Title 22 — Foreign Relations and IntercourseRelease 119-73

§284w Multilateral debt relief

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XIII— - INTERNATIONAL DEVELOPMENT ASSOCIATION › § 284w

Last updated Apr 6, 2026|Official source

Summary

The Treasury Secretary may give up to $356,000,000 on behalf of the United States to the International Development Association to pay for debt relief under the Multilateral Debt Relief Initiative during IDA’s fifteenth replenishment. This payment depends on Congress providing the money and does not change any funding arrangements in place on June 24, 2009. Up to $356,000,000 may be appropriated, with no fiscal year limit, to pay for this contribution. Multilateral Debt Relief Initiative — the G8 proposal from June 11, 2005, reaffirmed July 8, 2005.

Full Legal Text

Title 22, §284w

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The Secretary of the Treasury is authorized to contribute, on behalf of the United States, not more than $356,000,000 to the International Development Association for the purpose of funding debt relief under the Multilateral Debt Relief Initiative in the period governed by the fifteenth replenishment of resources of the International Development Association, subject to obtaining the necessary appropriations and without prejudice to any funding arrangements in existence on June 24, 2009.

(b)In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, not more than $356,000,000 for payment by the Secretary of the Treasury.

(c)In this section, the term “Multilateral Debt Relief Initiative” means the proposal set out in the G8 Finance Ministers’ Communique entitled “Conclusions on Development,” done at London, June 11, 2005, and reaffirmed by G8 Heads of State at the Gleneagles Summit on July 8, 2005.

Reference

Citations & Metadata

Citation

22 U.S.C. § 284w

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73