1995 US Code
Title 22 - FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 6 - FOREIGN DIPLOMATIC AND CONSULAR OFFICERS
Sec. 286t - Omitted
View MetadataPublication Title | United States Code, 1994 Edition, Supplement 1, Title 22 - FOREIGN RELATIONS AND INTERCOURSE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 6 - FOREIGN DIPLOMATIC AND CONSULAR OFFICERS Sec. 286t - Omitted |
Contains | section 286t |
Date | 1995 |
Laws in Effect as of Date | January 16, 1996 |
Positive Law | No |
Disposition | omitted |
Statutes at Large Reference | 94 Stat. 1553 |
Public Law Reference | Public Law 96-389 |
§286t. Omitted Codification
Section, act July 31, 1945, ch. 339, §34, as added Oct. 7, 1980, Pub. L. 96–389, §4(b), 94 Stat. 1553, directed the Secretary of the Treasury, in cooperation with the United States Director of the Fund, to study and report to Congress prior to May 15, 1981, with respect to adequacy of Fund resources and method of increasing Fund liquidity, promotion of more direct recycling of oil surpluses, and methods of providing adequate resources for balance-of-payments financing.
Recycling Balance-of-Payments Surpluses by Oil Exporting CountriesSection 4(a) of Pub. L. 96–389 provided that: “It is the sense of the Congress that (1) the interests of the United States and those of other member countries require an effective International Monetary Fund equipped with resources adequate to facilitate orderly balance-of-payments adjustments; (2) persistent balance-of-payments surpluses in oil exporting countries have placed, and will continue to place, severe strains on the resources of oil importing countries and on the liquidity of the Fund; (3) these strains can only be relieved if the oil exporting countries assume a greater burden for financing balance-of-payments deficits through direct methods of recycling their surpluses and through proportionally greater contributions to the Fund and to the international lending institutions; and (4) the Fund must explore innovative proposals to encourage more direct recycling of oil surpluses and to increase its own liquidity.”
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