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<titleInfo>
 <title>Treasury Maintains a Formal Process to Advance U.S. Policies at the International Monetary Fund</title>
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<abstract>Over the past 50 years, Congress has shown increasing interest in
legislating U.S. policies concerning the International Monetary  
Fund (IMF or the Fund). In 2001, we reported that the United	 
States had 60 legislative mandates prescribing U.S. policy goals 
at the Fund. These mandates covered a wide range of policies,	 
including human rights, international trade, and weapons	 
proliferation. Because the Fund is an international organization,
it is generally exempt from U.S. law. However, Congress can seek 
to influence IMF policy by directing the Secretary of the	 
Treasury to instruct the U.S. Executive Director of the Board of 
the Fund to pursue specific policies or vote in a particular way 
as part of his duties. In 2000, Congress directed us to assess	 
the Department of the Treasury&apos;s efforts in advancing U.S.	 
legislative mandates at the Fund. The Consolidated Appropriations
Act for Fiscal Year 2000 requires us to report annually on the	 
extent to which IMF practices are consistent with U.S. policies  
as set forth in federal law. In January 2001, we reported that	 
the Treasury instituted a formal process in 1999 to		 
systematically promote congressionally mandated policies at the  
Fund. We also found that while Treasury had some influence over  
Fund policies, it was difficult to attribute the adoption of a	 
policy within the Fund solely to the efforts of any one member	 
because the Fund generally makes decisions on the basis of	 
consensus. In this report, we provide an update on (1) the status
of the U.S. Treasury&apos;s process for advancing congressional	 
mandates at the Fund and (2) the number of U.S. legislative	 
mandates concerning the Fund.</abstract>
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<note>Correspondence</note>
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