Title 22 — Foreign Relations and IntercourseRelease 119-73

§286ee International cooperation

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XV— - INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286ee

Last updated Apr 6, 2026|Official source

Summary

The Treasury Secretary must tell the U.S. Executive Director at the International Monetary Fund (IMF) to ask the IMF to adopt rules about international lending. The IMF should look more closely at how much and how fast private and government borrowers take on foreign debt and put comments about how that borrowing affects a country’s economic stability into its report to the Executive Board. When it approves stabilization programs, the IMF should consider limits on a government’s short- and long-term borrowing from abroad. The IMF should also put in its annual report, and publish when useful, an evaluation of lending trends and volumes and how they affect lenders, borrowers, and the smooth running of the international monetary system.

Full Legal Text

Title 22, §286ee

Foreign Relations and Intercourse — Source: USLM XML via OLRC

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.

Reference

Citations & Metadata

Citation

22 U.S.C. § 286ee

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73