republic-os/legal/us/code/title-22/chapter-7/section-262p-4e.md

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LegalText	22 U.S.C. § 262p–4e	Extent to which borrowing country governments have honored debt-for-development swap agreements to be considered as factor in making loans to such borrowers	us	united_states_code	code_section	22	FOREIGN RELATIONS AND INTERCOURSE	7	INTERNATIONAL BUREAUS, CONGRESSES, ETC.	262p–4e	22 U.S.C. § 262p–4e	current	119-100	2026-06-26	official	https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip	/us/usc/t22/s262p–4e	data/legal/raw/us/code/title-22/usc22.xml	7385c88b40ce88ec758131f6547e8a06e99de96ef5b62edf84eb2b0c2917a7eb	b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83	c288cd878c1aee8d14532bd2a7bef6a99074d0a046e96539070a450d48ff4c62	2026-07-04	official	legal us-code

22 U.S.C. § 262p–4e - Extent to which borrowing country governments have honored debt-for-development swap agreements to be considered as factor in making loans to such borrowers

Text

(a) In general The Secretary of the Treasury shall instruct the United States Executive Director of the International Bank for Reconstruction and Development to initiate discussions with the directors of such bank and propose that such bank consider, as an important factor in making loans to borrowing country governments, the history of compliance by such governments with, and the extent to which such governments have honored, agreements entered into by such governments as part of any debt-for-development swap which requires such governments to set aside or otherwise limit the use of real property to conservation purposes.

(b) Definitions As used in this section:

(1) Debt-for-development swap The term “debt-for-development swap” means the purchase of qualified debt by, or the donation of such debt to, an organization described in section 501(c)(3) of title 26 which is exempt from taxation under section 501(a) of title 26, and the subsequent transfer of such debt to an organization located in such foreign country in exchange for an undertaking by such tax-exempt organization, such foreign government, or such foreign organization to engage in a charitable, educational, or scientific activity.

(2) Qualified debt The term “qualified debt” means—

(A) sovereign debt issued by a foreign government;

(B) debt owed by private institutions in the country governed by such foreign government; and

(C) debt owed by institutions in the country governed by such foreign government which are owned, in part, by private persons and, in part, by public institutions.

(Pub. L. 95–118, title XVI, § 1610, as added Pub. L. 100–461, title V, § 555, Oct. 1, 1988, 102 Stat. 2268–36.)

Notes

Editorial Notes

Codification Section 1610 of Pub. L. 95–118 is based on section 10 of H.R. 4645, One Hundredth Congress, as reported Sept. 28, 1988, and enacted into law by Pub. L. 100–461.

Statutory Notes and Related Subsidiaries

Definitions The definitions in section 262p–5 of this title apply to this section.