United States Code (Last Updated: May 24, 2014) |
Title 22. FOREIGN RELATIONS AND INTERCOURSE |
Chapter 62. INTERNATIONAL FINANCIAL POLICY |
SubChapter II. INTERNATIONAL DEBT |
Part A. Findings, Purposes, and Statement of Policy |
§ 5324. Statement of policy
Latest version.
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It is the policy of the United States that— (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.