INTERNATIONAL DEVELOPMENT ASSOCIATION BOARD OF GOVERNORS Resolution No. 239 Additions to Resources: Eighteenth Replenishment WHEREAS: (A) The Executive Directors of the International Development Association (the “Association”) have considered the prospective financial requirements of the Association and have concluded that it is desirable to authorize a replenishment of the resources of the Association for new financing commitments for the period from July 1, 2017 to June 30, 2020 (the “Eighteenth Replenishment”) in the amounts and on the basis set out in the report of the IDA Deputies, “Additions to Resources: Eighteenth Replenishment,” (the “Report”), approved by the Executive Directors on January 12, 2017 (modified on January 31, 2017), and submitted to the Board of Governors; (B) The members of the Association consider that an increase in the resources of the Association is required and intend to take all necessary governmental and legislative action to authorize and approve the allocation of additional resources to the Association in the amounts and on the conditions set out in this Resolution; (C) Members of the Association that contribute resources to the Association in addition to their subscriptions as part of the Eighteenth Replenishment (“Contributing Members”) are to make available their contributions pursuant to the Articles of Agreement of the Association (the “Articles”) partly in the form of subscriptions carrying voting rights and partly as supplementary resources in the form of contributions not carrying voting rights; (D) Additional subscriptions are to be authorized for Contributing Members in this Resolution on the basis of their agreement with respect to their preemptive rights under Article III, Section 1(c) of the Articles, and provision is made for the other members of the Association (“Subscribing Members”) intending to exercise their rights pursuant to that provision to do so; (E) It is desirable to provide for a portion of resources to be contributed by members to be paid to the Association as advance contributions; (F) Additional subscriptions and contributions are to be authorized for Contributing Members to provide compensation for the Association’s debt forgiveness commitments under the HIPC Debt Initiative; and to reflect the grant element of concessional loans made by Contributing Members to the Association; (G) The Executive Directors of the Association will be requested to authorize the borrowing of concessional loans from Contributing Members (each a “Contributing Member Loan”) in the currencies and on the terms and conditions as may be approved by the Executive Directors and it is intended that the grant element of the Contributing Member Loans will upon such approval form part of the Contributing Member’s subscriptions and contributions hereunder; IDA Resolution No. 239 Page 2 of 16    (H) It is desirable to authorize the Association to provide financing in the form of grants, guarantees, equity investments, and the intermediation of risk management products in addition to loans; and (I) It is desirable to administer any remaining funds from the replenishment authorized by Resolution No. 234 of the Board of Governors of the Association (the “Seventeenth Replenishment”) as part of the Eighteenth Replenishment. NOW THEREFORE THE BOARD OF GOVERNORS HEREBY ACCEPTS the Report as approved by the Executive Directors, NOTES its conclusions and recommendations AND RESOLVES THAT a general increase in subscriptions of the Association is authorized on the following terms and conditions: 1. Authorization of Subscriptions and Contributions. (a) The Association is authorized to accept additional resources from each Contributing Member in the amounts and in the currencies specified for each such member in Columns 7, 8, 10, and 12 of Table 1a attached to this Resolution, and each such amount will be divided into a subscription carrying voting rights and a contribution not carrying voting rights as specified in Table 2 attached to this Resolution. (i) As part of the resources described in paragraph 1(a) above, the Association is authorized to accept additional subscriptions and contributions from Contributing Members to compensate the Association for the Association’s debt forgiveness commitments under the HIPC Debt Initiative in the amounts and as specified in Column 12 of Table 1a attached to this Resolution. (ii) As part of the resources described in paragraph 1(a) above, the Association is authorized to accept additional subscriptions and contributions from Contributing Members reflecting the grant element of a Contributing Member Loan in the amounts and currencies specified in Columns 8 and 10 of Table 1a attached to this Resolution. (b) The Association is authorized to accept additional resources from any member for which no contribution is specified in Table 2 and additional subscriptions and contributions from Contributing Members incremental to the amounts specified for each such member in Tables 1a and 1b. (c) The Association is authorized to accept additional subscriptions from each Subscribing Member in the amount specified for each such member in Table 2. (d) The rights and obligations of the Association and the Contributing Members in respect of the authorized subscriptions and contributions in paragraphs (a) and (b) above will be the same (except as otherwise provided in this Resolution) as those applicable to the ninety per cent portion of the initial subscriptions of original members payable under Article II, Section 2(d) of the Articles of Agreement (the “Articles”) by members listed in Part I of Schedule A of the Articles. 2. Agreement to Pay. (a) When a Contributing Member agrees to pay its subscription and contribution, or a Subscribing Member agrees to pay its subscription, it will deposit with the Association an Instrument of Commitment substantially in the form set out in Attachment I to this Resolution (“Instrument of Commitment”) and with respect to: (i) its contribution for debt forgiveness under the HIPC Debt Initiative, a Contributing Member will either include such contribution in an Instrument of Commitment or make a Debt Relief Transfer Contribution, as defined and specified in paragraph 9(a) of this Resolution; and (ii) a Contributing Member Loan, a Contributing Member will enter into written agreement(s) in such form as may be acceptable to the Association. IDA Resolution No. 239 Page 3 of 16    (b) When a Contributing Member agrees to pay a part of its subscription and contribution without qualification and the remainder is subject to enactment by its legislature of the necessary appropriation legislation, it will deposit (other than in respect of the grant element of a Contributing Member Loan) a qualified Instrument of Commitment in a form acceptable to the Association (“Qualified Instrument of Commitment”) and such member: (i) undertakes to exercise its best efforts to obtain legislative approval for the full amount of its subscription and contribution by the payment dates set out in paragraph 3(b) of this Resolution; and (ii) agrees that, upon obtaining such approvals, it will notify the Association that any parts of its Qualified Instrument of Commitment have become unqualified. 