International Finance Corporation (IFC) Board of Governors resolution ; no. 205 : increase of subscription by Mexico to the capital of the corporation

 INTERNATIONAL FINANCE CORPORATION BOARD OF GOVERNORS Resolution No. 205 Increase of Subscription by Mexico to the Capital of the Corporation WHEREAS Mexico has indicated its desire to subscribe for 4,279 additional authorized and unissued shares of the Corporation; and WHEREAS the Board of Directors of the Corporation have concluded that it is desirable that Mexico should be permitted to increase its shareholding and have made recommendations to the Board of Governors regarding this matter; NOW, THEREFORE, THE BOARD OF GOVERNORS RESOLVES THAT: A. Mexico is hereby authorized to subscribe up to 4,279 shares of the Corporation on the terms and conditions provided for in this Resolution. B. The subscription price per share shall be $1,000 in terms of United States dollars, and such subscription price shall be paid in United States dollars or other freely convertible currency or currencies; provided that, if payment is made in such a currency or currencies other than United States dollars, the Corporation shall exercise its best efforts to cause such currency or currencies to be promptly converted into United States dollars and the same shall constitute payment of, or towards, the subscription price only to the extent that the Corporation shall have received effective payment of United States dollars. C. Mexico may at any time on or before May 31, 1994 (or such later date as the Directors may determine), subscribe up to the number of shares of capital stock of the Corporation referred to above by depositing an Instrument of Subscription with the Corporation, in a form acceptable to the Corporation, and by paying in cash in full for such shares. D. Any shares of capital stock remaining unsubscribed after the date prescribed under paragraph C hereof, shall remain authorized and unissued, issuable by the Corporation in accordance with its Articles of Agreement. (Adopted on January 18, 1994)