RESOLUTION NO. 90

AMENDMENT TO THE AGREEMENT ESTABLISHING THE BANK IN ORDER TO ADMIT MONGOLIA AS COUNTRY OF OPERATIONS

The Board of Governors

Having considered and being in agreement with the Report of the Board of Directors on the proposal to amend the Agreement Establishing the Bank in order to admit Mongolia as a country of operations (or recipient country) eligible to receive financing from the Bank, 

RESOLVES THAT: 

Article 1 of the Agreement Establishing the Bank be amended to include another two sentences which read as follows: “The purpose of the Bank may also be carried out in Mongolia subject to the same conditions. Accordingly, any reference in this Agreement and its annexes to “Central and Eastern European countries”, “countries from central and Eastern Europe”, “recipient country (or countries)” or “ recipient member country (countries)” shall refer to Mongolia as well.”

AND FURTHER RESOLVES THAT: 

The said amendment enter into force three months after the date of the Bank´s formal communication confirming that each member has (a) executed and deposited with the Bank an instrument stating that it has accepted the said amendment in accordance with its law and (b) furnished evidence, in form and substance satisfactory to the Bank, that the amendment has been accepted and the instrument of acceptance executed and deposited in accordance with the law of that member. 

(Adopted 30 January 2004)