§ 284w. Multilateral debt relief

183 words·~1 min read·/usc/title-22/section-284w

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(a)Authorization of contribution The Secretary of the Treasury is authorized to contribute, on behalf of the United States, not more than $356,000,000 to the International Development Association for the purpose of funding debt relief under the Multilateral Debt Relief Initiative in the period governed by the fifteenth replenishment of resources of the International Development Association, subject to obtaining the necessary appropriations and without prejudice to any funding arrangements in existence on June 24, 2009.

(b)Appropriations In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, not more than $356,000,000 for payment by the Secretary of the Treasury.

(c)Multilateral Debt Relief Initiative In this section, the term “Multilateral Debt Relief Initiative” means the proposal set out in the G8 Finance Ministers’ Communique entitled “Conclusions on Development,” done at London, June 11, 2005, and reaffirmed by G8 Heads of State at the Gleneagles Summit on July 8, 2005.

(Pub. L. 86–565, § 25, as added Pub. L. 111–32, title XI, § 1109(a), June 24, 2009, 123 Stat. 1901.)

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Cited by 2 sections

statutes-at-large

Public Law 111–32
Making supplemental appropriations for the fiscal year ending September 30, 2009, and for other purposes

statute-compilations

Sec. 25
MULTILATERAL DEBT RELIEF

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Pub. L. 86–565, § 25
Pub. L. 111–32, title XI, § 1109(a)
123 Stat. 1901

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§ 284w

Multilateral debt relief

Stat. Comp.×1

Stat.×1

Pub. L.Pub. L. 86–565, § 25

Pub. L.Pub. L. 111–32, title XI, § 1109(a)

Stat.123 Stat. 1901

Cites 3Cited by 2 across 2 sources