(a) Consideration of commitment to achieving certain goals
(1) [1] In generalThe Secretary of the Treasury shall instruct the United States Executive Directors of the international financial institutions (as defined in section 262r(c)(2) of this title) to promote growth in the international economy by taking into account, when considering whether to support or oppose loan proposals at these institutions, the extent to which the recipient government has demonstrated a commitment to achieving the following goals:
(A)
to provide accurate and complete data on the annual expenditures and receipts of the armed forces;
(b) Steps to achieve goals requiredThe Secretary of the Treasury shall instruct the United States Executive Directors of the international financial institutions (as so defined) to promote a policy at each institution under which—
(1)
the respective institution monitors closely and, through regular policy consultations with recipient governments, seeks to influence the composition of public expenditure in favor of funding growth and development priorities and away from unproductive expenditure, including excessive military expenditures;
(Pub. L. 95–118, title XV, § 1502, as added Pub. L. 103–306, title V, § 526(d), Aug. 23, 1994, 108 Stat. 1633.)