2018 IFC Selective Capital Increase Resolution No. 278 – Amendment to Extend the Subscription and Payment Deadline

Jul 19, 2026

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This document contains Resolution No. 278 of the Board of Governors of the International Finance Corporation (IFC), adopted on April 20, 2023. It details an amendment to Resolution No. 271, which had previously increased the Corporation's authorized capital by $919,998,000. The primary purpose of Resolution No. 278 is to extend the subscription and payment deadlines for shares subscribed or to be subscribed under Resolution No. 271. Specifically, the final subscription date and the final payment date, originally set as the third anniversary of the capital increase's effectiveness, are both extended to the fifth anniversary of the date of effectiveness. All other provisions of Resolution No. 271 remain unchanged. The resolution is to become effective upon approval by the Governors and will have retroactive application commencing on April 17, 2023. The document provides the WHEREAS clauses outlining the background of the capital increase and the Board of Directors' conclusion that an amendment is desirable, followed by the NOW, THEREFORE, the Board of Governors hereby resolves clauses detailing the specific changes to the subscription and payment timelines.

LanguageEnglish

CategoryResearch & Report

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Pages1

Reading Time3 min

Resolution No. 278

2018 IFC Selective Capital Increase Resolution No. 271 – Amendment to Extend the Subscription and Payment Deadline

WHEREAS clauses

NOW, THEREFORE, the Board of Governors hereby resolves as follows:

FAQs

What is the main purpose of IFC Resolution No. 278?

The main purpose of IFC Resolution No. 278 is to amend Resolution No. 271 by extending the deadlines for subscribing to and paying for shares that were part of a selective capital increase.

What specific changes does Resolution No. 278 make to Resolution No. 271?

Resolution No. 278 changes the final subscription date and the final payment date from the third anniversary of the capital increase's effectiveness to the fifth anniversary of its effectiveness.

When does Resolution No. 278 become effective and when does it apply from?

Resolution No. 278 becomes effective upon approval by the Governors and has a retroactive application commencing on April 17, 2023.

Jul 19, 2026

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