INTERNATIONAL BANK FOR RECONSTRUCTION AND
                               DEVELOPMENT

                                   BOARD OF GOVERNORS



                                        Resolution No. 639

                                 Allocation of FY14 Net Income


RESOLVED:

1. THAT the Report of the Executive Directors dated August 7, 2014 on “Allocation of FY14
Net Income� is hereby noted with approval;

2. THAT the IBRD transfers to the International Development Association, by way of a grant
out of the FY14 allocable net income of the IBRD, $635 million, which amount may be used by
the Association to provide financing in the form of grants in addition to loans; such transfer is to
be drawn down by the Association immediately upon approval by the Board of Governors of the
IBRD; and

3. THAT the IBRD retains $134 million as surplus, plus or minus any rounding amount less
than $1 million.



                                                                     (Adopted on October 10, 2014)