International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 446 : membership of the Mongolian People's Republic

 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT BOARD OF GOVERNORS Resolution No. 446 Membership of the Mongolian People’s Republic WHEREAS the Government of the Mongolian People’s Republic (hereinafter called Mongolia) has applied for admission to membership in the International Bank for Reconstruction and Development in accordance with Section 1(b) of Article II of the Articles of Agreement of the Bank; WHEREAS, pursuant to Section 19 of the By-Laws of the Bank, the Executive Directors, after consultation with representatives of the Government of Mongolia, have 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 Mongolia shall be admitted to membership in the Bank shall be as follows: 1. Definitions: As used in this resolution: (a) “Bank