INTERNATIONAL FINANCE CORPORATION BOARD OF GOVERNORS Resolution No. 264 Financial Statements, Accountants’ Report, Administrative Budget and Designations of Retained Earnings RESOLVED: 1. THAT the Board of Governors of the Corporation consider the Consolidated Financial Statements and Independent Auditors’ Report included in the 2017 Annual Report and the Administrative Budget contained in the Report to the Board of Governors on IFC FY18 Budget: Implementing IFC 3.0 (the “Report”), as fulfilling the requirements of Article IV, Section 11, of the Articles of Agreement and of Section 16 of the By-Laws of the Corporation; 2. THAT the Corporation’s reallocation of US$49 million, from the unutilized balances of prior years’ designations to the Funding Mechanism for Technical Assistance and Advisory Services to IFC’s Creating Markets Advisory Window in IFC’s Fiscal Year 2018 financial statements is hereby noted with approval; 3. THAT the Corporation’s FY17 Net Income of US$1.418 billion shall be transferred to undesignated retained earnings; 4. THAT the Corporation’s designation of US$85 million of retained earnings for IFC’s Creating Markets Advisory Window in IFC's Fiscal Year 2018 financial statements is hereby noted with approval; 5. THAT the Corporation’s designation of US$40 million of retained earnings for IFC’s Funding Mechanism for Technical Assistance and Advisory Services in IFC’s Fiscal Year 2018 financial statements is hereby noted with approval; and 6. THAT the Corporation’s designation of US$80 million of retained earnings for grants to the International Development Association for use by the Association in the form of grants in furtherance of the Corporation’s purposes in IFC’s Fiscal Year 2018 financial statements is hereby noted with approval. (Adopted on October 13, 2017)