Sec. 34.56. **[**[22 U.S.C. 286t](/us/usc/t22/s286t)**]**
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## Sec. 34.56 **[**[22 U.S.C. 286t](/us/usc/t22/s286t)**]** The Secretary of the Treasury, in consultation with the United States Executive Director of the Fund, shall study and, following consultations with member countries, shall report to the Congress prior to May 15, 1981, with respect to— 56Sec. 34 was added by sec. 4(b) of Public Law 96–389 (94 Stat. 1553). ####
(1)the current adequacy of Fund resources, together with projected needs of the Fund over the next five years; ####
(2)the feasibility of increasing Fund liquidity by encouraging the Fund to borrow directly from the governments of oil exporting countries; ####
(3)the feasibility of increasing Fund liquidity by encouraging the Fund to borrow in private capital markets through the issuance of securities backed by Fund resources; ####
(4)the feasibility of an offer by the Fund of incentives to oil exporting countries, including financial guarantees by the Fund for government-to-government loans to countries with balance-of-payments deficits, in order to promote more direct recycling of oil surpluses; and ####
(5)methods to enhance cooperation between commercial banks and the Fund to promote the availability of adequate resources for balance-of-payments financing.
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- Pub. L. 96-389
- 94 Stat. 1553
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Sec. 34.56
**[**[22 U.S.C. 286t](/us/usc/t22/s286t)**]**
Pub. L.Pub. L. 96-389
Stat.94 Stat. 1553
Cites 3Cited by 0 across 0 sources