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22 U.S.C. § 286e–9 — Stabilization programs

submitted 81 years ago by Pub. L. 95-435 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 80 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Treasury Secretary must tell the U.S. IMF director to consult with the IMF and other countries. The goal: get IMF staff to design stabilization programs that boost investment and jobs. These programs should focus especially on meeting basic human needs.

The Secretary of the Treasury must instruct the United States executive director at the International Monetary Fund (IMF) to take action. That director must start wide consultations with the IMF's managing director. The director must also talk with the executive directors representing other member countries. The purpose of these talks is to encourage the IMF's staff to formulate stabilization programs. These programs should, to the maximum feasible extent, foster a broader base of productive investment and employment — in other words, spread investment and jobs more widely, not just concentrate them in a few places. The programs should especially target productive activities designed to meet basic human needs.
the actual law source: uscode.house.gov ↗public domain

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.

Source credit: (July 31, 1945, ch. 339, § 30, as added Pub. L. 95–435, § 4, Oct. 10, 1978, 92 Stat. 1052; amended Pub. L. 96–389, § 2(b), Oct. 7, 1980, 94 Stat. 1553; Pub. L. 101–240, title V, § 541(d)(1), (f)(2), Dec. 19, 1989, 103 Stat. 2518, 2519.)

history & why it existsrecord from the source credit
  • 1945Enacted · Pub. L. 95-435 · 92 Stat. 1052
  • 1980Amended · Pub. L. 96-389 · 94 Stat. 1553
  • 1989Amended · Pub. L. 101-240 · 103 Stat. 2518, 2519

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-435 on 1945-07-31.

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