INTERNATIONAL DEVELOPMENT ASSOCIATION

                                    BOARD OF GOVERNORS



                                        Resolution No. 39

                                          Per Jacobsson


The Boards of Governors wish to record their sense of the profound loss suffered by the
international financial community as a consequence of the death, on May 5, 1963, of Per
Jacobsson, the former Managing Director of the International Monetary Fund. For over forty years,
he served the world selflessly and wholeheartedly with all of his great resources of intellectual
strength, courage, enthusiasm and statesmanship. Under his leadership the Fund became better
equipped than ever to realize the great ideals for which it was formed. His friendship, humanity and
charm enriched the lives and experience of all who came in contact with him. He will be
remembered with admiration and affection by all who knew him.



                                                                  (Adopted on September 30, 1963)