terms, pricing, and financial obligations of the State in-
volved, including through State-owned enterprises. 
(b) OPPOSITION TO SUBSIDIES FOR CERTAIN PRI-
VATE SECTOR INVESTMENTS.—The Secretary of the 
Treasury shall instruct the United States Executive Direc-
tor at each multilateral development bank (as so defined) 
to use the voice, vote, and influence of the United States 
to oppose subsidization of private sector investments that 
are not offered on competitive or open-offer terms. 
(c) PUBLICATION OF DATA ON INVESTMENTS.—The 
Secretary of the Treasury shall instruct the United States 
Executive Director at each multilateral development bank 
(as so defined) to use the voice, vote, and influence of the 
United States to require that, with respect to private sec-
tor investments, the respective bank consistently publish 
investment data including sub-national location, domicile 
of investee, total investment cost, funding source, currency 
of investment, co-financing, mobilization, updated dis-
bursement and instrument-specific disclosure (share of eq-
uity, interest rate, and loan tenor) indicators, and project 
level rate of return on investment at exit. 
SEC. 218. ADOPTION OF ANTI-REPRISAL STANDARDS. 
The Secretary of the Treasury shall instruct the 
United States Executive Director at each multilateral de-
velopment bank (as defined in section 1701(c)(4) of the 
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International Financial Institutions Act) to use the voice, 
vote, and influence of the United States to encourage the 
respective bank to adopt anti-reprisal and retaliation 
standards in the safeguards policies and loan agreements 
of the bank to enhance accountability when reprisals 
occur. 
SEC. 219. REPORTING ON HUMAN RIGHTS ABUSES IN FOR- 
PROFIT HEALTHCARE INVESTMENTS. 
(a) REPORT TO CONGRESS.—The Secretary of the 
Treasury shall biennially submit to the Congress written 
reports on any known accusations, made by community 
groups, civil society organizations, media, or other credible 
actors, of human rights abuses at hospitals funded by the 
private sector arm of the respective bank or the Inter-
national Finance Corporation, and on actions completed 
by the private sector arm of any multilateral development 
bank (as defined in section 1701(c)(4) of the International 
Financial Institutions Act) to investigate and adequately 
address or remedy the human rights abuses, and the de-
tails of any reforms adopted by the International Finance 
Corporation to prevent human rights abuses at such a hos-
pital. 
(b) ADVOCACY FOR INDEPENDENT EVALUATIONS.— 
The Secretary of the Treasury shall instruct the United 
States Executive Director at each multilateral develop-
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ment bank (as so defined) to use the voice, vote, and influ-
ence of the United States to advocate for the independent 
evaluation groups of the respective bank to undertake 
independent evaluation of the active and historic invest-
ments of the bank in healthcare to determine contribution 
to universal health coverage, national health system 
strengthening, and reducing health inequities. 
SEC. 220. COMBATTING CLIMATE CHANGE. 
The Secretary of the Treasury shall instruct the 
United States Executive Director at each multilateral de-
velopment bank (as defined in section 1701(c)(4) of the 
International Financial Institutions Act) to use the voice, 
vote, and influence of the United States to support the 
public disclosure by the respective bank of— 
(1) the internal methodologies of the bank for 
calculating the extent to which projects financed by 
the bank affect climate change; and 
(2) an explanation of the processes and prac-
tices of the bank for making these calculations. 
SEC. 221. UNITED STATES ADVOCACY FOR INVESTMENT IN 
PROJECTS THAT DECREASE RELIANCE ON 
RUSSIA FOR AGRICULTURAL COMMODITIES. 
(a) IN GENERAL.—Title XIV of the International Fi-
nancial Institutions Act (22 U.S.C. 262n–262n–3) is 
amended by adding at the end the following: 
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‘‘SEC. 1405. ADVOCACY FOR INVESTMENT IN PROJECTS 
THAT DECREASE RELIANCE ON RUSSIA FOR 
AGRICULTURAL COMMODITIES. 
‘‘(a) IN GENERAL.—The Secretary of the Treasury 
shall instruct the United States Executive Director at each 
international financial institution (as defined in section 
1701(c)(2)) to use the voice, vote, and influence of the 
United States, to the maximum extent practicable, to en-
courage the respective institution to— 
‘‘(1) support projects that decrease the reliance 
of countries on Russia for agricultural commodities, 
particularly fertilizer and grain; 
‘‘(2) ensure the resilience of global grain sup-
plies; and 
‘‘(3) stimulate private investment in the 
projects. 
‘‘(b) WAIVER AUTHORITY.—The Secretary of the 
Treasury may waive subsection (a) in the national interest 
of the United States.’’. 
