22 U.S.C. § 286ee — International cooperation

The Secretary of the Treasury must instruct the United States Executive Director of the Fund to propose that the Fund adopt three policies on international lending. (1) When the Fund consults with a member government about its economic policies under Article IV of the Fund's Articles of Agreement, it should (A) look more closely at the trend and amount of that country's private and public borrowers' foreign debt, and comment on it, where appropriate, in its report to the Executive Board — from the standpoint of how that borrowing affects the borrower's economic stability; and (B) consider how much of that comment, and in what form, should be shared with the international banking community and the public. (2) Whenever the Fund approves a stabilization program for a country, it should consider setting limits on how much the public sector can borrow from abroad, whether short-term or long-term. (3) As part of its annual report, and at other times it thinks useful, the Fund should publish its own evaluation of trends and volumes in international lending — looking at how lending affects lenders, borrowers, and the smooth operation of the international monetary system.