1631 OF 2013

(May 27)

Official Journal No. 48,803 of 27 May 2013

CONGRESS OF THE REPUBLIC

By means of which the "Proposed Amendment to the International Monetary Fund's Constitutive Convention on the Reform of the Executive Board" (Seventh Amendment), approved by the Board of Governors of the Fund, is approved. International Monetary Fund (IMF) by Resolution number 66-2 of 15 December 2010.

THE CONGRESS OF THE REPUBLIC

Having regard to the text of the "Amendment Proposal of the International Monetary Fund's Constitutive Convention on the Reform of the Executive Board" (Seventh Amendment), approved by the Board of Governors of the Monetary Fund International (IMF) by Resolution number 66-2 of 15 December 2010.

(To be transcribed: A faithful and complete photocopy of the Convention and Protocol certified by the Coordinator of the Internal Working Group of the Treaty of Treaties of the Ministry of International Legal Affairs of the Ministry Foreign Relations, a document that is based on the files of that Ministry.

REPUBLIC OF COLOMBIA

FOREIGN MINISTRY

EXECUTIVE BRANCH OF PUBLIC POWER

PRESIDENCY OF THE REPUBLIC

Bogotá, D. C.

"Proposed Amendment to the International Monetary Fund's Constitutive Convention on the Reform of the Executive Board" (Seventh Amendment), approved by the Board of Governors of the International Monetary Fund (IMF) through the Resolution Number 66-2 of 15 December 2010.

AUTHORIZED

Sometase a consideration of the Congress of the Republic for the constitutional effects.

JUAN MANUEL SANTOS CALDERÓN

The Foreign Minister,

MARIA ANGELA HOLGUIN HANG.

Annex II

Proposed Amendment to the International Monetary Fund's Constitutive Convention on the Reform of the Executive Board

Governments on whose behalf the present Convention is signed agree to the following:

1. The text of Article XII, Section 3 (b) shall be amended to read:

"(b) Subject to (c) below, the Executive Board shall consist of 20 Executive Directors elected by the members, and the Executive Director shall be the President."

2. The text of Section 3 (c) of Article XII shall be amended to read:

"(c) For purposes of each ordinary election of Executive Directors, the Board of Governors may, by a majority of 85% of the total voting power, increase or reduce the number of Executive Directors indicated. in (b) above ".

3. The text of Section 3 (d) of Article XII shall be amended to read:

" (d) The Executive Directors ' elections will take place at two-year intervals in accordance with the regulations adopted by the Board of Governors. The regulation shall include a limit on the total number of votes more than one member may issue for the same candidate. "

4. The text of Section 3 (f) of Article XII shall be amended to read:

'' (f) The Executive Directors will remain in office until their successors are elected. If the office of an Executive Director becomes vacant for more than 90 days before the end of its term, the members who elected the former Executive Director shall elect another Executive Director. A majority of the votes cast will be required for the election. For as long as the position remains vacant, the Substitute of the former Executive Director shall exercise the Faculties of the former Executive Director, except for the appointment of a Substitute. "

5. The text of Section 3 (i) of Article XII shall be amended to read:

" (i) (i) Each Executive Director may issue the number of votes counted for his/her choice.

(ii) When the provisions of Section 5 (b) of this article apply, votes that an Executive Director would otherwise have the right to issue shall be increased or decreased accordingly. All votes that an Executive Director has the right to issue shall be issued as a unit.

(iii) When the suspension of the voting rights of a member is terminated in accordance with Section 2 (b) of Article XXVI, the member may agree with all members who have elected an Executive Director. the number of votes assigned to that member shall be issued by that Executive Director, taking into account that, if no ordinary election of Executive Directors has been made during the period of the suspension, the Executive Director in whose the choice has been made by the member before the suspension, or his chosen successor according to the paragraph 3(c)(i) of the above Annex L or (f) , you have the right to issue the number of votes assigned to the member. The member shall be deemed to have participated in the election of the Executive Director with the right to issue the number of votes assigned to the member. "

6. The text of Section 3 (j) of Article XII shall be amended to read:

" (j) The Board of Governors shall adopt the regulation under which a member may send a representative to attend any meeting of the Executive Board when an application is made by that member, or a subject that affects in particular the same subject ".

7. The text of Section 8 of Article XII shall be amended to read:

" The Fund shall have at all times the right to communicate its views informally to any member on any matter arising under this Convention. By a majority of 70% of the total voting power, the Fund may decide to publish a report to an integral with respect to its monetary or economic conditions and events which directly tend to produce a serious imbalance in the balance of international payments of the members. The respective member shall be entitled to representation in accordance with Section 3(j) of this article. The Fund will not publish a report that has to do with changes in the fundamental structure of the economic organization of the members.

