JOHN CARLOS I

KING OF SPAIN

To all who present it and understand,

Sabed: That the General Courts have approved and I come to sanction the following Law:

Article first.

The Government is authorized to take all appropriate measures to ensure that Spain participates in the Seventh Extension of Resources of the International Development Association under the conditions laid down in Resolution 132 of its The Board of Governors dated August 6, 1984, which is published as annexed to this Law.

Article 2.

In accordance with the provisions of this Resolution, Spain is authorized to make a new contribution to the International Development Association for the amount of pesetas 6,196,330,000.

Third item.

The Bank of Spain is authorized, in accordance with the functions assigned to it by the provisions in force, to apply freely convertible the pesetas necessary for the payment of the aforementioned contribution. The Banco de España may issue notes or other similar securities to the view, which are non-negotiable or interest-bearing, in place of the immediate payment of each share of that contribution.

ADDITIONAL PROVISIONS

First.

The Ministries of Economy and Finance and Foreign Affairs are empowered to take all measures necessary for the implementation of this Law.

Second.

This Law will enter into force the day after its publication in the "Official State Gazette".

Therefore,

I command all Spaniards, individuals and authorities to keep and keep this Law.

Palacio de la Zarzuela, Madrid, 25 May 1985.

JOHN CARLOS R.

The President of the Government,

FELIPE GONZÁLEZ MARQUEZ

RESOLUTION NUMBER 132

Increase of resources: Seventh replenishment

SECTION A

Introduction

1. Considering:

(a) The Executive Directors of the International Development Association (the "Association") have examined the probable financial needs of the Association and have concluded that resources should be provided (a) additional commitments for new commitments during the period from 1 July 1984 to 30 June 1987, in the amounts and conditions described in the report of the Executive Directors dated 24 May 1984, presented to the Board of Governors.

b) That the Member States of Part I and some of Part II of the Association consider that it is necessary to increase the resources of the Association, that the amounts and conditions described in this resolution constitute an appropriate basis for recommendation to their legislatures and therefore intend to request, in cases where necessary, that their legislatures approve these arrangements with a view to obtaining approval to commit the amounts listed in the Table annexed to this Resolution, in the understanding that no member government may contract any commitment until it has received, in cases where this is necessary, the approval of its legislature, and

c) That in view of the resource needs of the least developed developing countries and other of the poorest, member countries have recognized the desirability of obtaining additional resources that would be provided in the quality of additional voluntary contributions; these would be accepted by the Association under conditions which would be agreed with the members providing them.

2. Therefore, the Board of Governors hereby resolves to accept the cited Executive Directors ' Report and to adopt its conclusions.

SECTION B

Definitions

3. The Board of Governors hereby resolves that, for the purposes of this Resolution, the following terms have the following meanings:

a) "Partnership" means the International Development Association.

b) "Seventh replenishment" and "Replenishment" mean the replenishment of the Association's resources authorized by this resolution.

c) "Sixth replenishment" means the replenishment of the Association's resources authorized by Resolution number 117 of the Board of Governors of the Association, adopted on March 26, 1980.

(d) "Special contributions to the 1984 financial year" means the resources authorized for acceptance by the Association in accordance with Section D of the Resolution No 882-6 of the Executive Directors of the Partnership, adopted on 26 October 1982.

e) "Currency of free convertibility" has the meaning in Section 2, (f), of Article II of the Constitution of the Association.

(f) "Instrument for Commitment" means an official notification from a member to the Association that such member shall pay, in accordance with the terms and conditions of this Resolution, the total amount of his subscription and contribution specified in the table attached to this Resolution.

g) "Conditional instrument of commitment" means an instrument containing the official notification of a member to the Association that that member shall pay, in accordance with the provisions of this Resolution, a part of its subscription and contribution specified in Table 1 attached to this Resolution without reservation, but that the payment of the remainder of the contribution is subject to obtaining the necessary legislative authorisations. The member who deposits a conditional instrument of commitment undertakes to make all possible efforts to obtain the authorizations in respect of the total amount of his subscription and contribution in three equal shares on October 31, 1984, 31 October 1985 and 31 October 1986 respectively.

h) "Resources in a usable form" means resources provided: (i) In currency of free convertibility, or (ii) in the currency of a member if available to finance acquisitions in the territory of that member; and reasonable expectations that these resources will be fully used for acquisitions in that territory during the period of disbursement of the appropriations made under the replenishment.

i) "Date of entry into force" means the date on which the seventh replenishment will enter into force in accordance with the provisions of Section F of this Resolution.

