REPORT ON THE EIGHTH GENERAL INCREASE IN RESOURCES OF THE INTER-AMERICAN DEVELOPMENT BANK

I. PROSPECTS FOR GROWTH AND SOCIAL DEVELOPMENT IN LATIN AMERICA

• 1. INTRODUCTION
• 2. RECENT DEVELOPMENTS
• 3. SOCIAL REFORMS
• 4. REQUIREMENTS FOR ACCELERATING DEVELOPMENT
• 5. PROSPECTS FOR THE WORLD ECONOMY: INCREASED INTERDEPENDENCE
• 6. INCREASING INTERNATIONAL COMPETITIVENESS
• 7. EXTERNAL CAPITAL REQUIREMENTS AND PROSPECTS
• 8. OFFICIAL FINANCING
• 9. CONCLUSION

II. THE BANK'S LENDING PROGRAM FOR THE PERIOD OF THE EIGHTH GENERAL INCREASE IN RESOURCES

• 1. GENERAL CONSIDERATIONS
• 2. KEY AREAS OF BANK ACTIVITY

  A. Poverty reduction and social equity

  B. Modernization and integration

  C. The environment

• 3. BANK MODALITIES AND INSTRUMENTS
  • A. Programming as instrument
  • B. Policy-based lending
  • C. Technical cooperation
  • D. The private sector development program
  • E. Cofinancing
  • F. Export promotion
  • G. Matrix
  • H. Information disclosure policy
  • I. Inspection function
  • J. Internal audit function
  • K. Operations evaluation
  • L. Concessional lending
  • M. Review by Governors

III. PROGRAM EXECUTION OF THE SEVENTH GENERAL INCREASE IN RESOURCES DURING THE PERIOD FROM 1990 TO 1993

• 1. INTRODUCTION
• 2. LENDING PROGRAM FOR THE PERIOD FROM 1990 TO 1993
  • A. Lending parameters
  • B. Lending by country group
  • C. Policy-related sector lending
  • D. Use of concessional resources
  • E. Approvals by sector
  • F. Technical cooperation
• 3. AREAS OF SPECIAL EMPHASIS IN THE BANK'S PROGRAMS
  • A. Low-income beneficiaries
  • B. Environmental considerations
  • C. Women in development
  • D. Microenterprise and Small Projects
  • E. Cofinancing
  • F. Country programming and strategic planning
  • G. Evaluation activities
  • H. Social Agenda Policy Group (SAPG)
• 4. DISBURSEMENTS DURING THE SEVENTH REPLENISHMENT PERIOD
• 5. FINANCIAL ACTIVITIES
• 6. CONCLUSION

IV. SHAREHOLDING STRUCTURE, FINANCIAL PARAMETERS AND LENDING AUTHORITY OF THE EIGHTH GENERAL INCREASE IN RESOURCES

• 1. SHAREHOLDING STRUCTURE
  • A. Capital structure at the end of the Eighth General Increase in the Resources of the Bank
  • B. Paid-in capital: Determining the percentage of paid-in capital to be subscribed
• 2. PARAMETERS FOR THE CAPITAL INCREASE
  • A. Size of the capital increase
  • B. Lending parameters
  • C. Subscription and encashment
  • D. Currencies
• 3. PARAMETERS FOR THE INCREASE IN THE FUND FOR SPECIAL OPERATIONS
  • A. Size of the increase to the Fund for Special Operations
  • B. Use of FSO liquidity to generate funding for technical cooperation and the Intermediate Financing Facility
  • C. Schedules of contributions and encashments D. Maintenance of value
  • E. Transfers from the FSO General Reserve to the IFF account
  • F. Currencies

V. RECOMMENDED AMENDMENTS TO THE AGREEMENT ESTABLISHING THE BANK AND CERTAIN OTHER BASIC BANK DOCUMENTS

VI. RECOMMENDED PROCEDURES FOR IMPLEMENTATION OF EIGHTH GENERAL INCREASE OF RESOURCES

• 1. APPLICABLE PROVISIONS OF THE AGREEMENT AND THE GENERAL RULES
  • A. Capital resources
  • B. Fund for Special Operations
  • C. Intermediate Financing Facility
• 2. TECHNICAL COOPERATION FUND
• 3. DECISION-MAKING PROCEDURES
• 4. AMENDMENTS TO THE AGREEMENT ESTABLISHING THE BANK AND OTHER BASIC BANK DOCUMENTS
• 5. WAIVERS REQUIRED
• 6. RESOLUTIONS PROPOSED
• 7. PROCEDURES FOR VOTING
• 8. SPECIFIC ACTIONS REQUIRED AFTER ADOPTION OF THE PROPOSED RESOLUTIONS
  • A. Capital increase
  • B. Fund for Special Operations increase