(not for public use}


!       INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT



                                                           Secl1 61- 282



    FRON:   The Secretary                                  December 18, 1961




                    IBRD RESOLUTIONS OF EXECUTIVZ DIRZCTORS
                           (and Certain Decisions)

            Further to the lis t of 11 RESOLUTIONS OF EXECUTIVE DIRECTCRS

    (Al!D CI:RTAIN D::CISIOiiS) 11 issued on February 15, 1960 (SeeN 60-6)

    and on November 25, 1960 (Sed'1 60- 221), attached is a supplementarJr

    list of all resolutions a nd certain decisions a dopted by the

    Executive Directors of the Ban:..: from November 8, 1960 to December

    6, 1961.




    Distribution:

      Executive Directors and Alternates                                       ,..
                                                                               I
      President
      Vice Presidents                                                          ,..
                                                                               ~~
                                                                               JC
      Department Heads
      Legal Department (19)                                                    ,~
      Secretary ' s Office (5)
      Secretary, International iionetary Fund
                                      - 58 -
                    RESOLUTIONS OF EXECUTIVE DIRECTORS ( Cont 1 d)

Number                                                          Approved

60- 44       Adding a net-v Section 6 to the Regulations
             Relating to Executive Directors and
             Alternates adopted pursuant to Section lL. of
             the By-Laus of the Bank.                           November 8, 1960

60- 45       Arrangements vrith International Developroont
             Association.                                       November 8, 1960

                        Investment in Special Reserve
                        (Decision - 1'160-11)                   November 8, 1960

60- 46       Approval of Loan to Kingdom of Norway
             (Tokke Expansion Project) in the amount
             of $25, ooo, ooo .                                December 1, 1 960

60-47        Approval of Loan to The Japan Develop-
             ment Banlc (Thir d KaH-asaki Project) in
             the amount of ~~6,000, 000 to be guaranteed
             by Japan.                                          December 1 6, 1960

60-48        Approval of Loan to The Japan Development
             Bank (Second Sumitomo Project) in the amount
             of ~~7 , 000, 000 to be guaranteed by Japan. December 16, 1960

60-49        Approval of Loan to Republic of Peru
             (Aguaytia-Pucallpa Road Project) in the
             amotmt of ~~5 ,500,000 .                           December 16, 196o

61- 1       Approval of Loan to Nacional Financiera,
            S . A. (Irrigation Program) in the amount
            of ~?lS , ooo,ooo to be guaranteed by United
            Hexican States .                                    Janu<ll'y 13, 1961

61-2         Approval of Loan to Union of Burma
             RailHay Board (Se cond Railv1ay Project)
             in the amount of ~~ll+,OOO,OOO to be
             guaranteed by The Union of Burma.                  January 13, 1 961

61-3         Authorization to Borrow US$148,ooo,ooo
             and DH 200, 000,000.                               January 13 , 1 961

61-4         Authorization to Borro1-1 US$llO,OOO,OOO
             and DM200, 000, 000.                               January 18, 1961

61- S        Increases in Capital Subscriptions -
             Extension of Period                                January 30, 1961

61-6         Approval of Loan to Insituto Costarricense
             de Electricidad (Rio Hacho Hydroelectric
             Project) in the amount of ~8 ,800,000 to
             be guaranteed by Republica de Costa Rica.          February 2, 1961

December 18, 1961
                                        -59 -
                    RESOLUTIONS OF EXECUTIVE DIRECTORS(Cont'd)

Number                                                            Approved

61-7       Loan Regulations Nos . 3 and 4.                        February   14,   1961

61- 8      Approval of Loan to Yugoslav Investment
           Ban!c(Povrer Projects) in the amount of ()30,000,000
           to be guaranteed by ~1e Federal People's
           Republic of Yugoslavia.                             February 21, 1961

                     S'tri.ss Franc Borrm·dngs
                     (Decision - St16l-4)                         Har ch 1, 1961

61- 9      Authorizing the Issuance and Sale of 4%
           Swiss Franc Bonds of 1 961.                            Harch 9, 1961

