INTERNATIONAL FINANCE CORPORATION

                                    BOARD OF GOVERNORS



                                       Resolution No. 279

                        Financial Statements, Accountants’ Report,
                Administrative Budget and Designation 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 2023 Annual Report and the
Administrative Budget contained in the Report to the Board of Governors on IFC’s FY23 Operational
and Financial Results and FY24 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 Corporation’s FY23 Net Income of US$672 million shall be transferred to
undesignated retained earnings; and

3. THAT the Corporation be authorized to conclude the designation of US$60 million of retained
earnings for IFC’s Funding Mechanism for Technical Assistance and Advisory Services (FMTAAS)
in IFC's Fiscal Year 2023 financial statements is hereby noted with approval.



                                                                   (Adopted on October 13, 2023)