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International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 436 : allocation of FY89 net income (Inglês)

On September 28, 1989, International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number four hundred and thirty-six. It was resolved that: (i) the report of the Executive Directors dated June 29, 1989 on allocation of FY89 net income is noted with approval; (ii) the Bank transfer by way of grant the equivalent of 100 million dollars to the debt reduction facility for International Development Association (IDA) only countries, administered by the IDA, out of the net income of the Bank for the fiscal year ended June 30, 1989, such transfer to be made at a time and in a manner decided by the Executive Directors; provided, however, that the amount of such grant may at any time be changed by agreement between the Bank and the Association into an equivalent amount in other currencies; and (iii) the addition of the balance of such net income to the General Reserve is noted with approval.

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