Pub. L. 114-113, div. K, tit. IX (as amended)

9004.(a)In general.—The United States Executive Director of the International Monetary Fund (the Fund) (or any designee of the Executive Director) may not vote for the approval of an exceptional access loan to be provided by the Fund to a country unless, not later than 7 days before voting to approve that loan (subject to subsection (c)), the Secretary of the Treasury submits to the Committees on Appropriations and Foreign Relations of the Senate and the Committees on Appropriations and Financial Services of the House of Representatives—(1)a report on the exceptional access program under which the loan is to be provided, including a description of the size and tenor of the program; and(2)a debt sustainability analysis and related documentation justifying the need for the loan.(b)Elements.—A debt sustainability analysis under subsection (a)(2) with respect to an exceptional access loan shall include the following:(1)any assumptions for growth of the gross domestic product of the country that may receive the loan;(2)an estimate of whether the public debt of that country is sustainable in the medium term, consistent with the exceptional access lending rules of the Fund;(3)an estimate of the prospects of that country for regaining access to private capital markets; and(4)an evaluation of the probability of the success of providing the exceptional access loan.(c)Extraordinary Circumstances.—The Secretary may submit the report and analysis required by subsection (a) to the Committees on Appropriations and Foreign Relations of the Senate and the Committees on Appropriations and Financial Services of the House of Representatives not later than 2 business days after a decision by the Executive Board of the Fund to approve an exceptional access loan only if the Secretary—(1)determines and certifies that—(A)an emergency exists in the country that applied for the loan and that country requires immediate assistance to avoid disrupting orderly financial markets; or(B)other extraordinary circumstances exist that warrant delaying the submission of the report and analysis; and(2)submits with the report and analysis a detailed explanation of the emergency or extraordinary circumstances and the reasons for the delay.(d)Form of Report and Analysis.—The report and debt sustainability analysis and related documentation required by subsection (a) may be submitted in classified form.