(j) "Conconstitutive Convention" means the Convention establishing the Association, and

k) "Report" means the Executive Directors ' report dated May 24, 1984 referred to in paragraph 1, (a), of this Resolution.

SECTION C

Additional resources contributed by part I members

4. Considering:

(a) That the resources proposed to be provided by the members of Part I, in accordance with the seventh replenishment, would be partly in the form of subscriptions conferring voting rights and partly in the form of contributions without voting rights.

b) That some members of Part I have made or intend to make contributions to supplement the general resources available for the Association's appropriations by special contributions to the account of the financial year 1984, without exercising the option provided for in paragraph 13 (d), (ii) of Section B of Resolution No 82-6 of the Executive Directors of the Association, and that at the time the arrangements for such contributions were agreed upon, it was envisaged that additional voting rights would be conferred by way of such contributions in the adjustment general of voting rights under the seventh replenishment.

(c) The resources that each member of Part I intends to provide for subscriptions under point (a) "above" and the subscriptions to be granted to the members of Part I referred to in point (b) "above" For the purposes of this Regulation, the Commission shall, in accordance with the provisions of this Article, make it necessary to take account of the fact that the Member States are not responsible for the application of the provisions of this Regulation. the votes allocated on the basis of accession), in such a way as to correspond to the relative share of the total amount of the resources (including special contributions to the account for the financial year 1984 referred to in point (b) above) that the member has provided and proposes to provide to the Association on the basis of the report, and

d) That each member of the Association's part I has accepted the above arrangements, in so far as their acceptance of such arrangements is required, as laid down in Section I, c), of Article III of the Convention Constitutive of the Association.

5. Therefore, the Board of Governors hereby resolves the following:

(a) The Association is authorised to accept additional resources from its members in Part I in the quantities indicated for each of those members, respectively, in Table 1, dividing those quantities into amounts corresponding to subscriptions which confer voting rights and contributions without voting rights, as specified in Table 2, and to convert part of the special contributions to the account of the financial year 1984 to which it is refers to paragraph 4 (b) above in subscriptions conferring voting rights, such as is indicated in Table 2 attached to this Resolution.

(b) In respect of such subscriptions, each of those members shall have the voting rights specified in that table, calculated on the basis of the report. All of these voting rights will be conferred in the form stipulated in Section I of this Resolution.

(c) The payment of the subscriptions and contributions referred to in paragraph 4 (a) shall be made, with the exceptions set out below, in three equal annual instalments, no later than 30 November 1984, However, it is understood, however, that if the replacement had not entered into force in accordance with the provisions of Section F 'below' on 31 October 1984, the payment of these quotas may be postponed by a maximum of 30 days after the date of entry into force. Each member shall make such payment, at his or her choice, either: (i) In his own currency if he is free-convertibility, or (ii) with the approval of the Association, in the currency of free convertibility of another member.

(d) The Association may accept payment on dates and in amounts other than those specified in (c) above, provided that: (i) No payment of a fee, or part thereof, is deferred for more than one year; and (ii) payment, together with any unused balance of previous payments of that member, be at least equal to the amount that the Association considers it will be necessary for that member to facilitate, until the date of payment of the next quota, for purposes of disbursements by the concept of appropriations made under the seventh replenishment.

e) notwithstanding the above, any member who agrees to make the payment of his subscription and contribution to the seventh replenishment, or any part thereof, without exercising his right to substitute such payment with (a) any such payment may be made in quantities and on dates other than those specified in accordance with (c) and (d) above, provided that the conditions for such payment are not less favourable to it in the Association's judgment; that if they had been deposited in their place of payment and similar obligations, and that the requirement specified in point (d), (ii), above.

