Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§283o Increase in Authorized Capital Stock and Additional Subscriptions of Members Thereto; Increase in Resources of Fund for Special Operations and Contributions Thereto; United States Share; Authorization of Appropriations

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

Last updated Apr 5, 2026|Official source

Summary

Allows the U.S. Governor at the Bank to vote for two proposed measures. If the Bank adopts them, the United States may agree to buy 82,352 new shares at $10,000 each—67,352 as callable shares and 15,000 as paid‑in shares. The United States would also pay $100,000,000 as an initial annual payment to the Fund for Special Operations and, if Congress approves, two more annual payments of $450,000,000 each. Congress also permits the Treasury to be given the money, with no fiscal‑year limit, to make these payments: three yearly payments of $50,000,000 for the paid‑in stock; two payments of $336,760,000 for the callable stock; and one payment of $100,000,000 for the Fund increase.

Full Legal Text

Title 22, §283o

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The United States Governor of the Bank is hereby authorized to vote in favor of the two resolutions proposed by the Governors at their annual meeting in April 1970 and now pending before the Board of Governors of the Bank, which provide for (1) an increase in the authorized capital stock to the Bank and additional subscriptions of members thereto and (2) an increase in the resources of the Fund for Special Operations and contributions thereto. Upon adoption of such resolutions the United States Governor is authorized to agree on behalf of the United States (1) to subscribe to eighty-two thousand three hundred and fifty-two shares of $10,000 par value of the increase in the authorized capital stock of the Bank of which sixty-seven thousand three hundred and fifty-two shall be callable shares and fifteen thousand shall be paid in and (2) to pay to the Fund for Special Operations an initial annual installment of $100,000,000 and, upon further authorization by the Congress two subsequent annual installments of $450,000,000 each, in accordance with and subject to the terms and conditions of such resolutions.

(b)There are hereby authorized to be appropriated, without fiscal year limitation, the amounts necessary for payment by the Secretary of the Treasury of (1) three annual installments of $50,000,000 each for the United States subscription to paid-in capital stock of the Bank; (2) two installments of $336,760,000 each for the United States subscription to the callable capital stock of the Bank; and (3) one installment of $100,000,000 for the United States share of the increase in the resources of the Fund for Special Operations of the Bank.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283o

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60