Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§286ee International Cooperation

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

Last updated Apr 5, 2026|Official source

Summary

The Secretary of the Treasury must tell the U.S. Executive Director at the Fund to ask the Fund to adopt policies on international lending. The Fund should look more closely during its Article IV reviews at how much and how fast private and public borrowers are taking on foreign debt and say in its report how that borrowing affects the country’s economic stability. It should consider sharing those comments with banks and the public. When it approves stabilization programs, it should consider limits on public-sector external short- and long-term borrowing. It must publish, in its annual report and when it thinks useful, its evaluation of international lending trends and volumes and how they affect lenders, borrowers, and 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 5, 2026

Release point: 119-73not60