INTERNATIONAL DEVELOPMENT ASSOCIATION

                                    BOARD OF GOVERNORS



                                        Resolution No. 228

             Financial Statements, Accountants’ Report and Administrative Budget


RESOLVED:

   THAT the Board of Governors of the Association consider the Financial Statements, Accountants’
Report and Administrative Budget, included in the 2011 Annual Report, as fulfilling the requirements
of Article VI, Section 11, of the Articles of Agreement and of Section 8 of the By-Laws of the
Association.



                                                                   (Adopted on September 23, 2011)