Sec. 1630.56. SUPPORT TO ENHANCE THE CAPACITY OF FUND MEMBERS TO EVALUATE THE LEGAL AND FINANCIAL TERMS OF SOVEREIGN DEBT CONTRACTS
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## SEC. 1630.56 SUPPORT TO ENHANCE THE CAPACITY OF FUND MEMBERS TO EVALUATE THE LEGAL AND FINANCIAL TERMS OF SOVEREIGN DEBT CONTRACTS **[**[22 U.S.C. 262p-14](/us/usc/t22/s262p-14)**]** The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund to use the voice and vote of the United States to advocate that the Fund promote international standards and best practices with respect to sovereign debt contracts and provide technical assistance to Fund members, and in particular to lower middle-income countries and countries eligible to receive assistance from the International Development Association, seeking to enhance their capacity to evaluate the legal and financial terms of sovereign debt contracts with multilateral, bilateral, and private sector creditors. 56Section 6103(a) of division F of Public Law 117-81 provides for an amendment to add section 1630 at the end of Title XVI of the International Financial Institutions Act (22 U.S.C. 262p et seq.).
Subsection
(c)of such section 6103 states “The amendment made by subsection
(a)shall have no force or effect after the 5-year period that begins with the date of the enactment of this Act” [Effective December 27, 2026].
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Sec. 1630.56
SUPPORT TO ENHANCE THE CAPACITY OF FUND MEMBERS TO EVALUATE THE LEGAL AND FINANCIAL TERMS OF SOVEREIGN DEBT CONTRACTS
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