International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 663 : 2018 General Capital Increase (Anglais)

On October 1, 2018, the International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number six hundred and sixty-three. It was resolved that, the authorized capital stock of the Bank shall be increased by 230,500...  Voir la suite On October 1, 2018, the International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number six hundred and sixty-three. It was resolved that, the authorized capital stock of the Bank shall be increased by 230,500 shares of capital stock, each having a par value of dollar 100,000 in terms of United States dollars of the weight and fineness in effect on July 1, 1944, as interpreted by the Executive Directors, which results in a par value equal to one hundred and twenty thousand, six hundred and thirty-five United States dollars (dollar 120,635); each member of the Bank is authorized to subscribe up to the total number of shares set forth opposite its name in the table below; any shares of capital stock of the Bank that remain unsubscribed or unpaid at the end of the subscription period set forth in paragraph three (b) above, including any shares in respect of which voting rights have been suspended due to a failure to make a payment as described in paragraph five above, shall become part of the Bank’s unallocated capital stock; and the Bank shall adopt a financial sustainability framework consistent with the objectives and principles described in the report ‘Sustainable Financing for Sustainable Development: World Bank Group Capital Package Proposal,’ (DC2018-0002) for the April 21, 2018 meeting of the Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries, with a 5-yearly review of the implementation of the framework and its alignment with Bank strategy.  Réduire