International Finance Corporation - Board of Governors Resolution No. 281 - 2018 IFC General Capital Increase Resolution No. 272 - Amendment to Extend the Subscription Deadline

Jul 19, 2026

Resolution No. 281 of the International Finance Corporation (IFC) Board of Governors amends the provisions of Resolution No. 272 to extend the subscription deadline for shares subscribed under the original general capital increase framework. It revises paragraph 4(b) to specify that subscriptions must be submitted by no later than the fifth anniversary of the effectiveness date, including the required Instrument of Subscription representations and undertakings. Other provisions remain unchanged, with effectiveness tied to Governor approval and application commencing April 17, 2024 (adopted April 1, 2024).

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Resolution Background

Key Amendments to Resolution No. 272

Revised subscription requirements (paragraph 4(b))

Unchanged Provisions and Effective Date

Adoption and application commencement

Public Disclosure Authorized Public Disclosure Authorized INTERNATIONAL FINANCE CORPORATION BOARD OF GOVERNORS Resolution No. 281 2018 IFC General Capital Increase Resolution No. 272 – Amendment to Extend the Subscription Deadline WHEREAS by Resolution No. 272 adopted by the Board of Governors on April 16, 2020, the authorized capital of International Finance Corporation (the Corporation) was increased by $4,579,995,000 in terms of United States Dollars, divided into 4,579,995 shares of capital stock, each having a par value of one thousand United States dollars ($1,000), with general allocation of shares to members as set forth in paragraph 2 of Resolution No. 272; WHEREAS the Board of Directors ofthe Corporation has concluded that it is desirable to amend the provisions of Resolution No. 272 to extend the subscription deadline for shares to be subscribed pursuant to the terms of the said Resolution and have submitted the proposal therefor to the Board of Governors on the basis set forth below; NOW, THEREFORE, the Board of Governors hereby resolves as follows: 1. Resolution 272 is hereby amended and paragraph 4(b) of the said Resolution now reads: (b) Each subscription shall be made by the subscribing member depositing with the Corporation not later than the fifth anniversary of the date of effectiveness of the increase in the authorized capital stock of the Corporation, in a form acceptable to the Corporation, an Instrument of Subscription whereby the member: (i) subscribes to the total number of shares specified in such Instrument; (ii) will pay for such total number of shares in a manner consistent with the terms of this Resolution; (iii) represents to the Corporation that it has taken all action necessary to authorize such subscription; and (iv) undertakes to furnish to the Corporation such information as to the foregoing matters asthe Corporation may request. 2. All provisions of Resolution 272 not specifically amended hereby remain unchanged. 3. The provisions of this Resolution shall become effective upon approval by the Governors with application commencing on April 17, 2024. (Adopted on April 1, 2024)

FAQs

What does Resolution No. 281 do to Resolution No. 272?

It amends Resolution No. 272 specifically to extend the subscription deadline for shares subscribed under that resolution framework.

How is the revised subscription deadline determined in paragraph 4(b)?

Each subscription must be made by the subscribing member by no later than the fifth anniversary of the date of effectiveness of the authorized capital increase.

When does Resolution No. 281 become effective?

It becomes effective upon approval by the Governors, with application commencing on April 17, 2024; it was adopted on April 1, 2024.

Jul 19, 2026

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