§ 286j. — Use of Fund resources.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286j]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286j. Use of Fund resources
(a) Official interpretation of authority of Fund
The governor and executive director of the Fund appointed by the
United States are directed to obtain promptly an official interpretation
by the Fund as to whether its authority to use its resources extends
beyond current monetary stabilization operations to afford temporary
assistance to members in connection with seasonal, cyclical, and
emergency fluctuations in the balance of payment of any member for
current transactions, and whether it has authority to use its resources
to provide facilities for relief, reconstruction, or armaments, or to
meet a large or sustained outflow of capital on the part of any member.
(b) Proposal of amendment
If the interpretation by the Fund answers in the affirmative any of
the questions stated in subsection (a) of this section, the governor of
the Fund representing the United States is directed to propose promptly
and support an amendment to the Articles of Agreement for the purpose of
expressly negativing such interpretation. The President is authorized
and directed to accept an amendment to that effect on behalf of the
United States.
(July 31, 1945, ch. 339, Sec. 13, 59 Stat. 517.)
