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concessional loan or portion thereof made before 
January 1, 1995, pursuant to the Foreign Assist-
ance Act of 1961, to the government of any eligible 
country as defined in section 702(6) of that Act or 
on receipt of payment from an eligible purchaser, re-
duce or cancel such loan or portion thereof, only for 
the purpose of facilitating— 
(A) debt-for-equity swaps, debt-for-develop-
ment swaps, or debt-for-nature swaps; or 
(B) a debt buyback by an eligible country 
of its own qualified debt, only if the eligible 
country uses an additional amount of the local 
currency of the eligible country, equal to not 
less than 40 percent of the price paid for such 
debt by such eligible country, or the difference 
between the price paid for such debt and the 
face value of such debt, to support activities 
that link conservation and sustainable use of 
natural resources with local community develop-
ment, and child survival and other child devel-
opment, in a manner consistent with sections 
707 through 710 of the Foreign Assistance Act 
of 1961, if the sale, reduction, or cancellation 
would not contravene any term or condition of 
any prior agreement relating to such loan. 
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(2) TERMS AND CONDITIONS.—Notwithstanding 
any other provision of law, the President shall, in ac-
cordance with this section, establish the terms and 
conditions under which loans may be sold, reduced, 
or canceled pursuant to this section. 
(3) ADMINISTRATION.—The Facility, as defined 
in section 702(8) of the Foreign Assistance Act of 
1961, shall notify the administrator of the agency 
primarily responsible for administering part I of the 
Foreign Assistance Act of 1961 of purchasers that 
the President has determined to be eligible, and 
shall direct such agency to carry out the sale, reduc-
tion, or cancellation of a loan pursuant to this sec-
tion. Such agency shall make adjustment in its ac-
counts to reflect the sale, reduction, or cancellation. 
(4) LIMITATION.—The authorities of this sub-
section shall be available only to the extent that ap-
propriations for the cost of the modification, as de-
fined in section 502 of the Congressional Budget Act 
of 1974, are made in advance. 
(b) DEPOSIT OF PROCEEDS.—The proceeds from the 
sale, reduction, or cancellation of any loan sold, reduced, 
or canceled pursuant to this section shall be deposited in 
the United States Government account or accounts estab-
lished for the repayment of such loan. 
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(c) ELIGIBLE PURCHASERS.—A loan may be sold 
pursuant to subsection (a)(1)(A) only to a purchaser who 
presents plans satisfactory to the President for using the 
loan for the purpose of engaging in debt-for-equity swaps, 
debt-for-development swaps, or debt-for-nature swaps. 
(d) DEBTOR CONSULTATIONS.—Before the sale to 
any eligible purchaser, or any reduction or cancellation 
pursuant to this section, of any loan made to an eligible 
country, the President should consult with the country 
concerning the amount of loans to be sold, reduced, or 
canceled and their uses for debt-for-equity swaps, debt- 
for-development swaps, or debt-for-nature swaps. 
(e) AVAILABILITY OF FUNDS.—The authority pro-
vided by subsection (a) may be used only with regard to 
funds appropriated by this Act under the heading ‘‘DEBT 
RESTRUCTURING’’. 
BASIC EDUCATION 
SEC. 667. Of the funds appropriated by title III of 
this Act, not less than $750,000,000 shall be made avail-
able for assistance for developing countries for basic edu-
cation. Of this amount, not less than $265,000,000 shall 
be provided and implemented in countries that have an 
approved national education plan. 
(a) COORDINATOR.—There shall be established with-
in the Department of State in the immediate office of the 
Secretary of State, a Coordinator of United States Gov-
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ernment activities to provide basic education assistance in 
developing countries (hereinafter in this section referred 
to as the ‘‘Coordinator’’). 
(b) RESPONSIBILITIES.—That this Coordinator shall 
have primary responsibility for the oversight and coordina-
tion of all resources and international activities of the 
United States Government that provide assistance in de-
veloping countries for basic education. The individual serv-
ing as the Coordinator may not hold any other position 
in the Federal Government during the individual’s time 
of service as Coordinator. 
(c) STRATEGY.—The President shall develop a com-
prehensive integrated United States Government strategy 
to provide assistance in developing countries for basic edu-
cation within 90 days of enactment of this Act. 
(d) REPORT TO CONGRESS.—Not later than Sep-
tember 30, 2008, the Secretary of State shall report to 
the Committees on Appropriations on the implementation 
of United States Government assistance programs in de-
veloping countries for basic education. 
(e) Funds appropriated by title II of Public Law 
109–102 and provided to the Comptroller General pursu-
ant to section 567 of that Act shall be available until ex-
pended and are also available to the Comptroller General 
to conduct further evaluations of basic education pro-
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grams in developing countries under the direction of the 
Committees on Appropriations. 
RECONCILIATION PROGRAMS 
SEC. 668. Of the funds appropriated by title III of 
this Act under the heading ‘‘ECONOMIC SUPPORT 
FUND’’, not less than $12,000,000 shall be made avail-
able to support Conflict Resolution and Reconciliation 
Programs and an additional amount of $11,000,000 shall 
be made available to support Middle East People to People 
Coexistence Programs to promote activities which bring 
together individuals of different ethnic, religious, and po-
litical backgrounds from areas of civil conflict and war. 
SUDAN 
SEC. 669. (a) LIMITATION ON ASSISTANCE.—Subject 
to subsection (d): 
(1) Notwithstanding any other provision of law, 
none of the funds appropriated by this Act may be 
made available for assistance for the Government of 
Sudan. 
(2) None of the funds appropriated by this Act 
may be made available for the cost, as defined in 
section 502, of the Congressional Budget Act of 
1974, of modifying loans and loan guarantees held 
by the Government of Sudan, including the cost of 
selling, reducing, or canceling amounts owed to the 
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