Title 22 — Foreign Relations and IntercourseRelease 119-73

§283z–12 Authority to vote for and contribute to an increase in resources of the Fund for Special Operations; providing debt relief to Haiti

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XII— - INTER-AMERICAN DEVELOPMENT BANK › § 283z–12

Last updated Apr 6, 2026|Official source

Summary

The U.S. Governor of the World Bank can vote to increase the Fund for Special Operations by up to $479,000,000 to carry out debt relief for Haiti under the Cancun Declaration of March 21, 2010. That declaration calls for canceling Haiti’s debts to the Fund, canceling remaining local-currency conversion obligations, turning undisbursed loan balances into grants, and providing immediate grant funding to Haiti while also giving suitable help to other borrowing countries. If Congress provides the money, the U.S. Governor may contribute up to $252,000,000: $240,000,000 to the Fund for Special Operations, $8,000,000 to IFAD, and $4,000,000 to IDA. Up to $212,000,000 is authorized to be appropriated, without fiscal year limit, for the U.S. payment to the Fund for Special Operations.

Full Legal Text

Title 22, §283z–12

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)In accordance with section 283c of this title, the United States Governor of the Bank is authorized to vote in favor of a resolution to increase the resources of the Fund for Special Operations up to $479,000,000, in furtherance of providing debt relief for Haiti in view of the Cancun Declaration of March 21, 2010, which provides that:

(1)Haiti’s debts to the Fund for Special Operations are to be cancelled;

(2)Haiti’s remaining local currency conversion obligations to the Fund for Special Operations are to be cancelled;

(3)undisbursed balances of existing loans of the Fund for Special Operations to Haiti are to be converted to grants; and

(4)the Fund for Special Operations is to make available significant and immediate grant financing to Haiti as well as appropriate resources to other countries remaining as borrowers within the Fund for Special Operations, consistent with paragraph 6 of the Cancun Declaration of March 21, 2010.

(b)To the extent and in the amount provided in advance in appropriations Acts the United States Governor of the Bank may, on behalf of the United States and in accordance with section 283c of this title, contribute up to $252,000,000 to the Fund for Special Operations, which will provide for debt relief of:

(1)up to $240,000,000 to the Fund for Special Operations;

(2)up to $8,000,000 to the International Fund For Agricultural Development (IFAD); and

(3)up to $4,000,000 for the International Development Association (IDA).

(c)To pay for the contribution authorized under subsection (b), there are authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury $212,000,000, for the United States contribution to the Fund for Special Operations.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283z–12

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73