INTERNATIONAL BANK FOR RECONSTRUCTION AND
                                  DEVELOPMENT

                                     BOARD OF GOVERNORS



                                       Resolution No. 659

                                 Allocation of FY17 Net Income


RESOLVED:

1.    THAT the Report of the Executive Directors dated August 3, 2017 on “Allocation of FY17
Net Income - Final” is hereby noted with approval;

2.   THAT the addition to the General Reserve of the IBRD of $672 million, plus or minus any
rounding amount less than $1 million, is hereby noted with approval; and

3.    THAT the IBRD transfers to the International Development Association, by way of a grant
out of the FY17 allocable net income of the IBRD, $123 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.



                                                                    (Adopted on October 13, 2017)