Title 22, Foreign Relations and IntercourseRelease 119-102

§286i Stabilization Loans by Bank; Amendment to Articles of Agreement

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

Last updated Aug 21, 2026|Official source

Summary

The U.S. governor and executive director at the Bank must quickly ask the Bank to say whether it has the power to make or guarantee loans for rebuilding economies and monetary systems, including long-term stabilization loans. If the Bank says it does not have that power, the U.S. governor must promptly propose and back an amendment to the Bank’s Articles of Agreement so the Bank, after talking with the Fund, is clearly allowed to make or guarantee those loans. The President must accept that amendment for the United States.

Full Legal Text

Title 22, §286i

Foreign Relations and Intercourse, Source: USLM XML via OLRC

The governor and executive director of the Bank appointed by the United States are directed to obtain promptly an official interpretation by the Bank as to its authority to make or guarantee loans for programs of economic reconstruction and the reconstruction of monetary systems, including long-term stabilization loans. If the Bank does not interpret its powers to include the making or guaranteeing of such loans, the governor of the Bank representing the United States is directed to propose promptly and support an amendment to the Articles of Agreement for the purpose of explicitly authorizing the Bank, after consultation with the Fund, to make or guarantee such loans. The President is authorized and directed to accept an amendment to that effect on behalf of the United States.

Reference

Citations & Metadata

Citation

22 U.S.C. § 286i

Title 22, Foreign Relations and Intercourse

Last Updated

Aug 21, 2026

Release point: 119-102