International Finance Corporation - Board of Governors Resolution No. 269 - Membership of Brunei Darussalam

Jul 19, 2026

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Board of Governors Resolution No. 269 authorizes the admission of Brunei Darussalam to membership in the International Finance Corporation under the Corporation’s Articles of Agreement and relevant bylaws. The resolution sets definitions, requires Brunei Darussalam to subscribe to 2,503 shares at a stated par value, specifies payment of the full subscription amount, and obliges the government to provide additional application-related information.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages2

Reading Time5 min

AccessFree to download

Resolution Overview

Admission Basis and Recommendations

Membership Terms

Definitions

Subscription and Payment

Information Requirements

Effective Date and Conditions

Deadline for Fulfillment

Public Disclosure Authorized Public Disclosure Authorized INTERNATIONAL FINANCE CORPORATION BOARD OF GOVERNORS Resolution No. 269 Membership of Brunei Darussalam WHEREAS, the Government of Brunei Darussalam has applied for admission to membership in the International Finance Corporation in accordance with Section 1(b) of Article II of the Articles of Agreement of the Corporation; and WHEREAS, pursuant to Section 17 of the By-Laws of the Corporation, the Board of Directors, after consultation with representatives of the Government of Brunei Darussalam, has made recommendations to the Board of Governors regarding this application; NOW, THEREFORE, the Board of Governors hereby RESOLVES: THAT the terms and conditions upon which Brunei Darussalam shall be admitted to membership in the Corporation shall be as follows: 1. Definitions: As used in this Resolution: (a) “Corporation” means International Finance Corporation. (b) “Articles” means the Articles of Agreement of the Corporation. (c) “Dollars” or “$”means dollars in currency of the United States of America. 2. Subscription: By accepting membership in the Corporation, Brunei Darussalam shall subscribe to 2,503 shares ofthe capital stock of the Corporation at the par value of $1,000 per share. 3. Payment of Subscription: Before accepting membership in the Corporation, Brunei Darussalam shall pay US$2,503,000 to the Corporation representing payment in full for the 2,503 shares ofthe capital stock subscribed. 4. Information: Before accepting membership in the Corporation, Brunei Darussalam shall furnish to the Corporation such information relating to its application for membership as the Corporation may request. 5. Effective Date of Membership: Brunei Darussalam shall become a member of the Corporation with a subscription as set forth in paragraph 2 of this Resolution as of the date when Brunei Darussalam shall have complied with the following requirements: (a) made the payment called for by paragraph 3 of this Resolution; (b) furnished such information as may have been requested by the Corporation pursuant to paragraph 4 of this Resolution; (c) deposited with the International Bank for Reconstruction and Development an instrument stating that it has accepted without reservation in accordance with its law the Articles and all the terms and conditions prescribed in this Resolution, and that it has taken all steps necessary to enable it to carry out all its obligations under the Articles and this Resolution; and (d) signed the original Articles held in the archives of the International Bank for Reconstruction and Development. 6. Limitation on Period for Fulfillment of Requirements of Membership: Brunei Darussalam may fulfill the requirements for membership in the Corporation pursuant to this Resolution until December 31, 2020, or such later date as the Board of Directors may determine. (Adopted on February 26, 2020)

FAQs

What is Resolution No. 269 about?

It resolves the terms and conditions for admitting Brunei Darussalam as a member of the International Finance Corporation.

How many shares must Brunei Darussalam subscribe to?

Brunei Darussalam must subscribe to 2,503 shares of the Corporation’s capital stock.

When does membership become effective and what must be completed?

Membership becomes effective when Brunei Darussalam makes the required payment, provides requested information, deposits an acceptance instrument with the International Bank for Reconstruction and Development, and signs the original Articles stored in the Bank’s archives.

Jul 19, 2026

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