Convenio sobre el Banco Internacional de Reconstrucción y Fomento (BIRF/Banco Mundial)

• Document type: Convenio
• Category: Multilateral
• Subject: Organismos internacionales

CONVENIO SOBRE EL BANCO INTERNACIONAL DE RECONSTRUCCION Y FOMENTO*

ARTICLES OF AGREEMENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

The Governments on whose behalf the present Agreement is signed agree as follows:

INTRODUCTORY ARTICLE

The International Bank for Reconstruction and Development is established and shall operate in

accordance with the following provisions:

ARTICLE I

PURPOSES

The purposes of the Bank are:

(i) To assist in the reconstruction and development of territories of members by facilitating the

investment of capital for productive purposes, including the restoration of economies destroyed

or disrupted by war, the reconversion of productive facilities to peacetime needs and the

encouragement of the development of productive facilities and resources in less developed

countries.

(ii) To promote private foreign investment by means of guarantees or participations in loans and other

investments made by private investors; and when private capital is not available on reasonable

terms, to supplement private investment by providing, on suitable conditions, finance for pro-

ductive purposes out of its own capital, funds raised by it and this other resources.

(iii) To promote the long-range balanced growth of international trade and the maintenance of

equilibrium in balances of payments by encouraging international investment for the

development of the productive resources of members, there by assisting in raising productivity,

the standard of living and conditions of labor in their territories.

(iv) To arrange the loans made or guaranteed by it in relation to international loans through other

channels so that the more useful and urgent projects, large and small alike, will be dealt with

first.

(v) To conduct its operations with due regard to the effect of international investment on business

conditions in the territories of members and, in the inmediate post-war years, to assist in

bringing about a smooth transition from a wartime to a peacetime economy. The Bank shall be

guided in all its decisions by the purposes set forth above.

* Se incluye la versión en inglés por ser el único texto oficial adoptado.

ARTICLE II

MEMBERSHIP IN AND CAPITAL OF THE BANK

Section 1. Membership

(a) The original members of the Bank shall be those members of the International Monetary Fund

which accept membership in the Bank before the date specified in Article XI, Section 2(e).

(b) Membership shall be open to other members of the Fund, at such times and in accordance with

such terms as may be prescribed by the Bank.

Section 2. Aulhorized capital

(a) The authorized capital stock of the Bank shall be $10,000,000,000, in terms of United States

dollars of the weight and fineness in effect on July 1, 1944. The capital stock shall be divided into 100,000

shares having a par value of $100,000 each, which shall be available for subscription only by members.

(b) The capital stock may be increased when the Bank deems it advisable by a three-fourths

majority of the total voting power.

Section 3. Subscription of shares

(a) Each member shall subscribe shares of the capital stock of the Bank. The minimum number of

shares to be subscribed by the original members shall be those set forth in Schedule A. The minimum

number of shares to be subscribed by other members shall be determined by the Bank, which shall reserve a

sufficient portion of its capital stock for subscription by such members.

(b) The Bank shall prescribe rules laying down the conditions under which members may subscribe

shares of the authorized capital stock of the Bank in addition to their minimum subscriptions.

(c) If the authorized capital stock of the Bank is increased, each member shall have a reasonable

opportunity to subscribe, under such conditions as the Bank shall decide, a proportion of the increase

of stock equivalent to the proportion which its stock theretofore subscribed bears to the total capital stock of

the Bank, but no member shall be obligated to subscribe any part of the increased capital.

Section 4. Issue price of shares

Shares included in the minimum subscriptions of original members shall be issued at par. Other shares

shall be issued at par unless the Bank by a majority of the total voting power decides in special

circumstances to issue them on other terms.

Section 5. Division and calls of subscribed capital

The subscription of each member shall be divided into two parts as follows:

(i) twenty percent shall be paid or subject to call under Section 7(i) of this Article as needed by

the Bank for its operations;