Title 22, Foreign Relations and IntercourseRelease 119-110
§290i–11 Sixth Capital Increase
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XXIV — AFRICAN DEVELOPMENT BANK › § 290i–11
Summary
The United States Governor of the Bank may buy 289,391 additional shares for the United States. That purchase can only happen if Congress provides the money beforehand in appropriation laws. Up to $4,322,228,221 may be appropriated, without fiscal year limit, for the Secretary of the Treasury to pay. Of that amount, $259,341,759 is for paid-in shares and $4,062,886,462 is for callable shares.
Full Legal Text
Title 22, §290i–11
Foreign Relations and Intercourse, Source: USLM XML via OLRC
(a)Subscription authorized
(1)The United States Governor of the Bank may subscribe on behalf of the United States to 289,391 additional shares of the capital stock of the Bank.
(2)Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.
(b)Limitations on authorization of appropriations
(1)In order to pay for the increase in the United States subscription to the Bank under subsection (a), there are authorized to be appropriated, without fiscal year limitation, $4,322,228,221 for payment by the Secretary of the Treasury.
(2)Of the amount authorized to be appropriated under paragraph (1)—
(A)$259,341,759 shall be for paid in shares of the Bank; and
(B)$4,062,886,462 shall be for callable shares of the Bank.
Reference
Citations & Metadata
Citation
22 U.S.C. § 290i–11
Title 22, Foreign Relations and Intercourse
Last Updated
Sep 22, 2026
Release point: 119-110