8. The text of Article XXI (a) (ii) shall be amended to read:

" (a) (ii) For decisions of the Executive Board on matters that exclusively relate to the Special Drawing Rights Department, only Executive Directors elected by at least one member of the Board of Directors Participants shall have the right to vote. Each of these Executive Directors may issue the number of votes assigned to participants whose votes have counted for their election. Only the presence of the Executive Directors elected by the members who are participants and the votes assigned to the members who are participants will be valid for the purposes of determining if there is a quorum or if a decision is taken by the required majority ".

9. The text of Article XXIX (a) shall be amended to read:

" (a) Any matter of interpretation of the provisions of this Convention arising out of any member of the Fund or any of the members of the Fund shall be submitted to the Executive Board for its decision. If the matter concerns in particular any member, it shall be entitled to representation in accordance with Section 3 (j) of Article XII.

10. The text of paragraph 1 (a) of Schedule D shall be amended to read as follows:

" (a) Each member or group of members who has the number of votes assigned to him or them issued by an Executive Director shall appoint a Counsellor to the Council who shall be a Governor, Minister in the government of a member, or a person of comparable hierarchy, and may appoint no more than seven associates. By a majority of 85% of all possible votes, the Board of Governors may change the number of Associates that may be appointed, a Counselor or Associate will act in their position until a new appointment is made or until the next appointment. The ordinary election of Executive Directors, what happens first.

11. The text of paragraph 5 (e) of Annex D shall be deleted.

12. Paragraph 50 (f) of Annex D shall be renumbered by 5 (e) of Annex D, and the text of the new paragraph 5 (e) shall be amended to read:

"(e) When an Executive Director has the right to issue the number of votes assigned to an integral in accordance with Section 3 (i) (iii) of Article XII, the counselor named by the group whose Members of the Executive Director shall have the right to vote and shall issue the number of votes assigned to that member. The member shall be deemed to have participated in the appointment of the right-to-vote counsellor and shall issue the number of votes assigned to that member. "

13. The text of Annex E shall be amended to read:

" Transitional provisions with respect to Executive Directors.

1. When this Annex enters into force:

(a) Each Executive Director who has been appointed in accordance with Sections 3 (b) (i) or 3 (c) prior to item XII and who has held the position immediately before that this Annex enters into force, shall be deemed to have been chosen by the member who appointed it; and

(b) Each Executive Director who issues the number of votes of an integral in accordance with Section 3(i)(ii) of Article XII immediately before this Annex enters into force, consider that you have been chosen by that member. "

14. The text of paragraph 1 (b) of Annex L shall be amended to read:

"(b) appoint a Governor or a Substitute Governor, appoint or participate in the appointment of a Alternate Counselor or Counselor, or elect or participate in the election of an Executive Director."

15. The text of the heading of paragraph 3 (c) of Annex L shall be amended to read:

" (c) The Executive Director elected by the member, or in whose election the member has participated, shall cease to hold the office, unless that Executive Director has been entitled to issue the number of votes assigned to him. other members whose voting rights have not been suspended. In the last case ".

Resolution 66-2, effective December 15, 2010.

The undersigned Coordinator of the Internal Law Working Group of the International Legal Affairs Directorate of the Ministry of Foreign Affairs of the Republic of Colombia

CERTIFIES:

That the reproduction of the text above is a faithful and complete copy of the official translation of the copy certified by the International Monetary Fund of the Proposal for amendment of the Convention Establishing the International Monetary Fund on the Reform of the Executive (Seventh Amendment), approved by the Board of Governors of the International Monetary Fund (IMF) by Resolution number 66-2 of 15 December 2010, a document that is based on the file of the Internal Working Group on the Treaties of the International Legal Affairs of this Ministry.

Dada in Bogotá, D. C., at twenty-six (26) days of the month of June of two thousand twelve (2012).

The Coordinator of the Terno Working Group of Treaties Directorate of International Legal Affairs,

ALEJANDRA VALENCIA GARTNER.

EXECUTIVE BRANCH OF PUBLIC POWER

PRESIDENCY OF THE REPUBLIC

Bogotá, D. C., May 2, 2012.

Authorized. Submit to the consideration of the honorable Congress of the Republic for the constitutional effects.

(Fdo.) JUAN MANUEL SANTOS CALDERÓN

The Foreign Minister,

(Fdo.) Maria Angela Holguin Cuellar.

