HOPE for Africa Act of 1999

[AI summary unavailable — showing source text] HOPE for Africa Act of 1999 - Declares the sense of Congress that: (1) for the majority of people in sub-Saharan Africa to be able to benefit from new trade, investment, and other economic opportunities provided by this Act, the pre-existing burden of external debt of sub-Saharan African countries must be eliminated; and (2) only significant debt relief will allow operation of local credit markets and eliminate distortions currently hindering development in sub-Saharan Africa. Title I: Cancellation of Debt Owed by Sub-Saharan African Countries - Amends the Foreign Assistance Act of 1961 to direct the President, with specified exceptions, to cancel all concessional and nonconcessional loans made, guarantees issued, or credits extended by the United States to sub-Saharan African countries. Directs the President to report annually to the appropriate congressional committees concerning the cancellation of debt. (Sec. 101) Authorizes appropriations. (Sec. 102) Directs the Secretary of State to notify foreign governments that have outstanding loans, guarantees, or credits to the government of a sub-Saharan African country that it is U.S. policy to forgive all such debts and that such for…