22 USC 7681 - Report on expansion of debt relief to non-HIPC countries

U.S Code last checked for updates: Nov 22, 2024

§ 7681.

Report on expansion of debt relief to non-HIPC countries

(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

(c)

Enhanced HIPC Initiative defined

(Pub. L. 108–25, title V, § 502, May 27, 2003, 117 Stat. 749.)

cite as: 22 USC 7681