African Development Fund Act

[AI summary unavailable — showing source text] Title I: Inter-American Development Bank - Authorizes the United States Governor of the Inter-American Development Bank to vote in favor of two proposed resolutions providing for an increase in the authorized capital stock of the Bank and an increase in the resources of the Fund for Special Operations. Authorizes appropriations of amounts necessary to purchase 99,474 shares of capital stock in the bank and $600,000,000 to contribute to the Fund for Special Operations. Provides that the Governor may vote for an additional increase of authorized callable capital stock. States the Governor may agree on behalf of the United States to subscribe to 37,303 shares of such increased capital. Title II: African Development Fund - African Development Fund Act - Authorizes the President to accept participation for the United States in the African Development Fund of the United Nations. Directs the President, by and with the advice and consent of the Senate, to appoint a Governor and an Alternate Governor of the Fund. Authorizes to be appropriated without fiscal year limitation, as the United States subscription, $25,000,000, to be paid by the Secretary of the Treasury to the Fund in three annua…