INTERNATIONAL DEVELOPMENT ASSOCIATION

                                     BOARD OF GOVERNORS



                                         Resolution No. 115

                                     Membership of Dominica


   WHEREAS the Government of Dominica has applied for admission to membership in the
International Development Association in accordance with Section 1(b) of Article II of the Articles
of Agreement of the Association; and

    WHEREAS, pursuant to Section 9 of the By-Laws of the Association, the Executive Directors,
after consultation with representatives of the Government of Dominica, have made
recommendations to the Board of Governors regarding this application;

   NOW, THEREFORE, the Board of Governors hereby

RESOLVES:

   THAT the terms and conditions upon which Dominica shall be admitted to membership in the
Association shall be as follows:

1. Definitions: As used in this resolution:
   (a) “Association� means International Development Association.
   (b) “Articles� means the Articles of Agreement of the Association.
   (c) “Dollars� or “$� means dollars in currency of the United States of America.

2. Initial Subscription:
   (a) The terms and conditions of the membership of Dominica in the Association other than
        those specifically provided for in this resolution shall be those set forth in the Articles with
        respect to the membership of original members listed in Part II of Schedule A thereof
        (including, but not by way of limitation, the terms and conditions relating to subscriptions,
        payments on subscriptions, usability of currencies and voting rights).
   (b) Upon accepting membership in the Association, Dominica shall subscribe funds in the
        amount of $80,000 expressed in terms of United States dollars of the weight and fineness
        in effect on January 1, 1960.
   (c) Before accepting membership in the Association, Dominica shall make all payments on its
        initial subscription which would have been payable on or before the date of acceptance had
        it become a member of the Association as an original member listed in Part II of Schedule
        A of the Articles.

3. Acceptance of Membership: Dominica shall become a member of the Association with a
subscription as set forth in paragraph 2(b) of this resolution as of the date when Dominica shall
have complied with the following requirements:
    (a) become a member of the International Bank for Reconstruction and Development;
    (b) made the payments called for by paragraphs 2(b) and (c) of this resolution;
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    (c) deposited with the International Bank for Reconstruction and Development an instrument
        stating that it has accepted in accordance with its law the Articles and all the terms and
        conditions prescribed in this resolution, and that it has taken all steps necessary to enable it
        to carry out all its obligations under the Articles and this resolution; and
    (d) signed the original Articles held in the archives of the International Bank for
        Reconstruction and Development.

4. Limitation on Period for Acceptance of Membership: Dominica may accept membership in the
Association pursuant to this resolution until June 30, 1980, or such later date as the Executive
Directors of the Association may determine.

5. Additional Subscription:
   (a) Upon or after acceptance of membership, Dominica shall also be authorized at its option to
       make an additional subscription in the amount of $7,939 which shall carry 7,006 votes.
   (b) Payment of such additional subscription shall be made in the currency of Dominica within
       30 days after Dominica notifies the Association of its intention to make such additional
       subscription.
   (c) The rights and obligations of the Association and Dominica with regard to such additional
       subscription shall be the same (except as otherwise provided in this resolution) as those
       which govern the 90% portion of the initial subscriptions of original members payable
       under Article II, Section 2(d) of the Articles by members listed in Part II of Schedule A of
       the Articles, provided, however, that the provisions of Article IV, Section 2 of the Articles
       shall not be applicable to such subscription.



                                                                        (Adopted on October 5, 1979)