Improvement of transparency in host nations

Title XV of the International Financial Institutions Act (22 U.S.C. 262o–262o–4) is amended by adding at the end the following: 1506. Improvement of transparency in host nations The Secretary of the Treasury shall instruct the United States Executive Director at each international financial institution (as defined in section 1701(c)(2)) to encourage the respective institution to publicize the nature and purpose of any project, loan, investment, or other activity being pursued by the institution in any country, in simple terms designed to increase the understanding of the citizens of the country of the good work conducted by the institution and better explain who will benefit from the activity..