§ 286e-9. — Stabilization programs.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286e-9]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286e-9. Stabilization programs
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, Sec. 30, as added Pub. L. 95-435, Sec. 4, Oct.
10, 1978, 92 Stat. 1052; amended Pub. L. 96-389, Sec. 2(b), Oct. 7,
1980, 94 Stat. 1553; Pub. L. 101-240, title V, Sec. 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 Fund's
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, Sec. 2(b)(1), struck out
``entered into pursuant to loans from the Supplementary Financing
Facility'' after ``stabilization programs''.
Subsec. (b). Pub. L. 96-389, Sec. 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.
