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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. § 7681 Report on expansion of debt relief to non-HIPC countries us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 83 UNITED STATES LEADERSHIP AGAINST HIV/AIDS, TUBERCULOSIS, AND MALARIA 7681 22 U.S.C. § 7681 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/s7681 data/legal/raw/us/code/title-22/usc22.xml 55363ad39ade891097b081a940e555e9b2ab47b5df64e284e1b99265f574491c b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 6a8e34b5bd7208db2f8d72afdefc6802b4b9a341d5d0a1d7c59e6938ba607239 2026-07-04 official
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22 U.S.C. § 7681 - Report on expansion of debt relief to non-HIPC countries

Text

(a) In general Not later than 90 days after May 27, 2003, the Secretary of the Treasury shall submit to Congress a report on—

(1) the options and costs associated with the expansion of debt relief provided by the Enhanced HIPC Initiative to include poor countries that were not eligible for inclusion in the Enhanced HIPC Initiative;

(2) options for burden-sharing among donor countries and multilateral institutions of costs associated with the expansion of debt relief; and

(3) options, in addition to debt relief, to ensure debt sustainability in poor countries, particularly in cases when the poor country has suffered an external economic shock or a natural disaster.

(b) Specific options to be considered Among the options for the expansion of debt relief provided by the Enhanced HIPC Initiative, consideration should be given to making eligible for that relief poor countries for which outstanding public and publicly guaranteed debt requires annual payments in excess of 10 percent or, in the case of a country suffering a public health crisis (as defined in section 262p8(e) of this title), not more than 5 percent, of the amount of the annual current revenues received by the country from internal resources.

(c) Enhanced HIPC Initiative defined In this section, the term “Enhanced HIPC Initiative” means the multilateral debt initiative for heavily indebted poor countries presented in the Report of G7 Finance Ministers on the Cologne Debt Initiative to the Cologne Economic Summit, Cologne, June 1820, 1999.

(Pub. L. 10825, title V, § 502, May 27, 2003, 117 Stat. 749.)