On September 10, 1964, the International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number two hundred and eight. It was resolved that, 1) the Report of the Executive Directors dated July 30, 1964 on Allocation of Net Income and Statement of Policy is hereby approved; 2) the allocation of $47,455,851 of the net income of the Bank for the fiscal year ended June 30, 1964 to the Supplemental Reserve against Losses...
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