3. Payment. (a) Each Subscribing Member will pay to the Association the amount of its subscription in full within 31 days after the date of deposit of its Instrument of Commitment; provided that if the Eighteenth Replenishment shall not have become effective by December 15, 2017, payment may be postponed by the member for not more than 31 days after the Effective Date as defined in paragraph 6(a) of this Resolution. (b) Each Contributing Member that deposits an Instrument of Commitment that is not a Qualified Instrument of Commitment will pay to the Association the amount of its subscription and contribution in three equal annual installments no later than 31 days after the Effective Date or as agreed with the Association, January 15, 2019, and January 15, 2020; provided that: (i) the Association and each Contributing Member may agree to earlier payment; (ii) if the Eighteenth Replenishment shall not have become effective by December 15, 2017, payment of the first such installment may be postponed by the member for not more than 31 days after the date on which the Eighteenth Replenishment becomes effective; (iii) the Association may agree to the postponement of any installment, or part thereof, if the amount paid, together with any unused balance of previous payments by the Contributing Member concerned, is at least equal to the amount estimated by the Association to be required from that member up to the due date of the next installment for purposes of disbursements for financing committed under the Eighteenth Replenishment; and (iv) if any Contributing Member deposits an Instrument of Commitment with the Association after the date when the first installment of the subscription and contribution is due, payment of any installment, or part thereof, will be made to the Association within 31 days after the date of such deposit. (c) If a Contributing Member has deposited a Qualified Instrument of Commitment and, upon enactment of appropriation legislation, notifies the Association that an installment, or part thereof, is unqualified after the date when it was due, then payment of such installment, or part thereof, will be made within 31 days after the date of such notification. (d) Each Contributing Member that makes a contribution through the grant element of a Contributing Member Loan will pay to the Association the amount of the Loan in three equal annual installments no later than 31 days after the Effective Date, January 15, 2019, and January 15, 2020 or as agreed with the Association. 4. Mode of Payment. (a) Payments pursuant to this Resolution will be made, at the option of the member: (i) in cash, on terms agreed between the member and the Association; or (ii) by the deposit of notes or similar obligations issued by the government of the member or the depository designated by such member, which shall be nonnegotiable, non-interest bearing and payable at their par value on demand to the account of the Association. (b) The Association will encash notes or similar obligations of Contributing Members, on an approximately pro rata basis among donors, in accordance with the encashment schedule set out IDA Resolution No. 239 Page 4 of 16    in Attachment II to this Resolution, or as agreed between a Contributing Member and the Association. With respect to a Contributing Member that is unable to comply with one or more encashment requests, the Association may agree with the member on a revised encashment schedule that yields at least an equivalent value to the Association. (c) The provisions of Article IV, Section 1(a) of the Articles will apply to the use of a Subscribing Member's currency paid to the Association pursuant to this Resolution. 5. Currency of Denomination and Payment. (a) Contributing Members will denominate the resources to be made available pursuant to this Resolution in SDRs, the currency of the member if freely convertible, or, with the agreement of the Association, in a freely convertible currency of another member, except that if a Contributing Member's economy experienced a rate of inflation in excess of ten percent per annum on average in the period 2013-2015, as determined by the Association, its subscription and contribution will be denominated in SDRs or in any currency used for the valuation of the SDR and agreed with the Association. Subscribing Members will denominate the resources to be made available pursuant to this Resolution in the currency of the member or in a freely convertible currency with the agreement of the Association. (b) Contributing Members will make payments pursuant to this Resolution in SDRs, a currency used for the valuation of the SDR, or, with the agreement of the Association, in another freely convertible currency, and the Association may freely exchange the amounts received as required for its operations. Subscribing Members will make payments in the currency of the member or in a freely convertible currency with the agreement of the Association. (c) Each member will maintain, in respect of its currency paid by it under this Resolution, and the currency of such member derived therefrom as principal, interest or other charges, the same convertibility as existed on the effective date of this Resolution. (d) The provisions of Article IV, Section 2 of the Articles with respect to maintenance of value will not be applicable. (e) Notwithstanding the foregoing provisions of this paragraph, a Contributing Member that makes a contribution through the grant element of a Contributing Member Loan will denominate and make payment of such Contributing Member Loan in SDRs or any other currencies approved by the Executive Directors and as defined in their respective loan agreements. 6. Effective Date. (a) The Eighteenth Replenishment will become effective and the resources to be contributed pursuant to this Resolution will become payable to the Association on the date (the "Effective Date") when Contributing Members whose subscriptions and contributions aggregate not less than SDR11,526 million shall have deposited with the Association Instruments of Commitment, Qualified Instruments of Commitment, Debt Relief Transfer Notifications (as defined in paragraph 9(b) of this Resolution) or duly executed concessional loan agreements to provide the Contributing Member Loans, provided that this date shall be not later than December 15, 2017, or such later date as the Executive Directors of the Association may determine. (b) If the Association determines that the availability of additional resources pursuant to this Resolution is likely to be unduly delayed, it shall convene promptly a meeting of the Contributing Members to review the situation and to consider the steps to be taken to prevent a suspension of financing to eligible recipients by the Association. 7. Advance Contributions. (a) In order to avoid an interruption in the Association's ability to commit financing to eligible recipients pending the effectiveness of the Eighteenth Replenishment, the Association may deem, prior to the Effective Date, one third of the total amount of each subscription and contribution for which IDA Resolution No. 239 Page 5 of 16    (i) an Instrument of Commitment has been deposited with the Association; (ii) a Debt Relief Transfer Notification (as defined in paragraph 9(b) of this Resolution) has been received by the Association; or (iii) a duly executed concessional loan agreement for a Contributing Member Loan has been received by the Association; as an “Advance Contribution”, unless the Contributing Member specifies otherwise in its Instrument of Commitment, Debt Relief Transfer Notification or concessional loan agreement for a Contributing Member Loan. (b) The Association shall specify when Advance Contributions pursuant to paragraph 7(a) are to be paid to the Association. (c) The terms and conditions applicable to contributions to the Eighteenth Replenishment shall apply also to Advance Contributions until the Effective Date, when such contributions shall be deemed to constitute payment towards the amount due from each Contributing Member for its subscription and contribution. (d) In the event that the Eighteenth Replenishment shall not become effective pursuant to paragraph 6(a) of this Resolution, (i) voting rights will be allocated to each member for the Advance Contribution as if it had been made as a subscription and contribution under this Resolution, and (ii) each member not making an Advance Contribution will have the opportunity to exercise its preemptive rights under Article III, Section 1(c) of the Articles with respect to such subscription as the Association shall specify. 