Pub. L. 89-171, pt. I, ch. 2, tit. I, sec. 102

Sec. 102. Title I of chapter 2 of part I of the Foreign Assistance Act of 1961, as amended, which relates to the Development Loan Fund, is amended as follows: (a) Amend section 205, which relates to the use of the facilities of the International Development Association, to read as follows: “Sec. 205. Use of International Lending Organizations.—In order to serve the purposes of this title and the policy contained in section 619, the President, after consideration of the extent of additional participation by other countries, may make available, in addition to any other funds available for such purposes, on such terms and conditions as he determines, not to exceed 15 per centum of the funds made available for this title to the International Development Association, the International Bank for Reconstruction and Development, or the International Finance Corporation for use pursuant to the laws governing United States participation in such institutions, if any, and the governing statutes thereof and without regard to section 201 or any other requirements of this or any other Act.” (b) Add the following new section: “Sec. 206. Regional Development in Africa.—The President is requested to seek and to take appropriate action, in cooperation and consultation with African and other interested nations and with international development organizations, to further and assist in the79 Stat. 654 advancement of African regional development institutions, including the African Development Bank, with the view toward promoting African economic development,”