(f) The rights and obligations of the Association and members in respect of the subscriptions and contributions authorized under this Resolution shall be the same (except as otherwise provided herein. (a) the provisions of Article 2 (d) of Article II of the Convention on the Rules of the Rules of the European Parliament and of the Council of the European Parliament and of the Council of the European Parliament and of the Council of the European Parliament and of the Council of the European Communities Annex A, except that: (i) They may also be replaced with notes and similar obligations under Section 2 (e) of Article II of the Convention, the subscriptions and contributions of a member payable in a currency other than his own, or (ii) the provision of Section I, (e), of Article IV and the provisions of Section 2 of Article IV of the Constitutive Convention shall not apply to subscriptions and contributions.

g) If a member deposits an instrument of commitment after the date on which the first instalment expires in the form provided for in subparagraph (c) above, including any postponement of the fee, the payment of any fee or of a part thereof, payable by that member to that date in accordance with the provisions of this Resolution, shall be made within a period of 30 days from the date of such deposit. If a conditional instrument of commitment has been deposited and if subsequently a notification of an unconditioned commitment is deposited with respect to a quota or part thereof after the date on which that quota or part thereof is payable in accordance with the provisions of this Resolution, the member concerned shall pay such a fee or part thereof no later than 30 days after the date of such deposit.

SECTION D

Additional resources provided by some Part II members

6. Considering:

(a) That nine members of Part II (Saudi Arabia, Argentina, Brazil, Colombia, Korea, Spain, Greece, Mexico and Yugoslavia) have expressed their intention to seek legislative approval in order to provide additional resources to the Association in a usable form, partly by way of subscriptions conferring voting rights and partly by way of contributions without the right to vote.

b) That some members of Part II have made or intend to make special contributions to supplement the general resources available for the Association's appropriations through special contributions to the exercise of 1984, without exercising the option provided for in paragraph 13, (d), (ii) of Section B, of Resolution No AIF 82-6 of the Executive Directors of the Association, and that at the time the arrangements were agreed for such It was envisaged that additional voting rights would be conferred on the basis of such contributions in the general adjustment of voting rights under the seventh replenishment.

c) With respect to the subscriptions referred to in points (a) and (b) above, the remaining members of Part II have waived their right to subscribe, in accordance with the provisions of Section I, (c) of the Article III, an amount that would allow each of them to maintain their relative position on voting rights.

7. Therefore, the Board of Governors resolves the following:

(a) The Association is authorised to accept additional resources of the members listed in paragraph 6 (a) above, divided into amounts in respect of subscriptions conferring voting rights and contributions which do not confer on them in the form specified in the table annexed to this Resolution and convert part of the special contributions to the account of the 1984 financial year referred to in paragraph 6 (b) above into subscriptions conferring rights as specified in the table attached to this paragraph.

(b) In respect of such subscriptions, each member shall have the voting rights specified in the table above, calculated on the basis of the report. All of these voting rights will be conferred as available in Section I of this Resolution.

(c) The payment of the subscriptions and contributions referred to in paragraph 6 (a) of this Resolution shall be made in usable form, but otherwise shall be made on the same basis, and the rights and obligations of the The association and the member concerned in respect of such subscription and contribution shall be made on the same terms and conditions as those stipulated in Section C of this Resolution with respect to the subscriptions and contributions of the members of the Part I.

SECTION E

Subscriptions of Members of Part II, Section I, c), of Article III

8. Whereas, pursuant to Section C of this Resolution, additional subscriptions are authorized for the members of Part I and therefore, in accordance with the provisions of Section I, c), of Article III of the Convention the Association shall be given to each member of Part II the opportunity to subscribe, under the conditions reasonably determined by the Association, an amount which will enable it to maintain its relative position in the field of voting rights.

9. Therefore, the Board of Governors resolves the following:

(a) The Association is authorised to accept additional subscriptions from its members of Part II in the amounts and with the voting rights specified for each of them in the attached table, calculated on the basis of established in the report. All of these voting rights will be conferred on the provisions of Section I of this Resolution.

b) The payment of each of these subscriptions shall be made in the currency of the member making the subscription, but in all others, in respect of the same terms and conditions as set out in Section C of this Resolution for the subscriptions of the members of Part I.

(c) The rights and obligations of the Association and the members in respect of such subscriptions shall be the same (except as otherwise provided in this Resolution) governing the 90 per 100 portion of the initial subscriptions of the founding members, payable pursuant to Section 2, (d), of Article II of the Convention by the members listed in Part II of Annex A to that Convention, except that the provisions of Section 2 of Article IV of the Constitutive Convention shall not apply to such subscriptions.