8. Commitment Authority. (a) Subscriptions and contributions will become available for commitment by the Association for financing to eligible recipients in three equal annual installments: (i) the first installment will become available to the Association for commitment from the Effective Date, provided that Advance Contributions may become available earlier under paragraph 7(a) of this Resolution; (ii) the second installment will become available from July 1, 2018; and (iii) the third installment will become available from July 1, 2019. (b) Any qualified part of a subscription and contribution notified under a Qualified Instrument of Commitment will become available for commitment by the Association for financing when the Association has been notified, pursuant to paragraph 2(b) (ii) of this Resolution, that such parts have become unqualified. (c) The Association may enter into financing commitments with eligible recipients conditional on such commitments becoming effective and binding on the Association when resources under the Eighteenth Replenishment become available for commitment by the Association. 9. HIPC Contributions. (a) Contributing Members making an additional subscription and contribution to compensate the Association for forgiveness of debt under the HIPC Debt Relief Initiative, will do so either: (i) through an additional subscription and contribution to the Association’s regular resources (a “Debt Relief Additional Contribution”) or (ii) through a creditor-specific contribution for the benefit of the Association to the HIPC window of the Debt Relief Trust Fund (“Debt Relief Transfer Contribution”). (b) Contributing Members making a Debt Relief Transfer Contribution will either (i) enter into a Contribution Agreement with the Association as administrator of the Debt Relief Trust Fund; or (ii) for Contributing Members that are already current contributors to the Debt Relief Trust Fund, send to the Association a notice of additional contribution or allocation to the appropriate window of the Debt Relief Trust Fund (each a “Debt Relief Transfer Notification”). Such Debt Relief Transfer Notification will provide for a contribution to be made to the appropriate window of the Debt Relief Trust Fund in the amount set forth in Columns 7 and 12 of Table 1a to this Resolution, IDA Resolution No. 239 Page 6 of 16    to be payable in three equal annual installments no later than 31 days after the Effective Date, January 15, 2019, and January 15, 2020; provided that the Association and each Contributing Member may agree to earlier payment. (c) When any amount of a Debt Relief Transfer Contribution is paid to compensate the Association for forgiveness of debt under the HIPC Debt Initiative, such amount of the Debt Relief Transfer Contribution will be treated as a subscription and contribution under the Eighteenth Replenishment. 10. Authorization of Grants, Guarantees, Equity Investments and Risk Intermediation. The Association is hereby authorized to provide financing under the Eighteenth Replenishment in the form of grants and guarantees, equity investments and through the intermediation of risk management products. 11. Administration of IDA17 Funds under the Eighteenth Replenishment. (a) On the Effective Date, any funds, receipts, assets and liabilities held by the Association under the Seventeenth Replenishment will be administered under the Eighteenth Replenishment, subject, as appropriate, to the terms and conditions applicable to the Seventeenth Replenishment. (b) Pursuant to Article V, Section 2(a) (i) of the Articles of Agreement of the Association, the Association is authorized to use the funds referred to in paragraph 11(a) above, and funds derived therefrom as principal, interest or other charges, to provide financing in the forms of grants, guarantees and equity investments under the terms, conditions and policies applicable under the Eighteenth Replenishment. 12. Allocation of Voting Rights under Eighteenth Replenishment. Voting rights calculated on the basis of the current voting rights system will be allocated to members for subscriptions under the Eighteenth Replenishment as follows: (a) Each Subscribing Member that has deposited with the Association an Instrument of Commitment will be allocated the subscription votes specified for each such member in Table 2 on the effective payment date pursuant to paragraph 3(a) of this Resolution. Each Subscribing Member will be allocated the additional membership votes specified in Column c-3 of Table 2 on the date such member is allocated its subscription votes. (b) Each Contributing Member that has deposited with the Association an Instrument of Commitment (other than in respect of the grant element of a Concessional Member Loan) will be allocated one third of the subscription votes specified for each such member in Table 2 on each effective payment date pursuant to paragraph 3(b) of this Resolution. Each Contributing Member will be allocated the additional membership votes specified in Column b-3 of Table 2 for its subscription on the date such member is allocated the first one third of its subscription votes. (c) Each Contributing Member that has made a Debt Relief Transfer Contribution will be allocated a proportionate share of the subscription votes specified for such member in Column b-2 of Table 2 from time to time and at least semi-annually following payment of any amount of its Debt Relief Transfer Contribution to compensate the Association for forgiveness of debt under the HIPC Debt Initiative or to finance arrears clearance operations. (d) Each Contributing Member that has provided a Contributing Member Loan in the amount provided in Table 1b will be notified by the Association of the grant element determined by the Association with respect to the Contributing Member Loan and will be allocated, in respect of such grant element, a proportionate share of the subscription votes specified for such member in Column b-2 of Table 2 from time to time following payment to the Association of the Contributing Member Loan. IDA Resolution No. 239 Page 7 of 16    (e) Each member that has deposited with the Association a Qualified Instrument of Commitment will be allocated subscription votes at the time and to the extent of payments made in respect of its subscription and contribution. (f) Any member that deposits its Instrument of Commitment after any of these dates will be allocated, within 31 days of the date of such deposit, the subscription votes to which such member is entitled on account of such deposit. (g) If a member fails to pay any amount of its subscription or subscription and contribution when due, or fails to pay when due any amount of (or due in connection with) a CPL, the number of subscription votes allocated from time to time to such member under this Resolution in respect of the Eighteenth Replenishment will be reduced in proportion to the shortfall in the net present value of such payments, but any such votes will be reallocated when the shortfall in the net present value of such payments causing such adjustment is subsequently made up. (Adopted on March 31, 2017) IDA Resolution No. 239 Page 8 of 16    Table 1a. Grant and Grant Equivalent Contributions to the Eighteenth Replenishment 8/9/ Total Donor Contributions Acceleration Credit Currency Basic Contribution Supplemental HIPC Costs FX Rates and