§ 286ee. — International cooperation.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286ee]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286ee. International cooperation
The Secretary of the Treasury shall instruct the United States
Executive Director of the Fund to propose that the Fund adopt the
following policies with respect to international lending:
(1) In its consultations with a member government on its
economic policies pursuant to article IV of the Articles of
Agreement of the Fund, the Fund should--
(A) intensify its examination of the trend and volume of
external indebtedness of private and public borrowers in the
member country and comment, as appropriate, in its report to the
Executive Board from the viewpoint of the contribution of such
borrowings to the economic stability of the borrower; and
(B) consider to what extent and in what form these comments
might be made available to the international banking community
and the public.
(2) As part of any Fund-approved stabilization program, the Fund
should give consideration to placing limits on public sector
external short- and long-term borrowing.
(3) As a part of its annual report, and at such times as it may
consider desirable, the Fund should publish its evaluation of the
trend and volume of international lending as it affects the economic
situation of lenders, borrowers, and the smooth functioning of the
international monetary system.
(July 31, 1945, ch. 339, Sec. 47, as added Pub. L. 98-181, title VIII,
Sec. 809, Nov. 30, 1983, 97 Stat. 1274.)
