22 USC § 284y - Multilateral debt relief

---
identifier: "/us/usc/t22/s284y"
source: "usc"
legal_status: "official_prima_facie"
title: "22 USC § 284y - Multilateral debt relief"
title_number: 22
title_name: "FOREIGN RELATIONS AND INTERCOURSE"
section_number: "284y"
section_name: "Multilateral debt relief"
chapter_number: 7
chapter_name: "INTERNATIONAL BUREAUS, CONGRESSES, ETC."
subchapter_number: "XIII"
subchapter_name: "INTERNATIONAL DEVELOPMENT ASSOCIATION"
positive_law: false
currency: "119-84"
last_updated: "2026-03-26"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 86–565, § 27, as added Pub. L. 112–74, div. I, title VII, § 7083(a), Dec. 23, 2011, 125 Stat. 1262.)"
---


# § 284y. Multilateral debt relief

**(a)** **Authorization of contribution** December 23, 2011

The Secretary of the Treasury is authorized to contribute, on behalf of the United States, not more than $474,000,000 to the International Development Association for the purpose of funding debt relief cost under the Multilateral Debt Relief Initiative incurred in the period governed by the sixteenth replenishment of resources of the International Development Association, subject to obtaining the necessary appropriations and without prejudice to any funding arrangements in existence on .

**(b)** **Appropriations** In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, not more than $474,000,000 for payment by the Secretary of the Treasury.

**(c)** **Multilateral Debt Relief Initiative** June 11, 2005July 8, 2005

In this section, the term “Multilateral Debt Relief Initiative” means the proposal set out in the G8 Finance Ministers’ Communiqué entitled “Conclusions on Development”, done at London, , and reaffirmed by G8 Heads of State at the Gleneagles Summit on .

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**Source Credit**: (Pub. L. 86–565, § 27, as added Pub. L. 112–74, div. I, title VII, § 7083(a), Dec. 23, 2011, 125 Stat. 1262.)