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S.3168 - International Development Association Replenishment Act of 2008

A bill to authorize United States participation in the replenishment of resources of the International Development Association, and for other purposes. view all titles (3)

All Bill Titles

  • Official: A bill to authorize United States participation in the replenishment of resources of the International Development Association, and for other purposes. as introduced.
  • Short: International Development Association Replenishment Act of 2008 as introduced.
  • Short: International Development Association Replenishment Act of 2008 as reported to senate.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
06/19/08
 
 
 
 
 
 
 

Official Summary

International Development Association Replenishment Act of 2008 - (Sec. 3) Amends the International Development Association Act to authorize U.S. participation in, and authorize appropriations for, contributions to the 15th replenishment of the resources of the International Development Ass

Official Summary

International Development Association Replenishment Act of 2008 -

(Sec. 3)

Amends the International Development Association Act to authorize U.S. participation in, and authorize appropriations for, contributions to the 15th replenishment of the resources of the International Development Association (IDA).

(Sec. 4)

Authorizes the Secretary of the Treasury to negotiate the creation of the Anticorruption Trust Pilot Program (the Trust) at the International Bank for Reconstruction and Development (World Bank) whose purposes shall include:
(1) assisting poor countries in fraud and corruption investigations and prosecutions related to World Bank loans, grants, or credit; and
(2) determining whether such a program should be carried out at other multilateral development banks. Directs the Secretary to provide for a system to:
(1) monitor Trust fund disbursement and use; and
(2) promote access to funds by poor countries in order to investigate and prosecute corruption and fraud linked to World Bank loans or projects. Sets forth reporting requirements. Authorizes appropriations.

(Sec. 5)

Amends the International Financial Institutions Act to require greenhouse gas emissions impact assessments of a multilateral development bank borrower's proposal before the U.S. Executive Director of the bank may vote in favor of the proposal.

(Sec. 6)

Requires the Secretary to report annually to specified congressional committees on greenhouse gas emissions associated with multilateral development bank actions.

(Sec. 7)

Requires a report evaluating grievance mechanisms of such banks.

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