Title 22, Foreign Relations and IntercourseRelease 119-102

§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 Aug 21, 2026|Official source

Summary

The Treasury Secretary must tell the U.S. Executive Director at the IMF to ask the IMF to adopt three policies on international lending. During Article IV reviews the IMF must check how much and how fast private and government external debt is growing, report whether that borrowing helps or hurts a country’s economic stability, and consider sharing those findings with banks and the public. It should consider limits on government external short- and long-term borrowing in IMF stabilization programs and publish, yearly or when useful, its assessment of lending trends and their effects on lenders, borrowers, and the global 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

Aug 21, 2026

Release point: 119-102