The Inter-American Investment Corporation (Further Payments to Capital Stock) Order 2025

This Order approves the making of a further subscription to the increased authorised capital stock of the Inter-American Investment Corporation (“the Corporation”) of a sum not exceeding 106,000,000 United States Dollars. The payment approved by this Order will be made in accordance with Resolution CII/AG-5/24 entitled ‘New Vision and Business Model for the Inter-American Investment Corporation: Capitalization and Implementation Plan’, adopted by the Board of Governors of the Corporation on 10th March 2024, and arrangements made between the Government and the Corporation. The Order also provides for the redemption of non-interest bearing and non-negotiable notes by the Secretary of State pursuant to those arrangements.

Lifecycle

Department

Made

07 Jul 2025

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In force

08 Jul 2025

Enabling power

the Act The Secretary of State makes this Order in exercise of the powers conferred by section 11(4) of the International Development Act 2002 (“”)for the purposes of approving a payment under section 11(3) of the Act. Section 11 of the Act provides that where the Government of the United Kingdom becomes bound to make a relevant paymentto a multilateral development bankthe Ministermay make the relevant payment and other associated payments specified in section 11(3). Section 11(4) of the Act provides that section 11(3) applies to a payment only if it is approved by an order made by the Treasury, or by the Secretary of State with the approval of the Treasury. In accordance with section 11(5) of the Act, a draft of this Order has been laid before the House of Commons and approved by resolution of that House.

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Instrument PDF

application/pdf · 14 Jul 2025 · 185 KB