(a) The Secretary of the Treasury shall direct the United States Executive Directors of the international financial institutions (as defined in section
262r (c)(2) of this title) to use the voice and vote of the United States to urge the respective institution
(1) to adopt policies to encourage borrowing countries to guarantee internationally recognized worker rights (within the meaning of section
2467 (4) of title
19) and to include the status of such rights as an integral part of the institutions policy dialogue with each borrowing country;
(2) in developing the policies referred to in paragraph (1), to use the relevant conventions of the International Labor Organization, which have set forth, among other things, the right of association, the right to organize and bargain collectively, a prohibition on the use of any form of forced or compulsory labor, and certain minimum labor standards that take into account differences in development levels among nations including a minimum age for the employment of children, acceptable conditions of work with respect to minimum wages, hours of work, and occupational safety and health; and
(3) to establish formal procedures to screen projects and programs funded by the institution for any negative impact in a borrowing country on the rights referred to in paragraph (1).