Ninth General Capital Increase
The Ninth General Capital Increase (IDB-9)—the largest capital increase in the IDB’s history—will provide additional US$ 70 billion in Ordinary Capital to the IDB that will significantly increase its lending capacity.
Composed of paid-in-capital and callable capital, the paid-in portion will amount $1.7 billion, and the callable capital portion to $68.3 billion, at the end of the capital increase in 2016. The paid-in-portion is subscribed by individual members based on (i) their share and voting power and (ii) the proportion of paid-in Ordinary Capital with respect to the total increase of capital resources.
The first installment of the capital increase became effective on February 29, 2012. On October 19, 2012, the Board of Executive Directors determined that 28 February 2013 would be the effective date for the second installment of the increase to the OC, and the last day of February 2014, 2015, and 2016 would be the effective dates for the remaining installments.
Share Reallocation Process
Two member countries of the Bank did not deposit their instruments of subscription for their participation in the IDB-9. The shares of those two countries were subsequently reallocated to other participating member countries on January 22, 2013 by the Board of Governors. The allocation effective date of these shares follows the payment schedule of the IDB-9.
Recapitalization of the FSO
The Fund for Special Operations (FSO)—the IDB’s window for concessional lending—will also be recapitalized, increasing its donor contributions by US$479 million. These contributions enabled the IDB to (i) fully write-off Haiti’s debt with the IDB, ii) convert Haiti’s remaining undisbursed loan balances into grants and (iii) provide additional resources for FSO emergency situations, especially those arising from natural disasters.