International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 8 : terms and conditions on which Lebanon shall be admitted to membership in the Bank

 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT BOARD OF GOVERNORS Resolution No. 8 Terms and Conditions on which Lebanon shall be Admitted to Membership in the Bank WHEREAS, the Government of the Republic of Lebanon has applied for admission to membership in the International Bank for Reconstruction and Development in accordance with Section l(b) of Article II of the Articles of Agreement of the Bank; and WHEREAS, pursuant to Section 20 of the By-Laws of the Bank, the Executive Directors, after consultation with representatives of the Government of the Republic of Lebanon, have made recommendations to the Board of Governors with regard to the number of shares of capital stock of the Bank to be subscribed by Lebanon and other conditions which, in the opinion of the Executive Directors, the Board of Governors may wish to prescribe; NOW, THEREFORE, the Board of Governors, having considered the recommendations of the Executive Directors, hereby RESOLVES: THAT the terms and conditions upon which the Government of the Republic of Lebanon shall be admitted to membership in the Bank shall be as follows: 1. Definitions: As used in this resolution: (a) The term “Lebanon