Announcement of Dominican Republic Withdraws from Membership on December 2, 1960

,-=rs • • UlJ bo/; , • JOINT PRESS RELEASE WORLD BANK TIJTERNP..TIONAL FINANCE CORPORAT;ON For Immediate Release SUBJECT: D:::>minican Republic Withdraws December 2, 196o from Membership The Government of the Dominican Republic has withdrawn from membership in the World Bank. The withdrawal took effect yesterday, December 1, when the Bank received written notification of the Government 1 s decision to with- draw. At the same time, the Dominican Republic automaticaJ.ly ceased to be a member of the International Finance Corporation, an affiliate of the Bank. Neither the Bank nor the Corporation has made any investments in the • Dominican Republic. In accordance with the Articles of .Agreement of the Bank and of the Corporation, SJ:·rangements will be made for the repurchase of the Republic's shares q1 capital stock in both institutions • •