INTERNATIONAL DEVELOPMENT ASSOCIATION

                                      BOARD OF GOVERNORS



                                          Resolution No. 225

                                        Membership of Tuvalu


    WHEREAS, the Government of Tuvalu has applied for admission to membership in the
International Development Association in accordance with Section 1(b) of Article II of the Articles of
Agreement of the Association;

    WHEREAS, pursuant to Section 9 of the By-Laws of the Association, the Executive Directors,
after consultation with representatives of the Government of Tuvalu, have made recommendations to
the Board of Governors regarding this application;

    NOW, THEREFORE, the Board of Governors hereby

    RESOLVES:

   THAT the terms and conditions upon which Tuvalu shall be admitted to membership in the
Association shall be as follows:

1. Definitions: As used in this Resolution:
   (a) “Association� means International Development Association.
   (b) “Articles� means the Articles of Agreement of the Association.
   (c) “Dollars� or “$� means dollars in the currency of the United States of America.

2. Initial Subscription:
   (a) The terms and conditions of the membership of Tuvalu in the Association other than those
        specifically provided for in this Resolution shall be those set forth in the Articles with respect
        to the membership of original members listed in Part II of Schedule A thereof (including, but
        not by way of limitation, the terms and conditions relating to subscriptions, payments on
        subscriptions, usability of currencies and voting rights).
   (b) Upon accepting membership in the Association, Tuvalu shall subscribe funds in the amount of
        $20,000 expressed in terms of United States dollars of the weight and fineness in effect on
        January 1, 1960, which, pursuant to the decision of the Executive Directors of the Association
        of June 30, 1986 on the valuation of initial subscriptions is $24,127 in current United States
        dollars, and shall pay the amount of $24,127 to the Association as follows: (a) ten percent
        either in gold or in freely convertible currency, and (b) ninety percent in the currency of
        Tuvalu. As of the date Tuvalu will become a member of the Association, 504 votes shall be
        allocated to Tuvalu in respect of such subscription, consisting of 4 subscription votes and 500
        membership votes.

3. Effective Date of Membership: Tuvalu shall become a member of the Association with a
subscription as set forth in paragraph 2(b) of this Resolution as of the date when Tuvalu shall have
complied with the following requirements:
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    (a) become a member of the International Bank for Reconstruction and Development;
    (b) made the payments called for by paragraph 2 of this Resolution;
    (c) deposited with the International Bank for Reconstruction and Development an instrument
        stating that it has accepted in accordance with its law the Articles and all the terms and
        conditions prescribed in this Resolution, and that it has taken all steps necessary to enable it to
        carry out all its obligations under the Articles and this Resolution; and
    (d) signed the original Articles held in the archives of the International Bank for Reconstruction
        and Development.

4. Additional Subscription: Upon or after acceptance of membership, Tuvalu shall also be authorized
at its option to make an additional subscription in the amount of $ 7,215, comprising subscriptions
corresponding to the Third, Fourth, Fifth, Sixth, Seventh, Eighth, Ninth, Tenth, Eleventh, Twelfth,
Thirteenth, Fourteenth and Fifteenth Replenishments, and to the Multilateral Debt Relief Initiative,
which shall carry 41,460 votes, calculated on the basis of 260 subscription votes and 41,200
membership votes, and which shall be subject to the following terms and conditions:
     (a) Payment of such additional subscription shall be made in the currency of Tuvalu within 30
         days after Tuvalu notifies the Association of its intention to make such additional subscription.
     (b) The rights and obligations of the Association and Tuvalu with regard to such additional
         subscription shall be the same (except as otherwise provided in this Resolution) as those
         which govern the 90% portion of the initial subscriptions of original members payable under
         Article II, Section 2(d) of the Articles by members listed in Part II of Schedule A of the
         Articles, provided, however, that the provisions of Article IV, Section 2 of the Articles shall
         not be applicable to such subscription.

5. Limitation on Period for Fulfillment of Requirements of Membership: Tuvalu may fulfill the
requirements for membership in the Association pursuant to this Resolution until December 31, 2010,
or such later date as the Executive Directors may determine.



                                                                               (Adopted on May 3, 2010)