SECTION F

Entry into effect

10. The Board of Governors hereby resolves the following:

(a) Except in respect of the subscriptions authorized under this Resolution by way of special contributions to the account of the 1984 financial year, none of the subscriptions or contributions authorized by the This Resolution shall be payable unless the following condition has been met:

A group of members, comprising at least 12 of Part I, whose subscriptions and contributions to the seventh replenishment are as a whole, as determined in the table annexed, at least to the equivalent of 7,200 In the case of the United States of America, the Association of the United States of America, the Association of the United States of America, the United States, the United States, the United States, the United States, the United States, the United States, the United States, the United States, the United States, the United States, the Commitment or a Conditional Instrument of Commitment, which will make the subscription and contribution total to the seventh replenishment authorized by the present for each of them, in accordance with the terms of this Resolution; it is understood, however, that, for the purposes of determining whether the condition stipulated in the present has been met With respect to the total amount of the subscriptions and contributions to the seventh replenishment, any subscriptions and additional contributions authorized by any member of the Association to cover the amount shall also be taken into account remaining unallocated in the attached table, and which, in addition, for the purposes of determining whether the fulfilled the condition stipulated in this paragraph with respect to the amount of the subscriptions and contributions to the seventh replenishment, the contributions of Portugal and Venezuela will be taken into account regardless of whether they have entered or not as members to the Association.

(b) The replacement authorised under this Resolution shall enter into force on the date on which the condition laid down in (a) above has been fulfilled; however, no member shall be obliged to make the subscription and contribution to the seventh replenishment authorised by the present for such a member, or part thereof, unless it has notified the Association, without any condition, that it will do so.

(c) If the condition set out in subparagraph (a) above has not been met by 31 March 1985 at the latest, the Association shall request that the members listed in the table attached to this Resolution meet as soon as possible. possible in order to examine the situation and consider any measures that may be taken to prevent the suspension of the Association's credit operations.

SECTION G

Advance contributions

11. Whereas, in order to avoid an interruption in the capacity of the Association to commit appropriations while the replenishment takes effect, it is appropriate to establish a plan of advance contributions under which a portion of the appropriations Member contributions shall be paid either where the replacement has entered or not in force on the date of such payment:

12. Therefore, the Board of Governors resolves the following:

(a) Subject to the provisions of paragraph (b) below, one third of the total amount of the subscription and contribution of each member for which an official notification has been deposited in the Association in accordance with paragraph 10 (a) of this Resolution shall be considered an advance contribution in advance of the date of entry into force and the Association is authorised to accept such advance contributions regardless of whether the seventh replacement has entered or not in force in accordance with the provisions of Section F of this Resolution.

(b) Each member reserves the right to indicate in such notification that he does not wish a third of his subscription and contribution to be considered as an advance contribution, in which case the provisions of (a) above shall not apply to the subscription and contribution of that member.

(c) The advance contributions authorized under this Resolution shall be paid no later than 30 November 1984 or in the case of advance contributions in respect of which a notification is deposited with after that date, thirty days from the date of the notification, or on another date or later dates agreed between the member and the Association in accordance with the provisions of paragraph 5 (d) and (e) of this Resolution.

(d) Advance contributions authorised under this Resolution, prior to the date of entry into force, shall be considered as contributions that do not confer voting rights and shall apply to such contributions the terms and conditions laid down for the contributions to the seventh replenishment, with the exception of the provisions of Sections H and I of this Resolution and as otherwise specified herein. On the date of entry into force, the payment for such advance contributions shall be deemed to constitute partial payment of the amount owed by each of the members making the contribution in respect of their subscriptions and contributions. under the seventh replenishment.

e) None of the advance contributions authorized under this Resolution shall be payable until the following condition has been fulfilled, namely that a number of members has given the Association official notification of pursuant to paragraph 10 (a) of this Resolution that they shall make the subscription and contribution authorized under this Resolution in respect of one of them for a total amount not less than the equivalent of $2.7 billion uses, which will be determined in the form set out in the table attached to this Resolution.

