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International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 276 : Membership of United Arab Emirates (English)

On August 18, 1972, the International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number two hundred and seventy six. It was resolved that, the terms and conditions upon which United Arab Emirates shall be admitted to membership in the Bank shall be as follows: (a) United Arab Emirates shall subscribe to 128 shares of the capital stock of the Bank at the par value of $100,000 per share; (b) United Arab Emirates shall accept membership in and become a member of the International Monetary Fund; (c) before accepting membership in the Bank, United Arab Emirates shall pay to the Bank on account of the subscription price of one-half of such shares and with respect to the subscription price of the other one-half of such shares, the 2 percent portion payable in gold or United States dollars and the 18 percent portion payable in the currency of the member shall be left uncalled, as set forth in Resolution No. 129; (d) United Arab Emirates shall represent to the Bank that it has taken all action necessary to sign and deposit the instrument of acceptance and sign the Articles of this resolution and shall furnish to the Bank such information in respect of such action as the Bank may request; (e) United Arab Emirates shall become a member of the Bank with a subscription as set forth in this resolution, as of the date when United Arab Emirates shall have complied with the requirements; and (f) United Arab Emirates may accept membership in the Bank pursuant to this resolution until December 29, 1972, or by such later date as the Executive Directors may determine

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International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 276 : Membership of United Arab Emirates (English). IBRD Board of Governors Resolution ; no. 276 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/242261468314354303/International-Bank-for-Reconstruction-and-Development-IBRD-Board-of-Governors-resolution-no-276-Membership-of-United-Arab-Emirates