International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 242 : Membership of Lesotho

 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT BOARD OF GOVERNORS Resolution No. 242 Membership of Lesotho WHEREAS the Government of Lesotho 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; and WHEREAS, pursuant to Section 20 of the By-Laws of the Bank, the Executive Directors, after consultation with representatives of the Government of Lesotho, 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 Lesotho shall be admitted to membership in the Bank shall be as follows: 1. Definitions: As used in this resolution: (a) “Bank