Resolution No. 273 - Amendment to the Articles of Agreement of the Corporation

Jul 19, 2026

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The International Finance Corporation (IFC) Board of Governors has issued Resolution No. 273, pertaining to an amendment to the Articles of Agreement of the Corporation. This resolution, adopted on April 16, 2020, specifically modifies Article II, Section 2(c)(ii). The amendment stipulates that in certain cases, decisions will require an eighty-five percent majority of the total voting power. This resolution is intended to be adopted concurrently with the "2018 General Capital Increase" resolution, establishing a linkage between the two proposals. According to Article VII(c), the amendment will become effective for all members once the Corporation formally certifies that the "2018 General Capital Increase" resolution has become effective and that three-fifths of the Governors, representing eighty-five percent of the total voting power, have adopted this amendment. The Board of Directors had previously recommended this amendment in a report dated June 4, 2018, and the Chairman of the Board of Governors requested its submission to the Board of Governors. The modification adjusts the voting threshold required for certain actions, aiming to facilitate the Corporation's financial and operational enhancements through concurrent adoption with the capital increase initiative.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

AccessFree to download

Amendment to the Articles of Agreement of the Corporation

Section 2. Capital Stock

FAQs

What is the primary purpose of Resolution No. 273?

Resolution No. 273 concerns an amendment to Article II, Section 2(c)(ii) of the International Finance Corporation's Articles of Agreement, specifically altering the voting majority required in certain cases to eighty-five percent of the total voting power.

When was Resolution No. 273 adopted?

Resolution No. 273 was adopted on April 16, 2020.

What is the linkage between Resolution No. 273 and the "2018 General Capital Increase"?

The resolution states that Resolution No. 273 and the proposed "2018 General Capital Increase" are intended to be adopted concurrently to achieve a linkage between the two.

Jul 19, 2026

Upload by Riley