Title 22, Foreign Relations and IntercourseRelease 119-110
§290i–12 Seventh Capital Increase
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XXIV — AFRICAN DEVELOPMENT BANK › § 290i–12
Summary
The U.S. Governor of the Bank can agree for the United States to take 532,023 extra shares of the Bank. Any such purchase can only happen if Congress has provided the money in advance in an appropriations law. Congress may provide up to $7,286,587,008, to be paid by the Treasury, to cover this increase. Of that amount, $437,190,016 is for paid-in shares and $6,849,396,992 is for callable shares.
Full Legal Text
Title 22, §290i–12
Foreign Relations and Intercourse, Source: USLM XML via OLRC
(a)Subscription authorized
(1)In general
The United States Governor of the Bank may subscribe on behalf of the United States to 532,023 additional shares of the capital stock of the Bank.
(2)Limitation
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)Authorization of appropriations
(1)In general
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, $7,286,587,008 for payment by the Secretary of the Treasury.
(2)Share types
Of the amount authorized to be appropriated under paragraph (1)—
(A)$437,190,016 shall be for paid in shares of the Bank; and
(B)$6,849,396,992 shall be for callable shares of the Bank.
Reference
Citations & Metadata
Citation
22 U.S.C. § 290i–12
Title 22, Foreign Relations and Intercourse
Last Updated
Sep 22, 2026
Release point: 119-110