
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 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.
