Collapse to view only § 290g-19. Multilateral Debt Relief Initiative
- § 290g. African Development Fund; United States participation
- § 290g-1. Appointment of Governor and Alternate Governor; rank, duties, and compensation
- § 290g-2. Law governing reports to the President and the Congress
- § 290g-3. Specific actions requiring Congressional authorization
- § 290g-4. Authorization of appropriations; repayments and distributions from Fund to Treasury
- § 290g-5. Federal Reserve banks as depository for the Fund; supervision
- § 290g-6. Civil action by or against the Fund; service of process, venue, jurisdiction, removal of actions
- § 290g-7. Force and effect of agreement; deposit of documents by the President; reservation of right to tax salaries and emoluments paid by the Fund to United States citizens or nationals
- § 290g-8. Presidential instructions to United States Governor of the Fund to veto any use of funds to benefit a country pursuing a detrimental economic policy against United States interests; exceptions
- § 290g-9. Repealed.
- § 290g-10. Additional authorization for contribution to African Development Fund
- § 290g-11. Additional authorization for payment of United States contribution
- § 290g-12. Additional authorization for payment of United States contribution
- § 290g-13. Additional authorization for payment of United States contribution
- § 290g-14. Additional authorization for payment of United States contribution
- § 290g-15. Sixth replenishment
- § 290g-16. Ninth replenishment
- § 290g-17. Tenth replenishment
- § 290g-18. Eleventh replenishment
- § 290g-19. Multilateral Debt Relief Initiative
- § 290g-20. Twelfth replenishment
- § 290g-21. Multilateral debt relief
- § 290g-22. Thirteenth replenishment
- § 290g-23. Multilateral debt relief
- § 290g-24. Fourteenth replenishment
- § 290g-25. Fifteenth replenishment
- § 290g-26. Sixteenth replenishment
§ 290g. African Development Fund; United States participation
The President is hereby authorized to accept participation for the United States in the African Development Fund (hereinafter referred to as the “Fund”) provided for by the agreement establishing the Fund (hereinafter referred to as the “agreement”) deposited in the Archives of the United Nations.
(Pub. L. 94–302, title II, § 202, May 31, 1976, 90 Stat. 593.)
§ 290g–1. Appointment of Governor and Alternate Governor; rank, duties, and compensation
(a) The President shall appoint a Governor, and an Alternate Governor, of the Fund—
(1) by and with the advice and consent of the Senate; or
(2) from among individuals serving as officials required by law to be appointed by and with the advice and consent of the Senate.
(b) The Governor, or in his absence the Alternate Governor, on the instructions of the President, shall cast the votes of the United States for the Director to represent the United States in the Fund. The Director representing the United States and his Alternate, if they are citizens of the United States, may, in the discretion of the President, receive such compensation, allowances, and other benefits not exceeding those authorized for a chief of mission under the Foreign Service Act of 1980 [22 U.S.C. 3901 et seq.].
(Pub. L. 94–302, title II, § 203, May 31, 1976, 90 Stat. 593; Pub. L. 96–465, title II, § 2206(a)(5), Oct. 17, 1980, 94 Stat. 2161; Pub. L. 112–166, § 2(bb), Aug. 10, 2012, 126 Stat. 1290.)
§ 290g–2. Law governing reports to the President and the Congress
The provisions of section 286b of this title, shall apply with respect to the Fund to the same extent as with respect to the International Bank for Reconstruction and Development and the International Monetary Fund.
(Pub. L. 94–302, title II, § 204, May 31, 1976, 90 Stat. 594; Pub. L. 101–240, title V, § 541(e)(6), Dec. 19, 1989, 103 Stat. 2519.)
§ 290g–3. Specific actions requiring Congressional authorization
Unless Congress by law authorizes such action, neither the President nor any person or agency shall, on behalf of the United States:
(a) agree to an increase in the subscription of the United States to the Fund;
(b) vote for or agree to any amendment of the agreement which increases the obligations of the United States, or which would change the purpose or functions of the Fund; or
(c) make a loan or provide other financing to the Fund, except that funds for technical assistance may be provided to the Fund by a United States agency created pursuant to an Act of Congress which is authorized by law to provide funds to international organizations.
