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International Financial Institution Improvements Act of 2024
house
senate
president
Introduced on October 25, 2024 by
Maxine Waters
Cosponsors
Legislation Details
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Last updated 12/17/2024
Aims to enhance operations and accountability of international financial institutions.
Seeks to strengthen support for low-income countries.
Promotes human rights and environmental standards in global financial projects.
Mandates improvement of transparency in host nations regarding projects and loans.
Encourages collaboration with civil society organizations in financial institution policies.
Advocates for U.S. leadership in debt forgiveness for developing countries.
Proposes amendments to the Articles of Agreement of the International Bank for Reconstruction and Development.
Aligns regulations for International Development Association securities.
Coordinates U.S. efforts with the International Bank for Reconstruction and Development on human rights issues.
Addresses timeliness in project preparation and execution by international financial institutions.
Establishes protections for human rights, including for LGBTQ+ individuals.
Opposes additional funding for the International Development Association’s Private Sector Window.
Advocates for a long-term economic development strategy for Haiti.
Calls for a feasibility study on a consortium bank in the Caribbean.
Requires quarterly reports on accountability regarding the International Finance Corporation and Bridge Academies.
Promotes risk mitigation plans for shipping and port projects to combat corruption.
Supports efforts to deny safe havens for stolen assets.
Continues the pause on World Bank disbursements to Burma following a military coup.
Establishes digital public infrastructure safeguards for international financial projects.
Enhances independent accountability mechanisms within multilateral development banks.
Improves policies to prevent sexual exploitation and assault in financial projects.
Advocates for the publication of loan agreements and transparency in public-private partnerships.
Encourages the adoption of anti-reprisal standards in financial institution policies.
Reports on human rights abuses in for-profit healthcare investments.
Supports initiatives to combat climate change through financial institution projects.
Advocates for investment in projects that reduce reliance on Russia for agricultural commodities.
Urges the World Bank to eliminate harmful labor indicators from its Business Ready Report.
Promotes debt suspension for low-income countries affected by climate-related disasters.
Encourages the reduction or elimination of loan conditions that negatively impact social needs.
Incorporates anti-corruption measures into lending agreements.
Advocates for the establishment of a Fifth Deputy Managing Director at the International Monetary Fund.
Supports the Resilience and Sustainability Trust financing.
Authorizes increases in U.S. quotas and contributions to various international financial institutions.