(b) REPEAL.—Section 1405 of such Act, as added by 
this section, is repealed effective on the earlier of— 
(1) the date that is 5 years after the date of the 
enactment of this Act; or 
(2) the date that is 30 days after the date the 
President reports to the Congress that the termi-
nation of such section 1405 is important to the na-
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tional interest of the United States, with an expla-
nation of the reasons therefor. 
SEC. 222. URGING THE WORLD BANK TO ELIMINATE HARM-
FUL LABOR INDICATORS FROM ITS BUSINESS 
READY REPORT. 
The Secretary of the Treasury shall direct the United 
States Executive Director at the International Bank for 
Reconstruction and Development to use the voice, vote, 
and influence of the United States to strongly urge the 
Bank to eliminate the indicators with respect to the Min-
imum Wage Rate, which is a labor indicator that penalizes 
countries for having high minimum wages, and the Finan-
cial Burden on Firms, which is a labor indicator that pe-
nalizes countries with higher corporate taxes, from the 
Business Ready Report of the Bank. 
SEC. 223. DATABASE OF DIRECT ASSISTANCE TO COUN-
TRIES. 
The Secretary of the Treasury shall direct the United 
States Executive Director at the International Bank for 
Reconstruction and Development to use the voice and vote 
of the United States to urge the Bank to develop a com-
prehensive database that lists all assistance being pro-
vided, on a bilateral or multilateral basis, to countries eli-
gible for assistance from the Bank, categorized by whether 
the assistance is technical assistance, project development 
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assistance, or another type of assistance, and that, with 
respect to each entry, shows the purpose for which the 
assistance is being provided and the provider and recipient 
of the assistance. The Secretary of the Treasury shall urge 
the Bank to annually publish this information publicly, to 
increase transparency and maximize collaboration across 
bilateral and multilateral funding streams. 
TITLE III—INTERNATIONAL 
MONETARY FUND 
SEC. 301. UNITED STATES ADVOCACY OF DEBT SUSPEN-
SION BY INTERNATIONAL MONETARY FUND 
FOR LOW-INCOME AND SMALL COUNTRIES 
THAT EXPERIENCE A CLIMATE-RELATED DIS-
ASTER. 
Title XIII of the International Financial Institutions 
Act (22 U.S.C. 262m–262m–8) is amended by adding at 
the end the following: 
‘‘SEC. 1309. ADVOCACY OF DEBT SUSPENSION BY THE 
INTERNATIONAL MONETARY FUND FOR LOW- 
INCOME AND SMALL COUNTRIES THAT EXPE-
RIENCE 
SIGNIFICANT 
CLIMATE-RELATED 
EVENTS. 
‘‘The Secretary of the Treasury shall instruct the 
United States Executive Director at the International 
Monetary Fund to use the voice and vote of the United 
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States to advocate for a program that allows any country 
that is eligible for assistance from the International Devel-
opment Association or that the Fund considers a small 
state, and that experiences a climate-related disaster (as 
defined by the Fund), to suspend all debt repayments to 
the Fund and the accrual of any additional interest on 
debt to the Fund, for 5 years or until the gross domestic 
product of the country is at least 80 percent of the gross 
domestic product of the country before the disaster, which-
ever is later.’’. 
SEC. 302. LOAN CONDITIONALITY. 
Title XVI of the International Financial Institutions 
Act (22 U.S.C. 262p–262p–18) is amended by adding at 
the end the following: 
‘‘SEC. 1634. LOAN CONDITIONALITY. 
‘‘The Secretary of the Treasury shall instruct the 
United States Executive Director at the International 
Monetary Fund to use the voice and vote of the United 
States to encourage the Fund to reduce or eliminate condi-
tions on loans made by the Fund that— 
‘‘(1) limit spending on key social needs such as 
health, education, or climate action; 
‘‘(2) weaken environmental, labor, public health 
regulations; or 
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‘‘(3) increase taxes or reduce subsidies in such 
a way that falls regressively on recipient country 
populations.’’. 
SEC. 
303. 
ANTI-CORRUPTION 
MEASURES 
IN 
LENDING 
AGREEMENTS. 
Title XV of the International Financial Institutions 
Act (22 U.S.C. 262o–262o–4) is further amended by add-
ing at the end the following: 
‘‘SEC. 1509. ANTI-CORRUPTION MEASURES IN LENDING 
AGREEMENTS. 
