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ARTICLE IX  - Final Provision


(as amended through June 27, 2012)

 


  

Section 1.       Entry into Force 

 

 This Agreement shall enter into force when it has been signed on behalf of not less than 30 governments whose subscriptions comprise not less than 75 percent of the total subscriptions set forth in Schedule A and when the instruments referred to in Section 2 (a) of this Article have been deposited on their behalf, but in no event shall this Agreement enter into force before October 1, 1955.

 

Section 2.       Signature 

 

(a)  Each government on whose behalf this Agreement is signed shall deposit with the Bank an instrument setting forth that it has accepted this Agreement without reservation in accordance with its law and has taken all steps necessary to enable it to carry out all of its obligations under this Agreement.

 

(b)  Each government shall become a member of the Corporation as from the date of the deposit on its behalf of the instrument referred to in paragraph (a) above except that no government shall become a member before this Agreement enters into force under Section 1 of this Article.

 

(c)  This Agreement shall remain open for signature until the close of business on December 31, 1956, at the principal office of the Bank on behalf of the governments of the countries whose names are set forth in Schedule A.

 

(d)  After this Agreement shall have entered into force, it shall be open for signature on behalf of the government of any country whose membership has been approved pursuant to Article II, Section 1 (b).

 

Section 3.       Inauguration of the Corporation 

(a)  As soon as this Agreement enters into force under Section 1 of this Article the Chairman of the Board of Directors shall call a meeting of the Board of Directors.

 

(b)  The Corporation shall begin operations on the date when such meeting is held.

 

(c)  Pending the first meeting of the Board of Governors, the Board of Directors may exercise all the powers of the Board of Governors except those reserved to the Board of Governors under this Agreement.

 

DONE at Washington, in a single copy which shall remain deposited in the archives of the International Bank for Reconstruction and Development, which has indicated by its signature below its agreement to act as depository of this Agreement and to notify all governments whose names are set forth in Schedule A of the date when this Agreement shall enter into force under Article IX, Section 1 hereof.

 

SCHEDULE A
Subscriptions to Capital Stock of the International Finance Corporation

Country

Number of Shares

Amount (in United States Dollars)

 

 

 

Australia

2,215

2,215,000

Austria

554

554,000

Belgium

2,492

2,492,000

Bolivia

78

78,000

Brazil

1,163

1,163,000

 

 

 

Burma

166

166,000

Canada

3,600

3,600,000

Ceylon

166

166,000

Chile

388

388,000

China

6,646

6,646,000

 

 

 

Colombia

388

388,000

Costa Rica

22

22,000

Cuba

388

388,000

Denmark

753

753,000

Dominican Republic

22

22,000

 

 

 

Ecuador

35

35,000

Egypt

590

590,000

El Salvador

11

11,000

Ethiopia

33

33,000

Finland

421

421,000

 

 

 

France

5,815

5,815,000

Germany

3,655

3,655,000

Greece

277

277,000

Guatemala

22

22,000

Haiti

22

22,000

 

 

 

Honduras

11

11,000

Iceland

11

11,000

India

4,431

4,431,000

Indonesia

1,218

1,218,000

Iran

372

372,000


 

 

Country

Number of Shares

Amount (in United States Dollars)

 

 

 

Iraq

67

67,000

Israel

50

50,000

Italy

1,994

1,994,000

Japan

2,769

2,769,000

Jordan

33

33,000

 

 

 

Lebanon

50

50,000

Luxembourg

111

111,000

Mexico

720

720,000

Netherlands

3,046

3,046,000

Nicaragua

9

9,000

 

 

 

Norway

554

554,000

Pakistan

1,108

1,108,000

Panama

2

2,000

Paraguay

16

16,000

Peru

194

194,000

 

 

 

Philippines

166

166,000

Sweden

1,108

1,108,000

Syria

72

72,000

Thailand

139

139,000

Turkey

476

476,000

 

 

 

Union of South Africa

1,108

1,108,000

United Kingdom

14,400

14,400,000

United States

35,168

35,168,000

Uruguay

116

116,000

Venezuela

116

116,000

Yugoslavia

443

443,000

 

 

 

Total

100,000

100,000,000

 

 

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