§10008 Multilateral assistance

Summary

The Treasury Secretary may tell U.S. representatives at international financial institutions to support loans or other uses of those institutions’ funds for Sudan during its transition. That support can help meet basic human needs, fight COVID‑19, and back efforts to strengthen democracy, government practices, and public money management. Congress says Sudan’s economic problems come from decades of corruption, bad economic management, and war; recovery needs fighting corruption, ending the conflicts in Darfur, South Kordofan, and Blue Nile, and promoting inclusive growth. Congress also says COVID‑19 is a serious threat to Sudan’s economy, health, food supply, and the move to civilian rule. After Sudan is taken off the State Sponsors of Terrorism List and the Sovereignty Council is led by a civilian, the Treasury and State should work with international lenders and other official creditors to seek debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative. Not later than 3 months after January 1, 2021, and at least every 6 months during the transition, the Treasury, with State, must report to certain congressional committees on what the transitional government is doing to improve governance and fiscal transparency. The report must cover items like putting civilian control over security and intelligence finances, making security spending and company holdings transparent and transferring them to civilian authorities, stopping officials’ involvement in illegal mineral trade (including petroleum and gold), recovering state assets taken by the National Congress Party or its officials, tracking offshore funds controlled by security services, and strengthening banking rules and anti‑money‑laundering and counter‑terrorism financing measures. The reports go to the Senate Foreign Relations and Appropriations Committees, and the House Foreign Affairs, Appropriations, and Financial Services Committees.