Title 22 — Foreign Relations and IntercourseRelease 119-73
§283n Increase in authorized capital stock; United States share; authorization of appropriations
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XII— - INTER-AMERICAN DEVELOPMENT BANK › § 283n
Summary
Lets the U.S. Governor at the Inter‑American Development Bank approve a $1,000,000,000 callable‑capital increase, per the Bank's April 1967 board recommendation, and subscribe the U.S. share. Authorizes $411,760,000, with no time limit, for Treasury to pay it.
Full Legal Text
Title 22, §283n
Foreign Relations and Intercourse — Source: USLM XML via OLRC
(a)The United States Governor of the Bank is hereby authorized (1) to vote for an increase in the authorized capital stock of the Bank under article II, section 2, of the agreement as recommended by the Board of Executive Directors in its report of April 1967, to the Board of Governors of the Bank; and (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.
(b)There is hereby authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the increased United States subscription to the capital stock of the Inter-American Development Bank, $411,760,000.
Reference
Citations & Metadata
Citation
22 U.S.C. § 283n
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73