(Pub. L. 94–302, title II, § 205, May 31, 1976, 90 Stat. 594.)
§ 290g–4. Authorization of appropriations; repayments and distributions from Fund to Treasury
(a) There is hereby authorized to be appropriated without fiscal year limitation, as the United States subscription, $25,000,000 to be paid by the Secretary of the Treasury to the Fund in three annual installments of $9,000,000, $8,000,000, and $8,000,000.
(b) Any repayment or distribution of moneys from the Fund to the United States shall be covered into the Treasury as a miscellaneous receipt.
(Pub. L. 94–302, title II, § 206, May 31, 1976, 90 Stat. 594.)
§ 290g–5. Federal Reserve banks as depository for the Fund; supervision
Any Federal Reserve bank which is requested to do so by the President shall act as a depository for the Fund, and the Board of Governors of the Federal Reserve System shall supervise and direct the carrying out of these functions by the Federal Reserve banks.
(Pub. L. 94–302, title II, § 207, May 31, 1976, 90 Stat. 594.)
§ 290g–6. Civil action by or against the Fund; service of process, venue, jurisdiction, removal of actions
For the purpose of any civil action which may be brought within the United States, its territories or possessions, or the Commonwealth of Puerto Rico, by or against the Fund in accordance with the agreement, the Fund shall be deemed to be an inhabitant of the Federal judicial district in which its principal office or agency appointed for the purpose of accepting service or notice of service is located, and any such action to which the Fund shall be party shall be deemed to arise under the laws of the United States, and the district courts of the United States (including the courts enumerated in section 460 of title 28) shall have original jurisdiction of any such action. When the Fund is defendant in any action in a State court, it may, at any time before the trial thereof, remove such action into the district court of the United States for the proper district by following the procedure for removal of causes otherwise provided by law.
(Pub. L. 94–302, title II, § 208, May 31, 1976, 90 Stat. 594.)
§ 290g–7. Force and effect of agreement; deposit of documents by the President; reservation of right to tax salaries and emoluments paid by the Fund to United States citizens or nationals
The agreement, including without limitation articles 41 through 50, shall have full force and effect in the United States, its territories and possessions, and the Commonwealth of Puerto Rico, upon the acceptance of participation by the United States in, and the entry into force of, the Fund. The President, at the time of deposit of the instrument of acceptance of participation of the United States in the Fund, shall also deposit a declaration that the United States retains for itself and its political subdivisions the right to tax salaries and emoluments paid by the Fund to its citizens or nationals and may deposit a declaration providing for reservations on other matters set forth in article 58.
(Pub. L. 94–302, title II, § 209, May 31, 1976, 90 Stat. 594.)
§ 290g–8. Presidential instructions to United States Governor of the Fund to veto any use of funds to benefit a country pursuing a detrimental economic policy against United States interests; exceptions
The President shall instruct the United States Governor of the Fund to cause the Executive Director representing the United States in the Fund to cast the votes of the United States against any loan or other utilization of the funds of the Fund for the benefit of any country which has—
(1) nationalized or expropriated or seized ownership or control of property owned by any United States citizen or by any corporation, partnership, or association not less than 50 per centum of which is beneficially owned by United States citizens;
(2) taken steps to repudiate or nullify existing contracts or agreements with any United States citizen or any corporation, partnership, or association not less than 50 per centum of which is beneficially owned by United States citizens; or
(3) imposed or enforced discriminatory taxes or other exactions, or restrictive maintenance or operational conditions, or has taken other actions, which have the effect of nationalizing, expropriating, or otherwise seizing ownership or control of property so owned;
unless the President determines that (A) an arrangement for prompt, adequate, and effective compensation has been made, (B) the parties have submitted the dispute to arbitration under the rules of the Convention for the Settlement of Investment Disputes, or (C) good faith negotiations are in progress aimed at providing prompt, adequate, and effective compensation under the applicable principles of international law.
