Board Of Governors. Approving Resolutions.

Original Language Title: Junta de Gobernadores. Apruébanse Resoluciones.

Read the untranslated law here: https://www.boletinoficial.gob.ar/#!DetalleNorma/10749687/20160703

Bank international reconstruction and Development Bank international reconstruction and development law 27152 Board of Governors. Approving resolutions. Sanctioned: 10 June 2015 promulgated: 17 June 2015 the Senate and Chamber of deputies of the Argentina nation gathered in Congress, etc. sanctioned with force of law: article 1 - adopted by resolution No. 612 dated March 16, 2011 of the Board of Governors of the Bank International for reconstruction and development (IBRD) called: 'Increase selective of the Capital Social authorized 2010 to enhance the voice and participation of developing and transition countries', authenticated copy is part of the present law as annex I , in regards to the Argentina Republic to sign two thousand six hundred forty-three (2.643) mentioned Bank shares and to the International Bank for reconstruction and development (IBRD) to pay the sum of three hundred eighteen million eight hundred thirty-eight thousand three hundred five dollars (U$ S 318.838.305) of which the ninety-four percent (94%) equals US dollars two hundred and ninety nine million seven hundred eight thousand-six seventy cents (U$ S 299.708.006,70) correspond to the callable capital and six percent (6%) remaining is divided into a zero eat six per cent (0.6%) of capital to be paid in U.S. dollars, equivalent to the sum of us $ one million nine hundred thirteen thousand twenty-nine eighty-three cents (U$ S 1.913.029,83) and a five eat four percent (5.4%) of the paid-in capital in any other freely convertible currency equivalent to us $ seventeen million two hundred Seventeen thousand two hundred sixty-eight with forty-seven cents (U$ S 17.217.268,47). Payment can be made in four (4) years from the date of adoption of resolution N ° 612/11 to sign the actions assigned to it, considering the possibility to proceed with a possible extension for a period of up to twenty-four (24) months after the initial four (4) years. Any extension corresponding to the first twelve (12) months shall be approved by the Administration, while any extension beyond the first twelve (12) months will have to be approved by the Executive Directors of the Bank.
Article 2 - adopted by resolution No. 613 dated March 16, 2011 of the Board of Governors of the Bank International for reconstruction and development (IBRD) called: 'General Capital increase of 2010', a certified copy of which is attached to this law as annex II, with respect to the Republic Argentina signed five thousand five hundred sixty-four (5.564) shares which is equal to the sum of six hundred seventy-one million US dollars two hundred thirteen thousand one hundred and forty (U$ S 671.213.140) of which the ninety-four percent (94%) which equals six hundred thirty million nine hundred forty thousand U.S. dollars https://www.boletinoficial.gob.ar/pdf/linkQR/SzJjNlhhcGhveHBycmZ0RFhoUThyQT09 three hundred and fifty-one sixty cents (U$ S 630.940.351,60) corresponds to the callable capital and six percent (6%) remaining, at the same time is divided into a zero eat six per cent (0.6%) of capital to pay equivalent to the sum of us $ four million twenty-seven thousand two hundred and seventy-eight with eighty-four cents (U$ S 4.027.278,84) and a five eat four percent (5.4%) paid-in capital in any other currency of free convertibility equivalent to the sum of us $ thirty-six million two hundred forty and five thousand five hundred nine fifty-six cents (U$ S 36.245.509,56). The payment can be made in five (5) years from the date of adoption of this resolution N ° 613/11 to sign the actions assigned to it, considering the possibility to proceed with a possible extension for a period of up to twenty-four (24) months after the initial five (5) years. Any extension corresponding to the first twelve (12) months shall be approved by the Administration, while all extended beyond the first twelve (12) months will have to be approved by the Executive Directors of the Bank.
Article 3 - adopted by resolution No. 614 dated March 16, 2011 of the Board of Governors of the Bank International for reconstruction and development (IBRD) called: 'Additional increase of authorized Capital for 2010 membership subscriptions', a certified copy of which is attached to this law as annex III.
Article 4 - adopted by resolution No. 256/12 of the Board of Governors of the Corporation Finance International (CFI) called: 'Amendment of the articles of agreement and selective increase of the 2010 Capital', a certified copy of which is attached to this law as annex IV; in regards to the Argentina Republic subscribes four thousand two hundred seventy-six (4,276) shares which is equal to the sum of four million two hundred seventy-six thousand US dollars (U$ S 4.276.000) to pay in US dollars or through the issue of promissory notes expressed in the same currency. Payment can be made before the third anniversary of the effective date of the increase of authorized capital of the Finance Corporation International (CFI) paying all of the subscribed shares or by setting a schedule of annual payments.
Article 5 - approved cancellation of the replenishments seventh, eighth, ninth, twelfth, thirteenth, fourteenth, fifteenth and the initiative for Multilateral debt relief, earrings in the International Development Association (IDA) by which the Republic Argentina will sign a total of one hundred fifty and two thousand four hundred sixty-three (152.463) shares, amounting to a total amount of three million eight hundred eleven thousand five hundred thirty eight U.S. dollars (U$ S 3.811.538) , according to the statement in note No. 140 date 1 ° October 2010 of the Ministry of economy and public finances, whose certified copy attached to this law as annex V, to be paid through promissory notes in three (3) installments of which the first fee shall be paid to the thirty-one (31) days after paid instalments the instrument and will be equal to the sum of three million one hundred ninety-eight thousand five hundred US dollars fifty-four (U$ S 3.198.554); the second installment will be paid with date of January 15, 2016 and will be equal to the sum of three hundred six thousand four hundred and ninety-two dollars (U$ S 306.492) and the third fee payable dated January 15, 2026 will be equivalent to the sum of three hundred six thousand four hundred and ninety-two dollars (U$ S 306.492).
Article 6 - Apruebase as provided by resolution No. 227 dated April 26, 2011 of the Board of Governors of the International Development Association (IDA) called: ' increase in resources: sixteenth replacement ' by which the Republic Argentina pledged to contribute https://www.boletinoficial.gob.ar/pdf/linkQR/SzJjNlhhcGhveHBycmZ0RFhoUThyQT09 sixty-seven million six hundred thousand US dollars (U$ S 67.600.000) making payments through promissory notes in three (3) fees payable within a period of nine (9) years to run between 2012 and 2020, a certified copy of which is attached to this law as annex VI.
The Central Bank of the Argentina Republic, article 7 ° - authorized to carry out in the name and on behalf of the Republic Argentina contributions and subscriptions set forth by this law.
Article 8 ° - in order to cope with the emerging payments of this law, the Central Bank of the Republic of Argentina, must have the corresponding contributions of consideration to be provided by the Treasury's Secretary of economy and finance, after inclusion of this delivery in the General budget of the National Administration Act for the relevant exercises.
Article 9 ° - contact the national executive power.
GIVEN IN THE CHAMBER OF THE CONGRESO ARGENTINO, BUENOS AIRES, ON THE TENTH DAY OF THE MONTH OF JUNE OF THE YEAR TWO THOUSAND AND FIFTEEN.
-REGISTERED UNDER NO. 27152 - AMADO BOUDOU. -JULIAN A. DOMINGUEZ. -John H. Estrada. -Lucas Chedrese.
Note: The / annex/s that integrates / n this (a) law are published in the web edition of the BORA - www.boletinoficial.gov.ar - and may also be consulted at the Head Office of this National Directorate (Suipacha 767 - Ciudad Autónoma de Buenos Aires).

Date of publication: 24/06/2015 https://www.boletinoficial.gob.ar/pdf/linkQR/SzJjNlhhcGhveHBycmZ0RFhoUThyQT09