United States advocacy of debt suspension by International Monetary Fund for low-income and small countries that experience a climate-related disaster

Title XIII of the International Financial Institutions Act (22 U.S.C. 262m–262m–8) is amended by adding at the end the following: 1309. Advocacy of debt suspension by the International Monetary Fund for low-income and small countries that experience significant climate-related events The Secretary of the Treasury shall instruct the United States Executive Director at the International Monetary Fund to use the voice and vote of the United States to advocate for a program that allows any country that is eligible for assistance from the International Development Association or that the Fund considers a small state, and that experiences a climate-related disaster (as defined by the Fund), to suspend all debt repayments to the Fund and the accrual of any additional interest on debt to the Fund, for 5 years or until the gross domestic product of the country is at least 80 percent of the gross domestic product of the country before the disaster, whichever is later..