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The International Financial Institution Improvements Act of 2024 amends U.S. law governing participation in international financial institutions (World Bank, IMF, regional development banks) to enhance transparency, accountability, and human rights standards. The bill requires the U.S. to advocate for civil society engagement in institution decision-making, debt relief for low-income countries, stronger environmental and labor protections in financed projects, and expanded support for development in specific regions. It also authorizes capital increases for several multilateral development banks and establishes new reporting requirements on accountability and anti-corruption measures.
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