Page:United States Statutes at Large Volume 112 Part 4.djvu/257

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PUBLIC LAW 105-277—OCT. 21, 1998 112 STAT. 2681-228 for International Development, and the United States Trade Representative.". (b) ADVISORY COMMITTEE ON IMF POLICY. —Section 1701 of such Act (22 U.S.C. 262p-5) is amended by adding at the end 22 USC 262r. the following: "(e) ADVISORY COMMITTEE ON IMF POLICY.— "(1) IN GENERAL.— The Secretary of the Treasury should estabhsh an International Monetary Fund Advisory Committee (in this subsection referred to as the 'Advisory Committee'). "(2) MEMBERSHIP.— The Advisory Committee should consist of members appointed by the Secretsiry of the Treasury, after appropriate consultations with the relevant organizations. Such members should include representatives from industry, representatives from agriculture, representatives from orgeinized labor, representatives from banking and financial services, and representatives from nongovernmental environmental and human rights organizations.". REDUCTION OF BARRIERS TO AGRICULTURAL TRADE SEC. 611. Title XIV of the International Financial Institutions Act (22 U.S.C. 262n-262n-2) is amended by adding at the end the following: «SEC. 1404. REDUCTION OF BARRIERS TO AGRICULTURAL TRADE. 22 USC 262n-3. "The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund to use aggressively the voice and vote of the United States to vigorously promote policies to encourage the opening of markets for agricultural commodities and products by requiring recipient countries to make efforts to reduce trade barriers.". SEMMNNUAL REPORTS ON FINANCIAL STABILIZATION PROGRAMS LED BY THE INTERNATIONAL MONETARY FUND IN CONNECTION WITH FI- NANCING FROM THE EXCHANGE STABILIZATION FUND SEC. 612. Title XVII of the International Financial Institutions Act (22 U.S.C. 262r-262r-2) is amended by adding at the end the following: "SEC. 1704. REPORTS ON FINANCIAL STABILIZATION PROGRAMS LED 22 USC 262r-3. BY THE INTERNATIONAL MONETARY FUND IN CONNEC- TION WITH FINANCING FROM THE EXCHANGE STABILIZA- TION FUND. "(a) IN GENERAL. — The Secretary of the Treasury, in consultation with the Secretary of Commerce and other appropriate Federal agencies, shall prepare reports on the implementation of financial stabilization programs (and any material terms and conditions thereof) led by the International Monetary Fund in countries in connection with which the United States has made a commitment to provide, or has provided financing from the stabilization fund established under section 5302 of title 31, United States Code. The reports shall include the following: "(1) A description of the condition of the economies of countries requiring the financial stabilization programs, including the monetary, fiscal, and exchange rate policies of the countries. "(2) A description of the degree to which the countries requiring the financial stabilization programs have fully 59-194O-98 -9:QL3Part4