22 U.S.C. § 286dd

Fund bailouts of banks; rescheduling of debt

Read at: OLRCuscode.house.gov CornellLII GovInfogovinfo.gov JustiaTitle 22 CasesGoogle Scholar

The Secretary of the Treasury shall instruct the United States Executive Director of the Fund—(1) to oppose and vote against any Fund drawing by a member country where, in his judgment, the Fund resources would be drawn principally for the purpose of repaying loans which have been imprudently made by banking institutions to the member country; and(2) to work to insure that the Fund encourages borrowing countries and banking institutions to negotiate, where appropriate, a rescheduling of debt which is consistent with safe and sound banking practices and the country’s ability to pay.(July 31, 1945, ch. 339, § 46, as added Pub. L. 98–181, title I [title VIII, § 807], Nov. 30, 1983, 97 Stat. 1273.)

Notes of Decisions

Cited in 2 cases, 1994–1996 · leading case: Elliott Associates, L.P. v. Republic of Peru

Sort: Relevance Newest Treatment

Elliott Associates, L.P. v. Republic of Peru (1996) nysd · cites it 2× “In 22 U.S.C. § 286dd(2), Congress established a policy of “encouraging] borrowing countries and banking institutions to negotiate, where appropriate, a rescheduling of debt which is consistent with safe and sound banking practices and the country’s ability to pay.”

Pravin Banker Associates, Ltd. v. Banco Popular Del Peru (1994) nysd “” 22 U.S.C. § 286dd. In 1988, Congress passed the “International Debt Management Act of 1988” which redefined American policy concerning international debt management.”

— 22 U.S.C. § 286dd(2) — 1 case

Elliott Associates, L.P. v. Republic of Peru (1996) nysd “In 22 U.S.C. § 286dd(2), Congress established a policy of “encouraging] borrowing countries and banking institutions to negotiate, where appropriate, a rescheduling of debt which is consistent with safe and sound banking practices and the country’s ability to pay.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.