[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110410-en":3,"doc-seo-110410-105":28,"detail-sidebar-cat-0-en-105":88},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":20,"language":21,"language_code":22,"site_id":23,"html_lang":22,"table_of_contents":24,"faqs":25,"seo_title":13,"seo_description":14,"update_tm":26,"read_time":27},110410,4398048950312,"Violet","https://ap-avatar.wpscdn.com/avatar/400002538284de19e3c?_k=1778320343897328908",8,"Research & Report","International Finance Corporation - Board of Governors Resolution - No. 277 Financial Statements","This document outlines Resolution No. 277 of the International Finance Corporation (IFC) Board of Governors, adopted on October 14, 2022. It addresses the consideration and approval of the Corporation's financial statements, accountants' report, and administrative budget. Specifically, it notes the Consolidated Financial Statements and Independent Auditors’ Report presented in the 2022 Annual Report, as well as the Administrative Budget detailed in the Report to the Board of Governors on IFC’s FY22 Operational and Financial Results and FY23 Budget. The resolution confirms that these documents fulfill the requirements stipulated by Article IV, Section 11 of the Articles of Agreement and Section 16 of the By-Laws of the Corporation. Furthermore, it mandates the transfer of the Corporation's FY22 Net Loss, amounting to US$464 million, to undesignated retained earnings. Finally, the resolution formally recognizes and approves the designation of US$6 million of retained earnings for IFC’s Funding Mechanism for Technical Assistance and Advisory Services within the Fiscal Year 2022 financial statements. The document serves as a formal record of the Board of Governors' decisions regarding IFC's financial reporting and budgetary matters for the specified fiscal year.","Public Disclosure Authorized Public Disclosure Authorized  \nINTERNATIONAL FINANCE CORPORATION  \nBOARD OF GOVERNORS  \nResolution No. 277  \nFinancial Statements, Accountants’ Report,  \nAdministrative Budget and Designation of Retained Earnings  \nRESOLVED:  \n1. THAT the Board of Governors of the Corporation consider the Consolidated Financial Statements and Independent Auditors’ Report included in the 2022 Annual Report and the Administrative Budget contained in the Report to the Board of Governors on IFC’s FY22 Operational and Financial Results and FY23 Budget (the “Report”), as fulfilling the requirements of Article IV, Section 11, of the Articles of Agreement and of Section 16 of the By-Laws of the Corporation;  \n2. THAT the Corporation’s FY22 Net Loss of-US$464 million shall be transferred to undesignated retained earnings; and  \n3. THAT the Corporation be authorized to conclude the designation of US$6 million of retained earnings for IFC’s Funding Mechanism for Technical Assistance and Advisory Services in IFC's Fiscal Year 2022 financial statements is hereby noted with approval.  \n(Adopted on October 14, 2022)","cbCaiq14YC9IM3ZL","https://ap.wps.com/l/cbCaiq14YC9IM3ZL","pdf",353349,1,"English","en",105,"# Consolidated Financial Statements and Independent Auditors’ Report\n# Administrative Budget\n# Designation of Retained Earnings","[{\"question\":\"What is the purpose of Resolution No. 277?\",\"answer\":\"Resolution No. 277 of the IFC Board of Governors addresses the consideration and approval of the Corporation's financial statements, accountants' report, and administrative budget for Fiscal Year 2022.\"},{\"question\":\"What was the net result for IFC in FY22 according to the resolution?\",\"answer\":\"The Corporation's FY22 Net Loss was US$464 million, which is to be transferred to undesignated retained earnings.\"},{\"question\":\"What is the significance of the US$6 million designation of retained earnings?\",\"answer\":\"The US$6 million designation of retained earnings is for IFC’s Funding Mechanism for Technical Assistance and Advisory Services and has been noted with approval in the Fiscal Year 2022 financial 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