Federal · Title 22 — Foreign Relations and Intercourse

22 U.S.C. § 286tt: Restrictions on use of United States funds for foreign governments; protection of American taxpayers

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the amount of the public debt of the country exceeds the gross domestic product of the country as of the most recent year for which such information is available; and the country is not eligible for assistance from the International Development Association. If any such evaluation indicates that the proposed loan is not likely to be repaid in full, the Secretary of the Treasury shall instruct the United States Executive Director at the Fund to use the voice and vote of the United States to oppose the proposal. the borrowing country’s current debt status, including, to the extent possible, its maturity structure, whether it has fixed or floating rates, whether it is indexed, and by whom it is held; the borrowing country’s external and internal vulnerabilities that could potentially affect its ability to repay; and the borrowing country’s debt management strategy.

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