Title 22, Foreign Relations and IntercourseRelease 119-102
§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 says helping developing countries grow should be a top goal of international economic policy. It calls for more ways to deal with debt—like better debt restructuring and looking into a new international body—and says countries with big financial surpluses should help pay for 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
Aug 21, 2026
Release point: 119-102