Title 22, Foreign Relations and IntercourseRelease 119-102

§283n Increase in Authorized Capital Stock; United States Share; Authorization of Appropriations

Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XII — INTER-AMERICAN DEVELOPMENT BANK › § 283n

Last updated Aug 21, 2026|Official source

Summary

The United States Governor at the Inter-American Development Bank may vote, as the Bank’s directors recommended in April 1967, to raise the Bank’s authorized capital and may agree for the United States to take its share of a $1,000,000,000 increase in the Bank’s callable capital. Congress allows up to $411,760,000 to be provided, with no time limit, for the Treasury to pay the United States’ part of that increased subscription.

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

Aug 21, 2026

Release point: 119-102