INTERNATIONAL BANK FOR RECONSTRUCTION AND
                              DEVELOPMENT

                               BOARD OF GOVERNORS



                                  Resolution No. 202

                       Number of Elected Executive Directors


RESOLVED:

  THAT at the Regular Election of Executive Directors to be held during the 1964
Annual Meeting of the Board of Governors, there shall be elected 15 Executive Directors.



                                                             (Adopted on May 18, 1964)