The Caribbean Development Bank (Further Payments to Capital Stock) Order 2011
This Order approves the payment to the Caribbean Development Bank of a subscription not exceeding in the aggregate the equivalent of 20,705,000 United States Dollars to the increased authorised capital stock of the Bank pursuant to arrangements made with the Bank in accordance with Resolution No. 4/10 adopted by the Board of Governors of the Bank on 19th May 2010. The Order further provides that the Secretary of State may make payments to maintain the value of the subscription to the increased authorised capital stock. It also provides that the Secretary of State may make payments to redeem any non-interest-bearing and non-negotiable notes issued by the Secretary of State in payment of this subscription.