§ 286i. — Stabilization loans by Bank; amendment to Articles of Agreement.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286i]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286i. Stabilization loans by Bank; amendment to Articles of
Agreement
The governor and executive director of the Bank appointed by the
United States are directed to obtain promptly an official interpretation
by the Bank as to its authority to make or guarantee loans for programs
of economic reconstruction and the reconstruction of monetary systems,
including long-term stabilization loans. If the Bank does not interpret
its powers to include the making or guaranteeing of such loans, the
governor of the Bank representing the United States is directed to
propose promptly and support an amendment to the Articles of Agreement
for the purpose of explicitly authorizing the Bank, after consultation
with the Fund, to make or guarantee such loans. The President is
authorized and directed to accept an amendment to that effect on behalf
of the United States.
(July 31, 1945, ch. 339, Sec. 12, 59 Stat. 516.)
