On September 29, 1967, the International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number two hundred and thirty eight. It was resolved that: (a) Botswana shall subscribe to 32 shares of the capital stock of the Bank at the par value of $100,000 per share; (b) Botswana shall accept membership in and become a member of the International Monetary Fund; (c) Botswana shall pay to the Bank on account of the subscription price of one-half of such shares and With respect to the subscription price of the other one-half of such shares, the 2 percent portion payable in gold or United States dollars and the 18 percent portion payable in the currency of the member shall be left uncalled, as set forth; (d) before accepting membership in the Bank, Botswana shall represent to the Bank that it has taken all action necessary to sign and deposit the instrument of acceptance and sign the Articles of this resolution; (e) Botswana shall become a member of the Bank with a subscription as set forth in this resolution, as of the date when Botswana shall have complied with the requirements; and (f) Botswana may accept membership in the Bank pursuant to this resolution until March 29, 1968, or by such later date as the Executive Directors may determine.
Information
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Date du document
1967/09/29
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Type de document
Rapport aux Administrateurs
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Numéro du rapport
85086
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Volume
1
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Total Volume(s)
1
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Pays
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Région
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Date de publication
2014/04/03
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Disclosure Status
Disclosed
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Titre du rapport
International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 238 : Membership of Botswana
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Mots clé
capital stock;Board of Governors;prevailing exchange rate;instrument of acceptance;subscription price;
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