(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: 
‘‘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 
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‘‘(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this section, is repealed effective on the earlier of— 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-
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-
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nalizes countries with higher corporate taxes, from the 
Business Ready Report of the Bank. 
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 
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 
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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 
‘‘(3) increase taxes or reduce subsidies in such 
a way that falls regressively on recipient country 
populations.’’. 
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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. 1508. 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-
tracting, asset declarations for public officials, a 
strong anti-money laundering and combating ter-
rorist financing regime, robust oversight by inde-
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