(Pub. L. 94–302, title II, § 210, May 31, 1976, 90 Stat. 595.)
§ 290g–9. Repealed. Pub. L. 95–118, title VII, § 702, Oct. 3, 1977, 91 Stat. 1070
§ 290g–10. Additional authorization for contribution to African Development Fund
(a) Payment of United States contribution; review of payment and voting structure with other donor nations
(b) Authorization of appropriations
(Pub. L. 94–302, title II, § 211, formerly § 212, as added Pub. L. 95–118, title VI, § 601, Oct. 3, 1977, 91 Stat. 1069; renumbered § 211, Pub. L. 96–259, title III, § 301(1), June 3, 1980, 94 Stat. 430.)
§ 290g–11. Additional authorization for payment of United States contribution
(a) United States share
(b) Authorization of appropriations
(c) Funding requirements
For the purpose of keeping to a minimum the cost to the United States, the Secretary of the Treasury—
(1) shall pay the United States contribution to the African Development Fund authorized by this section by letter of credit in three annual installments; and
(2) shall take the steps necessary to obtain a certification from the Fund that any undisbursed balances resulting from draw-downs on such letter of credit will not exceed at any time the United States share of expected disbursement requirements for the following three-month period.
(Pub. L. 94–302, title II, § 212, as added Pub. L. 96–259, title III, § 301(2), June 3, 1980, 94 Stat. 430.)
§ 290g–12. Additional authorization for payment of United States contribution
(a)
(1) The United States Governor of the Fund is authorized to contribute on behalf of the United States $150,000,000 to the Fund as the United States contribution to the third replenishment of the resources of the Fund.
(2) Any commitment to make the contribution authorized in paragraph (1) shall be made subject to obtaining the necessary appropriations.
(b) In order to pay for the United States contribution provided for in this section, there are authorized to be appropriated, without fiscal year limitation, $150,000,000 for payment by the Secretary of the Treasury.
(Pub. L. 94–302, title II, § 213, as added Pub. L. 98–181, title I [title X, § 1003], Nov. 30, 1983, 97 Stat. 1286.)
§ 290g–13. Additional authorization for payment of United States contribution
(a)
(1) The United States Governor of the Fund is authorized to contribute $225,000,000 to the fourth replenishment of the resources of the Fund.
(2) Any commitment to make the contribution authorized in paragraph (1) shall be made subject to obtaining the necessary appropriations.
(b) In order to pay for the United States contribution provided for in this section, there are authorized to be appropriated, without fiscal year limitation, $225,000,000 for payment by the Secretary of the Treasury.
(Pub. L. 94–302, title II, § 214, as added Pub. L. 99–190, § 101(i) [title I, (a)], Dec. 19, 1985, 99 Stat. 1291, 1294.)
§ 290g–14. Additional authorization for payment of United States contribution
(a) Contribution authorized
(b) Authorization of appropriations
(Pub. L. 94–302, title II, § 215, as added Pub. L. 100–461, title V, § 555, Oct. 1, 1988, 102 Stat. 2268–36.)
§ 290g–15. Sixth replenishment
(a) Contribution authorized
(b) Limitations on authorization of appropriations
(Pub. L. 94–302, title II, § 216, as added Pub. L. 102–145, § 125(c), as added Pub. L. 102–266, § 102, Apr. 1, 1992, 106 Stat. 98.)
§ 290g–16. Ninth replenishment
(a) Contribution authority
(1) In general
(2) Subject to appropriations
(b) Limitations on authorization of appropriations
(Pub. L. 94–302, title II, § 217, as added Pub. L. 108–199, div. D, title V, § 583, Jan. 23, 2004, 118 Stat. 204.)