‘‘The Secretary of the Treasury shall instruct the 
United States Executive Director at the International 
Monetary Fund to use the voice and vote of the United 
States to encourage— 
‘‘(1) the incorporation into Fund lending agree-
ments of anti-corruption measures, including by en-
suring that governments receiving loans make spe-
cific, measurable, and time-bound commitments as 
part of the loan agreements with consequences for 
noncompliance, which commitments should be tai-
lored to the needs of each country, made in consulta-
tion with local civil society organizations, and made 
in consideration with baselines for proper governance 
worldwide, such as through beneficial ownership reg-
istries, transparent and competitive public con-
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tracting, asset declarations for public officials, a 
strong anti-money laundering and combating ter-
rorist financing regime, robust oversight by inde-
pendent government entities and civil society organi-
zations, and independent judiciaries; 
‘‘(2) the production and publication of more 
governance diagnostics as part of loan programs, the 
urging of governments to agree to the exercise and 
to make the reports public on completion, incor-
porating recommendations of the diagnostics as com-
mitments, and the continuation of leveraging Article 
IV consultations and Financial Sector Assessment 
Programs to elevate anticorruption and financial in-
tegrity issues among their broader economic and pol-
icy analysis; 
‘‘(3) the engagement of in-country civil society 
organizations (CSOs) and local experts throughout 
loan programs, including by— 
‘‘(A) consulting CSOs at the outset of ne-
gotiations to help inform Fund staff assess-
ments of loan program priorities; 
‘‘(B) providing updates to and request 
input from CSOs during the program develop-
ment process, and 
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‘‘(C) ensuring sufficient access to informa-
tion and resources for CSO monitoring of com-
mitment implementation, without threats or 
other retaliation by governments if there are 
honest critiques raised by a CSO; 
‘‘(4) the improvement of transparency by in-
cluding on the Funds country pages, on the website 
of the Fund, a list of the ‘prior actions’ and ‘struc-
tural benchmarks’ included in loan programs, and 
pursuing a consistent cross-country approach to as-
sessing government implementation and linking find-
ings to surveillance and lending transparency; 
‘‘(5) the holding of governments accountable to 
their commitments, by— 
‘‘(A) ensuring that governments credibly 
carry out commitments; 
‘‘(B) refraining from issuing waivers of 
non-observance for benchmarks related to gov-
ernance and financial integrity due to lack of 
political will; and 
‘‘(C) promptly publishing audits; and 
‘‘(6) the public reporting of the progress of im-
plementing the governance commitments that gov-
ernments make as part of the loan agreements.’’. 
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SEC. 304. FIFTH DEPUTY MANAGING DIRECTOR. 
The Bretton Woods Agreements Act (22 U.S.C. 286– 
286aaa) is further amended— 
(1) by redesignating section 73 (as added by 
section 1901 of division P of Public Law 116–94) 
and section 74 as sections 74 and 75, respectively; 
and 
(2) by adding at the end the following: 
‘‘SEC. 77. FIFTH DEPUTY MANAGING DIRECTOR OF THE 
IMF. 
‘‘The Secretary of the Treasury shall instruct the 
United States Executive Director at the Fund to advocate 
that the Fund have a Fifth Deputy Managing Director 
who is a national of a low- or middle-income country and 
who represents all low- or middle-income countries other 
than the People’s Republic of China.’’. 
SEC. 305. RESILIENCE AND SUSTAINABILITY TRUST FI-
NANCING. 
(a) IN GENERAL.—Title XVI of the International Fi-
nancial Institutions Act (22 U.S.C. 262p–262p–18) is fur-
ther amended by adding at the end the following: 
‘‘SEC. 1635. RESILIENCE AND SUSTAINABILITY TRUST FI-
NANCING. 
‘‘The Secretary of the Treasury shall instruct the 
United States Executive Director at the International 
Monetary Fund to use the voice and vote of the United 
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States to advocate for the Fund to support the Resilience 
and Sustainability Trust and the Poverty Reduction and 
Growth Trust with Fund resources.’’. 
(b) AVAILABILITY OF FUNDS.—Section 7071(c) of 
the Department of State, Foreign Operations, and Related 
Programs Appropriations Act, 2024 (division F of Public 
Law 118–47) is amended— 
(1) by striking all that precedes ‘‘of the Treas-
ury’’ and inserting the following: 
‘‘(c) ENERGY
SECURITY
AND
IMF ACCOUNT-
ABILITY.—The Secretary’’; 
(2) by striking ‘‘(in this subsection referred to 
as the ‘PRGT’) of the International Monetary Fund 
(in this subsection referred to as the ‘IMF’)’’ and in-
serting ‘‘or the Resilience and Sustainability Trust 
of the International Monetary Fund’’; 
(3) by striking ‘‘to the PRGT, subject to para-
graph (2)’’; and 
(4) by striking paragraph (2). 
SEC. 306. QUOTA INCREASE. 
The Bretton Woods Agreements Act (22 U.S.C. 286– 
286aaa) is further amended by adding at the end the fol-
lowing: 
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‘‘SEC. 78. QUOTA INCREASE. 
‘‘(a) IN GENERAL.—The United States Governor of 
the Fund may consent to an increase in the United States 
quota in the Fund equivalent to 41,497,100,000 Special 
Drawing Rights. 
