The Inter-American Development Bank (Further Payments to Capital Stock) Order 2011
This Order approves the payment to the Inter-American Development Bank (“the Bank”) of a subscription not exceeding in the aggregate the equivalent of 16,370,078 United States Dollars to the increased authorised capital stock of the Bank. Resolution AG 7/10 adopted by the Board of Governors of the Bank on 21st July 2010 recommended that the authorised capital stock be increased and that the members of the Bank should take action to enable it to adopt the proposed resolution titled “Increase of US $70 Billion in the Authorised Ordinary Capital Stock and Subscriptions Thereto”. That proposed resolution is annexed to the Bank’s Report on the Ninth General Capital Increase in the resources of the Inter-American Development Bank. The payment approved by this Order will be made pursuant to arrangements set out in a resolution adopted by the Board of Governors of the Bank that is materially identical to that proposed resolution.