CONVENTION Law 27.083 Convention establishing the Central American Bank for Economic Integration. Check modifications. Sanctioned: December 16, 2014
Promulgated: January 27, 2015
The Senate and Chamber of Deputies of the Argentine Nation assembled in Congress, etc. sanction with force
Law:
ARTICLE 1 — Approve the amendments to the Constitutive Convention of the Central American Bank for Economic Integration (BCIE), contained in Resolution No. AG-7/2009, whose authenticated copy forms an integral part of this law as Annex I. Under such reforms, articles 4°, 5°, 6° and 35 of the above-mentioned Convention are amended, including the increase in the authorized capital of the Central American Bank for Economic Integration (BCIE) of US dollars two billion (US$ 2,000,000.000), leading to a new authorized capital corresponding to US$ 5 billion (US$ 5,000.000)
ARTICLE 2 - Approve the subscription of eight thousand six hundred forty (8,640) Actions Serie B, equivalent to US dollars eighty-six million four hundred thousand (U$S 86,400.000), which corresponds to the Argentine Republic in the approved capital increase.
ARTICLE 3 — The aforementioned subscription is divided into seventy-five per cent (75 per cent) of the required capital equivalent to the sum of US dollars sixty-four million eight hundred thousand (US$ 64.8 million) and twenty-five per cent (25%) of the payable capital equivalent to the sum of US dollars twenty-one million six hundred thousand (US$ 21.6 million). This payable portion of capital will be cancelled as follows: A) With E-Series Certificates, the sum of US dollars fourteen million eight hundred nineteen thousand two hundred thirty-six with thirteen cents (U$ 14.819.236.13); and B) In cash, the sum of US dollars six million seven hundred eighty thousand seven hundred sixty-three with eighty-seven cents (U$S 6,780,763.87), which must be paid by the Argentine Republic through four (4) annual, equal and consecutive quotas, each one in the amount of US dollars a million six hundred and ninety-five thousand and ninety-seven cents (U$ 1,695,190.97). The first such assessment should be cancelled no later than one (1) year from 13 November 2012.
ARTICLE 4 - Authorize the Central Bank of the Argentine Republic as depositary and agent of the country to the international financial institutions, to make on behalf of and on behalf of the Argentine Republic the contributions and subscriptions established by this law.
ARTICLE 5 — In order to address the emerging commitments in this Act, the Central Bank of the Argentine Republic shall have the corresponding counterpart funds to be provided by the Ministry of Public Economy and Finance Ministry of Finance, upon the inclusion of such an erogation in the General Budget Law of the National Administration in the relevant periods.
ARTICLE 6 - Contact the national executive branch.
IN THE SESSION OF THE ARGENTINE CONGRESS, IN GOOD AIRES, TO THE DECEMBER DAYS OF THE YEAR DOS MIL CATORCE.
— REGISTRATION BAJO #27,083 —
JULIAN A. DOMÍNGUEZ. - JUAN C. MARINO. - Lucas Chedrese. — Juan H. Estrada.
NOTE: The Annex/s that integrate/n this(a) Law is published in the web edition of BORA —www.boletinoficial.gov.ar — and can also be consulted at the Central Headquarters of this National Directorate (Suipacha 767 - Autonomous City of Buenos Aires).
(Note Infoleg:The annex referred to in this rule has been extracted from the Official Gazette web edition. The following link can be found: Annexes) 
