22-U.S.C.-5324

22-U.S.C.-5324

§5324 – Statement of Policy

Pathway

Title 22 > Chapter 62 > Subchapter II > Part A > Section 5324

Details

  • Reference: Section 5324
  • Legend: §5324 – Statement of Policy
  • USCode Year: 2013

Provision Content

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.

(Pub. L. 100–418, title III, §3104, Aug. 23, 1988, 102 Stat. 1376.)

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