fund. Sec. 302. Discussions to enhance the capacity of the International Monetary Fund to alleviate the potentially adverse impacts of Fund programs on the poor and the environment. TITLE IV— INTERNATIONAL DEBT PROVISIONS Sec. 401. Short title. Sec. 402. Additional reserve requirements. Sec. 403. Report on mark to market accounting. Sec. 404. Study on elimination of capital flight. Sec. 405. Factors to be taken into account in developing United States policy toward debt reduction for certain highly indebted countries; report to the Congress. Sec. 406. Sense of the Congress that agreements to reduce debt burden should be accompanied by trade liberalization. 103 STAT. 2493 Sec. 407. Linkage of debt reduction loan to reduction in drug trafficking; report to Congress. TITLE V— ALLEVIATION OF POVERTY; ENVIRONMENTAL PROVISIONS; DEBT-FOR-DEVELOPMENT SWAPS; CONSOLIDATION OF REPORTING REQUIREMENTS Subtitle A— Alleviation of Poverty Sec. 501. Increasing the productive economic participation of the poor. Subtitle B— International Debt Exchanges and the Environment Sec. 511. Sense of the Congress resolution regarding environmental policy and international debt exchanges. Sec. 512. Multilateral development banks and debt-for-nature exchanges. Subtitle C— Environmental Impact Assessments Sec. 521. Assessment of environmental impact of proposed multilateral development bank actions. Subtitle D— Debt-for-Development Swaps Sec. 531. Encouragement of debt-for-development swaps through local currency repayment Subtitle E— Consolidation of Certain Reporting Requirements Sec. 541. Consolidation of certain reporting requirements. TITLE VI— MISCELLANEOUS PROVISIONS Sec. 601. Sense of the Congress that the International Bank for Reconstruction and Development and the International Monetary Fund should expeditiously act upon loan requests from Poland. Sec. 602. Sense of the Congress supporting assistance by multilateral lending institutions to establish financial institutions in Poland. Sec. 603. Sense of the Congress relating to conditional financial assistance by multi-lateral lending institutions to Poland. Sec. 604. Sense of the Congress opposing the making of certain loans or the extension of certain financial and technical assistance to the People’s Republic of China. TITLE VII— MISCELLANEOUS Sec. 701. Short title. Part A— Commercial Debt-foe Nature Exchanges Sec. 711. Amendment to the Foreign Assistance Act Part B— Multilateral Foreign Assistance Corporation Sec. 721. General policy. Sec. 722. Policy on negotiations. TITLE VIII— EFFECTIVE DATE Sec. 801. Effective date.