“A bill to oppose the provision of assistance to the People's Republic of China by the multilateral development banks.”
No CRS summary available for this bill.
This section declares it U.S. policy to oppose additional lending from multilateral development banks (MDBs) to the People's Republic of China (China), which has exceeded MDB graduation discussion income thresholds since 2016 (e.g., gross national income per capita of $13,660 in 2024, exceeding the FY2025 threshold of $7,895), and directs the Secretary of the Treasury to instruct the U.S. executive director at each MDB to (1) oppose any loan or extension of financial or technical assistance to China and (2) end such lending and assistance to countries exceeding the bank's graduation discussion income. Not later than one year after enactment and annually thereafter, the Secretary must submit to the Senate Committee on Foreign Relations and the House Committees on Financial Services and Foreign Affairs a report assessing China's MDB borrowing status, its voting power and representation at each MDB, lists of countries exceeding or graduated from eligibility at each MDB, and U.S. efforts to graduate such countries. (As background, MDBs provide loans and assistance to promote economic development in eligible countries until they achieve sufficient income levels to access private capital markets.)