On October 8, 1998, the International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number five hundred and twenty four. It was resolved that: (a) the Bank transfer to the International Development Association, by way of grant, an amount equivalent to up to $370 million in SDRs in the component currencies of the SDR as of June 30, 1998, $210 million to be transferred out of the FY98 net income of the Bank and...
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