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Multilateral Development Banks: Procedures for U.S. Participation 1 (January 22, 2001)

handle is hein.tera/crser0034 and id is 1 raw text is: Order Code RS20791 January 22, 2001 CRS Report for Congress Received through the CRS Web Multilateral Development Banks: Procedures for U.S. Participation Jonathan E. Sanford Analyst in International Political Economy Foreign Affairs, Defense, and Trade Division Summary The United States is a member of seven multilateral development institutions. This report discusses the process for U.S. involvement in each. The U.S. Treasury Department manages US. participation, in consultation with other agencies. Congress has a major role in the formulation ofU. S. policy, though this differs in several important respects from the role it exercises over U.S. agencies. This report will be updated periodically. Overview The United States is a member of five multilateral development banks (MDBs) and two similar agencies. The World Bank is the largest MDB. It lends to developing countries in all parts of the world. Four regional banks lend to developing countries in their particular areas. These include the Asian Development Bank (ADB), African Development Bank (AFDF), European Bank for Reconstruction and Development (EBRD) and Inter-American Development Bank (IDB). The other two agencies are the International Fund for Agricultural Development (IFAD) and the North American Development Bank (NADB). IFAD lends, mainly to the poorest developing countries, to fund projects aimed at the alleviation of poverty and increased agricultural production. The NADB is a joint U.S.-Mexican agency, created as part of the NAFTA agreement, which helps fund environmental projects in the border region and provides community adjustment assistance for areas adversely affected by NAFTA. CRS Issue Brief 1B96008, Multilateral Development Banks: Issues for the 107h Congress, discusses several prominent issues as well as current congressional actionvis-a- vis the MDBs. This report discusses how the United States manages its participation in these international agencies. A companion paper, CRS Report RS20793, Multilateral Development Banks: Basic Background, provides information about their organizational structure and operations. Another, CRS Report RS20792, shows how much the United States has contributed annually to each multilateral agency. Congressional Research Service • The Library of Congress

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