International Development Association: Hearings Before the Committee on Foreign Relations, United States Senate, Eighty-sixth Congress, Second Session, on S. 3074, to Provide for the Participation of the United States in the International Development Association. March 18 and 21, 1960Considers S. 3704, to provide for U.S. participation in the International Development Association. |
Common terms and phrases
18 percent A. S. MIKE MONRONEY additional administration AFL-CIO agencies areas articles of agreement ATWATER authority basis bilateral borrower burden capital CHAIRMAN Chase Manhattan Bank committee Congress contribution correct coun Development Loan Fund DILLON dollars economic assistance economic development economic growth effect Executive Director Export-Import Bank Farm Bureau financing foreign currencies free world FULBRIGHT grants hard currencies hard loans IBRD important institutions International Bank International Development Association International Monetary Fund international organization legislation lending less developed countries local currencies McCLOY membership ment million multilateral operations President private investment projects Public Law 480 purpose question rency repaid repayment Secretary SEIDMAN Senator AIKEN Senator CHURCH Senator GREEN Senator HICKENLOOPER Senator LAUSCHE Senator MONRONEY Senator SPARKMAN Senator WILLIAMS soft currency soft loans Soviet statement subscriptions tion U.S. Government U.S. participation underdeveloped countries United UPTON voting power World Bank
Popular passages
Page 24 - Association in the territories of such member and, insofar as consistent with sound monetary policies, in payment for goods and services produced in the territories of such member and required for projects financed...
Page 5 - ... Agreement as may be agreed upon, to receive from any member, in addition to the amounts payable by such member on account of its initial or any additional subscription, supplementary resources in the currency of another member, provided that the Association shall not enter into any such arrangement unless the Association is satisfied that the member whose currency is involved agrees to the use of such currency as supplementary resources and to the terms and conditions governing such use. The...
Page 109 - The Association shall impose no conditions that the proceeds of its financing shall be spent in the territories of any particular member or members. The foregoing shall not preclude the Association from complying with any restrictions on the use of funds imposed in accordance with the provisions of these Articles, including restrictions attached to supplementary resources pursuant to agreement between the Association and the contributor.