Debt Relief and IMF Reform Act of 1999

[AI summary unavailable — showing source text] Debt Relief and IMF Reform Act of 1999 - Amends the Bretton Woods Agreements Act to prohibit the U.S. director to the International Monetary Fund (IMF) from voting for any proposal to sell gold, unless: (1) Congress has enacted a joint resolution authorizing its sale; (2) the IMF has canceled all debts owed to it by countries eligible for debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative and Haiti; (3) the Secretary of the Treasury demonstrates to Congress that there is no other feasible way to finance the cancellation of such debts; (4) the most recent operational IMF budget has been published, with any information that could disrupt financial markets or affect adversely the national security of any country redacted, and other specified requirements met; (5) Congress has enacted a joint resolution certifying that the IMF is in full compliance with specified conditions imposed by title VI of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1999; (6) the proposal to sell meets certain conditions; (7) the interest accruing to the IMF on any investment of the residual sale proceeds will be used for the provision of debt relief fo…