International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 459 : Membership of Armenia

 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT BOARD OF GOVERNORS Resolution No. 459 Membership of Armenia WHEREAS the Government of Armenia 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 in their report dated April 14, 1992, the Executive Directors have recommended that the Board of Governors adopt a resolution to increase the authorized capital of the Bank to provide, inter alia, for the membership of Armenia; WHEREAS, pursuant to Section 19 of the By-Laws of the Bank, the Executive Directors, after consultation with representatives of the Government of Armenia, 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 Armenia shall be admitted to membership in the Bank shall be as follows: 1. Definitions: As used in this resolution: (a) “Bank