Multilateral development banks and debt-for-nature exchanges

The Secretary of the Treasury shall direct the United States Executive Directors of the multilateral development banks to— negotiate for the creation in each respective multilateral development bank, except where the Secretary of the Treasury determines that the provisions of this subsection have previously been met, of a department that will— seek to ensure that each bank adopts policy guidelines which to the maximum extent possible provide for— the provision of debtor countries’ policy changes or significant increases in financial resources for use in at least 1 of the following— The United States Executive Directors of the multilateral development banks shall seek to negotiate with the other executive directors to provide guidelines for restoration, protection, or sustainable use policies. Pending the outcome of such negotiations, the United States Executive Directors shall consider restoration, protection, or sustainable use policies to be those which— The United States Executive Directors shall endeavor to include the provisions of paragraphs (1) through (5) of subsection (b) in the guidelines developed through the negotiations specified in this section.