(a) The governor and executive
director of the Fund appointed by the United States are hereby directed
to obtain promptly an official interpretation by the Fund as to whether
its authority to use its resources extends beyond current monetary
stabilization operations to afford temporary assistance to members
in connection with seasonal, cyclical, and emergency fluctuations
in the balance of payments of any member for current transactions,
and whether it has authority to use its resources to provide facilities
for relief, reconstruction, or armaments, or to meet a large or sustained
outflow of capital on the part of any member.
(b)
If the interpretation by the Fund answers in the affirmative any of
the questions stated in subsection (a), the governor of the Fund representing
the United States is hereby directed to propose promptly and support
an amendment to the Articles of Agreement for the purpose of expressly
negativing such interpretation. The President is hereby authorized
and directed to accept an amendment to that effect on behalf of the
United States.
[22 USC 286j.]