(f) Any member may notify the Association that its advance contribution shall not be subject to the condition set out in the preceding subparagraph (e). Any advance contribution shall be considered as part of the fulfilment of that condition.

g) In the event that the replacement has not entered into force in accordance with the provisions of this Resolution, members who have made advance contributions under this Section G shall be entitled to request that their advance contributions are taken into account in the next general replenishment of the Association's resources and that voting rights are conferred on account of such advance contributions.

SECTION H

Replenishment Resource Commitment

13. Whereas any member who deposits a conditional instrument is expected to obtain the necessary allocations to enable him to pay 66 per 100 of the total amount of his subscription and contribution no later than 31 October 1985 and 100 per cent. 100 of the total amount of such subscription and contribution no later than 31 October 1986;

14. Therefore, the Board of Governors resolves the following:

(a) For the purposes of the Association's credit commitments, subscriptions and contributions to the seventh replenishment authorized under this Resolution shall be divided into three successive portions of one third of the amount total of each of these subscriptions and contributions. Subject to the provisions of point (b) below, the first portion shall be made available for commitments of credit from the date of entry into force, the second from 1 November 1985 or the date of entry into force if the latter is later, and the third as of 1 November 1986 or the date of entry into force, whichever is the later.

(b) A subscription or contribution notified under a Conditional Commitment Instrument shall be made available for commitments to the extent and extent to which it is not conditioned. In the event that the amount notified under a Conditional Instrument of Commitment of a member whose subscription and contribution to the replacement represent more than 20 per 100 of the total amount of such replacement is not conditioned until 66 by 100 and 100 per 100 of the total amount of the subscription and contribution of that member at the latest and, respectively, on 31 October 1985 and 31 October 1986, the Association shall inform the other members of the contributions listed in table attached to this Resolution. In such a case, to the extent that no authorization has been given in accordance with (e) "infra", each member making the contribution may inform the Association that the amount of the second or third portion, whichever is applicable, of its subscription and available contribution for the purposes of commitments will be reduced in such a way that the overall amount of your subscription and contribution available for commitments will be equivalent, as a percentage of your subscription and total contribution, to the percentage of the amount that is committed without conditions under that Conditioned Instrument of Commitment to the subscription and full contribution of the member who deposited the Instrument.

(c) If, in the opinion of the President of the Association, the insufficiency of the unconditioned commitments of a member whose subscription and contribution represent more than 20 per 100 of the total amount of the replenishment is of such magnitude as to raise the substantial possibility that the total amount of the subscription and contribution of that member could not be committed without conditions to 30 June 1987, or if due to the provisions of subparagraph (b) above the Association is or could soon be prevented from contracting new unconditioned credits, the Association ask members to make the contributions listed in the table attached to this Resolution to be met as soon as possible in order to examine the situation.

(d) The preceding provisions of this paragraph shall not prevent the Association from contracting conditional credits in such a way that such claims enter into force and are compulsory for the Association for the purpose of financing disbursements by virtue of these payments alone and where the Association has received sufficient unconditioned commitments to allow it to enter into new credit commitments under points (a) and (b) above.

e) However, any of the foregoing provisions of this paragraph 14, any member who has deposited an Instrument of Commitment may authorize the Association to use the second and third portions of its subscription and contribution (or any part thereof) for the purposes of commitments prior to the dates specified in subparagraph (a) above.

SECTION I

Voting Rights

15. The Board of Governors hereby resolves the following:

(a) Except as provided for in point (b) below, the voting rights with respect to the subscriptions authorized under this Resolution shall be conferred as follows:

i) On 30 November 1984 (or, if the date for payment of the first instalment of such subscriptions and related contributions is deferred in accordance with the provisions of paragraph 5, b) of this Resolution, in the new the date set for this purpose), on 30 November 1985 and 30 November 1986 respectively (or on the new dates fixed in this respect), shall be conferred on each member who has deposited an instrument of commitment or a conditional instrument of commitment, subject to the provisions of points (ii) and (iii) below, one third of the subscription votes stipulated for the in the attached table. Any member who deposits such an instrument after any of those dates shall be conferred on the date of such deposit and subject to the provisions of points (ii) and (iii) below, the subscription votes to which it would have been entitled in accordance with the above, if it had deposited that instrument before the first of the abovementioned dates.

