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International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 433 : membership of the People's Republic of Angola (Inglês)

On August 11, 1989, International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number four hundred and thirty-three. It was resolved that Angola shall be admitted to membership in the Bank on fulfillment of following terms and conditions: (i) accept membership in and become a member of the International Monetary Fund; (ii) Angola shall subscribe to 1,252 shares of the capital stock of the Bank at par on the terms and conditions set forth or referred to in paragraph 4; (iii) Angola shall pay to the Bank under article II, section 7(i) of the articles of agreement on account of the subscription price of each of the shares subscribed pursuant to paragraph 3 of resolution: (a) gold or United States dollars equal to 0.875 percent of the said subscription price; and (b) an amount in its own currency which, at the appropriate prevailing exchange rate, shall be equal to 7.875 percent; (iv) Angola shall represent to the Bank that it has taken all action necessary to sign and deposit the instrument of acceptance and sign the articles as contemplated by paragraphs 7(d) and (e) of the resolution and Angola shall furnish to the Bank such information in respect of such action as the Bank may request; and (v) Angola has signed the original articles held in the archives of the Government of the United States of America.




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