Title 22 — Foreign Relations and IntercourseRelease 119-73
§286e–13 Approval of fund pledge to sell gold to provide resources for Reserve Account of Enhanced Structural Adjustment Facility Trust
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XV— - INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286e–13
Summary
The Secretary of the Treasury can tell the U.S. Executive Director to vote to let the Fund pledge selling up to 3,000,000 ounces of gold to refill the Enhanced Structural Adjustment Facility Trust’s Reserve Account to repay lenders.
Full Legal Text
Title 22, §286e–13
Foreign Relations and Intercourse — Source: USLM XML via OLRC
The Secretary of the Treasury is authorized to instruct the United States Executive Director of the Fund to vote to approve the Fund’s pledge to sell, if needed, up to 3,000,000 ounces of the Fund’s gold, to restore the resources of the Reserve Account of the Enhanced Structural Adjustment Facility Trust to a level that would be sufficient to meet obligations of the Trust payable to lenders which have made loans to the Loan Account of the Trust that have been used for the purpose of financing programs to Fund members previously in arrears to the Fund.
Reference
Citations & Metadata
Citation
22 U.S.C. § 286e–13
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73