Sec. 108. Prioritization of assistance for power projects in sub-Saharan Africa by the World Bank Group and the African Development Bank
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The Secretary of the Treasury should direct the United States Executive Directors of the World Bank Group and the African Development Bank to, as appropriate, use the voice, vote, and influence of the United States to help ensure the World Bank Group and the African Development Bank— prioritize— increasing their investment in, and efforts to promote investment in, well-designed power sector and electrification projects in sub-Saharan Africa; creating financing opportunities, provide financing, and provide technical assistance to promote both on- and off-grid power and lighting solutions in sub-Saharan Africa; stimulating private investment in reliable, affordable, and sustainable power in sub-Saharan Africa; and providing technical assistance to the regulatory authorities of governments in sub-Saharan Africa to— remove unnecessary regulatory and legal barriers to investment in commercially viable power projects and markets; modify regulatory and legal regimes to assist providers in reducing power transmission and distribution technical losses; implement cost-based power tariffs and provide for commercial cost recovery; encourage end-use efficiency and demand-side management in the power sector; strengthen local power markets; reduce corruption in the power industry, including in government and regulatory processes associated with power production and distribution; encourage domestic investment in the power sector; improve transparency and good governance with respect to regulatory and legal processes and requirements in the power sector; encourage affordable and expedited interconnection for distributed energy systems and independent power producers; ensure compliance with the best practices of the World Bank Group and the African Development Bank; and implement regulatory and legal reforms that facilitate efficient power generation, transmission, and distribution and efficient off-grid energy markets; use clear, accountable, and metric-based targets to measure the effectiveness of investment and other assistance provided by the World Bank Group or the African Development Bank, as the case may be, for power sector and electrification projects in sub-Saharan Africa; and support the efforts of the World Bank Group to foster growth in the off-grid lighting and power markets.
Nothing in this section shall be construed to authorize the Secretary of the Treasury to advocate for modifying or limiting the portfolio of the World Bank Group or the African Development Bank in other developing regions.