International Bank for Reconstruction and Development (IBRD) Board of Governors Resolution - Amendment of the By-Laws of IBRD - Resolution 683

Jul 19, 2026

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Resolution No. 683 amends the By-Laws of the International Bank for Reconstruction and Development (IBRD). The resolution sets out key governance provisions, including where the Bank’s principal office is located, how agencies or branch offices may be established, and how annual and special meetings of the Board of Governors are convened. It defines quorum, notice periods, attendance and voting eligibility, authority to invite observers and representatives of the International Monetary Fund, agenda preparation, and arrangements for meetings, along with selection of the Chair and Vice-Chair and the Secretary’s role.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages7

Reading Time18 min

Amendment of the By-Laws of IBRD

Section 1. Places of Business

Section 2. Meetings of the Board of Governors

Section 3. Notice of Meetings of the Board of Governors

Section 4. Attendance at Meetings

Section 5. Agenda of Meetings of the Board of Governors

Section 6. Selection of Chair and Vice-Chair

Section 7. Secretary

Section 8. Minutes

Section 9. Report of Executive Directors

Public Disclosure Authorized Public Disclosure Authorized INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT BOARD OF GOVERNORS Resolution No. 683 Amendment of the By-Laws of IBRD RESOLVED: THAT the By-Laws of the Bank be amended as follows: These By-Laws are adopted under the authority of, and are intended to be complementary to, the Articles of Agreement of the International Bank for Reconstruction and Development; and they shall be construed accordingly. In the event of a conflict between anything in these By-Laws and any provision or requirement of the Articles of Agreement, the Articles of Agreement shall prevail. SECTION 1. Places of Business (a) The principal office of the Bank shall be located within the metropolitan area of Washington, D.C., United States of America. (b) The Executive Directors may establish and maintain agencies or branch offices and regional offices at any place in the territories of any member, whenever it is necessary to do so in order to facilitate the efficient conduct of the business of the Bank. SECTION 2. Meetings of the Board of Governors (a) The Annual Meeting of the Board of Governors shall be held at such time and place as the Board of Governors shall determine; provided, however, that, if the Executive Directors shall, because of special circumstances, deem it necessary to do so, the Executive Directors may change the time and place of such Annual Meeting. (b) Special meetings ofthe Board of Governors may be called at any time by the Board of Governors or the Executive Directors and shall be called upon the request of five members of the Bank or of members of the Bank having in the aggregate one-fourth of the total voting power. Whenever any member of the Bank shall request the Executive Directors to call a special meeting of the Board of Governors, the President shall notify all members of the Bank of such request and of the reasons which shall have been given therefor. (c) A quorum for any meeting of the Board of Governors shall be a majority of the Governors, exercising not less than two-thirds of the total voting power. Any meeting of the Board of Governors at which a quorum shall not be present may be adjourned from time to time by a majority of the Governors present and notice of the adjourned meeting need not be given. SECTION 3. Notice of Meetings of the Board of Governors The President shall cause notice of the time and place of each meeting of the Board of Governors to be given to each member of the Bank by rapid means of communication which shall be dispatched not less than 42 days prior to the date set for such meeting, except that in urgent cases notice shall be sufficient if dispatched by rapid means of communication not less than 10 days prior to the date set for the meeting. SECTION 4. Attendance at Meetings (a) An Executive Director and Alternate may attend all meetings of the Board of Governors and may participate in such meetings, but an Executive Director or Alternate shall not be entitled to vote at any such meeting unless they shall beentitled to vote as a Governor or an Alternate or a temporary Alternate of a Governor. (b) The Chair of the Board of Governors, in consultation with the Executive Directors, may invite observers to attend any meeting of the Board of Governors. (c) The Executive Directors are authorized to invite the International Monetary Fund to send a representative of the Fund to meetings of the Board of Governors or of the Executive Directors who may participate in such meetings, but shall have no vote. (d) The Executive Directors are authorized to accept invitations from the Fund to send a representative of the Bank to participate in meetings ofthe Board of Governors orthe Executive Board of the Fund. SECTION 5. Agenda of Meetings of the Board of Governors (a) Under the direction of the Executive Directors, the President shall prepare an agenda for each meeting of the Board of Governors and shall ca

FAQs

What does Resolution No. 683 change regarding IBRD governance?

It amends the By-Laws of the International Bank for Reconstruction and Development, specifying how the Board of Governors operates and how related procedures are carried out.

How are annual and special meetings of the Board of Governors scheduled?

Annual meetings are held at times and places determined by the Board, with the Executive Directors able to change them under special circumstances. Special meetings may be called at any time by the Board or Executive Directors upon the request of five members or members holding one-fourth of total voting power.

What quorum and notice requirements apply to Board of Governors meetings?

Quorum requires a majority of Governors exercising at least two-thirds of total voting power. Notice must be dispatched by rapid means at least 42 days before the meeting date, except in urgent cases where 10 days is sufficient.

Jul 19, 2026

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