22-U.S.C.-286E-9
§286E-9 – §286E-9. Stabilization Programs
Pathway
Title 22 > Chapter 7 > Subchapter XV > Section 286e-9
Details
- Reference: Section 286e-9
- Legend: §286E-9 – §286E-9. Stabilization Programs
- USCode Year: 2013
Provision Content
The Secretary of the Treasury shall instruct the United States executive director on the Executive Board of the International Monetary Fund to initiate a wide consultation with the managing director of the Fund and other member country executive directors with regard to encouraging the staff of the Fund to formulate stabilization programs which, to the maximum feasible extent, foster a broader base of productive investment and employment, especially in those productive activities which are designed to meet basic human needs.
(July 31, 1945, ch. 339, §30, as added Pub. L. 95–435, §4, Oct. 10, 1978, 92 Stat. 1052; amended Pub. L. 96–389, §2(b), Oct. 7, 1980, 94 Stat. 1553; Pub. L. 101–240, title V, §541(d)(1), (f)(2), Dec. 19, 1989, 103 Stat. 2518, 2519.)
Amendments
1989—Pub. L. 101–240 struck out subsec. (a) designation and struck out subsec. (b) which read as follows: In order to gain a better understanding of the social, political and economic impact of the Funds stabilization programs on borrowing countries, especially as it relates to the poor majority within those countries, the United States Governor of the Fund shall prepare and submit, not later than 180 days after the close of each calendar year, a report to the Congress. Such report shall evaluate, to the maximum extent feasible, with respect to countries to which loans are made during each year, the effects of policies of those countries which result from the standby agreements on basic human needs in such countries.
1980—Subsec. (a). Pub. L. 96–389, §2(b)(1), struck out entered into pursuant to loans from the Supplementary Financing Facility after stabilization programs.
Subsec. (b). Pub. L. 96–389, §2(b)(2), (3), struck out entered into pursuant to loans from the Supplementary Financing Facility after stabilization programs and by the Supplementary Financing Facility after loans are made.
Effective Date of 1980 Amendment
Amendment by Pub. L. 96–389 effective Oct. 7, 1980, see section 12 of Pub. L. 96–389, set out as an Effective Date note under section 286s of this title.
U.S. Encyclopedia of Law Coverage
22-U.S.C.-286E-5 in the Legal Encyclopedia: Foreign Relations
In this entry about 22-U.S.C.-286E-5, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
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