Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§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 Apr 5, 2026|Official source

Summary

The U.S. Governor at the Inter-American Development Bank may vote to approve the Board's April 1967 recommendation to raise the bank's authorized callable capital by $1,000,000,000 and may agree that the United States will subscribe to its proportionate share of that increase. Up to $411,760,000 may be appropriated, with no fiscal year limit, for the Secretary of the Treasury to pay the United States' 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

Apr 5, 2026

Release point: 119-73not60