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International Development Association (IDA) Board of Governors resolution ; no. 132 : additions to resources - seventh replenishment (Inglês)

On August 6, 1984, International Development Association (IDA) Board of Governors adopted resolution number one hundred and thirty two. It was resolved that : (i) For the purpose of credit commitments by the Association, the Seventh Replenishment subscriptions and contributions authorized hereunder shall be divided into three successive tranches of one-third of the total amount of each such subscription and contribution; (ii) The first tranche shall become available for credit commitments as from the Effective Date, the second tranche as from November 1, 1985 or the Effective Date, whichever is later, and the third tranche as from November 1, 1986 or the Effective Date, whichever is later; and (iii) A subscription and contribution notified under a Qualified Instrument of Commitment shall become available for commitment as and to the extent that it has become unqualified. Notwithstanding any of the foregoing provisions of this paragraph 14, any member which has deposited an Instrument of Commitment may authorize the Association to use the second and third tranches of its subscription and contribution (or any part thereof) for commitment purposes prior to the dates specified in subparagraph (a) above.

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