2018 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 7 - International Bureaus, Congresses, Etc.
Subchapter XXII - African Development Fund
Sec. 290g-23 - Multilateral debt relief

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Citation 22 U.S.C. § 290g-23 (2018)
Section Name §290g–23. Multilateral debt relief
Section Text

(a) The Secretary of the Treasury is authorized to contribute, on behalf of the United States, not more than $54,620,000 to the African Development Fund for the purpose of funding debt relief costs under the Multilateral Debt Relief Initiative incurred in the period governed by the thirteenth replenishment of resources of the African Development Fund, subject to obtaining the necessary appropriations and without prejudice to any funding arrangements in existence on December 16, 2014.

(b) 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 $54,620,000 for payment by the Secretary of the Treasury.

(c) 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.

Source Credit

(Pub. L. 94–302, title II, §224, as added Pub. L. 113–235, div. J, title VII, §7083(c), Dec. 16, 2014, 128 Stat. 2685.)

Publication Title United States Code, 2018 Edition, Title 22 - FOREIGN RELATIONS AND INTERCOURSE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 22 - FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7 - INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XXII - AFRICAN DEVELOPMENT FUND
Sec. 290g-23 - Multilateral debt relief
Contains section 290g-23
Date 2018
Laws In Effect As Of Date January 14, 2019
Positive Law No
Disposition standard
Statutes at Large References 128 Stat. 2685
Public Law References Public Law 94-302, Public Law 113-235
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