Title 22 — Foreign Relations and IntercourseRelease 119-73not60
§5324 Statement of Policy
Title 22 › Chapter 62— INTERNATIONAL FINANCIAL POLICY › Subchapter II— INTERNATIONAL DEBT › Part A— Findings, Purposes, and Statement of Policy › § 5324
Summary
The United States supports stronger growth in developing countries. It wants more ways to restructure debt, a new international body to manage debt and share burdens fairly, and for countries with big surpluses to help fund that growth.
Full Legal Text
Title 22, §5324
Foreign Relations and Intercourse — Source: USLM XML via OLRC
It is the policy of the United States that—
(1)increasing growth in the developing world is a major goal of international economic policy;
(2)it is necessary to broaden the range of options in dealing with the debt problem to include improved mechanisms to restructure existing debt;
(3)active consideration of a new multilateral authority to improve the management of the debt problem and to share the burdens of adjustment more equitably must be undertaken; and
(4)countries with strong current account surpluses bear a major responsibility for providing the financial resources needed for growth in the developing world.
Reference
Citations & Metadata
Citation
22 U.S.C. § 5324
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60