§ 290g–17. Tenth replenishment
(a) The United States Governor of the Fund is authorized to contribute on behalf of the United States $407,000,000 to the tenth replenishment of the resources of the Fund, subject to obtaining the necessary appropriations.
(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, $407,000,000 for payment by the Secretary of the Treasury.
(Pub. L. 94–302, title II, § 218, as added Pub. L. 109–102, title V, § 599C(b), Nov. 14, 2005, 119 Stat. 2243.)
§ 290g–18. Eleventh replenishment
(a) The United States Governor of the African Development Fund is authorized to contribute on behalf of the United States $468,165,000 to the eleventh replenishment of the resources of the Fund, subject to obtaining the necessary appropriations.
(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, $468,165,000 for payment by the Secretary of the Treasury.
(Pub. L. 94–302, title II, § 219, as added Pub. L. 111–32, title XI, § 1109(b), June 24, 2009, 123 Stat. 1901.)
§ 290g–19. Multilateral Debt Relief Initiative
(a) The Secretary of the Treasury is authorized to contribute, on behalf of the United States, not more than $26,000,000 to the African Development Fund for the purpose of funding debt relief under the Multilateral Debt Relief Initiative in the period governed by the eleventh replenishment of resources of the African Development Fund, subject to obtaining the necessary appropriations and without prejudice to any funding arrangements in existence on June 24, 2009.
(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 $26,000,000 for payment by the Secretary of the Treasury.
(Pub. L. 94–302, title II, § 220, as added Pub. L. 111–32, title XI, § 1109(b), June 24, 2009, 123 Stat. 1901.)
§ 290g–20. Twelfth replenishment
(a) The United States Governor of the Fund is authorized to contribute on behalf of the United States $585,000,000 to the twelfth replenishment of the resources of the Fund, subject to obtaining the necessary appropriations.
(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, $585,000,000 for payment by the Secretary of the Treasury.
(Pub. L. 94–302, title II, § 221, as added Pub. L. 112–74, div. I, title VII, § 7083(b), Dec. 23, 2011, 125 Stat. 1263.)
§ 290g–21. Multilateral debt relief
(a) Authorization of contribution
(b) Appropriations
(c) Multilateral Debt Relief Initiative
(Pub. L. 94–302, title II, § 222, as added Pub. L. 112–74, div. I, title VII, § 7083(b), Dec. 23, 2011, 125 Stat. 1263.)
§ 290g–22. Thirteenth replenishment
(a) The United States Governor of the Fund is authorized to contribute on behalf of the United States $585,000,000 to the thirteenth replenishment of the resources of the Fund, subject to obtaining the necessary appropriations.
(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, $585,000,000 for payment by the Secretary of the Treasury.
(Pub. L. 94–302, title II, § 223, as added Pub. L. 113–235, div. J, title VII, § 7083(c), Dec. 16, 2014, 128 Stat. 2684.)
§ 290g–23. Multilateral debt relief
(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.
(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.)
§ 290g–24. Fourteenth replenishment
(a) The United States Governor of the Fund is authorized to contribute on behalf of the United States $513,900,000 to the fourteenth replenishment of the resources of the Fund, subject to obtaining the necessary appropriations.
(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, $513,900,000 for payment by the Secretary of the Treasury.
(Pub. L. 94–302, title II, § 225, as added Pub. L. 115–141, div. K, title VII, § 7083(c), Mar. 23, 2018, 132 Stat. 966.)
§ 290g–25. Fifteenth replenishment
(a) In general
(b) Authorization of appropriations
(Pub. L. 94–302, title II, § 226, as added Pub. L. 116–136, div. B, title XI, § 21012(b)(4), Mar. 27, 2020, 134 Stat. 594.)
§ 290g–26. Sixteenth replenishment
(a) In general
(b) Authorization of appropriations
(Pub. L. 94–302, title II, § 227, as added Pub. L. 118–47, div. F, title VII, § 7070, Mar. 23, 2024, 138 Stat. 850.)