Title 22, Foreign Relations and IntercourseRelease 119-102

§290g–23 Multilateral Debt Relief

Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XXII — AFRICAN DEVELOPMENT FUND › § 290g–23

Last updated Aug 21, 2026|Official source

Summary

The Treasury Secretary may give up to $54,620,000 from the United States to the African Development Fund to pay Multilateral Debt Relief Initiative costs during the Fund’s thirteenth replenishment. Congress must approve the money, which can be appropriated with no fiscal-year limit, and this does not change funding arrangements in place on December 16, 2014. The Multilateral Debt Relief Initiative means the G8 “Conclusions on Development” from London, June 11, 2005, reaffirmed at Gleneagles on July 8, 2005.

Full Legal Text

Title 22, §290g–23

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 $54,620,000 to the African Development Fund for the purpose of funding debt relief costs under the Multilateral Debt Relief Initiative incurred in the period governed by the thirteenth replenishment of resources of the African Development Fund, subject to obtaining the necessary appropriations and without prejudice to any funding arrangements in existence on December 16, 2014.

(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 $54,620,000 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. § 290g–23

Title 22, Foreign Relations and Intercourse

Last Updated

Aug 21, 2026

Release point: 119-102