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U.S.C.
Notes

§2431a. Definitions — Inbound Citations

22 U.S.C. § 2431a

Cited by 86 provisions in release 119-102.

Citations to §2431a(1)

Citations to §2431a(2)

Citations to §2431a(3)

Citations to §2431a(4)

Citations to §2431a(5)

  • 22 U.S.C. § 2431c(a)
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    (a) To be eligible for benefits from the Facility under this subchapter, a country shall be a developing country with a tropical forest or coral reef—
    (1) whose government is democratically elected;
    (2) whose government has not repeatedly provided support for acts of international terrorism;
    (3) whose government is not failing to cooperate on international narcotics control matters;
    (4) whose government (including its military or other security forces) does not engage in a consistent pattern of gross violations of internationally recognized human rights;
    (5) that has in effect, has received approval for, or is making significant progress toward—
    (A) an International Monetary Fund standby arrangement, extended Fund arrangement, or an arrangement under the structural adjustment facility or enhanced structural adjustment facility, or a Fund monitored program, or is implementing sound macroeconomic policies, unless the President determines that such an arrangement or program could reasonably be expected to have significant adverse social or environmental effect; and
    (B) as appropriate, structural or sectoral adjustment loans from the International Bank for Reconstruction and Development or the International Development Association, unless the President determines that the resulting adjustment requirements could reasonably be expected to have significant adverse social or environmental effects;
    (6) if appropriate, has1 agreed with its commercial bank lenders on a satisfactory financing program, including, as appropriate, debt or debt service reduction; and
    (7) that has put in place investment reforms, as evidenced by the conclusion of a bilateral investment treaty with the United States, implementation of an investment sector loan with the Inter-American Development Bank, World Bank-supported investment reforms, or other measures, as appropriate.

Citations to §2431a(6)

Citations to §2431a(7)

Citations to §2431a(8)

  • 22 U.S.C. § 2431b
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    There is established in the Department of the Treasury an entity to be known as the “Conservation Facility” for the purpose of providing for the administration of debt reduction in accordance with this subchapter.
  • 22 U.S.C. § 2431c(a)
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    (a) To be eligible for benefits from the Facility under this subchapter, a country shall be a developing country with a tropical forest or coral reef—
    (1) whose government is democratically elected;
    (2) whose government has not repeatedly provided support for acts of international terrorism;
    (3) whose government is not failing to cooperate on international narcotics control matters;
    (4) whose government (including its military or other security forces) does not engage in a consistent pattern of gross violations of internationally recognized human rights;
    (5) that has in effect, has received approval for, or is making significant progress toward—
    (A) an International Monetary Fund standby arrangement, extended Fund arrangement, or an arrangement under the structural adjustment facility or enhanced structural adjustment facility, or a Fund monitored program, or is implementing sound macroeconomic policies, unless the President determines that such an arrangement or program could reasonably be expected to have significant adverse social or environmental effect; and
    (B) as appropriate, structural or sectoral adjustment loans from the International Bank for Reconstruction and Development or the International Development Association, unless the President determines that the resulting adjustment requirements could reasonably be expected to have significant adverse social or environmental effects;
    (6) if appropriate, has1 agreed with its commercial bank lenders on a satisfactory financing program, including, as appropriate, debt or debt service reduction; and
    (7) that has put in place investment reforms, as evidenced by the conclusion of a bilateral investment treaty with the United States, implementation of an investment sector loan with the Inter-American Development Bank, World Bank-supported investment reforms, or other measures, as appropriate.
  • 22 U.S.C. § 2431c(a)(5)(A)
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    (A) an International Monetary Fund standby arrangement, extended Fund arrangement, or an arrangement under the structural adjustment facility or enhanced structural adjustment facility, or a Fund monitored program, or is implementing sound macroeconomic policies, unless the President determines that such an arrangement or program could reasonably be expected to have significant adverse social or environmental effect; and
  • 22 U.S.C. § 2431d(b)(1)
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    (1) Any debt reduction pursuant to subsection (a) shall be accomplished at the direction of the Facility by the exchange of a new obligation for obligations of the type referred to in subsection (a) outstanding as of the date specified in subsection (a)(1).
  • 22 U.S.C. § 2431d(b)(2)(A)
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    (A) The Facility shall notify the agency primarily responsible for administering subchapter I of this chapter of an agreement entered into under paragraph (1) with an eligible country to exchange a new obligation for outstanding obligations.
  • 22 U.S.C. § 2431d(b)(2)(B)
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    (B) At the direction of the Facility, the old obligations that are the subject of the agreement shall be canceled and a new debt obligation for the country shall be established relating to the agreement, and the agency primarily responsible for administering subchapter I of this chapter shall make an adjustment in its accounts to reflect the debt reduction.
  • 22 U.S.C. § 2431e(a)(1)
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    (1) Notwithstanding any other provision of law, the President may reduce the amount owed to the United States (or any agency of the United States) that is outstanding as of January 14, 2019, as a result of any credits extended under title I of the Food for Peace Act (7 U.S.C. 1701 et seq.) to a country eligible for benefits from the Facility.
  • 22 U.S.C. § 2431e(b)(1)
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    (1) Any debt reduction pursuant to subsection (a) shall be accomplished at the direction of the Facility by the exchange of a new obligation for obligations of the type referred to in subsection (a) outstanding as of the date specified in subsection (a)(1).
  • 22 U.S.C. § 2431e(b)(2)(A)
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    (A) The Facility shall notify the Commodity Credit Corporation of an agreement entered into under paragraph (1) with an eligible country to exchange a new obligation for outstanding obligations.
  • 22 U.S.C. § 2431e(b)(2)(B)
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    (B) At the direction of the Facility, the old obligations that are the subject of the agreement shall be canceled and a new debt obligation shall be established for the country relating to the agreement, and the Commodity Credit Corporation shall make an adjustment in its accounts to reflect the debt reduction.
  • 22 U.S.C. § 2431f(a)(5)(A)
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    (A) The Facility shall notify the administrator of the agency primarily responsible for administering subchapter I of this chapter or the Commodity Credit Corporation, as the case may be, of eligible purchasers described in paragraph (1)(B) that the President has determined to be eligible under paragraph (1), and shall direct such agency or Corporation, as the case may be, to carry out the sale, reduction, or cancellation of a loan pursuant to such paragraph.
  • 22 U.S.C. § 2431j
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    The President shall consult with the appropriate congressional committees on a periodic basis to review the operation of the Facility under this subchapter and the eligibility of countries for benefits from the Facility under this subchapter.
  • 22 U.S.C. § 2431k
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    Not later than April 15 of each year, the President shall prepare and transmit to the Congress an annual report concerning the operation of the Facility for the prior calendar year. Such report shall include—
  • 22 U.S.C. § 2431k(1)
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    (1) a description of the activities undertaken by the Facility during the previous calendar year;

Citations to §2431a(9)

Citations to §2431a(10)

  • 22 U.S.C. § 2431(b)(2)
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    (2) to facilitate greater protection of tropical forests and coral ecosystems (and to give priority to protecting areas with the highest levels of biodiversity and under the most severe threat) by providing for the alleviation of debt in countries where tropical forests and coral reef ecosystems are located, thus allowing the use of additional resources to protect these critical resources and reduce economic pressures that have led to deforestation;

Citations to §2431a(12)