‘‘(b) SUBJECT TO APPROPRIATIONS.—The authority 
provided by subsection (a) shall be effective only to such 
extent and in such amounts as are provided in advance 
in appropriations Acts.’’. 
SEC. 307. NEW ARRANGEMENTS TO BORROW. 
Section 17(a)(3) of the Bretton Woods Agreements 
Act (22 U.S.C. 286e–2(a)(3)) is amended by inserting ‘‘, 
and, of the amounts authorized under this paragraph, the 
authorization for the dollar equivalent of 9,186,740,000 
Special Drawing Rights shall expire as of the date when 
the rollback of the United States credit arrangement in 
the New Arrangements to Borrow of the International 
Monetary Fund is effective, but no earlier than when the 
increase of the United States quota authorized in section 
77 of the Bretton Woods Agreements Act becomes effec-
tive’’ before the period. 
SEC. 308. ANNUAL REPORT ON SURCHARGES. 
(a) IN GENERAL.—The Secretary of the Treasury 
shall submit to the Committee on Financial Services of 
the House of Representatives and the Committee on For-
eign Relations of the Senate an annual report on— 
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(1) the surcharges imposed by the International 
Monetary Fund on member countries of the Fund; 
and 
(2) whether the surcharges harm the ability of 
the member countries to pay loans provided by the 
Fund. 
(b) SUNSET.—Subsection (a) shall have no force or 
effect 1 year after the date that the Secretary determines 
that the International Monetary Fund has eliminated the 
imposition of surcharges with respect to loans provided by 
the Fund. 
TITLE 
IV—MULTILATERAL 
DE-
VELOPMENT BANK CAPITAL 
INCREASES 
SEC. 401. AFRICAN DEVELOPMENT FUND REPLENISHMENT. 
The African Development Fund Act (22 U.S.C. 
290g–290g–26) is amended by adding at the end the fol-
lowing: 
‘‘SEC. 228. SIXTEENTH REPLENISHMENT. 
‘‘(a) IN GENERAL.—The United States Governor of 
the Fund is authorized to contribute on behalf of the 
United States $591,000,000 to the sixteenth replenish-
ment of the resources of the Fund, subject to obtaining 
the necessary appropriations. 
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‘‘(b) AUTHORIZATION
OF
APPROPRIATIONS.—In 
order to pay for the United States contribution provided 
for in subsection (a), there are authorized to be appro-
priated, without fiscal year limitation, $591,000,000 for 
payment by the Secretary of the Treasury.’’. 
SEC. 402. AFRICAN DEVELOPMENT BANK GENERAL CALL-
ABLE CAPITAL INCREASE. 
The African Development Bank Act (22 U.S.C. 290i– 
290i–12) is amended by inserting at the end the following: 
‘‘SEC. 1346. GENERAL CALLABLE CAPITAL INCREASE. 
‘‘(a) SUBSCRIPTION AUTHORIZED.— 
‘‘(1) IN
GENERAL.—The United States Gov-
ernor of the Bank may subscribe on behalf of the 
United States to 800,000 additional shares of the 
capital stock of the Bank. 
‘‘(2) LIMITATION.—Any subscription by the 
United States to the capital stock of the Bank shall 
be effective only to such extent and in such amounts 
as are provided in advance in appropriations Acts. 
‘‘(b) AUTHORIZATION OF APPROPRIATIONS.—For the 
increase in the United States subscription to the Bank 
under subsection (a), there is authorized to be appro-
priated, without fiscal year limitation, $7,800,000,000, for 
payment by the Secretary of the Treasury for callable 
shares of the Bank.’’. 
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SEC. 403. EUROPEAN BANK FOR RECONSTRUCTION AND 
DEVELOPMENT 
GENERAL 
CAPITAL 
IN-
CREASE. 
The European Bank for Reconstruction and Develop-
ment Act (22 U.S.C. 290l–290l–9) is amended by adding 
at the end the following: 
‘‘(13) CAPITAL INCREASE.— 
‘‘(A) SUBSCRIPTION AUTHORIZED.— 
‘‘(i) The United States Governor of 
the Bank is authorized to subscribe on be-
half of the United States to 40,000 addi-
tional shares of the paid-in capital stock of 
the Bank. 
‘‘(ii) Any subscription by the United 
States to additional paid-in capital stock of 
the Bank shall be effective only to such ex-
tent and in such amounts as are provided 
in advance in appropriations Acts. 
‘‘(B) 
AUTHORIZATION
OF
APPROPRIA-
TIONS.—In order to pay for the increase in the 
United States subscription to the Bank under 
subparagraph (A), there are authorized to be 
appropriated, without fiscal year limitation, 
$439,100,000, for payment by the Secretary of 
the Treasury.’’. 
Æ 
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