§ 286t. — Omitted.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286t]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286t. Omitted
Codification
Section, act July 31, 1945, ch. 339, Sec. 34, as added Oct. 7, 1980,
Pub. L. 96-389, Sec. 4(b), 94 Stat. 1553, directed the Secretary of the
Treasury, in cooperation with the United States Director of the Fund, to
study and report to Congress prior to May 15, 1981, with respect to
adequacy of Fund resources and method of increasing Fund liquidity,
promotion of more direct recycling of oil surpluses, and methods of
providing adequate resources for balance-of-payments financing.
Recycling Balance-of-Payments Surpluses by Oil Exporting Countries
Section 4(a) of Pub. L. 96-389 provided that: ``It is the sense of
the Congress that (1) the interests of the United States and those of
other member countries require an effective International Monetary Fund
equipped with resources adequate to facilitate orderly balance-of-
payments adjustments; (2) persistent balance-of-payments surpluses in
oil exporting countries have placed, and will continue to place, severe
strains on the resources of oil importing countries and on the liquidity
of the Fund; (3) these strains can only be relieved if the oil exporting
countries assume a greater burden for financing balance-of-payments
deficits through direct methods of recycling their surpluses and through
proportionally greater contributions to the Fund and to the
international lending institutions; and (4) the Fund must explore
innovative proposals to encourage more direct recycling of oil surpluses
and to increase its own liquidity.''