(ii) Any member who has deposited a Conditional Instrument of Commitment shall be granted only subscription votes as stipulated in the preceding paragraph, in so far as the payments made in respect of his subscription (and the contribution, if any, related to that subscription).

iii) If any member who has deposited an Instrument of Commitment shall cease to make any payment for the purposes of his subscription (and of the contribution, if any, related to such subscription) in the form and opportunity due in accordance with the arrangements laid down or referred to in points (c), (d) and (e) of paragraph 5, in paragraph 7 (c) and in paragraph 9 (b) of the present paragraph, the number of subscription votes conferred from the time-to-day period. Member of the Board of the European Commission of the European Union and of the Member States of the European Union.

(iv) Any member whose subscription votes have been adjusted in accordance with (ii) or (iii) precedents shall be given the votes affected by such adjustment in the form and measure which compense the insufficiency of the payments that caused the adjustment.

v) Each member shall be entitled to the additional membership votes in respect of his/her subscription authorised under this Resolution on the date on which the said membership is first conferred on the member with the preceding provisions.

(b) The voting rights in respect of subscriptions authorized under this Resolution by way of special contributions to the 1984 financial year shall be conferred as follows:

(i) Any member who has deposited a notification in accordance with the provisions of Resolution No AIF 82-6 with respect to a special contribution to the account for the financial year 1984, and who has not notified or reported to the Association that you wish to exercise the option provided for in paragraph 13 (d), (ii) of Section B of that Resolution, you will receive the subscription votes stipulated for it in the attached table (column E-4 for the members of Part I and Column F-5 for the members of Part II) on the date on which that member is first entrusted subscription votes in accordance with point (a) "above".

ii) If any member ceases to make any payment for such special contribution in the form and opportunity due in accordance with the arrangements set out in paragraph 5 of the Resolution number AIF 82-6, the number of subscription votes to be relied on to that member shall be reduced in the proportion of the insufficiency of payments.

iii) Any member whose subscription votes have been adjusted in accordance with the preceding paragraph (ii) shall be conferred the votes affected by such adjustment in the form and measure that compense the insufficiency of the payments. which caused the adjustment.

CONTRIBUTIONS TO THE SEVENTH PROPOSITION

(In millions)

Finland

Ireland

Country	(1) Expressed in US dollars	Expresadas in national currency (b)	(3) Expresadas in DEG (c)	(4) Unit
Argentina	18.75	237.86
178.52	200,00	175.38
Austria	61.20	1.187.28	57.62
Belgium	151.20	8.042.33	134.84
Brazil	22.17	15.531.41	14.93
	405.00	499.70	388.15
	Colombia	7.50	617.30	6.67
Denmark	108.00	1,025.40	96.91
	63.00	357.08	57.89
France	594.00	4.738.68	529.70
Germany	1.035.00	2.728.61	932.94
Greece	4.50	408.64	3.84
Iceland	2.70	2.48		2.48
9.90	8.33	8.83
Italy	387.00	611.736.58	345.21
Japan	1.683.00	402.206, 30	1.660.82
	Korea	9.00	7.052.63
	63.00	18.38	60.65
Luxembourg	4.50	239.36	4.01
Mexico	15.00	1.941.54
Netherlands
270.00	797.17	242.59
New Zealand	7.52	11.40	7.21
Norway	114.30	845.37	103.18
Portugal e)	5.25	641.90	4.57
Saudi Arabia	315.00	1.091.54
	South Africa	10.80	12.18	9.41
Spain	41.09	6.196.33
	Sweden	225.00	1.757.68	206.86
E. A. U. f)	59.40	218.06	57.56
UK	603.00	401.52	544.87
United States	Table_table_der" >2.250.00	2.250.00	2.180.11
Venezuela e)	15.00	182.35	13.70
	15,00	1,484,68	11.45
Partial Sum	8.754.30
Unassigned	245.70
Sum	9,000

a) Including the subscription component.

b) Using the monthly average exchange rates against the US dollar during the period of 10 June 1983-9 December 1983.

(c) Using the representative exchange rates between the SDR and the national currencies of 13 January 1984 and applying them to the national currency amounts of the column (2).

(d) Taxpayers must notify the Association in writing before 9 July 1984 which unit of obligation (national currency, US dollar or SDR) have chosen.

e) Portugal and Venezuela are not yet members of the Association.

f) The UAE Government has reserved its position on its quota until it is considered and determined by the Council of Ministers.