Agreement Establishing The Central American Bank Of Economic Integration. Approving Modifications.

Original Language Title: Convenio Constitutivo del Banco Centroamericano de Integración Económica. Apruébanse modificaciones.

Read the untranslated law here:!DetalleNorma/10648265/20160703

AGREEMENTS agreements law 27.083 Convention establishing of the Bank Central American economic integration. Approving modifications. Adopted: 16 December 2014 promulgated: 27 January 2015 the Senate and Chamber of deputies of the Argentina nation gathered in Congress, etc. they attest to the force of law: article 1 - approving amendments to the articles of agreement of the Central American Bank of economic integration (BCIE), contained in resolution N ° AG-7/2009, authenticated copy is an integral part of the present law as annex I. Under such reforms amending articles 4 °, 5 °, 6 ° and 35 of the Convention, including the increase of the authorized capital of the Central American Bank of economic integration (BCIE) of us $ 2 billion (U$ S 2,000,000,000), which leads to a new authorized capital corresponding to the sum of five billion US dollars (U$ S 5,000,000,000) article 2 ° - approved the subscription of eight thousand six hundred forty (8.640) series B shares equivalent to eighty-six million four hundred thousand US dollars (U$ S 86.400.000), which correspond to the Republic of Argentina in the approved capital increase.
Article 3 - the aforementioned subscription is divided by seventy-five percent (75%) of callable capital that equals the sum of sixty-four million eight hundred thousand US dollars (U$ S 64.800.000) and twenty-five percent (25%) of the paid-in capital amounting to the sum of twenty-one million six hundred thousand US dollars (U$ S 21.600.000). Such portion of paid-in capital will be cancelled in the following way: to) with certificate E series, the sum of fourteen million eight hundred nineteen thousand two hundred thirty-six US dollars 13 cents (U$ S 14.819.236,13); and (B) in cash, the sum of us $ six million seven hundred eighty thousand seven hundred sixty-three eighty-seven cents (U$ S 6.780.763,87), which shall be paid by the Republic Argentina through four (4) annual, equal and consecutive installments each in the amount of USD one million six hundred ninety and five thousand one hundred ninety with ninety -seven cents (U$ S 1.695.190,97). The first of these quotas shall be cancelled more take within one (1) year from the November 13, 2012.
Article 4 ° - authorized the Bank Central of the Republic Argentina as a depository and agent of the country to the international financial institutions, to carry out in the name and on behalf of the Republic Argentina contributions and subscriptions set forth by this law. article 5 ° - in order to cope with the emerging commitments under this Act, the Central Bank of the Republic of Argentina must have the corresponding matching funds that must be provided by the Treasury's Secretary of economy and finance, after inclusion of the delivery in the General budget of the National Administration Act in relevant exercises.
Article 6 ° - contact the national executive power.
-REGISTERED UNDER NO. 27.083 - JULIAN A. DOMINGUEZ. -JUAN C. MARINO. -Lucas Chedrese. -John H. Estrada.
Note: The / annex/s that integrates / n this (a) law are published in the web edition of the BORA - - and may also be consulted at the Head Office of this National Directorate (Suipacha 767 - Ciudad Autónoma de Buenos Aires).

Date of publication: 10/02/2015