61 -10     Approval of Loan to The Ja:9an Development Bank
           (Second Kyu.shu. Froject) in the amount of
           ~~12,000, 000 to be guaru.nteed by Japan.              t:Iarch lS, 1 961

                     Educational G:.• ant a..J.d Herne Leave
                     (Decision - 1161-3)                          March lS, 1 961

61-11      Approval of Loan to UGanda P~otectorate
           (Uganda Electricity Doard Project) in the
           amount ci ~:;a , 40C:, 000 to b e gu.ar a:l':.eed by
           United Kingdom of Great Eri t.:.in and Northern
           Ireland.                                               Harch 28, 1961

                     Investment of Bank Funds
                     (Decision - SI161-6)                         Narch 28 , 1961

                     President of International Finance
                     Corporation
                     (Decision - SH61-7)                          April 4, 1961

61-12      Authorizing the Issuan~e of 4~% Bonds of 1960.         April 11, 1961

61-13      Authoriz ing the Issuance of 4~% Deutsche
           Mark Bonds of 1960 .                                   April 11, 1 961

61- 14     Increase of aut~oriza~ion for Private Sale
           of Portions of Loans.                                  April 11, 1961

61-lS      Approval of Loan to Governm:mt of Ceylon
           (Horton BridGe H ydro an<i Second Grandpass
           Thermal Povrer Project) in the amount of
           $1S,ooo,ooo.                                           April 27, 1961




December 18, 1961
                                        -6o-
                     RESOLUTIONS OF EXJ:CUTIVE DIRECT<RS( Cont 1 ~

Number                                                            Approved

61-16       Approval of Loan to The State Railvray
            of Thailand(Third Railuay Project) in the
            amount of ~~22,000, 000 to be guaranteed by
            the Kingdom of Thailand.                              April 27 , 1961

61-17       Appraval of Loan to Japanese National
            Railuays (Neu Tokaido Line Project) in
            the amount of ~Bo,ooo,ooo to be guaranteed
            by Japan.                                             Hay 1, 1961

                      Home Leave
                      (Decision - SN61- 9)                        May 1, 1 961
                      (also SI:-161-15 of July 20, 1961)

61-18       Audit of Accounts •                                   Hay 5, 1961

61-19       Approval o f Loan to l!~mpresas Publicas de
            iiedellin (Second Glladalupe Pro ject) in the
            amount of 022,000,000 to be guaranteed by
            the Republic of Colombia .                            Nay 11, 1961

61-20       Authorizing the Issuance and Sale of 4~%
            Nethe rland::: Guilder Bonds of 1961 .                Hay 11, 1961

                      Exe cutive Session(Headquarters
                      Offices)
                     (Decision - J:-161- 5)                       Nay 11, 1961

                      Italian Lire Borrovnng
                      (De cision - Sl-161-10)                     Nay 25, 1961

61 - 21     Approval of Loan to The Republic of the
            Sudan(Roseires Irrigation Project) in the
            amount of ~?19,500,000.                               June 1), 1961

61-22       Approval of Loan to The Pakistan Industrial
            Cr edit and Investment Corpor a tion Limited
            (Third Industrial Credit and Investment
            Pr oj ect) in the amount of to?l5 ,000,000 to be
            guaranteed by the Republic of Pakistan.               June 1 3, 1961

61 - 23     Approval of Loan to Iv  Jifalei Yam Hamelah B.M.
            (Dead Sea vlorks Limited) (Potash Project)
            in the amount of !::;25, 000,000 to be guaranteed ·
            by the State of Israel.                               June 15, 1961



December 18 , 1961
                                        - 61 -
                    RESOLUTIONS OF EXECUTIVE DIRECTORS(Cont ' c)

Number                                                         Approved

61- 24     Approval of Loan to the Colony of Briti sh
           Guiana(British Guiana Credit Corporation
           Project) in the amount of ~1,250 ,000 to be
           guaranteed by the United Kingdom of Great
           Britain and Northern I reland.                      Jure 15, 1961

61- 25     Authorizing the Issuance and Sale of 5%
           Italian Lire Bonds of 1961.                         June 27, 1961
61- 26     Approval of Loan to Republic of Chile
           (Higrmay Haintenance Project) in the
           amount of $6,000, 000 .                             June 27, 1961

