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

FEDERAL · 22 U.S.C. · Chapter SUBCHAPTER II—INTERNATIONAL DEBT

Statement of policy

22 U.S.C. § 5324

Title22 — Foreign Relations and Intercourse

ChapterSUBCHAPTER II—INTERNATIONAL DEBT

PartA

This text of 22 U.S.C. § 5324 (Statement of policy) 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. § 5324.

Text

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.

Source Credit

History

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

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Bluebook (online)

22 U.S.C. § 5324, Counsel Stack Legal Research, https://law.counselstack.com/usc/22/5324.