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Multilateral Investment Guarantee Agency (MIGA) Council of Governors resolution ; no. 54 : membership of the Republic of Palau (Inglês)

On December 12, 1997, Multilateral Investment Guarantee Agency (MIGA) Council of Governors adopted resolution number fifty-four. It is resolves that: before becoming a party to the Convention Establishing the Multilateral Investment Guarantee Agency (the ‘convention’), the Republic of Palau shall accept membership in and become a member of the International Bank for Reconstruction and Development. Upon deposit of its instrument of ratification, acceptance or approval of the convention, the Republic of Palau shall be obligated to: i) subscribe at par to 50 shares of the capital stock of the agency; and ii) pay in full to the Agency the paid-in portions of the subscription price of such shares in accordance with articles seven and eight of the convention.

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