International Finance Corporation (IFC) Board of Governors resolution ; no. 122 : membership of the People's Republic of Benin

 INTERNATIONAL FINANCE CORPORATION BOARD OF GOVERNORS Resolution No. 122 Membership of the People’s Republic of Benin WHEREAS the Government of the People’s Republic of Benin has applied for admission to membership in the International Finance Corporation in accordance with Section 1(b) of Article II of the Articles of Agreement of the Corporation; and WHEREAS, pursuant to Section 17 of the By-Laws of the Corporation, the Board of Directors, after consultation with representatives of the Government of the People’s Republic of Benin, has made recommendations to the Board of Governors regarding the application of said Government; NOW, THEREFORE, the Board of Governors hereby RESOLVES: THAT the terms and conditions upon which the People’s Republic of Benin shall be admitted to membership in the Corporation shall be as follows: 1. Definitions: As used in this resolution: (a) “Corporation