Grant Element of Grant Grant Grant Element of Sub-total Contribution 1/ of Concessional Loan Denomination Concessional loan 6/ Share SDR Million NC Million NC Million Share SDR Million SDR Million SDR Million SDR Million Share SDR Million (NC/SDR) Contributing Members (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) Algeria 0.08% 17.83 25.00 - USD 0.09% 17.83 - 17.83 - 0.00% - 1.40207 Argentina 3/ 0.03% 5.71 8.00 - USD 0.01% 2.51 - 2.51 - 0.20% 3.20 1.40207 Australia 1.55% 342.34 639.81 - AUD 1.55% 316.64 - 316.64 - 1.61% 25.70 1.86892 Austria 3/ 1.45% 320.60 400.98 - EUR 1.50% 306.88 - 306.88 - 0.86% 13.73 1.25070 Bahamas, The 3/ 0.01% 2.90 4.07 - USD 0.01% 2.72 - 2.72 - 0.01% 0.19 1.40207 Belgium 3/ 1.51% 332.72 331.27 84.86 EUR 1.49% 237.56 67.85 305.41 - 1.71% 27.30 1.25070 Brazil 0.08% 16.74 81.00 - BRL 0.03% 6.04 - 6.04 - 0.67% 10.70 4.83872 Canada 3/ 3.36% 741.10 1,349.55 - CAD 3.30% 675.00 - 675.00 - 4.14% 66.10 1.82102 China 1.94% 427.94 3,943.27 - CNY 2.08% 426.34 - 426.34 - 0.10% 1.60 9.21457 Cyprus 0.02% 4.25 5.32 - EUR 0.02% 3.93 - 3.93 - 0.02% 0.32 1.25070 Czech Republic 5/ 0.05% 11.15 13.69 0.26 EUR 0.05% 9.99 - 9.99 0.21 0.06% 0.96 1.25070 Denmark 3/ 1.05% 232.58 2,165.00 - DKK 1.04% 213.26 - 213.26 - 1.21% 19.32 9.30853 Egypt 3/ 0.02% 3.74 5.25 - USD 0.02% 3.59 - 3.59 - 0.01% 0.16 1.40207 Estonia 3/ 0.01% 3.08 3.85 - EUR 0.01% 2.92 - 2.92 - 0.01% 0.16 1.25070 Finland 3/ 0.38% 83.27 105.00 - EUR 0.36% 72.73 - 72.73 - 0.66% 10.54 1.25070 France 3/ 4.86% 1,071.87 1,059.00 281.59 EUR 4.72% 741.03 225.15 966.17 - 6.62% 105.70 1.25070 Germany 3/4/ 5.83% 1,287.11 1,607.92 1.87 EUR 5.40% 1,105.57 - 1,105.57 - 11.37% 181.54 1.25070 Greece 3/ 0.05% 11.51 14.40 - EUR 0.05% 10.68 - 10.68 - 0.05% 0.83 1.25070 Hungary 3/ 0.06% 13.25 5,180.00 - HUF 0.06% 12.29 - 12.29 - 0.06% 0.96 391.06044 Iceland 0.03% 7.35 1,267.26 - ISK 0.03% 6.88 - 6.88 - 0.03% 0.48 172.31928 India 0.59% 130.49 12,250.00 - INR 0.61% 125.05 - 125.05 - 0.34% 5.43 93.87998 Indonesia 3/ 0.27% 59.29 1,100,000.00 - IDR 0.29% 58.45 - 58.45 - 0.05% 0.84 18,553.23884 Iran, Islamic Republic of 0.10% 21.40 30.00 - USD 0.10% 21.40 - 21.40 - 0.00% - 1.40207 Ireland 0.33% 71.96 90.00 - EUR 0.34% 68.77 - 68.77 - 0.20% 3.19 1.25070 Israel 3/ 0.08% 17.37 93.20 - ILS 0.08% 15.61 - 15.61 - 0.11% 1.76 5.36633 Italy 2.06% 455.74 570.00 - EUR 1.93% 395.07 - 395.07 - 3.80% 60.67 1.25070 Japan 3/7/ 10.31% 2,276.14 308,840.90 32,668.08 JPY 9.87% 1,802.94 217.73 2,020.67 - 16.00% 255.46 150.03878 Korea 1.30% 287.00 464,572.95 - KRW 1.30% 266.24 - 266.24 - 1.30% 20.76 1,618.74478 Kuwait 3/ 0.19% 41.50 17.55 - KWD 0.19% 39.11 - 39.11 - 0.15% 2.39 0.42289 Latvia 3/ 0.01% 2.13 2.66 - EUR 0.01% 1.97 - 1.97 - 0.01% 0.16 1.25070 Lithuania 3/4/ 0.01% 2.45 3.00 0.06 EUR 0.01% 2.30 - 2.30 - 0.01% 0.14 1.25070 Luxembourg 3/ 0.20% 45.13 56.45 - EUR 0.21% 42.10 - 42.10 - 0.19% 3.03 1.25070 Malaysia 3/ 0.09% 19.26 27.00 - USD 0.09% 18.02 - 18.02 - 0.08% 1.24 1.40207 Netherlands 2.71% 597.74 747.59 - EUR 2.69% 551.91 - 551.91 - 2.87% 45.82 1.25070 New Zealand 0.12% 25.78 51.88 - NZD 0.12% 23.70 - 23.70 - 0.13% 2.08 2.01242 Norway 3/12/ 1.06% 235.03 2,748.00 - NOK 1.15% 235.03 - 235.03 - 0.00% - 11.69192 Pakistan 0.08% 17.83 25.00 - USD 0.09% 17.83 - 17.83 - 0.00% - 1.40207 Philippines 3/ 0.02% 3.61 5.06 - USD 0.02% 3.07 - 3.07 - 0.03% 0.53 1.40207 Poland 3/ 0.06% 13.83 17.30 - EUR 0.07% 13.35 - 13.35 - 0.03% 0.48 1.25070 Portugal 3/ 0.04% 8.80 11.00 - EUR 0.04% 8.20 - 8.20 - 0.04% 0.60 1.25070 Russia 3/ 0.43% 95.25 95.25 - SDR 0.44% 89.66 - 89.66 - 0.35% 5.59 1.00000 Saudi Arabia 0.38% 83.40 82.86 34.07 USD 0.26% 52.23 - 52.23 24.30 0.43% 6.87 1.40207 Singapore 0.15% 32.81 46.00 - USD 0.15% 30.50 - 30.50 - 0.14% 2.31 1.40207 Slovak Republic 0.01% 2.13 2.66 - EUR 0.01% 1.97 - 1.97 - 0.01% 0.16 1.25070 Slovenia 0.02% 4.00 5.00 - EUR 0.02% 3.52 - 3.52 - 0.03% 0.48 1.25070 South Africa 0.04% 7.91 163.80 - ZAR 0.03% 6.47 - 6.47 - 0.09% 1.44 20.71582 Sweden 3/ 3.08% 679.90 7,950.00 - SEK 3.09% 633.76 - 633.76 - 2.89% 46.14 11.69288 Switzerland 3/ 2.14% 472.00 472.00 - SDR 2.13% 435.28 - 435.28 - 2.30% 36.72 1.00000 Thailand 3/ 0.01% 3.05 150.00 - THB 0.01% 2.82 - 2.82 - 0.01% 0.23 49.25066 Turkey 0.08% 18.58 76.00 - TRY 0.09% 18.58 - 18.58 - 0.00% - 4.09092 United Kingdom 3/ 12.97% 2,863.10 2,516.00 372.35 GBP 13.11% 2,315.34 369.09 2,684.43 - 11.19% 178.66 1.00882 United States 3/ 12.51% 2,761.49 3,871.80 - USD 11.92% 2,440.24 - 2,440.24 - 20.12% 321.25 1.40207 Sub-total 73.80% 16,293.11 72.24% 13,914.88 879.82 14,794.70 24.51 92.31% 1,473.90 Other 0.00% - 2/ Additional financing 0.28% 61.35 10/ Expected Pledges 0.63% 140.09 11/ Total 74.72% 16,494.55 Structural financing gap 25.28% 5,582.05 27.76% 5,685.25 7.69% 122.75 Total including financing gap 100.00% 22,076.60 100.00% 20,479.95 100.00% 1,596.65 IDA Resolution No. 239 Page 9 of 16    1/ Contributions of countries with an average inflation rate exceeding 10% over the 2013-2015 period would be denominated in SDRs or in any currency used for the valuation of the SDR and agreed with the association. 2/ Represents the investment income generated by using a regular encashment profile of 9 years. 3/ Indicative contribution, subject to government and/or parliamentary approval. 4/ Includes an increase in basic share achieved through accelerated encashments. 5/ Includes supplemental contributions provided through accelerated encashments. 6/ The amounts in national currency ('NC') exclude individual acceleration credits (when applicable) and grant elements of concessional loan (when applicable), both of which are included in the SDR amounts. The equivalent NC amount of any individual acceleration credit or grant element of concessional loan is shown separately in column 4. 7/ Part of the grant contribution will be used to meet the concessional loan framework. 8/ Basic grant contribution includes compensation for grant principal forgone. 9/ IDA18 allocation for arrears clearance will be financed by the amount of unused arrears clearance in IDA17 carried over to IDA18. No separate partner contribution is required. 10/ Pledges expected from contributors whose internal authorizations/budget processes are not sufficiently advanced to allow complete pledging at the final replenishment meeting but where pledges are expected by the Spring Meetings, 2017. IDA18 Commitment Authority will be based on pledges confirmed by Unqualified Instruments of Commitments. 11/ This is equivalent to US$23.1 billion using IDA18 reference exchange rates. 12/ HIPC contribution subject to budgetary process and pending parliamentary approval. IDA Resolution No. 239 Page 10 of 16    Table 1b. Concessional Loan Contributions to the Eighteenth Replenishment Loan amount Loan terms Grant contribution plus loan Contributing members Coupon rate in SDR Million Currency FX NC Million Maturity NC terms SDR Million (1) (2) (3) (4) (5) (6) (7) Belgium1/ 192.76 EUR 1.2507 241.09 10-40 0.00% 457.63 1/ France 639.64 EUR 1.25070 800.00 10-40 0.00% 1,486.37 1/ Japan 1,948.75 JPY 150.03878 292,387.73 10-40 0.35% 4,007.15 Saudi Arabia 88.22 USD 1.40207 123.69 5-25 0.47% 147.32 United Kingdom1/ 812.83 GBP 1.00882 820.00 10-40 0.00% 3,306.83 1/ Indicative contribution, subject to government and/or parliamentary approval. IDA Resolution No. 239 Page 11 of 16    Table 2. Subscriptions, Contributions, and Votes (amounts in US$ Equivalents) Additional Votes Stemming from  Part I Current Status (before IDA18) IDA18 Status Including IDA18 Adjusted Voting Power Subscriptions  Total  Total  Total  Subscription  Contributions  Total  Carrying Votes  Contributions  Cumulative  Subscription  Membership  Voting  Total  Subscription  Membership  Total Cumulative  as % of  Carrying  ($) Subscription  as % of  Membership  