International Bank for Reconstruction and Development - Board of Governors Resolution - No. 681 - Allocation of FY20 Net Income

Jul 19, 2026

Upload by Skyler

This document, "International Bank for Reconstruction and Development (IBRD) Board of Governors Resolution No. 681: Allocation of FY20 Net Income," dated October 15, 2020, outlines the approved allocation of the IBRD's net income for the fiscal year 2020. The resolution, based on the report by the Executive Directors dated August 7, 2020, is noted with approval. It details two key financial allocations: first, the addition of $950 million, with minor rounding adjustments, to the IBRD's General Reserve. Second, the IBRD is mandated to transfer $431 million to Surplus. This surplus amount is further divided into two components: $100 million designated for grant support towards development needs, and $331 million, representing a final calculated sum, intended for IBRD's income support to IDA. However, this latter amount is subject to reconsideration for transfer to IDA if downside risks affecting the IBRD do not materialize, indicating a contingency plan based on financial risk assessment and strategic resource allocation for global development initiatives.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

AccessFree to download

Board of Governors

Resolution No. 681

Allocation of FY20 Net Income

FAQs

What is the primary purpose of Resolution No. 681?

Resolution No. 681 details the approved allocation of the International Bank for Reconstruction and Development's (IBRD) net income for the fiscal year 2020.

How much of the FY20 net income is added to the General Reserve?

An amount of $950 million, plus or minus any rounding less than $1 million, is added to the General Reserve of the IBRD.

What are the components of the $431 million transfer to Surplus?

The $431 million transfer to Surplus consists of $100 million for grant support for development needs and $331 million for IBRD's income support to IDA, subject to risk assessment.

Jul 19, 2026

Upload by Skyler