Page:United States Statutes at Large Volume 97.djvu/1301

 PUBLIC LAW 98-181—NOV. 30, 1983 "(B) the committee on Foreign Relations, the Committee on Appropriations, and the Committee on Banking, Housing, and Urban Affairs of the Senate, and any appropriate subcommittee of each such committee, for purposes of discussing the position of the executive branch and the views of the Congress with respect to any international negotia- tions being held to consider any future quota increase for the International Monetary Fund which may involve an increased con- tribution, subscription, or loan by the United States. "(2) Such consultation shall be made— "(A) not later than thirty days before the initiation of such international negotiations; "(B) during the period in which such negotiations are being held, in a frequent and timely manner; and "(C) before a session of such negotiations is held at which the United States representatives may agree to such quota increase. 97 STAT. 1269 COLLECTION AND EXCHANGE OF INFORMATION ON MONETARY AND FINANCIAL PROBLEMS "SEC. 42. (a) It is the sense of the Congress that— 22 USC 286z. "(1) the lack of sufficient information currently available to allow members of the Fund to make sound and prudent deci- sions 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's duties, as provided particu- larly by article VIII of the Articles of Agreement of the Fund, to act as a center for the collection and exchange of information on monetary and financial problems, the Fund should adopt neces- sary and appropriate measures to ensure that more complete and timely financial information will be available. "(b) To this end, the Secretary of the Treasury shall instruct the United States Executive Director of the Fund to initiate discussions with other directors of the Fund and with Fund management, and to propose and vote for, the adoption of procedures, within the Fund— "(1) to collect and disseminate information, on a quarterly basis, from and to Fund members, and to such other persons as the Fund deems appropriate, concerning— "(A) the extension of credit by banks or nonbanks to private and public entities, including all government enti- ties, instrumentalities, and central banks of member coun- tries; and "(B) the receipt of such credit by those private and public entities of member countries, where such banks or non- banks are not principally established within the borders of the member country to which the credits are extended; and "(2) to disseminate publicly information which is developed in the course of the Fund's collection, and to review and comment on efforts which the Fund determines would serve to enhance the informational base upon which international borrowing and lending decisions are taken. "(c) For purposes of this section, the term 'credit' includes— "Credit." "(1) outstanding loans to private and public entities, including government entities, instrumentalities, and central banks of any member, and

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