The Inter-American Investment Corporation (Further Payments to Capital Stock) Order 2025
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Change 1
3 Relevant payments
In accordance with section 11 of the International Development Act 2002, the Secretary of State may, on behalf of the Government— (a) make a further subscription to the increased authorised capital stock of the Corporation not exceeding 106,000,000 United States Dollars in accordance with the Resolution and arrangements made between the Government and the Corporation, (b) make payment of sums required to maintain the value of the payment mentioned in paragraph (a) in accordance with the Resolution and arrangements made between the Government and the Corporation, and (c) make payment 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 Corporation pursuant to the arrangements referred to in paragraph (a).
3 Relevant payments
In accordance with section 11 of the International Development Act 2002, the Secretary of State may, on behalf of the Government— (a) make a further subscription to the increased authorised capital stock of the Corporation not exceeding 106,000,000 United States Dollars in accordance with the Resolution and arrangements made between the Government and the Corporation, (b) make payment of sums required to maintain the value of the payment mentioned in paragraph (a) in accordance with the Resolution and arrangements made between the Government and the Corporation, and (c) make payment 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 Corporation pursuant to the arrangements referred to in paragraph (a).
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