On September 1, 1959, International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number one hundred and twenty-nine. It was resolved that the Bank shall call 2 percent and 18 percent of subscriptions made pursuant to the resolution entitled "increase of $10,000,000,000 in authorized capital stock and subscriptions thereto" only when required to meet obligations of the Bank for funds borrowed or on loans guaranteed by it, and not for use by the Bank in its lending activities or for administrative expenses.
Details
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Document Date
1959/09/01
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Document Type
Board Report
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Report Number
83607
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2014/03/04
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Disclosure Status
Disclosed
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Doc Name
International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 129 : 2 percent and 18 percent portions of subscriptions to be left uncalled
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Keywords
authorized capital;lending activities;administrative expense;borrowing capacity;loan guarantee;
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Citation
International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 129 : 2 percent and 18 percent portions of subscriptions to be left uncalled (English). IBRD Board of Governors Resolution ; no. 129 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/637071468171263617/International-Bank-for-Reconstruction-and-Development-IBRD-Board-of-Governors-resolution-no-129-2-percent-and-18-percent-portions-of-subscriptions-to-be-left-uncalled