Title 22 — Foreign Relations and IntercourseRelease 119-73
§283j Increased United States participation in Bank activities
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XII— - INTER-AMERICAN DEVELOPMENT BANK › § 283j
Summary
Lets the U.S. Governor of the Bank vote to raise the Bank’s authorized capital and to increase the Fund for Special Operations, as the Executive Directors recommended in their March 18, 1963 report. It also lets the Governor agree that the U.S. will take its share of a $1,000,000,000 callable capital increase and vote to add one more Executive Director.
Full Legal Text
Title 22, §283j
Foreign Relations and Intercourse — Source: USLM XML via OLRC
The United States Governor of the Bank is hereby authorized (1) to vote (A) for the increases in the authorized capital stock of the Bank under article II, section 2, of the agreement, and (B) for an increase in the resources of the Fund for Special Operations under article IV, section 3, of the agreement, all as recommended by the Executive Directors in a report dated March 18, 1963, to the Board of Governors of the Bank; (2) to agree on behalf of the United States to subscribe to its proportionate share of the $1,000,000,000 increase in the authorized callable capital stock of the Bank; and (3) to vote for an amendment to article VIII, section 3, of the agreement to provide that the Board of Governors may, upon certain conditions, increase by one the number of Executive Directors.
Reference
Citations & Metadata
Citation
22 U.S.C. § 283j
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73