On May 13, 1977, the International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number three hundred and fifteen. It was resolved that: (a) the authorized capital stock of the Bank shall be increased by $7 billion in terms of United States dollars of the weight and fineness in effect of July 1, 1944, divided into 70,000 shares having a par value of $100,000 each; (b) in the absence of notice to the Bank from...
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