Sec. 3. Sense of Congress
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It is the sense of Congress that— the spread of SARS–CoV–2 has had a significant impact on economic, social, and humanitarian conditions throughout Latin America and the Caribbean; the Inter-American Development Bank is the preeminent multilateral development bank dedicated to regional economic and social development and the betterment of lives across Latin America and the Caribbean; the Bank has played an integral role in supporting member countries with the coordination and implementation of policies to mitigate the effects of the COVID–19 pandemic, the Venezuelan refugee and migration crisis, and other crises in the Western Hemisphere; a capital increase for the Bank would greatly increase its capacity to provide financing, institutional knowledge, and technical support to foster recovery and inclusion initiatives between regional governments, private sector entities, and international organizations; the election on September 12, 2020, of a new president of the Inter-American Development Bank— demonstrated hope for the leadership of the United States by regional partners facing increased geopolitical competition and the significant impact of the COVID–19 pandemic; and presents an opportunity for the United States to further strengthen its commitment to helping build a financially stronger and more transparent Bank in order to support the countries of the Americas during such historic crises; and the United States, as a founding member of the Bank, should support a capital stock increase to ensure the Bank is prepared to offer additional support to member countries severely impacted by the COVID–19 pandemic and other crises.