# The Inter-American Development Bank (Seventh General Increase) Order 1990, Article 2


The Secretary of State may, on behalf of the Government, out of moneys provided by Parliament—
(a) make payment in sterling of a further subscription to the increased authorised ordinary capital stock of the Bank of sums not exceeding in the aggregate the equivalent of 254,779,692 United States dollars pursuant to arrangements made between the Government and the Bank in accordance with the terms of the Resolution;
(b) make payment in sterling of an additional contribution to the Fund for Special Operations of sums not exceeding in the aggregate the equivalent of 6,901,000 United States dollars in accordance with arrangements made between the Government and the Bank in accordance with the terms of the Resolution;
(c) make, in accordance with arrangements made between the Government and the Bank, any payments which the Government may be obliged to make in respect of the allocation of resources from the Fund to the Intermediate Financing Facility Account established by Resolution AG—12/83 in accordance with the terms of the Resolution;
(d) make payment in sterling of sums required to maintain the value of the payments mentioned in paragraph (a) above, in accordance with arrangements made between the Government and the Bank;
(e) make payment in sterling of sums required to redeem any non-interest-bearing and non-negotiable notes or other obligations which may be issued or created by the Secretary of State and accepted by the Bank in accordance with the said arrangements.

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Source: https://www.legislation.gov.uk/uksi/1990/1042/article/2 (the official version)
Page: https://openlegislation.uk/inter-american-development-bank-seventh-general-increase-order-1990/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.