Read the untranslated law here: https://www.boletinoficial.gob.ar/#!DetalleNorma/11512058/20161117
Corporation inter-American of Investment Corporation inter-American under investment law 27303 approved contribution.
The Senate and Chamber of deputies of the Argentina nation gathered in Congress, etc. sanctioned with force of law: article 1 - approval of the contribution of the Republic of Argentina to the capital increase of the Inter-American Investment Corporation (IIC) in the sum of one hundred fifty million two hundred fifty thousand six hundred fifty-eight dollars with twenty cent (u$ s 150.250.658,20), aimed to increase the capital together other countries members, by the sum total of two thousand and thirty million dollars (u$ s 2.030.000.000,00) pursuant to resolution AG-9 / 15 and IIC/AG-2/15 called "Performing la Vision renewed: proposal organizational and of capitalization for the Fusion towards outside of the Sector private of the of the IDB group", adopted by the annual Assembly of Governors dated March 12, 2015, as also in accordance with the so-called IIC/AB-1,431-1 document "reallocation proposal for shares not subscribed for the annex to" , whose copies authenticated form part of the present law as annex I.
Article 2 °-the quoted increase will be represented by the subscription of nine thousand two hundred eighty and seven (9.287) shares, subscribed in two (2) instances, subscription initial and later actions remnants that were released of others countries members, both processes established in the resolution AG-9 / 15 and IIC / AG-2 / 15; and the IIC/AB-1,431-1 document.
Article 3 °-the payment of them nine thousand two hundred eighty and seven (9.287) actions by a value total of dollars U.S. cent fifty million two hundred fifty thousand six hundred fifty and eight with twenty cents (u$ s 150.250.658,20) will be carried out in seven (7) fees annual that will be effective, respectively, them days 31 of October of 2016 to 2022, according to it established in the Appendix I of the annex to of the resolution AG-9 / 15 and IIC / AG-2 / 15 and taking in has that actions that are not paid on the due date will be adjusted at a five percent (5%) extra for each year of delay, with the exception of the first year of the first instalment.
Article 4 ° - authorized the Central Bank of the Republic of Argentina 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 make facing them payments emerging of the present law, the Bank Central of the Republic Argentina must count with them corresponding contributions of counterpart that will be provided by the Secretariat of Hacienda of the Ministry of Hacienda and finance public, prior https://www.boletinoficial.gob.ar/pdf/linkQR/dFlRa3J4SlhpU0pycmZ0RFhoUThyQT09 inclusion of such delivery in it law of budget general of it administration national for them exercises relevant.
Article 6 ° - contact the national executive power.
GIVEN IN THE HALL OF SESSIONS OF THE CONGRESS ARGENTINE, IN BUENOS AIRES, TO THE NINETEEN DAYS OF THE MONTH OF OCTOBER OF THE YEAR TWO THOUSAND SIXTEEN.
-REGISTERED UNDER NO. 27303 - EMILIO MONZO. -JUAN C. MARINO. -Eugenio Inchausti. -John p. Tunessi.
Note: The / annex/s that integrates / n this (a) law are published in the web edition of the BORA - www.boletinoficial.gob.ar - and may also be consulted at the Head Office of this National Directorate (Suipacha 767 - Ciudad Autónoma de Buenos Aires).
Publication date: 11-04-2016 https://www.boletinoficial.gob.ar/pdf/linkQR/dFlRa3J4SlhpU0pycmZ0RFhoUThyQT09
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