On May 6, 2002, Multilateral Investment Guarantee Agency (MIGA) Council of Governors adopted resolution number sixty one. It was resolved that: the subscription period to the 1998 General Capital Increase (GCI) is extended for twelve months from March 29, 2002 and will end on March 28, 2003; shares that remain unsubscribed at the end of the subscription period shall be utilized towards achieving parity of voting power between category one and category two members; and during the twelve month extension period, any country listed in schedule A to the convention which decides to become a member of MIGA shall do so by subscribing, at par, the number of shares set forth in that Schedule and in the manner set forth in the convention.
Details
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Document Date
2002/05/06
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Document Type
Board Report
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Report Number
82432
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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
2013/11/25
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Disclosure Status
Disclosed
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Doc Name
Multilateral Investment Guarantee Agency (MIGA) Council of Governors resolution ; no. 61 : extension of subscription period under the resolution no. 57 of the Council of Governors
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Keywords
number of shares;multilateral investment guarantee agency;achieving parity;voting power;extension period;authorized capital;
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Citation
Multilateral Investment Guarantee Agency (MIGA) Council of Governors resolution ; no. 61 : extension of subscription period under the resolution no. 57 of the Council of Governors (English). MIGA Council of Governors Resolution ; no. 61 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/993261468327410560/Multilateral-Investment-Guarantee-Agency-MIGA-Council-of-Governors-resolution-no-61-extension-of-subscription-period-under-the-resolution-no-57-of-the-Council-of-Governors