Title 22, Foreign Relations and IntercourseRelease 119-73not60
§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
Summary
The Secretary of the Treasury may tell the U.S. Executive Director at the Fund to approve pledging up to 3,000,000 ounces of the Fund's gold for sale to restore the Reserve Account and pay lenders who made loans for members in arrears.
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 5, 2026
Release point: 119-73not60