The Secretary of the Treasury
shall instruct the United States Executive Director of the Fund to
propose that the Fund adopt the following policies with respect to
international lending:
(1) In its consultations with a member
government on its economic policies pursuant to article IV of the
Articles of Agreement of the Fund, the Fund should—
(A) intensify
its examination of the trend and volume of external indebtedness of
private and public borrowers in the member country and comment, as
appropriate, in its report to the Executive Board from the viewpoint
of the contribution of such borrowings to the economic stability of
the borrower; and
(B) consider to what extent and in what form these comments might
be made available to the international banking community and the public.
1-501.25
(2) As part of any Fund-approved
stabilization program, the Fund should give consideration to placing
limits on public sector external short- and long-term borrowing.
(3) As a part of its
annual report, and at such times as it may consider desirable, the
Fund should publish its evaluation of the trend and volume of international
lending as it affects the economic situation of lenders, borrowers,
and the smooth functioning of the international monetary system.
[22 USC 286ee. As added
by act of Nov. 30, 1983 (97 Stat. 1274).]
