PUBLIC LAW 105-277—OCT. 21, 1998 112 STAT. 2681-202 provides written policy justifications to the appropriate congressional committees prior to his exercise of such waiver. No funds may be obligated for KEDO until 30 days after submission to Congress of such waiver. (e) Not later than January 1, 1999, the President shall name a "North Korea Policy Coordinator", who shall conduct a full and complete interagency review of United States policy toward North Korea, shall provide policy direction for negotiations with North Korea related to nuclear weapons, ballistic missiles, and other security related issues, and shall also provide leadership for United States participation in KEDO. (f) The Secretary of State shall submit to the appropriate congressional committees sm annual report (to be submitted with the annual presentation for appropriations) providing a full and detailed accounting of the fiscal year request for the United States contribution to KEDO, the expected operating budget of the KEDO, to include unpaid debt, proposed annual costs associated with heavy fuel oil purchases, and the amount of funds pledged by other donor nations and organizations to support KEDO activities on a per country basis, and other related activities. (g) The Secretary of Defense shall submit to the appropriate congressional committees an annual report on the degree to which KEDO's mission and the Agreed Framework continue to promote important United States national security interests, contribute to delaying North Korean indigenous development of nuclear weaponsrelated technology, and positively impact the level of tension on the Korean Peninsula. NATIONAL ADVISORY COUNCIL ON INTERNATIONAL MONETARY AND FINANCIAL POLICIES SEC. 583. (a) Notwithstanding any other provision of law, each 22 USC 262r annual report required by subsection 1701(a) of the International ^°^- Financial Institutions Act, as amended (Public Law 95-118, 22 U.S.C. 262r), shall comprise— (1) an assessment of the effectiveness of the major policies and operations of the international financial institutions; (2) the major issues affecting United States participation; (3) the major developments in the past year; (4) the prospects for the coming year; (5) the progress made and steps taken to achieve United States policy goals (including major policy goals embodied in current law) with respect to the international financial institutions; and (6) such data and explanations concerning the effectiveness, operations, and policies of the international financial institutions, such recommendations concerning the international financial institutions, and such other data and material as the Chairman may deem appropriate. (b) The requirements of Sections 1602(e), 1603(c), 1604(c), and 1701(b) of the mtemational Financial Institutions Act, as amended (Public Law 95-118, 22 U.S.C. 262p-l, 262p-2, 262p-3 and 262(r)), Section 2018(c) of the International Narcotics Control Act of 1986, as amended (Public Law 99-570, 22 U.S.C. 2291 note). Section 407(c) of the Foreign Debt Reserving Act of 1989 (Public Law 101-240, 22 U.S.C. 2291 note). Section 14(c) of the Inter-American Development Bank Act, as amended (Public Law 86-147, 22 U.S.C. 283j-l(c)), and Section 1002 of the Freedom for Russia and
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