Sec. 232. Loans to the Poverty Reduction and Growth Trust of the International Monetary Fund
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There are authorized to be appropriated to the Secretary of the Treasury for fiscal year 2022 $102,000,000, for contribution to the Poverty Reduction and Growth Trust or other special purpose vehicle of the International Monetary Fund. Amounts appropriated pursuant to the authorization of appropriations under paragraph
(1)shall remain available until September 30, 2031. Amounts appropriated pursuant to the authorization of appropriations under subsection
(a)shall be available— to cover the cost (as defined in section 502 of the Congressional Budget Act of 1974 ( 2 U.S.C. 661a )) of loans made by the Secretary of the Treasury to the Poverty Reduction and Growth Trust or other special purpose vehicle of the International Monetary Fund; and to subsidize gross obligations for the principal amount of direct loans not to exceed 15,000,000,000 Special Drawing Rights. Section 5(f) of the Bretton Woods Agreements Act ( 22 U.S.C. 286c(f) ) shall not apply to any loans made pursuant to this section to the Poverty Reduction and Growth Trust or other special purpose vehicle of the International Monetary Fund on or before September 30, 2031. The Exchange Stabilization Fund and the financing account corresponding to transactions with the International Monetary Fund are authorized to enter into such transactions as are necessary to effectuate loans made pursuant to this section and denominated in Special Drawing Rights to the Poverty Reduction and Growth Trust or other special purpose vehicle of the International Monetary Fund.
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Sec. 232
Loans to the Poverty Reduction and Growth Trust of the International Monetary Fund
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