22 U.S.C. § 7681

Report on expansion of debt relief to non-HIPC countries

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(a) In generalNot later than 90 days after May 27, 2003, the Secretary of the Treasury shall submit to Congress a report on—(1) the options and costs associated with the expansion of debt relief provided by the Enhanced HIPC Initiative to include poor countries that were not eligible for inclusion in the Enhanced HIPC Initiative;(2) options for burden-sharing among donor countries and multilateral institutions of costs associated with the expansion of debt relief; and(3) options, in addition to debt relief, to ensure debt sustainability in poor countries, particularly in cases when the poor country has suffered an external economic shock or a natural disaster.(b) Specific options to be considered

Among the options for the expansion of debt relief provided by the Enhanced HIPC Initiative, consideration should be given to making eligible for that relief poor countries for which outstanding public and publicly guaranteed debt requires annual payments in excess of 10 percent or, in the case of a country suffering a public health crisis (as defined in section 262p–8(e) of this title), not more than 5 percent, of the amount of the annual current revenues received by the country from internal resources.

In this section, the term “Enhanced HIPC Initiative” means the multilateral debt initiative for heavily indebted poor countries presented in the Report of G–7 Finance Ministers on the Cologne Debt Initiative to the Cologne Economic Summit, Cologne, June 18–20, 1999.

(Pub. L. 108–25, title V, § 502, May 27, 2003, 117 Stat. 749.)

Notes of Decisions

Cited in 1 case, 2006–2006 · leading case: DKT Int'l Inc. v. United States Agency for Int'l Dev., 435 F. Supp. 2d 5 (D.D.C. 2006).

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DKT Int'l Inc. v. United States Agency for Int'l Dev., 435 F. Supp. 2d 5 (D.D.C. 2006). “DKT challenges the constitutionality of the USAID’s enforcement of the organizational eligibility restriction, see 22 U.S.C. § 7681 (f), under the United States Leadership Against HIV/AIDS, Tuberculosis, and Malaria Act of 2003 (“Leadership Act”), see Pub.”

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