Implementation process and payment schedule
GCI-9 subscriptions to the Ordinary Capital (OC) are scheduled to be made in US dollars in five installments effective on February 28th of each year between 2012 and 2016.
For the paid-in capital portion, payments are due 30 days from the effective date of each installment. Members have the option to make a payment in cash or by delivering non-interest bearing promissory notes or similar instruments. Such instruments, if applicable, shall be payable and redeemed in the total amount due for the respective installment as of such due date.
GCI-9 contributions to the FSO are to be made in US dollars, in either one payment or in five annual installments. For the one-payment option, the country will contribute its share of the $479 million increase, as per the FSO contribution table. For the equal installment options, the effective date of each installment is scheduled for October 31st of each year between 2011 and 2015. In such case, the country will contribute its share of US$ 517.3 million.
For more information about payment schedules by country please email Institutional Banking at: TRY-INB@iadb.org