INTERNATIONAL FINANCE CORPORATION

                                    BOARD OF GOVERNORS



                                        Resolution No. 266

                        Financial Statements, Accountant’s 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 2018 Annual Report and the
Administrative Budget contained in the Report to the Board of Governors on IFC FY19 Budget:
Optimizing Resources for Impact (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 Corporation’s FY18 Net Income of US$1.280 billion shall be transferred to
undesignated retained earnings;

3. THAT the Corporation’s designation of US$70 million of retained earnings for IFC’s Creating
Markets Advisory Window in IFC's Fiscal Year 2019 financial statements is hereby noted with
approval;

4. THAT the Corporation’s designation of US$45 million of retained earnings for IFC's Funding
Mechanism for Technical Assistance and Advisory Services in IFC's Fiscal Year 2019 financial
statements is hereby noted with approval; and

5. THAT the Corporation’s designation of US$115 million of retained earnings for grants to the
International Development Association for use by the Association in the form of grants in furtherance
of the Corporation's purposes in IFC's Fiscal Year 2019 financial statements is hereby noted with
approval.



                                                                     (Adopted on October 12, 2018)