Frequently Asked Questions (FAQ)
There are 48 member countries – 26 borrowing members from the region plus Canada and the United States and 20 non-regional members. For a list of countries see the Statement of Subscriptions to Capital Stock and Voting Power.
Capital stock consists of “paid-in” and “callable” shares. The subscribed “paid-in” capital stock has been paid in United States dollars and/or in the member country currency in conformity with the respective Board resolution capital increase. The “callable” portion of capital is only subscribed to and no payments are required until it is called. The callable portion is subject to call only when required to meet obligations of the Bank created by certain operations. The “paid-in” capital of the Ninth General Increase in Resources (IDB-9) is payable in USD. See the Statement of Subscriptions to Capital Stock and Voting Power.
The Voting Power of member countries can be found on the Statement of Subscriptions to Capital Stock and Voting Power.
The Ninth GCI will be implemented starting 2011 through 2015 as parliaments in each of its member countries seek legislative approvals to subscribe and contribute as well as the budgetary appropriation of the necessary funds.
The authorized capital of the IADB after the 9th increase is implemented and completed will be $170.9 billion consisting of $6 billion “paid-in” and $164.9 billion “callable.”
The effective date for the IDB-9 is October 31st of every year starting in 2011 through 2015 and payment is due 30 days later. The FSO can be paid in one installment on October 31st or before through an advanced contribution or in five equal installments as depicted in the Projected Payment Schedule for the Ninth Increase in Resources. The corresponding amounts for each member country are listed in the Projected Payment Schedule for the Ninth Increase in Resources.
Member country governments through their legislative bodies must take the necessary steps to ratify the IDB-9 and appropriate the necessary funds. Each government must then issue and submit an instrument of subscription to the Ninth Ordinary Capital. GCI shares and an instrument of contribution to the Fund for Special Operations. Such documents must be submitted to the Bank no later than October 31, 2011. The shares will be distributed according to the established schedule.
Subscriptions and Contributions can be paid in cash, in United States dollars, to the account provided in the payment instructions. To obtain more information on the implementation package and payment instructions please see Capital Increase Process.
MIF is the leading source of technical assistance grants for micro and small business development in Latin America and the Caribbean. For more information please visit the Multilateral Investment Fund website.