To authorize United States participation in, and appropriations for, the United States contribution to the first replenishment of the resources of the Enterprise for the Americas Multilateral Investment Fund.
Summary
H.R. 4916 authorizes the United States to contribute $150 million to the first replenishment of the Multilateral Investment Fund (MIF), which is administered by the Inter-American Development Bank. This fund is designed to promote economic growth and private sector development in Latin America and the Caribbean by providing grants and investments to support small businesses and micro-enterprises. For citizens, this bill represents a commitment of federal funds toward international development aimed at fostering regional stability and expanding market opportunities for trade within the Western Hemisphere.
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