Sec. 30.48. **[**[22 U.S.C. 286e–9](/us/usc/t22/s286e–9)**]**
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## Sec. 30.48 **[**[22 U.S.C. 286e–9](/us/usc/t22/s286e–9)**]** The Secretary of the Treasury shall instruct the United States executive director on the Executive Board of the International Monetary Fund to initiate a wide consultation with the managing director of the Fund and other member country executive directors with regard to encouraging the staff of the Fund to formulate stabilization programs49 which, to the maximum feasible extent, foster a broader base of productive investment and employment, especially in those productive activities which are designed to meet basic human needs. 48Sec. 30 was added by sec. 4 of Public Law 95–435 (92 Stat. 1052).
Subsec. designation “(a)” was struck out by sec. 541(f)(2) of International Development and Finance Act of 1989 (Public Law 101–240; 103 Stat. 2518). See note 47. 49The words “entered into pursuant to loans from the Supplementary Financing Facility” which previously appeared at this point, were struck out by sec. 2(b) of Public Law 96–389 (94 Stat. 1553). ### (b)50 * * * **[**Repealed—1989**]** 50Sec. 541 of the International Development and Finance Act of 1989 (Public Law 101–240; 103 Stat. 2518) consolidated several reporting requirements into new secs. 1701–1703 and titles XVIII and XIX of the International Financial Institutions Act and repealed duplicative requirements in other legislation.
Sec. 541(d)(1) of the International Development and Finance Act of 1989 (Public Law 101–240; 103 Stat. 2518) repealed subsec. (b). It formerly read as follows: ``(b) In order to gain a better understanding of the social, political and economic impact of the Fund's stabilization programs on borrowing countries, especially as it relates to the poor majority within those countries, the United States Governor of the Fund shall prepare and submit, not later than 180 days after the close of each calendar year, a report to the Congress.
Such report shall evaluate, to the maximum extent feasible, with respect to countries to which loans are made during each year, the effects of policies of those countries which result from the standby agreements on basic human needs in such countries.''.
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- 22 USC 286e–9
- Pub. L. 95-435
- 92 Stat. 1052
- Pub. L. 101-240
- 103 Stat. 2518
- Pub. L. 96-389
- 94 Stat. 1553
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Sec. 30.48
**[**[22 U.S.C. 286e–9](/us/usc/t22/s286e–9)**]**
Cite22 USC 286e–9
Pub. L.Pub. L. 95-435
Stat.92 Stat. 1052
Pub. L.Pub. L. 101-240
Stat.103 Stat. 2518
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