Colombia Signing the Articles of Agreement of the International Bank on December 26, 1946

I~EBMATIONAL BANK FOR . DEVELOPMENT RECONSTRUCTION AND . . FOR TH]} Pro1SS FOR tMMY'..J)IATE BELEt\SE No. 24 December 26, 1,946 Harold D. Smith,. Vice President of the Interna.ti onal Ba.nk for Reconstructio~ and Pevelopment, announced today th~t Colombia , had signed th~ Articles of Agreement of the International ;J3ank, Colombia ha.s been a member of the International Monet?..ry Fund since its inception~ Colombia is one of the countries which attended th9 Bretton Woods Conference in the aummer of 1944, Under the Articles of Agreement of the Bank, the sub scri'pt ion tt> thL capi ta.l of the ]P.,nk assigned to Colombia is $J.5, 000, 000 • By action of the Board of •• Governors of the Bank at the initial meeting e.t Savannah, Georgia, in March 1946, the time durini which thoSE! countries a.ttending the Bret ton Woods Conference a.re entitled to accept the Articles of Agreement was extended from Dece1!lber. J). 1 1945 t"' December 31, l94~, tther countries entitled to sign the Articles of Agreement before the end of this year, which have not yet a.one so, are Australia, Libe:r-ia, J:.Tew ~ealand, the Union of Soviet Socialist Republics, and Venezuela • •