delete PART 286—GENERAL RULES AND REGULATIONS PURSUANT TO SECTION 11(a) OF THE INTER-AMERICAN DEVELOPMENT BANK ACT
This regulation requires the Inter-American Development Bank to file periodic financial reports and disclosure documents with the SEC for its primary obligations sold in the US, including quarterly reports, annual reports, and detailed offering information for debt issuances.
This is a redundant reporting requirement for a multilateral development bank that already has international oversight and reporting obligations. The costs of compliance for specialized SEC filings provide no additional benefit to American citizens while creating unnecessary regulatory burden on an institution whose primary purpose is development financing, not US securities trading.