Short title

This Act may be cited as the

World Bank International Development Association Replenishment Act of 2009

Definitions

In this Act: (1)

Greenhouse gas

The term greenhouse gas means carbon dioxide, methane, nitrous oxide, sulfur hexafluoride, a perfluorocarbon, or a hydrofluorocarbon. (2)

Multilateral development bank

The term multilateral development bank has the meaning given that term in section 1307 of the International Financial Institutions Act (22 U.S.C. 262m–7).

Expansion of climate change mitigation activities of, and use of greenhouse gas accounting by, multilateral development banks

Title XIII of the International Financial Institutions Act (22 U.S.C. 262m et seq.) is amended by adding at the end the following:

1308.

Expansion of climate change mitigation activities of, and use of greenhouse gas accounting by, multilateral development banks

(a)

Use of greenhouse gas accounting

The Secretary of the Treasury shall seek to ensure that multilateral development banks (as defined in section 1701(c)(4)) adopt and implement greenhouse gas accounting in analyzing the benefits and costs of individual projects (excluding those with de minimus greenhouse gas emissions) for which funding is sought from the bank. (b)

Sense of Congress

It is the sense of Congress that adopting and implementing greenhouse gas accounting includes— (1)calculating net greenhouse gas flows; (2)establishing uniform calculation techniques, with provision for modification as professional standards evolve; (3)making public the calculation techniques and calculations; (4)measuring greenhouse gas emissions of individual projects; (5)considering global social costs of the emissions when evaluating the economic cost benefit of such projects; and (6)performing greenhouse gas accounting for each such project. (c)

Expansion of climate change mitigation activities

The Secretary of the Treasury shall work to ensure that the multilateral development banks (as defined in section 1701(c)(4)) expand their activities supporting climate change mitigation by— (1)expending support for low-cost, high-gain investments in energy efficiency and renewable energy; (2)reviewing all proposed infrastructure investments to ensure that all opportunities for integrating viable energy efficiency measures have been considered; (3)increasing the dialogue with the governments of developing countries regarding— (A)analysis and policy measures needed for low carbon emission economic development; and (B)reforms needed to promote private sector engagement in low-cost, high-gain renewable and energy efficiency investments; and (4)integrate low carbon emission economic development objectives into multilateral development bank country strategies. (d)

Report to Congress

Not later than 1 year after the date of the enactment of this section, and annually thereafter, the Secretary of the Treasury shall submit a report on the status of efforts to implement this section to the Committee on Foreign Relations of the Senate and the Committee on Financial Services of the House of Representatives.

Anti-corruption capacity building

The Secretary of the Treasury shall instruct the United States Executive Director at the World Bank to— (1)urge the World Bank to help countries build capacity to investigate, adjudicate, and punish corruption and all crimes in a manner consistent with well-established law enforcement and judicial norms; and (2)actively promote efforts to enhance and extend programs that improve recipient countries’ ability to prevent, investigate, and prosecute fraud and corruption, including in projects funded by the World Bank, through initiatives aimed at— (A)building institutional capacity across recipient country government agencies; (B)improving transparency and accountability mechanisms throughout government; (C)promoting public education of the costs of corruption; (D)encouraging recipient countries to adopt enforceable sanctions; (E)supporting the judicial sector in low-income countries to include investigative and prosecutorial functions of the criminal justice system, as permitted by determinations of noninterference in political matters required by the World Bank Articles of Agreement; and (F)developing additional tools for the detection of fraud and corruption in World Bank projects as additional preventative measures and to equip recipient countries with more real-time data to support in-country investigations at earlier stages of the project cycle.

Reports on process to address inspection functions within the multilateral development banks

The Secretary of the Treasury shall instruct the United States Executive Director at each multilateral development bank to use the voice and vote of the United States to— (1)encourage the World Bank Inspection Panel, the Compliance Advisor Ombudsman of the International Finance Corporation and Multilateral Investment Guarantee Agency, the African Development Bank Independent Review Mechanism, the InterAmerican Development Bank Independent Investigation Mechanism, the Asian Development Bank Accountability Mechanism, and the European Bank for Reconstruction and Development Independent Recourse Mechanism to include, if not done already, in their respective publications, an assessment of— (A)the number of cases, key findings, and outcomes of completed inspection processes; (B)the level and extent of participation of requesters and other affected people in the compliance investigation process, including the extent to which their concerns were raised before the Board and senior management of the bank; (C)the level and extent of participation of requesters and other affected people in the problem-solving process, where applicable; and (D)inclusion of stakeholders in the creation of action plans or remedial agreements to— (i)remedy identified violations of the policies and procedures of the bank; and (ii)address outstanding issues identified in a problem-solving process, if applicable; and (2)strengthen the inspection mechanism in such development banks where the Department of the Treasury has identified weaknesses.

Evaluation

(a)

In general

The Secretary of the Treasury shall seek to ensure that multilateral development banks— (1)rigorously evaluate the development impact of selected bank projects, programs, and financing operations; and (2)use random assignment in conducting the evaluations described in paragraph (1), to the extent feasible. (b)

Sense of Congress

It is the sense of Congress that— (1)multilateral development banks should rigorously evaluate the development impact of selected bank projects, programs, and financing operations; (2)the evaluations described in paragraph (1) should— (A)focus strategically on building a body of research-proven approaches that have sizeable, sustained impacts on important development outcomes; and (B)use random assignment to the extent feasible; and (3)multilateral development banks should issue an annual report or similar publication with details about— (A)the questions being addressed; (B)the rationale for selecting the projects, programs, and financing operations that are being evaluated; (C)the methodologies used in the evaluations; and (D)the findings from the completed evaluations.

International Development Association

The International Development Association Act (22 U.S.C. 284 et seq.) is amended by adding at the end the following:

24.

Fifteenth replenishment

(a)The United States Governor of the International Development Association is authorized to contribute, on behalf of the United States, $3,705,000,000 to the fifteenth replenishment of the resources of the Association, subject to obtaining the necessary appropriations. (b)In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated $3,705,000,000 for payment by the Secretary of the Treasury.

25.

Multilateral debt relief

(a)The Secretary of the Treasury is authorized to contribute, on behalf of the United States, not more than $356,000,000 to the International Development Association for the purpose of funding debt relief under the Multilateral Debt Relief Initiative in the period governed by the fifteenth replenishment of resources of the International Development Association, subject to obtaining the necessary appropriations and without prejudice to any funding arrangements in existence on the date of the enactment of this section. (b)In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, not more than $356,000,000 for payment by the Secretary of the Treasury. (c)In this section, the term Multilateral Debt Relief Initiative means the proposal set out in the G8 Finance Ministers’ Communiqué entitled Conclusions on Development, done at London, June 11, 2005, and reaffirmed by G8 Heads of State at the Gleneagles Summit on July 8, 2005.

Coordination of development policy

(a)

Study

The Secretary of the Treasury, in coordination with the Secretary of State, the Administrator of the United States Agency for International Development, and other Federal agencies, as appropriate, shall conduct a study on the respective roles each agency plays in the formulation of United States policy concerning the development policy, programs, and activities of the World Bank Group. (b)

Report

(1)

Submission

Not later than 1 year after the date of the enactment of this Act, the Secretary of the Treasury shall submit a report that includes the results of the study conducted under subsection (a) to— (A)the Committee on Foreign Relations of the Senate; and (B)the Committee on Financial Services of the House of Representatives. (2)

Contents

The report submitted under paragraph (1) shall specifically address and evaluate the degree and extent of interagency coordination in the formulation and implementation of United States policy relating to the development activities of the World Bank Group.