61- 27     Approval of Loan to The Argentine Republic
           (Road Project) in t he araount of ()48,500, 000 .   June 29, 1961

61- 28     Approval of Loan to the Commissioners for
           the Port of Calcutta (Second Calcutta
           Port Project) in the amount of $21, 000,000
           to be guaranteed by I ndia.                         July 6, 1961
61- 29     Approval of Loan to Republic of the
           Philippines (Dredging Project) in the
           amount of US$8,5oo, ooo .                           July 20, 1961

61- 30     Approval of Loan to I ndia(Private Sector
           Coal Production Project) in the amount
           of (>35,000, 000.                                   August 8, 1961
61- 31     Approval of Loan to l'·iortgage Bank of
           Finland Oy(Woodworking Projects - 1961)
           i n the amount of t>25,ooo,ooo to be
           guaranteed by the Republic of Finland               August 8, 1961

61- 32     Resolution Authorizing $100,000,000 Principal
           amount of T~ro Year Bonds of 1961, Due September
           15, 1963, and the Sale Thereof.                  August 8, 1961

61- 33     Redemption of S"t-riss Franc Bonds of 1952.         August 8, 1961
                     Devel opment Advisory Service
                     (Decision - N61- 8)                       August 8, 1961
                     Study of Financial Relationships
                     Bett·reen Bel gium and Congo
                     (Deci sion - 1161- 8)                     August 8, 1961
                     Col ombia - Request for Bank ' s Good
                     Offices
                     (Decision - 1'161-8)                      August 8, 1961

December 18, 1961
                                         - 62 -
                      RESOLUTIONS OF EXECUTIVE DIRECTORS(Cont 1 d)

Nllinber                                                         Approved

61-34       Approval of Loan to Republic of Colombia
            (Road Project) in the amount of (.19,500,000.        August 15, 1961

61-35       Approval of Loan to Territory of Trinidad
            and Tobago(Trinidad and Tobago Electricity
            Commission Project) in the amount of ~:> 23, 500 ,000
            to be guaranteed by United Kingdom of Great
            Britain and Northern Ireland.                         August 15, 1961

61-36       Approval of Loan to Banco Central de Costa
            Rica (Second Industrial Equipment Project)
            in the amount of ~) 3 , 000,000 to be guaranteed
            by Republ i ca de Costa Rica.                        September   5, 1961
61-37       Approval of Loan to the Volta River Authority
            (Volta Project) in the amount of ~>47 , 000, 000
            to be guaranteed by Republic of Ghana.               September 7, 1961

61-38       Approval of Loan to Republica of Costa Rica
            (Highuay Project) in t he amount of C5,5oo,ooo.      October 12, 1961

61-39       Approval of Loan to India (Sixth Railway
            Project) in the amount of (~50,000 , 000 .           October 12, 1961

61-40       Approval of Loan to National PoVTer Corporation
            (Angat Project) in the amount of C34,ooo, ooo
            to be guaranteed by Republic of the Philippines . October 12, 1961

61-41       Rede~tion    of Swiss Franc Bonds of 1951.           October 12, 1961

61-42       Authorizing the Borrouing of 100 million
            Swiss Francs from the S-vriss Confederation.         October 12, 1961

61-43       Increase of Authorization for Priva te Sale
            of Portions of Loans .                               October 24, 1961

61-44       Approva l of Loan to Republic of Peru(HighHay
            Naintenance and Improveme nt Project) in the
                       t
            amount of ...:10, 000, 000 .                         November 2, 1961

61-45       Nembership of Syrian Arab Republic and
            Subscription of United Arab Republic.                November 2, 1961

61- 46      Approv al of Loan to the Developnent Bank
            of Ethiopia(Second Development Bank Project)
            in the amount of f:r2,000,000 to be guaranteed
            by t he Empir e of Ethiopia.                         November 21, 1961

                       Project Study-the Philippines
                       (Decision - 1161-10)                      November 21, 1961

De cembe r 18, 1961