International Finance Corporation (IFC) - Board of Governors Resolution No. 274 - Financial Statements, Accountants’ Report, Administrative Budget and Designation of Retained Earnings

Jul 19, 2026

This document outlines Resolution No. 274 of the International Finance Corporation (IFC) Board of Governors, concerning the adoption of financial statements, accountants' report, administrative budget, and the designation of retained earnings. The resolution confirms that the Consolidated Financial Statements and Independent Auditors’Report from the 2020 Annual Report, along with the Administrative Budget detailed in the Report to the Board of Governors on IFC’S FY20 Operational and Financial Results and FY21 Budget, satisfy the requirements of Article IV, Section 11 of the Articles of Agreement and Section 16 of the By-Laws. It further mandates the transfer of IFC’s FY20 Net Loss of US$1,672 million to undesignated retained earnings. Additionally, the Corporation is authorized to designate $44 million of retained earnings for IFC’s Creating Markets Advisory Window within its Fiscal Year 2020 financial statements. This resolution was adopted on October 15, 2020, signifying a key financial and administrative decision for the organization. The document provides critical updates on the financial standing and budgetary allocations of the International Finance Corporation for the specified fiscal year.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

AccessFree to download

Resolution No. 274

Financial Statements, Accountants’ Report, Administrative Budget and Designation of Retained Earnings

Resolved

FAQs

What is the purpose of Resolution No. 274?

Resolution No. 274 addresses the financial statements, accountants' report, administrative budget, and the designation of retained earnings for the International Finance Corporation (IFC).

How is the FY20 Net Loss of the IFC handled according to this resolution?

According to Resolution No. 274, the IFC's FY20 Net Loss of US$1,672 million is to be transferred to undesignated retained earnings.

What authorization is granted regarding retained earnings for the Creating Markets Advisory Window?

The Corporation is authorized to designate $44 million of retained earnings for IFC’s Creating Markets Advisory Window in its Fiscal Year 2020 financial statements.

Jul 19, 2026

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