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§ 5324. Statement of policy

Type Statute

Publication 2026-03-26

State In force

Department United States Congress

Source OLRC

Reform history JSON API

§ 5324. Statement of policy

(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.

(Pub. L. 100–418, title III, § 3104, Aug. 23, 1988, 102 Stat. 1376.)

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