22 U.S.C. § 5324 — Statement of policy

FEDERAL · 22 U.S.C. · Chapter 62

Statement of policy

Current through Pub. L. 119-102

Title 22 — Foreign Relations and Intercourse·Ch. 62 — INTERNATIONAL FINANCIAL POLICY·Subch. II·Pt. A

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.

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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.

22 U.S.C. § 5324 (Statement of policy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

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