FEDERAL · 22 U.S.C. · Chapter SUBCHAPTER XV—INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT
Stabilization loans by Bank; amendment to Articles of Agreement
22 U.S.C. § 286i
Title22 — Foreign Relations and Intercourse
ChapterSUBCHAPTER XV—INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT
This text of 22 U.S.C. § 286i (Stabilization loans by Bank; amendment to Articles of Agreement) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
22 U.S.C. § 286i.
Text
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.
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Source Credit
History
(July 31, 1945, ch. 339, §12, 59 Stat. 516.)
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22 U.S.C. § 286i, Counsel Stack Legal Research, https://law.counselstack.com/usc/22/286i.