About IFC  IFC Governance  Articles of Agreement

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
     
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

 

Download ARTICLES OF AGREEMENT [PDF]

- Arabic

- Chinese

- English

- French

- Japanese

- Portuguese

- Russian

- Spanish


Disclaimer:
The only official version of the IFC Articles of Agreement is the version in English that is actually signed by a member country.