Sec. 134. Report on developing country debt sustainability
181 words·~1 min read·
/bill/114/s/1635/pcs/section-134A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 180 days after the date of the enactment of this Act, the Secretary, in coordination with the Secretary of Treasury, shall submit a report containing an assessment of the current external debt environment for developing countries and identifying particular near-term risks to debt sustainability to— the appropriate congressional committees; the Committee on Banking, Housing, and Urban Affairs of the Senate ; and the Committee on Financial Services of the House of Representatives . The report submitted under subsection
(a)shall assess— the impact of new lending relationships, including the role of new creditors; the adequacy of current multilateral surveillance mechanisms in guarding against debt distress in developing countries; the ability of developing countries to borrow on global capital markets; and the interaction between debt sustainability objectives of the developing world and the development-oriented investment agenda of the G–20, including the impact of— current debt sustainability objectives on investment in developing countries; and investment objectives proposed by the G–20 on the ability to meet the goals of— the Heavily Indebted Poor Country Initiative; and the Multilateral Debt Relief Initiative.