CIS Microfiche Library 1970-2002 (CIS Asia Pacific Collection)

 CIS NO: 74-H241-2
 TITLE: Providing for Additional U.S. Contributions to the Asian Development
     Bank and the International Development Association.
 SOURCE: Committee on Banking, Finance, and Urban Affairs. House
 DOC TYPE: Hearing                   COLLATION: iii+356 p.
 DATE: Nov. 14, Dec. 3, 6, 1973
 CONGRESS-SESSION: 93-1              SUDOC: Y4.B22/1:As4/4
 ITEM NO: 1013
 LC CARD NO: 74-600767               MC ENTRY NO: 06284(74)

 Hearings before the Subcom on International Finance on the following bills
 to authorize increased contributions to international financial
 institutions:
 H.R. 11354 (text, p. 1), to authorize 1.5 billion as the U.S. contribution
     toward the fourth replenishment of funds for the International
     Development Association (IDA).
 H.R. 11355 (text, p. 2), to provide 50 million to the special funds of the
     Asian Development Bank (ADB).
 H.R. 11666 (text, p. 51-52), to authorize 362 million in ordinary capital
     and 50 million to the special funds of the ADB.
 Includes the following reports:
 a. McNamara, Robert S., Address to the World Bank Board of Governors ,
     Sept. 24, 1973, Nairobi, Kenya (p. 83-115).
 b. National Advisory Council on International Monetary and Financial
     Policies, rpts (reprints of H. Doc. 93-181 and H. Doc. 93-182,
     respectively) supporting resource replenishment of IDA, Oct. 1973 (p.
     117-208) and ADB, Nov. 1973 (p. 209-322).
 CONTENT NOTATION: Asian Dev Bank and Intl Dev Assn, US contributions
     authorization
 DESCRIPTORS (and special content notations): SUBCOM ON INTERNATIONAL
     FINANCE. HOUSE; INTERNATIONAL DEVELOPMENT ASSOCIATION (US contribution
     increase); ASIAN DEVELOPMENT BANK (US contribution increase);
     FOREIGN.ASSISTANCE; STATISTICAL DATA: BANKING, FINANCE, AND INSURANCE
     (Asian Dev Bank and Intl Dev Assn financial statements and activities);
     MCNAMARA, ROBERT S. (Address to the World Bank Board of Governors)
 BILLS: 93 H.R.11354; 93 H.R.11355; 93 H.R.11666
 LEGISLATIVE HISTORY OF: P.L.93-373; P.L.93-537

 74-H241-2 TESTIMONY NO: 1          Nov. 14, 1973 p. 2-50
 WITNESSES (and witness notations):
     SHULTZ, GEORGE P. (Sec of Treas)
 STATEMENT: Necessity for cooperation in international economic relations
     and development assistance institutions; rationale for augmenting U.S.
     contributions. (p. 2-10)
 DISCUSSION: Overview of IDA lending policies; impact on U.S. economy of
     international financial institutions; policy responses of Treasury Dept
     and IDA to expropriations of U.S. companies abroad. (p. 10-50)
 INSERTIONS: Presidential message urging funding of IDA and ADB, Oct. 31,
     1973 (p. 18-20).
       "Importance to the U.S. of LDC's as Export Markets and Sources of Raw
     Materials," Treas Dept rpt and tables (p. 21-23).
       "Asian Export and Population Projections," 1960-72 Treas Dept rpt and
     tables (p. 29-34).
 CONTENT NOTATION: Asian Dev Bank and Intl Dev Assn, US contributions
     increase
 DESCRIPTORS: DEPARTMENT.OF.TREASURY; EXPROPRIATION

 74-H241-2 TESTIMONY NO: 2          Dec. 3, 1973 p. 52-58
 WITNESSES (and witness notations):
     BLACK, EUGENE R. (former pres, World Bank)
 STATEMENT: Effectiveness of multilateral assistance and IDA and ADB
     programs. (For discussion, see H241-2.3.)
 CONTENT NOTATION: Intl Dev Assn and Asian Dev Bank, US contributions
     increase

 74-H241-2 TESTIMONY NO: 3          Dec. 3, 1973 p. 58-81
 WITNESSES (and witness notations):
     GARDNER, RICHARD N. (prof of law and intl organization, Columbia Univ)
 STATEMENT: Benefits to U.S. from multilateral assistance to developing
     countries. (p. 58-67)
 DISCUSSION: (Includes testimony under H241-2.2.) Impact of U.S. assistance
     on relations with other nations and achieving world order; views on
     appropriate contribution of U.S. to international institutions. (p.
     67-81)
 CONTENT NOTATION: Intl Dev Assn and Asian Dev Bank, US contributions
     increase

 74-H241-2 TESTIMONY NO: 4          Dec. 6, 1973 p. 325-331
 WITNESSES (and witness notations):
     ROCKEFELLER, DAVID (bd chm, Chase Manhattan Bank)
 STATEMENT: Economic benefits to U.S. from least developed countries'
     development; lending skill of international development institutions.
     (For discussion, see H241-2.4.)
 CONTENT NOTATION: Intl Dev Assn and Asian Dev Bank, US contributions
     increase
 DESCRIPTORS: CHASE MANHATTAN BANK

 74-H241-2 TESTIMONY NO: 5          Dec. 6, 1973 p. 331-345
 WITNESSES (and witness notations):
     BERGSTEN, C. FRED (sr fellow, Brookings Instn)
 STATEMENT AND DISCUSSION: (Includes testimony under H241-2.4.) Character
     and causes of U.S. dependence on international economic relations; U.S.
     interests served by participation in international development
     institutions. (For additional discussion, see H241-2.6.)
 CONTENT NOTATION: Intl Dev Assn and Asian Dev Bank, US contributions
     increase

 74-H241-2 TESTIMONY NO: 6          Dec. 6, 1973 p. 345-356
 WITNESSES (and witness notations):
     WHALEN, CHARLES W., JR. (Rep, R-Ohio)
 STATEMENT AND DISCUSSION: (Includes testimony under H241-2.5.) Reasons for
     supporting IDA and ADB funding; proposal to separate special drawing
     rights (SDR's) allocations from development finance.
 CONTENT NOTATION: Intl Dev Assn and Asian Dev Bank, US contributions
     increase