22-U.S.C.-286T
§286T – Omitted
Pathway
Title 22 > Chapter 7 > Subchapter XV > Section 286t
Details
- Reference: Section 286t
- Legend: §286T – Omitted
- USCode Year: 2013
Provision Content
Codification
Section, act July 31, 1945, ch. 339, §34, as added Oct. 7, 1980, Pub. L. 96–389, §4(b), 94 Stat. 1553, directed the Secretary of the Treasury, in cooperation with the United States Director of the Fund, to study and report to Congress prior to May 15, 1981, with respect to adequacy of Fund resources and method of increasing Fund liquidity, promotion of more direct recycling of oil surpluses, and methods of providing adequate resources for balance-of-payments financing.
Recycling Balance-of-Payments Surpluses by Oil Exporting Countries
Pub. L. 96–389, §4(a), Oct. 7, 1980, 94 Stat. 1553, provided that: It is the sense of the Congress that (1) the interests of the United States and those of other member countries require an effective International Monetary Fund equipped with resources adequate to facilitate orderly balance-of-payments adjustments; (2) persistent balance-of-payments surpluses in oil exporting countries have placed, and will continue to place, severe strains on the resources of oil importing countries and on the liquidity of the Fund; (3) these strains can only be relieved if the oil exporting countries assume a greater burden for financing balance-of-payments deficits through direct methods of recycling their surpluses and through proportionally greater contributions to the Fund and to the international lending institutions; and (4) the Fund must explore innovative proposals to encourage more direct recycling of oil surpluses and to increase its own liquidity.
U.S. Encyclopedia of Law Coverage
22-U.S.C.-286MM in the Legal Encyclopedia: Foreign Relations
In this entry about 22-U.S.C.-286MM, 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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