INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT BOARD OF GOVERNORS Resolution No. 653 Allocation of FY16 Net Income RESOLVED: 1. THAT the Report of the Executive Directors dated August 4, 2016 on “Allocation of FY16 Net Income� is hereby noted with approval; 2. THAT the addition to the General Reserve of the IBRD of US$96 million, plus or minus any rounding amount less than US$1 million, is hereby noted with approval; and 3. THAT the IBRD transfers to the International Development Association, by way of a grant out of the FY16 allocable net income of the IBRD, US$497 million, which amount may be used by the Association to provide financing in the form of grants in addition to loans; such transfer is to be drawn down by the Association immediately upon approval by the Board of Governors of the IBRD. (Adopted on October 7, 2016)