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Exchange of Notes (September 20 and 30, 1965) between the Government of Canada and the Inter-American Development Bank amending the Agreement of December 4, 1964, in order to Provide Additional Funds for Assistance to Latin American Countries which are members of the Bank [1965] CATSer 5 (30 September 1965)

E101387 - CTS 1965 No. 16

EXCHANGE OF NOTES BETWEEN THE GOVERNMENT OF CANADA AND THE INTER-AMERICAN DEVELOPMENT BANK AMENDING THE AGREEMENT OF DECEMBER 4, 1964, IN ORDER TO PROVIDE ADDI­TIONAL FUNDS FOR ASSISTANCE TO LATIN AMERICAN COUNTRIES WHICH ARE MEMBERS OF THE BANK

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The Secretary of State for External Affairs to the President of the Inter-American Development Bank

DEPARTMENT OF EXTERNAL AFFAIRS

September 20, 1965

Felipe Herrera, Esq.,
President,
Inter-American Development Bank
Washington, D.C.

Dear Mr. Herrera:

As you know, Section 16(a) of the Agreement between the Government of Canada and the Inter-American Development Bank, signed at New York on December 4, 1964, provides that the agreement may be extended to cover any additional funds which the Government of Canada may make available for the purposes of the Agreement. Accordingly I am pleased to propose that the amount made available under Section 2(a) of the Agreement be increased from the specified initial sum of CDN $10 million to a total of $20 million. These additional funds will be made available on the same terms and conditions as those relating to the original Canadian contribution.

If you agree to the foregoing I propose that this letter and your reply shall constitute an amendment to the Agreement of December 4, 1964, effective the date of your reply.

Accept, Sir, the assurances of my highest consideration.

Paul Martin
Secretary of State for External Affairs

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The President of the Inter-American Development Bank to the Secretary of State for External Affairs

INTER-AMERICAN DEVELOPMENT BANK

September 30, 1965

Honorable Paul Martin
Secretary of State for External Affairs of Canada
Ottawa, Ontario
Canada

Dear Mr. Martin:

I wish to acknowledge receipt of your letter of September 20, 1965 propos­ing that the amount made available under Section 2(a) of the Agreement of December 4, 1964 between the Government of Canada and the Inter-American Development Bank be increased from the specified initial sum of CDN$l0 million to a total of CDN$20 million, which additional funds will be available on the same terms and conditions as those relating to the original Canadian contribu­tion.

I am pleased to inform you that the Board of Executive Directors of the Bank has authorized me on behalf of the Bank to accept your proposal and has requested me to express the great appreciation of the Bank for this further contribution by the Government of Canada to the development of Latin America.

We further agree that your letter and this reply shall constitute an amend­ment to the Agreement of December 4, 1964, effective the date hereof.

Accept, Sir, the assurances of my highest consideration.

Felipe Herrera
President