Title 22 — Foreign Relations and IntercourseRelease 119-73
§286i Stabilization loans by Bank; amendment to Articles of Agreement
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XV— - INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286i
Summary
U.S. governor and executive director must promptly ask the Bank whether it can make or guarantee loans for rebuilding economies and monetary systems, including long-term stabilization. If not, the U.S. governor must seek an amendment to the Articles of Agreement after consulting the Fund, and the President must accept it.
Full Legal Text
Title 22, §286i
Foreign Relations and Intercourse — Source: USLM XML via OLRC
The governor and executive director of the Bank appointed by the United States are directed to obtain promptly an official interpretation by the Bank as to its authority to make or guarantee loans for programs of economic reconstruction and the reconstruction of monetary systems, including long-term stabilization loans. If the Bank does not interpret its powers to include the making or guaranteeing of such loans, the governor of the Bank representing the United States is directed to propose promptly and support an amendment to the Articles of Agreement for the purpose of explicitly authorizing the Bank, after consultation with the Fund, to make or guarantee such loans. The President is authorized and directed to accept an amendment to that effect on behalf of the United States.
Reference
Citations & Metadata
Citation
22 U.S.C. § 286i
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73