22 U.S.C. § 5324 — Statement of policy
submitted 38 years ago by Pub. L. 100-418 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 100 words · no verdicts yet
The United States policy is to support growth in developing countries. It also calls for better ways to restructure existing debt, consideration of a new multilateral debt-management authority, and financial contributions from countries with large current-account surpluses.
The United States policy is that—
(1) increasing growth in the developing world is a major goal of international economic policy;
(2) debt policy must include better ways to restructure existing debt;
(3) the United States must actively consider a new multilateral authority to manage the debt problem better and share adjustment burdens more fairly; and
(4) countries with strong current-account surpluses have a major responsibility to provide the financial resources needed for growth in the developing world.
It is the policy of the United States that—
increasing growth in the developing world is a major goal of international economic policy;
it is necessary to broaden the range of options in dealing with the debt problem to include improved mechanisms to restructure existing debt;
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
countries with strong current account surpluses bear a major responsibility for providing the financial resources needed for growth in the developing world.
Source credit: (Pub. L. 100–418, title III, § 3104, Aug. 23, 1988, 102 Stat. 1376.)
- 1988Enacted · Pub. L. 100-418 · 102 Stat. 1376
A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-418 on 1988-08-23.
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