22 USC 5324: Statement of policy
Text contains those laws in effect on April 18, 2024
From Title 22-FOREIGN RELATIONS AND INTERCOURSECHAPTER 62-INTERNATIONAL FINANCIAL POLICYSUBCHAPTER II-INTERNATIONAL DEBTPart A-Findings, Purposes, and Statement of Policy
Jump To: Source Credit
§5324. Statement of policy
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.
(