Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§283j Increased United States Participation in Bank Activities

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XII— INTER-AMERICAN DEVELOPMENT BANK › § 283j

Last updated Apr 5, 2026|Official source

Summary

Allows the United States Governor of the Bank to vote to raise the Bank’s authorized capital (article II, sec.2) and to add resources to the Fund for Special Operations (article IV, sec.3) as the March 18, 1963 report recommends. It also lets the Governor agree that the U.S. will take its share of a $1,000,000,000 increase in callable capital and to vote to let the Board add one Executive Director (article VIII, sec.3) under certain conditions.

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 5, 2026

Release point: 119-73not60