International Financial Institution Improvements Act of 2025

This bill pushes the World Bank, the IMF, and similar global lenders to be more open, protect people, and support fair, sustainable development. U.S. officials at these banks would push for plain-language project information, public loan contracts, and stronger safeguards for communities, including anti‑reprisal rules and independent ways to report harm. It ties support to respect for human rights, including protections for LGBTQ+ people.

It also aims to ease debt burdens and fight corruption. The U.S. would push the IMF to let low‑income and small countries hit by climate disasters pause debt payments and interest, reduce loan rules that cut health, education, or climate spending, and add strong anti‑corruption steps with public reporting. The bill boosts transparency on climate impacts and on who is funding what, adds anti‑corruption plans for port and shipping projects, continues the pause on World Bank funding to Burma, and asks the World Bank to drop report measures that penalize higher minimum wages or corporate taxes. It also authorizes U.S. contributions to major development banks if Congress later provides the money, and requires Congress to approve any U.S. attempt to leave these banks or withhold required payments.

• Who is affected:
  • Communities and workers where World Bank/IMF projects take place; low‑income and small countries struck by climate disasters; civil society groups and whistleblowers; people in Haiti and the Caribbean; users of ports and shipping tied to bank projects; patients in private hospitals backed by these banks; and countries that depend on Russian grain or fertilizer.
• What changes:
  • More openness: public project info, public loan agreements, and a database that shows all aid by purpose and recipient; clearer climate‑impact methods.
  • Stronger protections: anti‑reprisal standards; prevention of sexual exploitation and assault; independent accountability mechanisms; and fairer, more transparent public‑private partnerships.
  • Human rights: oppose projects in countries that abuse rights (including LGBTQ+ rights) unless inclusion is proven; continue the World Bank pause on Burma; report on abuses linked to IFC‑backed projects.
  • Debt and corruption: climate‑disaster debt pauses; fewer harmful loan conditions; anti‑corruption rules and public reporting at the IMF; and yearly reporting on IMF surcharges.
  • Other steps: anti‑corruption plans for shipping/ports; deny safe havens for stolen assets; drop World Bank report measures that punish higher minimum wages or corporate taxes; encourage projects that reduce reliance on Russian grain and fertilizer.
• When:
  • Reports due in 180 days on speeding up World Bank/IDA projects and on a long‑term plan for Haiti; within 1 year on digital safeguards and on preventing sexual exploitation; annual reports on IMF surcharges; biennial reports on human rights in for‑profit hospitals; Bridge Academies reporting ends after 3 years; the Russia‑agriculture push ends after 5 years or sooner if ended by the President; and the IDA securities change takes effect 30 days after enactment.