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U.S. Code as of:
01/19/04
Section 262s. Multilateral development bank procurement
(a) Executive Directors
The Secretary of the Treasury shall instruct the United States
Executive Director of each multilateral development bank to attach
a high priority to promoting opportunities for exports for goods
and services from the United States and, in carrying out this
function, to investigate thoroughly any complaints from United
States bidders about the awarding of procurement contracts by the
multilateral development banks to ensure that all contract
procedures and rules of the banks are observed and that United
States firms are treated fairly.
(b) (!1) Officer of procurement
(1) Establishment
The Secretary of the Treasury shall designate, within the
Office of International Affairs in the Department of the
Treasury, an officer of multilateral development bank
procurement.
(2) Function
The officer shall act as the liaison between the Department of
the Treasury, the Department of Commerce, and the United States
Executive Directors' offices in the multilateral development
banks, in carrying out this section. The officer shall cooperate
with the Department of Commerce in efforts to improve
opportunities for multilateral development bank procurement by
United States companies.
(b) (!1) "Multilateral development bank" defined
As used in this section, the term "multilateral development bank"
includes the International Bank for Reconstruction and Development,
the International Development Association, the International
Finance Corporation, the Inter-American Development Bank, the
InterAmerican Investment Corporation, the Asian Development Bank,
the African Development Bank, and the African Development Fund.
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