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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 284y Multilateral debt relief us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 7 INTERNATIONAL BUREAUS, CONGRESSES, ETC. 284y 22 U.S.C. § 284y 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/s284y data/legal/raw/us/code/title-22/usc22.xml 381611bf329dfd4ce170e86b9d2fe8f47a87231a3b5b3f076a088d07bb8c3e72 b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 72efd97f20d649554020aef756849878c168761c1eb780d3066a809374d95dde 2026-07-04 official
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22 U.S.C. § 284y - Multilateral debt relief

Text

(a) Authorization of contribution The Secretary of the Treasury is authorized to contribute, on behalf of the United States, not more than $474,000,000 to the International Development Association for the purpose of funding debt relief cost under the Multilateral Debt Relief Initiative incurred in the period governed by the sixteenth replenishment of resources of the International Development Association, subject to obtaining the necessary appropriations and without prejudice to any funding arrangements in existence on December 23, 2011.

(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 $474,000,000 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 Communiqué 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. 86565, § 27, as added Pub. L. 11274, div. I, title VII, § 7083(a), Dec. 23, 2011, 125 Stat. 1262.)