Federal · Title 22 — Foreign Relations and Intercourse

22 U.S.C. § 262p: Instructions to United States Executive Directors for extension of credit

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in carrying on the activities of the Bank or Association, the Bank or Association take such steps as may be necessary to increase access for the poor people of a borrowing country to formal sources of credit; and the establishment or operation of organizations which extend credit; and the provision of credit to microenterprises for small scale economic activities. examine the Program for the Financing of Small Projects of the Inter-American Development Bank and the steps taken by such bank to link the Program to the mainstream operation of the bank; and explore ways and means to establish similar programs within the respective banks to provide credit to microenterprises for small scale economic activities. Each annual report to the Congress by the National Advisory Council on International Monetary and Financial Policies shall describe the status of the microenterprise credit promotion activities of each of the institutions referred to in subsection (a) or (b).

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