On February 17, 1971, International Development Association (IDA) Board of Governors adopted resolution number Seventy seven. It was resolved that the replenishment authorized by this resolution shall become effective on the date when the condition specified in subparagraph (a) above shall have been satisfied; provided, however, that no member shall be obligated to make the subscription and contribution authorized hereunder for such member unless it shall have notified the Association that it will do so. On the date when that condition shall have been satisfied, each member who shall have given the Association such notification shall be entitled to the voting rights accorded to its subscription as specified in this resolution. Each member who on any date thereafter shall give the Association such notification shall be entitled, as of that date, to the voting rights accorded to its subscription as specified in this resolution.
Details
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Document Date
1971/02/17
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Document Type
Board Report
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Report Number
121868
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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
2017/12/05
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Disclosure Status
Disclosed
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Doc Name
International Development Association (IDA) Board of Governors resolution ; no. 77 : additions to resources - third replenishment
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Keywords
voting right;Freely Convertible Currency;voting power;legislative authorization;governmental procedure;administrative problem;financial requirement;legislative action;
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Citation
International Development Association (IDA) Board of Governors resolution ; no. 77 : additions to resources - third replenishment (English). IDA Board of Governors Resolution,no. 77 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/879041512469208861/International-Development-Association-IDA-Board-of-Governors-resolution-no-77-additions-to-resources-third-replenishment