transparency and accountability

transparency and accountabilitySec. 7086. (a) United Nations.—Funds appropriated by this Act shall be available to continue to support efforts to promote transparency and accountability at the United Nations, including access to audits and program information, as appropriate: Provided, That the Secretary of State, following consultation with the Committees on Appropriations, may withhold from obligation funds appropriated under the heading “International Organizations and Programs” for a United States contribution to a United Nations organization or agency if the Secretary determines that such organization or agency is not adequately implementing reforms to increase transparency and accountability.(b) International Monetary Fund.—(1) The Secretary of the Treasury shall instruct the United States Executive Director of the International Monetary Fund (the Fund) to promote standard public disclosure of documents of the Fund presented to the Executive Board of the Fund and summaries of the minutes of meetings of the Board, as recommended by the Independent Evaluation Office of the Fund, not later than 2 years after the date of the meeting at which the document was presented or the minutes were taken (as the case may be), unless the Executive Board—(A) determines that it is appropriate to delay disclosure; and(B) posts the reason for the delay on the website of the Fund.(2) Transparency and accountability of loans, agreements, and other programs of the international monetary 123 STAT. 3403 fund.—The Secretary of the Treasury shall instruct the United States Executive Director of the International Monetary Fund to promote—(A) transparency and accountability in the policymaking and budgetary procedures of governments of members of the Fund;(B) the participation of citizens and nongovernmental organizations in the economic policy choices of those governments; and(C) the adoption by those governments of loans, agreements, or other programs of the Fund through a parliamentary process or another participatory and transparent process, as appropriate.(3) Efforts to reduce the worst forms of child labor.—(A) The Secretary of the Treasury shall instruct the United States Executive Director of the International Monetary Fund to promote policies and practices to reduce the worst forms of child labor (as defined in section 507(6) of the Trade Act of 1974 (19 U.S.C. 2467(6))) through education and other means, such as promoting the need for members of the Fund to develop and implement national action plans to combat the worst forms of child labor.(B) Not later than one year after the date of the enactment of this Act, the Secretary of the Treasury shall submit to the Committees on Appropriations and Foreign Relations of the Senate and the Committees on Appropriations and Financial Services of the House of Representatives a report describing efforts of the Fund to reduce the worst forms of child labor.(c) National Budget Transparency.—(1) None of the funds appropriated under titles III and IV of this Act may be made available for assistance for the central government of any country that fails to publicly disclose on an annual basis its national budget, to include income and expenditures.(2) The Secretary of State may waive the requirements of paragraph (1) on a country-by-country basis if the Secretary reports to the Committees on Appropriations that to do so is important to the national interest of the United States.(3) Of the funds appropriated by this Act under the heading “Economic Support Fund”, up to $1,500,000 may be made available for programs and activities to assist the central government of any country named in the reports required by paragraph (2) to improve national budget transparency: Provided, That such sums shall be in addition to funds otherwise made available for such purposes.(d) Asian Development Bank.—Ten percent of the funds appropriated by this Act under the heading “Contribution to the Asian Development Fund” shall be withheld from obligation until the Secretary of the Treasury reports to the Committees on Appropriations that the Asian Developement Bank (the Bank) is taking steps to—(1) implement an independent review, to include external specialists, of the operations and internal controls of the Office of Information Systems and Technology and any other offices considered vulnerable to fraud and corruption;123 STAT. 3404(2) strengthen internal controls to improve accountability by management and prevent cases of fraud and corruption; and(3) ensure that restitution, including criminal prosecution if appropriate, is sought if the Bank experiences losses from fraud and corruption.