,,ii #aag? ,,congress #b;d ,session ,s4 #dfag ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #bf1 #bjbb,mr4 ,m55dez introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,=eign ,relations ,a ,,bill ,to au?orize contributions to int]national f9ancial in/itutions to help build ! resili5ce ( memb] c\ntries1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,int]national ,f9ancial ,in/itutions ,mobilization ,act ( #bjbb4 #b4 ,/atem5t ( policy on ,unit$ ,/ates lead]%ip at int]national f9ancial in/itutions ,x is ! policy ( ! ,unit$ ,/ates-- 7#a7 to recognize ris+ debt /ock 9 em]g+ m>ket & develop+ c\ntries z a national security & economic security ?reat & raise its importance 9 multilat]al =a2 7#b7 to lev]age ! voice & vote ( ! ,unit$ ,/ates at int]national f9ancial in/itutions to prev5t future unsu/a9able debt /ocks 9 em]g+ m>ket & develop+ c\ntries2 7#c7 to promote rule-writ+ /&>ds = transp>5cy & disclosure t hold bo? debtors & cr$itors acc\ntable1 all[ accurate debt su/a9ability assessm5ts1 & promote bett] debt managem5t2 7#d7 to lead ! int]national community 9 translat+ ! ,g#bj ,common ,framework = ,debt ,treatm5ts beyond ! ,debt ,s]vice ,susp5sion ,initiative 7commonly kn[n z ! ,common ,framework7 into tangible action1 includ+ effective /&/ill = debt paym5ts & cr$it revisions = petition] c\ntries & f9aliz+ ! debt treatm5t = ! petition] c\ntries1 beg9n+ ) ,*ad1 ,e?iopia1 & ,zambia2 7#e7 to r$uce timel9es & increase confid5ce 9 outcomes = ! ,common ,framework s t private cr$itors cont9ue to provide suffici5t f9ances to petition] c\ntries & o!r c\ntries witness ! b5efits ( petition+2 7#f7 to exp& ! ,common ,framework & (f] its f9ancial assi/ance to o!r heavily indebt$ l[]-middle-income c\ntries1 beyond ^? curr5tly cov]$2 7#g7 to coop]ate ) c\nt]p>ts 9 ! ,gr\p ( ,tw5ty 7,g#bj71 int]national f9ancial in/itutions1 private cr$it rat+ ag5cies1 & regulators to explore & develop new bond & loan contract issuance /&>ds t au?orize tempor>y susp5sions ( debt s]vices to bo? private & public cr$itors )\t trigg]+ a default 9 crisis situations2 7#h7 to engage ) petition] c\ntries1 be=e ^? c\ntries exhau/ _! res]ves1 to /rategize _! asc5sion into ! ,common ,framework & prev5t fur!r economic co/s2 7#i7 to lev]age ! voice & vote ( ! ,unit$ ,/ates 9 ! ,int]national ,monet>y ,fund & ! ,_w ,bank s t ! ,fund & ! ,bank complete prelim9>y assessm5ts ( ! debt relief ne$$ by ea* c\ntry eligible = ,common ,framework treatm5t be=e su* c\ntries petition = debt relief2 7#aj7 t assessm5ts describ$ 9 p>agraph 7#i7 %\ld-- 7,a7 include reali/ic gr[? & fiscal projections2 7,b7 include implications ( ,common ,framework debt relief2 & 7,c7 be bas$ on accurate & compreh5sive debt data2 7#aa7 to support int]national f9ancial in/itutions l5d+ into arre>s = ! ,common ,framework 9 ! case t private l5d]s fail to uphold _! initial commitm5ts2 7#ab7 to lev]age ! voice & vote ( ! ,unit$ ,/ates at int]national f9ancial in/itutions to promote & f9ance int]national initiatives to procure & deploy m af=dable & accessible ,,covid-#ai vacc9ations & treatm5ts = em]g+ m>ket & develop+ c\ntries2 & 7#ac7 to address ! ne>-t]m problems associat$ ) ! p&emic-induc$ global recession & long] t]m problems ( unsu/a9able cr$it l5d+ & borr[+ t victimize em]g+ m>ket & develop+ c\ntries4 #c4 ,loans to ,int]national ,monet>y ,fund facilities & tru/ funds 7a7 ,au?orization ( appropriations 7#a7 ,9 g5]al ,!re are au?oriz$ to be appropriat$ to ! ,secret>y ( ! ,treasury = fiscal ye> #bjbc1 #bj1jjj1jjj1 = contribution to ! ,pov]ty ,r$uction & ,gr[? ,tru/ or ! ,resili5ce & ,su/a9ability ,tru/ ( ! ,int]national ,monet>y ,fund4 7#b7 ,availability ( am\nts ,am\nts appropriat$ pursuant to ! au?orization ( appropriations "u p>agraph 7#a7 %all rema9 available until ,decemb] #ca1 #bjca4 7b7 ,loans au?oriz$ 7#a7 ,9 g5]al ,! ,secret>y ( ! ,treasury may make loans to ! ,pov]ty ,r$uction & ,gr[? ,tru/ or ! ,resili5ce & ,su/a9ability ,tru/ ( ! ,int]national ,monet>y ,fund4 7#b7 ,use ( am\nts ,am\nts describ$ 9 p>agraph 7#c7 %all be available-- 7,a7 to cov] ! co/ 7z def9$ 9 section #ejb ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #ffa;a77 ( loans au?oriz$ "u p>agraph 7#a72 & 7,b7 to subsidize gross obligations = ! pr9cipal am\nt ( su* loans1 n to exce$ #ba1jjj1jjj1jjj 9 ! aggregate4 7#c7 ,am\nts describ$ ,am\nts describ$ 9 ?is p>agraph are-- 7,a7 am\nts appropriat$ pursuant to ! au?orization ( appropriations "u subsection 7a72 & 7,b7 am\nts-- 7i7 appropriat$ "u ! head+ ,contributions to ! ,int]national ,monet>y ,fund ,facilities & ,tru/ ,funds 9 any ,act mak+ appropriations = ! ,dep>tm5t ( ,/ate1 =eign op]ations1 & relat$ programs = a fiscal ye> be=e fiscal ye> #bjbc2 & 7ii7 available = obligation z ( ! date ( ! enactm5t ( ?is ,act4 7#d7 ,au?orization ( c]ta9 transactions ,! ,ex*ange ,/abilization ,fund e/abli%$ "u section #ecjb ( title #ca1 ,unit$ ,/ates ,code1 & ! f9anc+ acc\nt correspond+ to transactions ) ! ,int]national ,monet>y ,fund are au?oriz$ to ent] into su* transactions z are necess>y to effectuate loans au?oriz$ "u p>agraph 7#a74 #d4 ,int]national ,developm5t ,association tw5tie? repl5i%m5t ,! ,int]national ,developm5t ,association ,act 7#bb ,u4,s4,c4 #bhd et seq47 is am5d$ by add+ at ! end ! foll[+3 #cb4 ,tw5tie? repl5i%m5t 7a7 ,9 g5]al ,! ,unit$ ,/ates ,gov]nor ( ! ,int]national ,developm5t ,association is au?oriz$ to contribute on behalf ( ! ,unit$ ,/ates #c1ejj1jjj1jjj to ! tw5tie? repl5i%m5t ( ! res\rces ( ! ,association1 subject to obta9+ ! necess>y appropriations4 7b7 ,au?orization ( appropriations ,9 ord] to pay = ! ,unit$ ,/ates contribution provid$ = 9 subsection 7a71 !re are au?oriz$ to be appropriat$1 )\t fiscal ye> limitation1 #c1ejj1jjj1jjj = paym5t by ! ,secret>y ( ! ,treasury4 4 #e4 ,asian ,developm5t ,fund twelf? repl5i%m5t ,! ,asian ,developm5t ,bank ,act 7#bb ,u4,s4,c4 #bhe et seq47 is am5d$ by add+ at ! end ! foll[+3 #cg4 ,twelf? repl5i%m5t 7a7 ,9 g5]al ,! ,unit$ ,/ates ,gov]nor ( ! ,bank is au?oriz$ to contribute1 on behalf ( ! ,unit$ ,/ates1 #agg1ddj1jjj to ! twelf? repl5i%m5t ( ! res\rces ( ! ,fund1 subject to obta9+ ! necess>y appropriations4 7b7 ,au?orization ( appropriations ,9 ord] to pay = ! ,unit$ ,/ates contribution provid$ = 9 subsection 7a71 !re are au?oriz$ to be appropriat$1 )\t fiscal ye> limitation1 #agg1ddj1jjj = paym5t by ! ,secret>y ( ! ,treasury4 4 #f4 ,support = ,int]-,am]ican ,developm5t ,bank ,gr\p re=m & ,,idb ,inve/ capital increase 7a7 ,support = re=m ( ,int]-,am]ican ,developm5t ,bank ,gr\p ,! ,secret>y ( ! ,treasury %all in/ruct ! ,unit$ ,/ates ,executive ,director ( ! ,int]-,am]ican ,developm5t ,bank 79 ?is section ref]r$ to z ! ,bank7 to use ! voice & vote ( ! ,unit$ ,/ates to take /eps to advance op]ational & in/itutional re=ms to improve ! effectiv5ess ( ! ,int]-,am]ican ,developm5t ,bank ,gr\p & accel]ate mod]nization ef=ts t /r5g!n its responsiv5ess to ! v>i$ developm5t *all5ges ( ! c\ntries ( ,lat9 ,am]ica & ! ,c>ibbean1 ) p>ticul> att5tion to enhanc+ ! region's ability to attract private inve/m5t1 increase social inclusion1 & raise climate ambition4 7b7 ,support = new bus9ess model = ,,idb ,inve/ 7#a7 ,9 g5]al ,! ,secret>y %all in/ruct ! ,unit$ ,/ates ,executive ,director ( ! ,bank to use ! voice & vote ( ! ,unit$ ,/ates to take /eps to advance a proposal = a new vision & bus9ess model = ! ,int]-,am]ican ,inve/m5t ,corporation 7commonly kn[n z ,,idb ,inve/7 to increase su/a9able & inclusive private inve/m5t 9 ,lat9 ,am]ica & ! ,c>ibbean1 includ+-- 7,a7 elaboration on ! f9ancial1 res\rce1 op]ational1 & in/itutional implications1 su* z ! pot5tial recalibration ( %>ehold+ at ! ,bo>d ( ,directors ( ,,idb ,inve/1 ( implem5t+ ! new vision & bus9ess model2 & 7,b7 z necess>y1 ! r$esign & modification ( ! managem5t ( ,,idb ,inve/ to reflect ! new vision & bus9ess model4 7#b7 ,cont+5t support = increase 9 capital ,/ock ( ,,idb ,inve/ 7,a7 ,9 g5]al ,if & :5 ! ,bo>ds ( ,directors ( ! ,bank & ! ,,idb ,inve/ endorse a proposal describ$ 9 p>agraph 7#a71 ! ,secret>y %all comm5ce negotiations = an increase 9 ! au?oriz$ capital /ock ( ,,idb ,inve/4 7,b7 ,consultations ,! ,secret>y %all consult ) ! ,committee on ,=eign ,relations ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives reg>d+ ! progress ( any negotiations describ$ 9 subp>agraph 7,a71 includ+ ) respect to anticipat$ timel9es = su* negotiations4 7c7 ,au?orization to subscribe to additional %>es ( /ock ( ,,idb ,inve/ 7#a7 ,s5se ( ,congress ,x is ! s5se ( ,congress t ! ,unit$ ,/ates ,gov]nor to ! ,bank %\ld use ! voice & vote ( ! ,unit$ ,/ates to take /eps-- 7,a7 to r$\ble ! commitm5t ( ! ,unit$ ,/ates to ,,idb ,inve/ & ! ,int]-,am]ican ,developm5t ,bank ,gr\p2 & 7,b7 to d\ble ! f9ancial capacity ( ,,idb ,inve/4 7#b7 ,au?orization 7,a7 ,9 g5]al ,aft] a decision by ! ,bo>d ( ,gov]nors ( ,,idb ,inve/ to increase ! au?oriz$ capital /ock ( ,,idb ,inve/1 ! ,unit$ ,/ates ,gov]nor is au?oriz$ to subscribe on behalf ( ! ,unit$ ,/ates to additional %>es ( /ock 9 su* am\nts z ! ,gov]nor consid]s appropriate1 subject to subp>agraph 7,b74 7,b7 ,limitation ,! ,unit$ ,/ates ,gov]nor may n subscribe on behalf ( ! ,unit$ ,/ates to additional %>es ( /ock 9 ,,idb ,inve/ if su* additional %>es w\ld result 9 ! %>e ( /ock held by ! ,unit$ ,/ates 9 ,,idb ,inve/ to exce$ ! %>e ( /ock held by ! ,unit$ ,/ates 9 ! ,bank4 7#c7 ,report requir$ 7,a7 ,9 g5]al ,n lat] ?an #ae days aft] ! conclusion ( negotiations describ$ 9 subsection 7b77#b7 & n less ?an #ae days be=e ! ,unit$ ,/ates ,gov]nor subscribes on behalf ( ! ,unit$ ,/ates to additional %>es ( /ock 9 ,,idb ,inve/ "u p>agraph 7#b71 ! ,secret>y %all submit to ! ,committee on ,=eign ,relations ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report sett+ =?-- 7i7 ! am\nt ( ! propos$ increase 9 ! capital /ock ( ,,idb ,inve/2 7ii7 ! am\nt ( %>es propos$ = subscription by ! ,unit$ ,/ates 9 connection ) ! propos$ increase2 7iii7 ! %>e ( ! /ock ( ,,idb ,inve/ held by ea* memb] c\ntry & ! correspond+ *ange 9 t %>e associat$ ) ! propos$ increase2 7iv7 ! anticipat$ increas$ f9anc+ levels to be a*iev$ by ! propos$ increase2 7v7 ! expect$ f9ancial & op]ational impact ( ! propos$ increase1 includ+ a description ( relevant in/itutional re=ms by ,,idb ,inve/2 & 7vi7 a description ( :e!r ! ,bank & ,,idb ,inve/ are successfully respond+ to ! m&ates outl9$ by _! respective ,bo>ds ( ,gov]nors 9 resolutions ,,ag-#g_/bb & ,,cii_/,,ag-#c_/bb ( ,m>* #bh1 #bjbb4 7#d7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ su* sums z may be necess>y to pay = ! subscription to additional %>es ( /ock 9 ,,idb ,inve/ au?oriz$ by p>agraph 7#b74