Artikel IIa

Section 1. Authorized Inter-regional Capital
(a) The initial authorized inter-regional capital stock of the Bank shall be four hundred twenty million dollars ($420,000,000) in terms of United States dollars of the weight and fineness in effect on January 1, 1959 and shall be divided into 42,000 shares having a par value of $10,000 each, which shall be available for subscription by members in accordance with Section 2 of this article.
(b) The authorized inter-regional capital stock shall be divided into paid-in shares and callable shares. Of the initial authorized inter-regional capital stock, the equivalent of seventy million dollars ($70,000,000) shall be paid-in, and three hundred fifty million dollars ($350,000,000) shall be callable for the purposes specified in Section 3 (c) of this article.
(c) Subject to the provisions of Article VIII, Section 4 (b), the authorized inter-regional capital stock may be increased when the Board of Governors deems it advisable and in a manner agreed upon by a two-thirds majority of the total number of governors, including two thirds of the governors of regional members, representing not less than three fourths of the total voting power of the member countries.
(d) Whenever the authorized ordinary capital stock is increased pursuant to Article II, Section 2 (e), and a member exercises the option provided for in Article IIA, Section 2 (g), inter-regional capital stock shall be increased in the amount required to allow such member to exercise that option and the ordinary capital stock available for subscription by that member shall be reduced in an equivalent amount and be appropriately cancelled.
Section 2. Subscription of Shares of Inter-regional Capital
(a) Each nonregional member shall subscribe to shares of the inter-regional capital stock, and regional members may subscribe thereto in accordance with the terms of Article II, Section 3 (b), and in accordance with such terms as the Board of Governors shall establish, subject to the provisions of this section.
(b) The subscription of each original nonregional member shall be such number of shares of paid-in and callable inter-regional capital stock as may be determined by the Bank. The subscription, including the manner of its payment, of any new nonregional member shall be determined by the Bank with due regard to the conditions of the existing subscriptions.
(c) Regional members may subscribe to the inter-regional capital stock on such terms as the Bank may determine, giving due regard to the conditions established for subscriptions by nonregional members.
(d) Shares of the initial authorized inter-regional capital stock shall be issued at par. Other shares shall be issued at par unless the Bank decides in special circumstances to issue them on other terms.
(e) The liability of the member countries on inter-regional capital shares shall be limited to the unpaid portion of their issue price.
(f) Shares of inter-regional capital stock shall not be pledged or encumbered in any manner, and they shall be transferable only to the Bank.
(g) Any member having the right to subscribe to the ordinary capital stock of the Bank under Article II, Section 3 (b), shall have the option of waiving that right and subscribing in lieu thereof to an equivalent amount of inter-regional capital stock.
Section 3. Payment of Subscriptions to Inter-regional Capital
(a) Payment of the amount subscribed by each country to the paid-in inter-regional capital stock shall be made entirely in the currency of the respective member, which shall make arrangements satisfactory to the Bank to assure that, subject to the provisions of Article V, Section 1 (c), its currency shall be freely convertible into the currencies of other countries for the purposes of the Bank's operations.
(b) Each payment of a member under paragraph (a) of this section shall be in such amount as, in the opinion of the Bank, is equivalent to the full value in terms of United States dollars of the weight and fineness in effect on January 1, 1959, of the portion of the subscription being paid. The initial payment shall be in such amount as the member considers appropriate hereunder but shall be subject to such adjustment, to be effected within 60 days of the date on which the payment was due, as the Bank shall determine to be necessary to constitute the full dollar value equivalent as provided in this paragraph.
(c) The callable portion of the subscription for inter-regional capital shares of the Bank shall be subject to call only when required to meet the obligations of the Bank created under Article III, Section 4 (iv) and (v), on borrowings of funds for inclusion in the Bank's inter-regional capital resources of guarantees chargeable to such resources. In the event of such a call, payment may be made at the option of the member either in fully convertible currency of a member country or in the currency required to discharge the obligations of the Bank for the purpose for which the call is made. Calls on unpaid subscriptions of inter-regional callable capital shall be uniform in percentage on all such shares.
Section 4. Inter-regional Capital Resources
As used in this Agreement, the term “inter-regional capital resources” of the Bank shall be deemed to include the following:
(i) Authorized inter-regional capital, including both paid-in and callable shares, subscribed pursuant to Section 2 of this article;
(ii) all funds raised by borrowings under the authority of Article VII, Section 1 (i) to which the commitment set forth in Section 3 (c) of this article is applicable;
(iii) all funds received in repayment of loans made with the resources indicated in (i) and (ii) of this section;
(iv) all income derived from loans made from the aforementioned funds or from guarantees to which the commitment set forth in Section 3 (c) of this article is applicable; and
(v) all other income derived from any of the resources mentioned above.