Total  Voting  ($) ($) Resources ($) Votes Votes Power % Resources ($) Votes Votes Resources ($) Part I Votes ($) Votes Part I. Votes Votes Power % Member (a‐1) (a‐2) (a‐3) (a‐4) (a‐5) (a‐6) (b‐1) (b‐2) (b‐3) (d‐1) (d‐2) (d‐3) (d‐4) (f‐1) (f‐2) (f‐3) (f‐4) (f‐5) AUSTRALIA 32,233,152 4,899,863,407 4,932,096,559 298,736 54,200 1.14% 481,871,396 19,602 3,300 5,413,967,955 2.08% 32,723,202 5,381,244,753 318,338 2.08% 57,500 375,838 1.14% AUSTRIA 11,150,238 3,243,407,924 3,254,558,162 196,741 54,200 0.81% 451,274,088 21,159 3,300 3,705,832,250 1.42% 11,679,213 3,694,153,037 217,900 1.42% 57,500 275,400 0.84% BELGIUM 17,028,332 4,387,997,553 4,405,025,885 266,962 54,200 1.04% 467,950,962 19,566 3,300 4,872,976,847 1.87% 17,517,482 4,855,459,365 286,528 1.87% 57,500 344,028 1.05% CANADA 64,769,241 11,600,105,703 11,664,874,944 706,676 54,200 2.46% 1,043,071,337 40,543 3,300 12,707,946,281 4.88% 65,782,816 12,642,163,465 747,219 4.88% 57,500 804,719 2.45% DENMARK 16,408,039 3,616,631,191 3,633,039,230 220,815 54,200 0.89% 327,376,599 12,055 3,300 3,960,415,829 1.52% 16,709,414 3,943,706,415 232,870 1.52% 57,500 290,370 0.88% ESTONIA 268,002 13,334,523 13,602,525 818 47,500 0.16% 4,332,590 237 3,300 17,935,115 0.01% 273,927 17,661,188 1,055 0.01% 50,800 51,855 0.16% FINLAND 7,904,801 2,103,917,642 2,111,822,443 127,795 54,200 0.59% 117,205,847 3,270 3,300 2,229,028,290 0.86% 7,986,551 2,221,041,739 131,065 0.86% 57,500 188,565 0.57% FRANCE 91,783,028 17,268,162,148 17,359,945,176 1,052,179 54,200 3.57% 1,507,413,195 57,209 3,300 18,867,358,371 7.24% 93,213,253 18,774,145,118 1,109,388 7.24% 57,500 1,166,888 3.55% GERMANY 104,802,880 25,280,947,863 25,385,750,743 1,539,822 54,200 5.14% 1,811,694,385 59,369 3,300 27,197,445,128 10.44% 106,287,105 27,091,158,023 1,599,191 10.44% 57,500 1,656,691 5.04% GREECE 4,008,015 205,170,733 209,178,748 12,757 42,600 0.18% 16,206,162 495 3,300 225,384,910 0.09% 4,020,390 221,364,520 13,252 0.09% 45,900 59,152 0.18% ICELAND 265,550 93,829,231 94,094,781 5,714 54,200 0.19% 10,350,745 427 3,300 104,445,526 0.04% 276,225 104,169,301 6,141 0.04% 57,500 63,641 0.19% IRELAND 4,872,225 721,738,217 726,610,442 43,962 54,200 0.32% 101,288,513 4,718 3,300 827,898,955 0.32% 4,990,175 822,908,780 48,680 0.32% 57,500 106,180 0.32% ITALY 38,743,748 10,378,407,694 10,417,151,442 631,733 54,200 2.21% 641,493,915 18,508 3,300 11,058,645,357 4.25% 39,206,448 11,019,438,909 650,241 4.24% 57,500 707,741 2.15% JAPAN 101,436,333 39,187,358,822 39,288,795,155 2,380,184 54,200 7.86% 3,202,631,710 118,283 3,300 42,491,426,865 16.32% 104,393,408 42,387,033,457 2,498,467 16.31% 57,500 2,555,967 7.78% KUWAIT 5,676,565 1,002,429,705 1,008,106,270 60,814 53,300 0.37% 58,414,483 1,897 3,300 1,066,520,753 0.41% 5,723,990 1,060,796,763 62,711 0.41% 56,600 119,311 0.36% LATVIA 240,694 13,852,235 14,092,929 867 54,200 0.18% 2,993,638 138 3,300 17,086,567 0.01% 244,144 16,842,423 1,005 0.01% 57,500 58,505 0.18% LITHUANIA 535,248 11,191,427 11,726,675 705 53,300 0.17% 3,443,545 187 3,300 15,170,220 0.01% 539,923 14,630,297 892 0.01% 56,600 57,492 0.18% LUXEMBOURG 977,355 341,542,231 342,519,586 20,743 54,200 0.24% 63,530,406 3,132 3,300 406,049,992 0.16% 1,055,655 404,994,337 23,875 0.16% 57,500 81,375 0.25% NETHERLANDS 46,848,852 8,471,475,055 8,518,323,907 516,077 54,200 1.84% 841,358,659 34,266 3,300 9,359,682,566 3.59% 47,705,502 9,311,977,064 550,343 3.59% 57,500 607,843 1.85% NEW ZEALAND 538,077 354,439,075 354,977,152 21,523 54,200 0.24% 36,287,093 1,483 3,300 391,264,245 0.15% 575,152 390,689,093 23,006 0.15% 57,500 80,506 0.25% NORWAY 14,646,512 4,146,922,539 4,161,569,051 252,512 54,200 0.99% 330,827,596 11,638 3,300 4,492,396,647 1.72% 14,937,462 4,477,459,185 264,150 1.72% 57,500 321,650 0.98% PORTUGAL 4,771,403 318,241,004 323,012,407 19,721 54,200 0.24% 12,379,707 - 3,300 335,392,114 0.13% 4,771,403 330,620,711 19,721 0.13% 57,500 77,221 0.24% RUSSIA 2,992,616 758,500,853 761,493,469 45,907 54,200 0.32% 134,071,300 6,752 3,300 895,564,769 0.34% 3,161,416 892,403,353 52,659 0.34% 57,500 110,159 0.34% SLOVENIA 13,047,837 38,387,544 51,435,381 3,134 54,200 0.19% 5,627,140 221 3,300 57,062,521 0.02% 13,053,362 44,009,159 3,355 0.02% 57,500 60,855 0.19% SOUTH AFRICA 12,539,872 263,213,673 275,753,545 16,704 54,200 0.23% 11,128,881 164 3,300 286,882,426 0.11% 12,543,972 274,338,454 16,868 0.11% 57,500 74,368 0.23% SPAIN 21,731,748 4,492,160,543 4,513,892,291 273,355 54,200 1.06% - - - 4,513,892,291 1.73% 21,731,748 4,492,160,543 273,355 1.78% 54,200 327,555 1.00% SWEDEN 26,585,585 8,637,573,336 8,664,158,921 524,870 54,200 1.87% 957,009,990 40,848 3,300 9,621,168,911 3.69% 27,606,785 9,593,562,126 565,718 3.69% 57,500 623,218 1.90% SWITZERLAND 17,317,289 5,276,804,167 5,294,121,456 321,625 54,200 1.21% 664,374,315 28,730 3,300 5,958,495,771 2.29% 18,035,539 5,940,460,232 350,355 2.29% 57,500 407,855 1.24% UNITED ARAB EMIRATES 10,729 5,189,119 5,199,848 619 748 0.00% - - - 5,199,848 0.00% 10,729 5,189,119 619 0.00% 748 1,367 0.0042% UNITED KINGDOM 207,711,591 30,766,019,991 30,973,731,582 1,881,163 54,200 6.25% 4,027,986,835 176,914 3,300 35,001,718,417 13.44% 212,134,441 34,789,583,976 2,058,077 13.43% 57,500 2,115,577 6.44% UNITED STATES 471,674,687 49,977,116,918 50,448,791,605 3,060,684 53,300 10.05% 3,886,995,643 134,223 3,300 54,335,787,248 20.86% 475,030,262 53,860,756,986 3,194,907 20.85% 56,600 3,251,507 9.90% Subtotal Part I 1,343,520,244 237,875,932,066 239,219,452,310 14,505,917 1,605,748 52.00% 21,220,590,675 816,034 95,700 260,440,042,985 100.00% 1,363,921,094 259,076,121,891 15,321,951 100% 1,701,448 17,023,399 51.83% Subtotal Part II 652,833,879 7,880,991,889 8,533,825,768 7,183,876 7,688,300 48.00% 7,666,589 100% 8,156,900 15,823,489 48.17% Grand Total 1,996,354,123 245,756,923,955 247,753,278,078 21,689,793 9,294,048 100.00% 22,988,540 100% 9,858,348 32,846,888 100.00% Notes: Current Status (a-1) to (a-6): It is assumed that the members that have outstanding commitments to subscribe or contribute to any previous Replenishment will fulfill their obligations. Amounts have been calculated, for purposes of the voting rights adjustment, by multiplying the subscriptions and contributions up to and including the Third Replenishment (which were expressed in terms of U.S. dollars of the weight and fineness in effect on January 1, 1960) by 1.20635 and adding thereto the dollar equivalents of the subscriptions and contributions under the Fourth through Seventeenth Replenishments at the agreed exchange rates. Allocation of Additional Votes with respect to Encashment: Subscription votes have been allocated on the imputed value of these contributions based on the related encashment schedule rather than the nominal amounts shown in contribution tables. For the Eighteenth Replenishment, this is included in column (b-1) for Part I countries, and for Part II contributing countries in column (e-4). IDA Resolution No. 239 Page 12 of 16    Table 2. Subscriptions, Contributions, and Votes (amounts in US$ Equivalents) Allocation for Exercise of Preemptive Rights  Additional Resources Provided under IDA18 in  Part II Current Status (before IDA18) to Maintain Part II Voting Power       SDRs or Freely Convertible Currencies Adjusted Voting power Subscriptions  Total  Total  Subscription  Subscription  Total  Total  Total  Carrying Votes  Contributions  Cumulative  Subscription  Membership  Voting  Carrying Votes  Subscription  Membership  Total Voting   Carrying Votes  Subscriptio Contributions Additional  Subscription  as % of  Membership  Total  Voting  ($) ($) Resources ($) Votes Votes Power % ($) Votes Votes Power % ($) n Votes  ($) Resources ($) Votes part II Votes Votes Power % Member (a‐1) (a‐2) (a‐3) (a‐4) (a‐5) (a‐6) (c‐1) (c‐2) (c‐3) (c‐4) (e‐1) (e‐2) (e‐3) (e‐4) (f‐1) (f‐2) (f‐3) (f‐4) (f‐5) AFGHANISTAN 1,680,146 0 1,680,146 17,283 54,200 0.23% 23,025 921 3,300 0.23% 0 0 0 0 18,204 0.24% 57,500 75,704 0.23% ALBANIA 391,346 0 391,346 4,281 54,200 0.19% 5,700 228 3,300 0.19% 0 0 0 0 4,509 0.06% 57,500 62,009 0.19% ALGERIA 6,687,835 0 6,687,835 68,267 54,200 0.40% 90,900 3,636 3,300 0.40% 36,750 1,470 24,970,467 25,098,117 73,373 0.96% 57,500 130,873 0.40% ANGOLA 10,467,956 0 10,467,956 106,731 54,200 0.52% 142,125 5,685 3,300 0.52% 0 0 0 0 112,416 1.47% 57,500 169,916 0.52% ARGENTINA 31,977,106 116,965,305 148,942,411 348,024 54,200 1.30% 463,475 18,539 3,300 1.29% 11,125 445 7,556,798 8,031,398 367,008 4.79% 57,500 424,508 1.29% ARMENIA 706,931 0 706,931 7,510 54,200 0.20% 10,000 400 3,300 0.20% 0 0 0 0 7,910 0.10% 57,500 65,410 0.20% AZERBAIJAN 1,204,999 0 1,204,999 12,600 54,200 0.22% 16,775 671 3,300 0.22% 0 0 0 0 13,271 0.17% 57,500 70,771 0.22% BAHAMAS, THE 640,442 8,003,489 8,643,931 6,828 53,300 0.19% 9,100 364 3,300 0.20% 6,000 240 4,070,874 4,085,974 7,432 0.10% 56,600 64,032 0.19% BANGLADESH 8,927,675 0 8,927,675 91,088 54,200 0.47% 121,300 4,852 3,300 0.47% 0 0 0 0 95,940 1.25% 57,500 153,440 0.47% BARBADOS 502,393 1,892,596 2,394,989 5,262 54,200 0.19% 7,000 280 3,300 0.19% 0 0 0 0 5,542 0.07% 57,500 63,042 0.19% BELIZE 340,396 0 340,396 3,727 54,200 0.19% 4,975 199 3,300 0.19% 0 0 0 0 3,926 0.05% 57,500 61,426 0.19% BENIN 838,276 0 838,276 8,809 54,200 0.20% 11,725 469 3,300 0.20% 0 0 0 0 9,278 0.12% 57,500 66,778 0.20% BHUTAN 92,029 0 92,029 1,210 54,200 0.18% 1,600 64 3,300 0.18% 0 0 0 0 1,274 0.02% 57,500 58,774 0.18% BOLIVIA 1,764,076 0 1,764,076 18,164 54,200 0.23% 24,200 968 3,300 0.23% 0 0 0 0 19,132 0.25% 57,500 76,632 0.23% BOSNIA & HERZEGOVINA 10,229,464 0 10,229,464 13,113 54,200 0.22% 17,475 699 3,300 0.22% 0 0 0 0 13,812 0.18% 57,500 71,312 0.22% BOTSWANA 280,796 1,515,927 1,796,723 3,322 54,200 0.19% 4,425 177 3,300 0.19% 0 0 0 0 3,499 0.05% 57,500 60,999 0.19% BRAZIL 34,232,176 937,404,333 971,636,509 438,226 54,200 1.59% 583,600 23,344 3,300 1.58% 33,775 1,351 22,945,342 23,562,717 462,921 6.04% 57,500 520,421 1.58% BURKINA FASO 838,252 0 838,252 8,808 54,200 0.20% 11,725 469 3,300 0.20% 0 0 0 0 9,277 0.12% 57,500 66,777 0.20% BURUNDI 1,268,910 0 1,268,910 13,174 54,200 0.22% 17,550 702 3,300 0.22% 0 0 0 0 13,876 0.18% 57,500 71,376 0.22% CABO VERDE 142,153 0 142,153 1,730 54,200 0.18% 2,300 92 3,300 0.18% 0 0 0 0 1,822 0.02% 57,500 59,322 0.18% CAMBODIA 1,702,338 0 1,702,338 17,654 54,200 0.23% 23,500 940 3,300 0.23% 0 0 0 0 18,594 0.24% 57,500 76,094 0.23% CAMEROON 1,680,096 0 1,680,096 17,282 54,200 0.23% 23,025 921 3,300 0.23% 0 0 0 0 18,203 0.24% 57,500 75,703 0.23% CENTRAL AFRICAN REP. 838,252 0 838,252 8,808 54,200 0.20% 11,725 469 3,300 0.20% 0 0 0 0 9,277 0.12% 57,500 66,777 0.20% CHAD 838,252 0 838,252 8,808 54,200 0.20% 11,725 469 3,300 0.20% 0 0 0 0 9,277 0.12% 57,500 66,777 0.20% CHILE 5,920,500 34,746,972 40,667,472 62,292 54,200 0.38% 82,950 3,318 3,300 0.38% 0 0 0 0 65,610 0.86% 57,500 123,110 0.37% CHINA 51,326,204 490,532,543 541,858,747 556,884 54,200 1.97% 741,600 29,664 3,300 1.97% 884,350 35,374 600,728,712 602,354,662 621,922 8.11% 57,500 679,422 2.07% COLOMBIA 6,100,781 26,659,256 32,760,037 69,489 54,200 0.40% 92,550 3,702 3,300 0.40% 0 0 0 0 73,191 0.95% 57,500 130,691 0.40% COMOROS 142,153 0 142,153 1,730 54,200 0.18% 2,300 92 3,300 0.18% 0 0 0 0 1,822 0.02% 57,500 59,322 0.18% CONGO, DEM. REP. OF 5,017,186 0 5,017,186 51,363 54,200 0.34% 68,400 2,736 3,300 0.34% 0 0 0 0 54,099 0.71% 57,500 111,599 0.34% CONGO, REP. OF 838,252 0 838,252 8,808 54,200 0.20% 11,725 469 3,300 0.20% 0 0 0 0 9,277 0.12% 57,500 66,777 0.20% COSTA RICA 339,656 0 339,656 3,684 54,200 0.19% 4,900 196 3,300 0.19% 0 0 0 0 3,880 0.05% 57,500 61,380 0.19% COTE D'IVOIRE 1,680,096 0 1,680,096 17,282 54,200 0.23% 23,025 921 3,300 0.23% 0 0 0 0 18,203 0.24% 57,500 75,703 0.23% CROATIA 24,046,763 0 24,046,763 30,324 54,200 0.27% 40,375 1,615 3,300 0.27% 0 0 0 0 31,939 0.42% 57,500 89,439 0.27% CYPRUS 1,302,473 26,384,905 27,687,378 14,517 54,200 0.22% 19,325 773 3,300 0.22% 8,775 351 5,959,177 5,987,277 15,641 0.20% 57,500 73,141 0.22% CZECH REPUBLIC 6,233,881 118,633,490 124,867,371 71,257 54,200 0.40% 94,900 3,796 3,300 0.40% 22,925 917 15,580,751 15,698,576 75,970 0.99% 57,500 133,470 0.41% DJIBOUTI 275,030 0 275,030 3,092 54,200 0.18% 4,125 165 3,300 0.19% 0 0 0 0 3,257 0.04% 57,500 60,757 0.18% DOMINICA 142,153 0 142,153 1,730 54,200 0.18% 2,300 92 3,300 0.18% 0 0 0 0 1,822 0.02% 57,500 59,322 0.18% DOMINICAN REPUBLIC 674,813 68,614 743,427 7,216 54,200 0.20% 9,600 384 3,300 0.20% 0 0 0 0 7,600 0.10% 57,500 65,100 0.20% ECUADOR 1,087,467 0 1,087,467 11,348 54,200 0.21% 15,100 604 3,300 0.21% 0 0 0 0 11,952 0.16% 57,500 69,452 0.21% EGYPT, ARAB REP. OF 8,489,833 6,274,406 14,764,239 88,429 54,200 0.46% 117,750 4,710 3,300 0.46% 7,575 303 5,145,280 5,270,605 93,442 1.22% 57,500 150,942 0.46% EL SALVADOR 505,489 23,707 529,196 5,394 54,200 0.19% 7,175 287 3,300 0.19% 0 0 0 0 5,681 0.07% 57,500 63,181 0.19% EQUATORIAL GUINEA 540,333 0 540,333 5,798 54,200 0.19% 7,725 309 3,300 0.19% 0 0 0 0 6,107 0.08% 57,500 63,607 0.19% ERITREA 159,018 0 159,018 1,910 54,200 0.18% 2,550 102 3,300 0.18% 0 0 0 0 2,012 0.03% 57,500 59,512 0.18% ETHIOPIA 838,823 23,707 862,530 8,825 54,200 0.20% 11,750 470 3,300 0.20% 0 0 0 0 9,295 0.12% 57,500 66,795 0.20% FIJI 938,502 0 938,502 9,863 54,200 0.21% 13,125 525 3,300 0.21% 0 0 0 0 10,388 0.14% 57,500 67,888 0.21% GABON 838,252 0 838,252 8,808 54,200 0.20% 11,725 469 3,300 0.20% 0 0 0 0 9,277 0.12% 57,500 66,777 0.20% GAMBIA, THE 452,347 0 452,347 4,897 54,200 0.19% 6,525 261 3,300 0.19% 0 0 0 0 5,158 0.07% 57,500 62,658 0.19% GEORGIA 1,155,062 0 1,155,062 12,087 54,200 0.21% 16,100 644 3,300 0.21% 0 0 0 0 12,731 0.17% 57,500 70,231 0.21% GHANA 3,920,167 0 3,920,167 40,110 54,200 0.30% 53,425 2,137 3,300 0.30% 0 0 0 0 42,247 0.55% 57,500 99,747 0.30% GRENADA 156,667 0 156,667 1,816 54,200 0.18% 2,425 97 3,300 0.18% 0 0 0 0 1,913 0.02% 57,500 59,413 0.18% GUATEMALA 673,207 0 673,207 7,157 54,200 0.20% 9,525 381 3,300 0.20% 0 0 0 0 7,538 0.10% 57,500 65,038 0.20% GUINEA 1,680,096 0 1,680,096 17,282 54,200 0.23% 23,025 921 3,300 0.23% 0 0 0 0 18,203 0.24% 57,500 75,703 0.23% GUINEA‐BISSAU 239,036 0 239,036 2,651 54,200 0.18% 3,525 141 3,300 0.18% 0 0 0 0 2,792 0.04% 57,500 60,292 0.18% GUYANA 1,352,925 0 1,352,925 14,061 54,200 0.22% 18,725 749 3,300 0.22% 0 0 0 0 14,810 0.19% 57,500 72,310 0.22% HAITI 1,268,910 0 1,268,910 13,174 54,200 0.22% 17,550 702 3,300 0.22% 0 0 0 0 13,876 0.18% 57,500 71,376 0.22% IDA Resolution No. 239 Page 13 of 16    Table 2. Subscriptions, Contributions, and Votes (amounts in US$ Equivalents) Allocation for Exercise of Preemptive Rights  Additional Resources Provided under IDA18 in  Part II Current Status (before IDA18) to Maintain Part II Voting Power       SDRs or Freely Convertible Currencies Adjusted Voting power Subscriptions  Total  Total  Subscription  Subscription  Total  Total  Total  Carrying Votes  Contributions  Cumulative  Subscription  Membership  Voting  Carrying Votes  Subscription  Membership  Total Voting   Carrying Votes  Subscriptio Contributions Additional  Subscription  as % of  Membership  Total  Voting  ($) ($) Resources ($) Votes Votes Power % ($) Votes Votes Power % ($) n Votes  ($) Resources ($) Votes part II Votes Votes Power % Member (a‐1) (a‐2) (a‐3) (a‐4) (a‐5) (a‐6) (c‐1) (c‐2) (c‐3) (c‐4) (e‐1) (e‐2) (e‐3) (e‐4) (f‐1) (f‐2) (f‐3) (f‐4) (f‐5) HONDURAS 505,100 0 505,100 5,384 54,200 0.19% 7,175 287 3,300 0.19% 0 0 0 0 5,671 0.07% 57,500 63,171 0.19% HUNGARY 12,882,759 153,735,807 166,618,566 145,219 54,200 0.64% 193,400 7,736 3,300 0.64% 27,125 1,085 18,424,231 18,644,756 