Title 22 — Foreign Relations and IntercourseRelease 119-73
§5324 Statement of policy
Title 22 › Chapter CHAPTER 62— - INTERNATIONAL FINANCIAL POLICY › Subchapter SUBCHAPTER II— - INTERNATIONAL DEBT › Part Part A— - Findings, Purposes, and Statement of Policy › § 5324
Summary
Sets U.S. policy to promote economic growth in developing countries. It lists four goals: make growth a main international aim; create more ways to restructure debt; study a new international agency to manage debt and share adjustment costs; and ask countries with large current‑account surpluses to provide major funding.
Full Legal Text
Title 22, §5324
Foreign Relations and Intercourse — Source: USLM XML via OLRC
It is the policy of the United States that—
(1)increasing growth in the developing world is a major goal of international economic policy;
(2)it is necessary to broaden the range of options in dealing with the debt problem to include improved mechanisms to restructure existing debt;
(3)active consideration of a new multilateral authority to improve the management of the debt problem and to share the burdens of adjustment more equitably must be undertaken; and
(4)countries with strong current account surpluses bear a major responsibility for providing the financial resources needed for growth in the developing world.
Reference
Citations & Metadata
Citation
22 U.S.C. § 5324
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73