DECRETA:

Article 1o. Approve the Proposal for an amendment to the International Monetary Fund's Constitutive Convention on the Reform of the Executive Board (Seventh Amendment), approved by the Board of Governors of the Monetary Fund. International (IMF) by Resolution number 66-2 of 15 December 2010.

Article 2o. In accordance with the provisions of Article 1 of the 7th Act of 1944, the Proposal for an amendment to the International Monetary Fund's Constitutive Convention on the Reform of the Executive Board (Seventh Amendment), approved by the Board of Governors of the International Monetary Fund (IMF) by Resolution number 66-2 of December 15, 2010, which by the first article of this law is approved, will force the Colombian State from the date on to improve the international link with respect to the same.

Article 3o. This law governs from the date of its publication.

Dada en Bogotá, D. C., a los

Presented to the honorable Congress of the Republic by the Minister of Foreign Affairs and the Minister of Finance and Public Credit.

The Minister of International Relations,

MARIA ANGELA HOLGUIN HANG.

The Minister of Finance and Public Credit,

JUAN CARLOS ECHEVERRY GARZON.

ACT 424 OF 1998

(January 13)

by which the follow-up to the international conventions signed by Colombia is ordered.

The Congress of Colombia

DECRETA:

Article 1o. The National Government through the Foreign Ministry will submit annually to the Senate and Senate Foreign Relations Committees, and within the first thirty days of the legislative period, which begins every 20 years. July, a detailed report on how the existing international conventions signed by Colombia with other States are being complied with and developed.

Article 2o. Each dependency of the national government responsible for implementing the International Treaties of its competence and requiring reciprocity in them, will transfer the relevant information to the Ministry of Foreign Affairs and the latter to the Commissions. Second.

Article 3o. The full text of this law will be incorporated as an annex to each and every International Convention that the Ministry of Foreign Affairs presents to the Congress.

Article 4o. This law governs from its enactment.

The President of the honorable Senate of the Republic,

Amylkar Acosta.

The Secretary General of the honorable Senate of the Republic,

Pedro Pumarejo.

The President of the honorable House of Representatives,

Carlos Ardila B.

The Secretary General of the honorable House of Representatives,

Diego Vives.

COLOMBIA-NATIONAL GOVERNMENT

Publish and execute.

Dada en Santa Fe de Bogota, D. C., on January 13, 1998.

ERNESTO SAMPER PIZANO

The Foreign Minister,

Maria Emma Mejia.

EXECUTIVE BRANCH OF PUBLIC POWER

PRESIDENCY OF THE REPUBLIC

Bogotá, D. C., May 2, 2012.

Authorized. Submit to the consideration of the honorable Congress of the Republic for the constitutional effects.

(Fdo.) JUAN MANUEL SANTOS CALDERÓN

The Foreign Minister,

(Fdo.) Maria Angela Holguin Cuellar,

DECRETA:

ARTICLE 1o. Approve the "Proposed Amendment to the International Monetary Fund's Constitutive Convention on the Reform of the Executive Board" (Seventh Amendment), approved by the Board of Governors of the International Monetary Fund. International Monetary Fund (IMF) by Resolution number 66-2 of 15 December 2010.

ARTICLE 2o. In accordance with the provisions of Article 1 of Law 7ª of 1944, the "Proposal for an amendment to the International Monetary Fund's Constitutive Convention on the Reform of the Executive Board" (Seventh Amendment), approved by the Board of Governors of the International Monetary Fund (IMF) by Resolution number 66-2 of December 15, 2010, which is approved by the first article of this law, will force the Colombian State from the date on which the international link with respect to the link is improved.

ARTICLE 3o. This law governs from the date of its publication.

The President of the honorable Senate of the Republic,

ROY MONTEALEGRE BARRIERS.

The Secretary General of the honorable Senate of the Republic,

GREGORIO ELJACH PACHECO.

The President of the honorable House of Representatives,

AUGUSTO POSADA SANCHEZ.

The Secretary General of the honorable House of Representatives,

JORGE HUMBERTO MANTILLA SERRANO.

COLOMBIA-NATIONAL GOVERNMENT

Communicate and comply.

Execute, upon revision of the Constitutional Court, pursuant to article 241-10 of the Political Constitution.

Dada in Bogotá, D. C., on May 27, 2013.

JUAN MANUEL SANTOS CALDERÓN

The Foreign Minister,

MARIA ANGELA HOLGUIN HANG.

The Minister of Finance and Public Credit,

MAURICIO CÁRDENAS SANTAMARIA.