154,040 2.01% 57,500 211,540 0.64% INDIA 68,697,420 199,774,851 268,472,271 752,838 54,200 2.60% 1,002,575 40,103 3,300 2.60% 268,525 10,741 182,397,085 183,668,185 803,682 10.48% 57,500 861,182 2.62% INDONESIA 18,436,421 17,871,419 36,307,840 188,640 54,200 0.78% 251,225 10,049 3,300 0.78% 122,300 4,892 83,079,827 83,453,352 203,581 2.66% 57,500 261,081 0.79% IRAN, ISLAMIC REP. OF 7,566,336 18,134,199 25,700,535 78,167 54,200 0.43% 104,100 4,164 3,300 0.43% 44,125 1,765 29,969,516 30,117,741 84,096 1.10% 57,500 141,596 0.43% IRAQ 1,268,910 0 1,268,910 13,174 54,200 0.22% 17,550 702 3,300 0.22% 0 0 0 0 13,876 0.18% 57,500 71,376 0.22% ISRAEL 3,034,528 92,554,803 95,589,331 38,233 54,200 0.30% 50,925 2,037 3,300 0.30% 35,850 1,434 24,359,313 24,446,088 41,704 0.54% 57,500 99,204 0.30% JORDAN 505,100 0 505,100 5,384 54,200 0.19% 7,175 287 3,300 0.19% 0 0 0 0 5,671 0.07% 57,500 63,171 0.19% KAZAKHSTAN 2,558,421 6,571,277 9,129,698 26,689 54,200 0.26% 35,550 1,422 3,300 0.26% 0 0 0 0 28,111 0.37% 57,500 85,611 0.26% KENYA 2,793,624 0 2,793,624 28,674 54,200 0.27% 38,175 1,527 3,300 0.27% 0 0 0 0 30,201 0.39% 57,500 87,701 0.27% KIRIBATI 108,779 0 108,779 1,385 54,200 0.18% 1,850 74 3,300 0.18% 0 0 0 0 1,459 0.02% 57,500 58,959 0.18% KOREA 6,834,349 1,965,738,072 1,972,572,421 212,984 54,200 0.86% 283,625 11,345 3,300 0.86% 593,400 23,736 403,090,425 403,967,450 248,065 3.24% 57,500 305,565 0.93% KOSOVO 924,531 0 924,531 9,293 53,300 0.20% 12,375 495 3,300 0.21% 0 0 0 0 9,788 0.13% 56,600 66,388 0.20% KYRGYZ REPUBLIC 672,988 0 672,988 7,143 54,200 0.20% 9,500 380 3,300 0.20% 0 0 0 0 7,523 0.10% 57,500 65,023 0.20% LAO PEOPLE'S DEM. REP. 838,252 0 838,252 8,808 54,200 0.20% 11,725 469 3,300 0.20% 0 0 0 0 9,277 0.12% 57,500 66,777 0.20% LEBANON 757,214 0 757,214 8,044 54,200 0.20% 10,700 428 3,300 0.20% 0 0 0 0 8,472 0.11% 57,500 65,972 0.20% LESOTHO 275,030 0 275,030 3,092 54,200 0.18% 4,125 165 3,300 0.19% 0 0 0 0 3,257 0.04% 57,500 60,757 0.18% LIBERIA 1,268,910 0 1,268,910 13,174 54,200 0.22% 17,550 702 3,300 0.22% 0 0 0 0 13,876 0.18% 57,500 71,376 0.22% LIBYA 1,680,096 0 1,680,096 17,282 54,200 0.23% 23,025 921 3,300 0.23% 0 0 0 0 18,203 0.24% 57,500 75,703 0.23% MACEDONIA, FYR 4,506,252 0 4,506,252 5,980 54,200 0.19% 7,975 319 3,300 0.19% 0 0 0 0 6,299 0.08% 57,500 63,799 0.19% MADAGASCAR 1,680,096 0 1,680,096 17,282 54,200 0.23% 23,025 921 3,300 0.23% 0 0 0 0 18,203 0.24% 57,500 75,703 0.23% MALAWI 1,268,910 0 1,268,910 13,174 54,200 0.22% 17,550 702 3,300 0.22% 0 0 0 0 13,876 0.18% 57,500 71,376 0.22% MALAYSIA 4,230,112 29,194,196 33,424,308 44,602 54,200 0.32% 59,400 2,376 3,300 0.32% 39,750 1,590 27,006,817 27,105,967 48,568 0.63% 57,500 106,068 0.32% MALDIVES 58,976 0 58,976 877 54,200 0.18% 1,175 47 3,300 0.18% 0 0 0 0 924 0.01% 57,500 58,424 0.18% MALI 1,450,280 0 1,450,280 14,997 54,200 0.22% 19,975 799 3,300 0.22% 0 0 0 0 15,796 0.21% 57,500 73,296 0.22% MARSHALL ISLANDS 26,122 0 26,122 550 54,200 0.18% 725 29 3,300 0.18% 0 0 0 0 579 0.01% 57,500 58,079 0.18% MAURITANIA 838,252 0 838,252 8,808 54,200 0.20% 11,725 469 3,300 0.20% 0 0 0 0 9,277 0.12% 57,500 66,777 0.20% MAURITIUS 1,437,651 35,560 1,473,211 14,964 54,200 0.22% 19,925 797 3,300 0.22% 0 0 0 0 15,761 0.21% 57,500 73,261 0.22% MEXICO 15,642,733 380,043,877 395,686,610 200,197 54,200 0.82% 266,600 10,664 3,300 0.82% 0 0 0 0 210,861 2.75% 57,500 268,361 0.82% MICRONESIA, FED. ST. OF 42,842 0 42,842 724 54,200 0.18% 975 39 3,300 0.18% 0 0 0 0 763 0.01% 57,500 58,263 0.18% MOLDOVA 939,406 0 939,406 9,888 54,200 0.21% 13,175 527 3,300 0.21% 0 0 0 0 10,415 0.14% 57,500 67,915 0.21% MONGOLIA 391,345 0 391,345 4,281 54,200 0.19% 5,700 228 3,300 0.19% 0 0 0 0 4,509 0.06% 57,500 62,009 0.19% MONTENEGRO 766,864 0 766,864 7,437 53,300 0.20% 9,900 396 3,300 0.20% 0 0 0 0 7,833 0.10% 56,600 64,433 0.20% MOROCCO 5,862,250 0 5,862,250 59,962 54,200 0.37% 79,850 3,194 3,300 0.37% 0 0 0 0 63,156 0.82% 57,500 120,656 0.37% MOZAMBIQUE 2,278,645 0 2,278,645 23,407 54,200 0.25% 31,175 1,247 3,300 0.25% 0 0 0 0 24,654 0.32% 57,500 82,154 0.25% MYANMAR 3,359,892 0 3,359,892 34,512 54,200 0.29% 45,950 1,838 3,300 0.29% 0 0 0 0 36,350 0.47% 57,500 93,850 0.29% NEPAL 838,252 0 838,252 8,808 54,200 0.20% 11,725 469 3,300 0.20% 0 0 0 0 9,277 0.12% 57,500 66,777 0.20% NICARAGUA 505,100 0 505,100 5,384 54,200 0.19% 7,175 287 3,300 0.19% 0 0 0 0 5,671 0.07% 57,500 63,171 0.19% NIGER 838,252 0 838,252 8,808 54,200 0.20% 11,725 469 3,300 0.20% 0 0 0 0 9,277 0.12% 57,500 66,777 0.20% NIGERIA 5,577,519 0 5,577,519 56,963 54,200 0.36% 75,850 3,034 3,300 0.36% 0 0 0 0 59,997 0.78% 57,500 117,497 0.36% OMAN 509,502 1,031,875 1,541,377 5,555 54,200 0.19% 7,400 296 3,300 0.19% 0 0 0 0 5,851 0.08% 57,500 63,351 0.19% PAKISTAN 16,889,603 11,428,581 28,318,184 176,661 54,200 0.75% 235,250 9,410 3,300 0.74% 36,550 1,462 24,826,317 25,098,117 187,533 2.45% 57,500 245,033 0.75% PALAU  39,225 0 39,225 579 54,200 0.18% 775 31 3,300 0.18% 0 0 0 0 610 0.01% 57,500 58,110 0.18% PANAMA 44,962 0 44,962 800 54,200 0.18% 1,075 43 3,300 0.18% 0 0 0 0 843 0.01% 57,500 58,343 0.18% PAPUA NEW GUINEA 1,436,903 0 1,436,903 14,943 54,200 0.22% 19,900 796 3,300 0.22% 0 0 0 0 15,739 0.21% 57,500 73,239 0.22% PARAGUAY 505,100 0 505,100 5,384 54,200 0.19% 7,175 287 3,300 0.19% 0 0 0 0 5,671 0.07% 57,500 63,171 0.19% PERU 2,971,752 15,602,676 18,574,428 31,366 54,200 0.28% 41,775 1,671 3,300 0.28% 0 0 0 0 33,037 0.43% 57,500 90,537 0.28% PHILIPPINES 8,397,932 16,253,002 24,650,934 86,691 54,200 0.45% 115,450 4,618 3,300 0.45% 7,300 292 4,957,109 5,079,859 91,601 1.19% 57,500 149,101 0.45% POLAND 50,853,466 74,389,617 125,243,083 528,864 54,200 1.88% 704,300 28,172 3,300 1.88% 27,575 1,103 18,738,028 19,469,903 558,139 7.28% 57,500 615,639 1.87% ROMANIA 5,596,301 0 5,596,301 56,238 53,300 0.35% 74,900 2,996 3,300 0.36% 0 0 0 0 59,234 0.77% 56,600 115,834 0.35% RWANDA 1,268,910 0 1,268,910 13,174 54,200 0.22% 17,550 702 3,300 0.22% 0 0 0 0 13,876 0.18% 57,500 71,376 0.22% SAMOA 156,667 0 156,667 1,816 54,200 0.18% 2,425 97 3,300 0.18% 0 0 0 0 1,913 0.02% 57,500 59,413 0.18% SAO TOME & PRINCIPE 125,586 0 125,586 1,562 54,200 0.18% 2,075 83 3,300 0.18% 0 0 0 0 1,645 0.02% 57,500 59,145 0.18% SAUDI ARABIA 26,482,699 2,678,742,933 2,705,225,632 910,697 54,200 3.11% 1,212,775 48,511 3,300 3.10% 170,575 6,823 115,871,850 117,255,200 966,031 12.60% 57,500 1,023,531 3.12% SENEGAL 2,793,624 0 2,793,624 28,674 54,200 0.27% 38,175 1,527 3,300 0.27% 0 0 0 0 30,201 0.39% 57,500 87,701 0.27% IDA Resolution No. 239 Page 14 of 16    Table 2. Subscriptions, Contributions, and Votes (amounts in US$ Equivalents) Allocation for Exercise of Preemptive Rights  Additional Resources Provided under IDA18 in  Part II Current Status (before IDA18) to Maintain Part II Voting Power       SDRs or Freely Convertible Currencies Adjusted Voting power Subscriptions  Total  Total  Subscription  Subscription  Total  Total  Total  Carrying Votes  Contributions  Cumulative  Subscription  Membership  Voting  Carrying Votes  Subscription  Membership  Total Voting   Carrying Votes  Subscriptio Contributions Additional  Subscription  as % of  Membership  Total  Voting  ($) ($) Resources ($) Votes Votes Power % ($) Votes Votes Power % ($) n Votes  ($) Resources ($) Votes part II Votes Votes Power % Member (a‐1) (a‐2) (a‐3) (a‐4) (a‐5) (a‐6) (c‐1) (c‐2) (c‐3) (c‐4) (e‐1) (e‐2) (e‐3) (e‐4) (f‐1) (f‐2) (f‐3) (f‐4) (f‐5) SERBIA 29,851,743 0 29,851,743 37,557 54,200 0.30% 50,025 2,001 3,300 0.30% 0 0 0 0 39,558 0.52% 57,500 97,058 0.30% SIERRA LEONE 1,268,910 0 1,268,910 13,174 54,200 0.22% 17,550 702 3,300 0.22% 0 0 0 0 13,876 0.18% 57,500 71,376 0.22% SINGAPORE 995,408 210,083,201 211,078,609 23,006 53,300 0.25% 30,625 1,225 3,300 0.25% 67,825 2,713 46,078,240 46,176,690 26,944 