International Development Association (IDA) Board of Governors resolution ; no. 110 : membership of the United Arab Emirates

On June 21, 1979, the International Development Association (IDA) Board of Governors adopted resolution number one hundred and ten. It was resolved that the terms and conditions of the membership of the United Arab Emirates in the Association other than those specifically provided for in this resolution shall be those set forth in the Articles with respect to the membership of original members listed in Part one of Schedule A thereof. Upon accepting membership in the Association the United Arab Emirates shall make resources available to the Association divided into a subscription carrying voting rights in the amount of Dh 595,213 (equivalent to $151,050 at the IMF representative exchange rate of March 14, 1977) and into a contribution not carrying voting rights in the amount of Dh 199,404,787 (equivalent to $50,603,930 at the IMF representative exchange rate of March 14, 1977). The United Arab Emirates shall, in respect of such subscription, have 13,342 votes, calculated on the basis of 7,300 membership votes plus 6,042 subscription votes. Payment of such subscription and contribution shall be made on the same basis, and the rights and obligations of the Association and the United Arab Emirates with respect to such subscription and contribution shall be on the same terms and conditions, as provided in Section B of the Fifth Replenishment Resolution of the Board of Governors for the subscriptions and contributions of Part one members. The United Arab Emirates may accept membership in the Association pursuant to this Resolution until December 28, 1979, or such later date as the Executive Directors may determine.

International Development Association (IDA) Board of Governors resolution ; no. 110 : membership of the United Arab Emirates (英语)

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