Title 22 — Foreign Relations and IntercourseRelease 119-73not60
§286jj Partial Guarantees in Connection with Debt Reduction for Borrower Countries
Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XV— INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT › § 286jj
Summary
The Treasury Secretary must tell the U.S. Director at the World Bank to begin talks with other bank directors. They should ask the bank to make rules for offering partial guarantees on borrower countries' payments to private creditors when those guarantees would help secure final financing deals that include significant debt reduction.
Full Legal Text
Title 22, §286jj
Foreign Relations and Intercourse — Source: USLM XML via OLRC
The Secretary of the Treasury shall instruct the United States Executive Director of the International Bank for Reconstruction and Development to initiate discussions with other directors of such bank and to propose that such bank establish criteria under which such bank would provide partial guarantees on debt service payments by borrower countries to private creditors when such guarantees would serve a catalytic role in facilitating final agreement on financing packages which involve significant debt reduction.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section is based on section 5 of H.R. 4645, One Hundredth Congress, as reported Sept. 28, 1988, and enacted into law by Pub. L. 100–461. Section was not enacted as part of act July 31, 1945, ch. 339, 59 Stat. 512, known as the Bretton Woods Agreements Act, which comprises this subchapter.
Reference
Citations & Metadata
Citation
22 U.S.C. § 286jj
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60