INTERNATIONAL FINANCE CORPORATION

                                BOARD OF GOVERNORS



                                    Resolution No. 248

                    Financial Statements, Accountants’ Report,
            Administrative Budget and Designations of Retained Earnings


RESOLVED:

1. THAT the Board of Governors of the Corporation consider the Consolidated Financial
Statements and Independent Auditors’ Report included in the 2008 Annual Report and the
Administrative Budget contained in the Report of the Board of Governors on IFC’s FY09-
11 Business Plan and Budget (the “Report�), as fulfilling the requirements of Article IV,
Section 11, of the Articles of Agreement and of Section 16 of the By-Laws of the
Corporation;

2. THAT the Report is hereby noted with approval;

3. THAT the Corporation’s FY08 net income of $1,547 million be transferred to
undesignated retained earnings;

4. THAT the designation of $100 million of retained earnings in IFC’s Fiscal Year 2009
First Quarter financial statements for IFC’s Funding Mechanism for Technical Assistance
and Advisory Services is hereby noted with approval;

5. THAT the designation of $450 million of retained earnings in IFC’s Fiscal Year 2009
financial statements for grants to the International Development Association for use by the
Association in the form of grants in furtherance of IFC’s purpose, which, as set forth in
Article I of the Corporation’s Articles of Agreement, is “to further economic development
by encouraging the growth of productive private enterprise in the Corporation’s member
countries, particularly in the less developed areas, thus supplementing the activities of the
International Bank for Reconstruction and Development,� is hereby noted with approval.



                                                            (Adopted on October 13, 2008)