---
kind: "section"
citation: "22 U.S.C. § 286z"
title: "22"
title_heading: "Foreign Relations and Intercourse"
number: "286z"
heading: "Collection and exchange of information on monetary and financial problems"
release: "119-102"
url: "https://uscodex.org/usc/22/286z"
units:
  - "Chapter 7 — International Bureaus, Congresses, Etc."
  - "Subchapter XV — International Monetary Fund and Bank for Reconstruction and Development"
---

# §286z. Collection and exchange of information on monetary and financial problems

- (a) **Sense of Congress—** It is the sense of the Congress that—
  - (1) the lack of sufficient information currently available to allow members of the [Fund](/usc/22/2431a.md?p=9) to make sound and prudent decisions concerning their public and private sector international borrowing, and to allow lenders to make sound and prudent decisions concerning their international lending, threatens the stability of the international monetary system; and
  - (2) in recognition of the [Fund](/usc/22/2431a.md?p=9)’s duties, as provided particularly by article VIII of the Articles of [Agreement](/usc/22/2431a.md?p=7) of the [Fund](/usc/22/2431a.md?p=9), to act as a center for the collection and exchange of information on monetary and financial problems, the [Fund](/usc/22/2431a.md?p=9) should adopt necessary and appropriate measures to ensure that more complete and timely financial information will be available.
- (b) **Initiation by United States Executive Director of discussions with other Directors; adoption of procedures—** To this end, the [Secretary](/usc/22/277d–43.md?p=5) of the Treasury shall instruct the [United States](/usc/22/1395.md?p=a-1) [Executive Director](/usc/22/10601.md?p=5) of the [Fund](/usc/22/2431a.md?p=9) to initiate discussions with other directors of the [Fund](/usc/22/2431a.md?p=9) and with [Fund](/usc/22/2431a.md?p=9) management, and to propose and vote for, the adoption of procedures, within the [Fund](/usc/22/2431a.md?p=9)—
  - (1) to collect and disseminate information, on a quarterly basis, from and to [Fund](/usc/22/2431a.md?p=9) members, and to such other persons as the [Fund](/usc/22/2431a.md?p=9) deems appropriate, concerning—
    - (A) the extension of [credit](#c) by banks or nonbanks to private and public entities, including all government entities, instrumentalities, and central banks of member countries; and
    - (B) the receipt of such [credit](#c) by those private and public entities of member countries, where such banks or nonbanks are not principally established within the borders of the member country to which the [credits](#c) are extended; and
  - (2) to disseminate publicly information which is developed in the course of the [Fund](/usc/22/2431a.md?p=9)’s collection, and to review and comment on efforts which the [Fund](/usc/22/2431a.md?p=9) determines would serve to enhance the informational base upon which international borrowing and lending decisions are taken.
- (c) **“Credit” defined—** For purposes of this section, the term “credit” includes—
  - (1) outstanding loans to private and public entities, including government entities, instrumentalities, and central banks of any member, and
  - (2) unused lines of [credit](#c) which have been made available to those private and public entities of any member,

  where such loans or lines of credit are repayable in freely convertible currency.

- (d) **Providing necessary information—** The President is authorized to use the authority provided under [section 286f of this title](/usc/22/286f.md) to require any person (as defined in such section) subject to the jurisdiction of the [United States](/usc/22/1395.md?p=a-1) to provide such information as the [Fund](/usc/22/2431a.md?p=9) determines to be necessary in order to carry out the provisions of this section.

## Source credit

(July 31, 1945, ch. 339, § 42, as added Pub. L. 98–181, title I [title VIII, § 802(a)(4)], Nov. 30, 1983, 97 Stat. 1269.)