Title 22, Foreign Relations and IntercourseRelease 119-102

§286e–13 Approval of Fund Pledge to Sell Gold to Provide Resources for Reserve Account of Enhanced Structural Adjustment Facility Trust

Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XV — INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286e–13

Last updated Aug 21, 2026|Official source

Summary

The Secretary of the Treasury can tell the U.S. Executive Director at the Fund to vote yes to let the Fund pledge to sell, if needed, up to 3,000,000 ounces of its gold. The proceeds would restore the Reserve Account of the Enhanced Structural Adjustment Facility Trust so it can pay lenders who made loans to the Trust’s Loan Account for programs that helped members who were behind on payments.

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

Aug 21, 2026

Release point: 119-102