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Ratify Are Amendments To The Convention Establishing Of The Fund Money International.

Original Language Title: RATIFÍQUENSE ENMIENDAS AL CONVENIO CONSTITUTIVO DEL FONDO MONETARIO INTERNACIONAL.

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1 index Legislative Decree N 979 the Legislative Assembly of the Republic of EL SALVADOR, considering: I.-who dated July 22, 1944, held the agreement establishing of the International Monetary Fund, which was signed by El Salvador and ratified through Decree legislative number 276, of date on December 19, 1945, published in the Official Journal No. 284 I take no. 139, on December 27, 1945.
II.-that the IMF Executive Board international submitted to the Board of Governors of this institution in the year 2008, two proposals for amendment of the agreement establishing of the International Monetary Fund, of which our country is a member, which were approved by the Board referred to in the resolutions we. 63-2 and 63-3, taken in its order dated 28 April and 5 may of the year concerned.
III.-that the resolution No. 63-2 is refers to "reform of the regime of quotas and representation in the Fund monetary international" and the resolution not. 63-3 is refers to "proposed of amendment of the Convention establishing of the Fund monetary international to expand them faculties of investment of the Fund monetary international".
IV.-that the directory Executive of the Fund monetary international, in the year 2010, submitted to knowledge of the Board of Governors of such institution it proposed of amendment to the Convention establishing of the referred Fund, reference to the "fourteenth review General of quotas and reform of the directory Executive", which was approved by the Board of Governors in resolution not. 66-2.
V.-that in accordance with article XII, literal to) and e) of the IMF articles of agreement international, States that the Board of Governors shall be formed by an incumbent Governor and an alternate appointed by each member country in the form determined by this. The Governors holders and the alternate play their charges until is make a new appointment. The alternate not can vote but in absence of the titular corresponding; Each Governor shall have right to issue the number of votes assigned, of compliance with the section 5 of that article, to the country Member that it has named.
VI.-the Ministry of finance, through their respective Ministers and in turn, acting as Governor owner before the International Monetary Fund, the State of El Salvador, issued the favorable votes to resolutions 63-2 and 63-3, in their order, "Reform of the regime of quotas and representation in the Fund monetary international" and 2 concerning legislative index "proposal of amendment to the statutes of the International Monetary Fund to expand the authority Investment of the Fund money international", as well as the resolution 66-2, relating to the"reform of the directory Executive of the Fund and to the fourteenth General review of quotas".
VII.-that the above-mentioned amendments do not contain any provisions to the contrary to the Constitution of the Republic, or secondary laws in the Republic and in accordance with provisions of article 131, paragraph 7 of the Constitution of the Republic.
Therefore, use of his constitutional powers and at the initiative of the President of the Republic, through the Deputy Minister of finance, in charge of the firm.
DECREES the following: ratification to the amendments to the articles of agreement of the Fund money international article 1.-Ratificanse all over amendments to the agreement establishing of the International Monetary Fund, regarding a: i) "Reform of the regime of quotas and representation in the Fund monetary international", "ii) proposal of amendment of the Convention articles the Fund monetary international for expand las powers of investment the Fund monetary international" (, and iii) "Fourteenth review General of quotas and reform of the Executive Board", which have been approved by the votes cast, in turn, by the Ministers of finance, in his capacity of Governors owners before the International Monetary Fund, the State of El Salvador.
Article 2.-this Decree shall enter into force eight days after its publication in the official journal.
GIVEN in the blue room of the Legislative Palace: San Salvador, eleven days after the month of January of the year two thousand twelve.
OTHON SIGFRIDO REYES MORALES, PRESIDENT.
CIRO CRUZ ZEPEDA PENA, GUILLERMO ANTONIO GALLEGOS NAVARRETE, SENIOR VICE PRESIDENT. SECOND VICE PRESIDENT.
JOSE FRANCISCO MERINO LÓPEZ, ALBERTO ARMANDO ROMERO RODRIGUEZ, THIRD VICE PRESIDENT. FOURTH VICE PRESIDENT.
FRANCISCO ROBERTO LORENZANA DURAN, FIFTH VICE PRESIDENT.

3 LEGISLATIVE INDEX LORENA GUADALUPE PENA MENDOZA, CÉSAR HUMBERTO GARCIA AGUILERA FIRST SECRETARY. SECOND SECRETARY.
ELIZARDO GONZÁLEZ LOVO, ROBERTO JOSÉ d'AUBUISSON, Third Secretary. FOURTH SECRETARY.
IRMA LOURDES PALACES VASQUEZ, FIFTH SECRETARY. SIXTH SECRETARIAT.
MARIO ALBERTO TENORIO GUERRERO, SEVENTH SECRETARY.
House presidential: San Salvador, to the twenty-five days of the month of January of the year two thousand twelve.
PUBLISHED, CARLOS MAURICIO FUNES CARTAGENA, PRESIDENT OF THE REPUBLIC.
JUAN RAMON CARLOS ENRIQUE CACERES CHAVEZ, MINISTER OF FINANCE.
D. OR. No. 18 volume no. 394 date: January 27, 2012 JCH/geg 16-02-2012