22 U.S.C. § 286JJ

§286jj. Partial guarantees in connection with debt reduction for borrower countries

Edition 2024

U.S.C. Title 22 - FOREIGN RELATIONS AND INTERCOURSE
22 U.S.C.

United States Code, 2024 Edition

Title 22 - FOREIGN RELATIONS AND INTERCOURSE

CHAPTER 7 - INTERNATIONAL BUREAUS, CONGRESSES, ETC.

SUBCHAPTER XV - INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION AND DEVELOPMENT

Sec. 286jj - Partial guarantees in connection with debt reduction for borrower countries

From the U.S. Government Publishing Office, www.gpo.gov

§286jj. Partial guarantees in connection with debt reduction for borrower countries

The Secretary of the Treasury shall instruct the United States Executive Director of the International Bank for Reconstruction and Development to initiate discussions with other directors of such bank and to propose that such bank establish criteria under which such bank would provide partial guarantees on debt service payments by borrower countries to private creditors when such guarantees would serve a catalytic role in facilitating final agreement on financing packages which involve significant debt reduction.

(Pub. L. 100–461, title V, §555, Oct. 1, 1988, 102 Stat. 2268–36.)

Editorial Notes

Codification
Section is based on section 5 of H.R. 4645, One Hundredth Congress, as reported Sept. 28, 1988, and enacted into law by Pub. L. 100–461.

Section was not enacted as part of act July 31, 1945, ch. 339, 59 Stat. 512, known as the Bretton Woods Agreements Act, which comprises this subchapter.

Official source