0.35% 56,600 83,544 0.25% SLOVAK REPUBLIC 3,119,341 27,639,647 30,758,988 34,677 54,200 0.29% 46,175 1,847 3,300 0.29% 4,325 173 2,942,874 2,993,374 36,697 0.48% 57,500 94,197 0.29% SOLOMON ISLANDS 156,667 0 156,667 1,816 54,200 0.18% 2,425 97 3,300 0.18% 0 0 0 0 1,913 0.02% 57,500 59,413 0.18% SOMALIA 1,268,910 0 1,268,910 13,174 54,200 0.22% 17,550 702 3,300 0.22% 0 0 0 0 13,876 0.18% 57,500 71,376 0.22% SOUTH SUDAN 594,475 0 594,475 5,979 53,300 0.19% 7,950 318 3,300 0.19% 0 0 0 0 6,297 0.08% 56,600 62,897 0.19% SRI LANKA 5,030,482 0 5,030,482 51,414 54,200 0.34% 68,475 2,739 3,300 0.34% 0 0 0 0 54,153 0.71% 57,500 111,653 0.34% ST. KITTS & NEVIS 224,871 0 224,871 2,568 54,200 0.18% 3,425 137 3,300 0.18% 0 0 0 0 2,705 0.04% 57,500 60,205 0.18% ST. LUCIA 257,844 0 257,844 2,897 54,200 0.18% 3,850 154 3,300 0.18% 0 0 0 0 3,051 0.04% 57,500 60,551 0.18% ST. VINCENT & GRENADINES 125,404 0 125,404 1,555 54,200 0.18% 2,075 83 3,300 0.18% 0 0 0 0 1,638 0.02% 57,500 59,138 0.18% SUDAN 1,680,096 0 1,680,096 17,282 54,200 0.23% 23,025 921 3,300 0.23% 0 0 0 0 18,203 0.24% 57,500 75,703 0.23% SWAZILAND 540,536 0 540,536 5,803 54,200 0.19% 7,725 309 3,300 0.19% 0 0 0 0 6,112 0.08% 57,500 63,612 0.19% SYRIAN ARAB REP. 1,582,518 0 1,582,518 16,334 54,200 0.23% 21,750 870 3,300 0.23% 0 0 0 0 17,204 0.22% 57,500 74,704 0.23% TAJIKISTAN 624,071 0 624,071 6,668 54,200 0.20% 8,875 355 3,300 0.20% 0 0 0 0 7,023 0.09% 57,500 64,523 0.20% TANZANIA 2,793,624 0 2,793,624 28,674 54,200 0.27% 38,175 1,527 3,300 0.27% 0 0 0 0 30,201 0.39% 57,500 87,701 0.27% THAILAND 5,037,782 4,857,412 9,895,194 51,706 54,200 0.34% 68,850 2,754 3,300 0.34% 6,200 248 4,211,916 4,286,966 54,708 0.71% 57,500 112,208 0.34% TIMOR‐LESTE 477,900 0 477,900 4,777 53,300 0.19% 6,350 254 3,300 0.19% 0 0 0 0 5,031 0.07% 56,600 61,631 0.19% TOGO 1,268,910 0 1,268,910 13,174 54,200 0.22% 17,550 702 3,300 0.22% 0 0 0 0 13,876 0.18% 57,500 71,376 0.22% TONGA 125,404 0 125,404 1,555 54,200 0.18% 2,075 83 3,300 0.18% 0 0 0 0 1,638 0.02% 57,500 59,138 0.18% TRINIDAD & TOBAGO 2,247,414 0 2,247,414 23,147 54,200 0.25% 30,825 1,233 3,300 0.25% 0 0 0 0 24,380 0.32% 57,500 81,880 0.25% TUNISIA 2,514,955 0 2,514,955 25,917 54,200 0.26% 34,525 1,381 3,300 0.26% 0 0 0 0 27,298 0.36% 57,500 84,798 0.26% TURKEY 10,209,305 208,179,634 218,388,939 125,726 54,200 0.58% 167,425 6,697 3,300 0.58% 38,200 1,528 25,943,878 26,149,503 133,951 1.75% 57,500 191,451 0.58% TUVALU 33,117 0 33,117 335 53,300 0.17% 450 18 3,300 0.18% 0 0 0 0 353 0.00% 56,600 56,953 0.17% UGANDA 2,793,624 0 2,793,624 28,674 54,200 0.27% 38,175 1,527 3,300 0.27% 0 0 0 0 30,201 0.39% 57,500 87,701 0.27% UKRAINE 10,377,341 0 10,377,341 103,106 53,300 0.50% 137,300 5,492 3,300 0.51% 0 0 0 0 108,598 1.42% 56,600 165,198 0.50% UZBEKISTAN 2,051,073 0 2,051,073 21,226 54,200 0.24% 28,275 1,131 3,300 0.24% 0 0 0 0 22,357 0.29% 57,500 79,857 0.24% VANUATU 323,881 0 323,881 3,562 54,200 0.19% 4,750 190 3,300 0.19% 0 0 0 0 3,752 0.05% 57,500 61,252 0.19% VIETNAM 2,514,955 0 2,514,955 25,917 54,200 0.26% 34,525 1,381 3,300 0.26% 0 0 0 0 27,298 0.36% 57,500 84,798 0.26% YEMEN, REPUBLIC OF 2,611,567 0 2,611,567 24,866 54,200 0.26% 33,125 1,325 3,300 0.26% 0 0 0 0 26,191 0.34% 57,500 83,691 0.25% ZAMBIA 4,470,312 0 4,470,312 45,820 54,200 0.32% 61,025 2,441 3,300 0.32% 0 0 0 0 48,261 0.63% 57,500 105,761 0.32% ZIMBABWE 6,832,318 0 6,832,318 69,587 54,200 0.40% 92,675 3,707 3,300 0.40% 0 0 0 0 73,294 0.96% 57,500 130,794 0.40% Subtotal Part II 652,833,879 7,880,991,889 8,533,825,768 7,183,876 7,688,300 48.00% 9,566,925 382,677 468,600 48.03% 2,500,900 100,036 1,698,854,827 1,708,002,477 7,666,589 100% 8,156,900 15,823,489 48.17% Subtotal Part I 1,343,520,244 237,875,932,066 239,219,452,310 14,505,917 1,605,748 52.00% 15,321,951 100% 1,701,448 17,023,399 51.83% Grand Total 1,996,354,123 245,756,923,955 247,753,278,078 21,689,793 9,294,048 100.00% 22,988,540 100% 9,858,348 32,846,888 100.00% Notes: Current Status (a-1) to (a-6): It is assumed that the members that have outstanding commitments to subscribe or contribute to any previous Replenishment will fulfill their obligations. Amounts have been calculated, for purposes of the voting rights adjustment, by multiplying the subscriptions and contributions up to and including the Third Replenishment (which were expressed in terms of U.S. dollars of the weight and fineness in effect on January 1, 1960) by 1.20635 and adding thereto the dollar equivalents of the subscriptions and contributions under the Fourth through Seventeenth Replenishments at the agreed exchange rates. Allocation of Additional Votes with respect to Encashment: Subscription votes have been allocated on the imputed value of these contributions based on the related encashment schedule rather than the nominal amounts shown in contribution tables. For the Eighteenth Replenishment, this is included in column (b-1) for Part I countries, and for Part II contributing countries in column (e-4). Additional Resources Provided under IDA18 in SDRs or Freely Convertible Currencies: The amounts shown in column (e-4) represent the additional resources provided under IDA18 by Part II members in SDRs or freely convertible currencies, as set out in Table 1A. The U.S. Dollar equivalent has been obtained by converting the SDR amount using the average exchange rates for the U.S. Dollar against the SDR over the period March 1 to August 31, 2016 (SDR1=USD1.40207). These amounts are divided into subscriptions carrying votes (columns (c-1) and (e-1)) and contributions (column (e- 3)). Update of Part II members: The table has been updated to reflect the expected membership status of Part II members. IDA Resolutions No. 239 Page 15 of 16 Attachment I INTERNATIONAL DEVELOPMENT ASSOCIATION Addition to Resources: Eighteenth Replenishment Instrument of Commitment Reference is made to Resolution No. ____ of the Board of Governors of the International Development Association entitled “Additions to Resources: Eighteenth Replenishment”, which was adopted on __________, 2017 (“the Resolution”). The Government of _________________________ HEREBY NOTIFIES the Association pursuant to paragraph 2 of the Resolution that it will make the _______________1 authorized for it in accordance with the terms of the Resolution in the amount of ______________ [of which______________________ amount represents the grant element of a Concessional Member Loan].2 ____________________ __________________________________ (Date) (Name and Office) 3                                                              1 This form of Instrument of Commitment may be used for a Contributing Member’s regular contribution, any Debt Relief Additional Contribution, and any Grant Compensation Additional Contribution either under separate instruments or combined. Contributing Members fill in the words “subscription and contribution” for both regular contributions and Debt Relief Additional Contributions; and Subscribing Members fill in the word “subscription” only.  2 Pursuant to paragraph 5(a) of the Eighteenth Replenishment Resolution, members are required to denominate their subscription and contribution, or subscription only, as the case may be, in SDRs, in the currency of the member if freely convertible, or with the agreement of the Association in a freely convertible currency of another member. Payment will be made as provided in paragraph 5(b) of the Resolution. 3 The instrument is to be signed on behalf of the Government by a duly authorized representative. IDA Resolutions No. 239 Page 16 of 16 Attachment II Encashment Schedule for IDA18 Contributions (Percent of Total Contributions) Fiscal Year Standard Schedule 2018 5.8 2019 10.3 2020 14.5 2021 12.6 2022 12.2 2023 12.3 2024 12.2 2025 11.0 2026 9.1 __________ 100.0