A bill to provide for increased participation by the United States in the Inter-American Development Bank and the Asian Development Bank.

Summary

Title I: - Inter-American Development Bank - Amends the Inter-American Development Bank Act to authorize the U.S. Governor of the Bank to vote for certain resolutions which provide for an increase in the authorized capital stock of the Bank and an increase in the resources of the Fund for Special Operations. Authorizes the Governor to subscribe to 427,396 shares of the increase in the authorized capital stock of the Bank and to contribute $290,000,000 to the Fund for Special Operations. Authorizes appropriations to carry out the purposes of this Act. Title II: - Asian Development Bank - Amends the Asian Development Bank Act to authorize the U.S. Governor of the Bank to subscribe to 123,375 additional shares of the capital stock of the Bank. Authorizes appropriations for such subscription. Authorizes the U.S. Governor to contribute $520,000,000 on behalf of the United States to the Asian Development Fund. Authorizes appropriations for such contribution.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 6 April 1983

  Open at official source

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