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International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 478 : allocation of FY92 net income (Inglês)

On September 24, 1992, the International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number four hundred and seventy-eight. It was resolved that, 1) the Report of the Executive Directors dated July 28, 1992 on Allocation of FY92 Net Income is hereby noted with approval; 2) the addition to the General Reserve of the Bank for the fiscal year ended June 30, 1992 of $250 million in order to achieve the Bank’s reserves target, which will remain 11 percent for the Bank's reserves-to-loans ratio, and to cover estimated costs of a waiver for all payment periods commencing in the fiscal year ending June 30, 1993 of 35 basis points on the interest rate charged to borrowers which have serviced all their loans from the Bank in a timely manner, is hereby noted with approval; the Bank transfer, by way of grant, out of the net income of the Bank for the fiscal year ended June 30, 1992, an amount equivalent to $300 million in SDRs, in the component currencies of the SDR, as of June 30, 1992, to the International Development Association; and 4) any excess of net income over $550 million be retained as surplus, provided that an amount equivalent to $375 million in SDRs, in the component currencies of the SDR, as of June 30, 1992, be transferred from surplus, by way of grant, to the International Development Association when the Tenth Replenishment of the Association becomes effective.

Detalhes

  • Data do documento

    1992/09/24

  • TIpo de documento

    Relatório da Diretoria Executiva

  • No. do relatório

    85394

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Mundo,

  • Região

    Regiões Mundiais,

  • Data de divulgação

    2014/05/19

  • Disclosure Status

    Disclosed

  • Nome do documento

    International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 478 : allocation of FY92 net income

  • Palavras-chave

    component currency;Board of Governors;bank transfer;

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