MULTILATERAL INVESTMENT GUARANTEE AGENCY

                                  COUNCIL OF GOVERNORS



                                         Resolution No. 82

         Enhancing Voice and Participation of Developing and Transition Countries


     WHEREAS the Joint Ministerial Committee of the Boards of Governors of the Bank and the
Fund on the Transfer of Real Resources to Developing Countries (the Development Committee)
reviewed, at its October 2008 meeting, proposals from the Executive Directors of the Bank for a
first step of reforms to enhance the voice and participation of developing countries and countries in
transition in the World Bank Group, and has called for prompt action to implement these reforms;

   WHEREAS in order to address the need for greater representation of the member countries in
Sub-Saharan Africa, there is consensus of members to strengthen the representation for these
countries on the MIGA Board, so that three Directors would represent these countries, rather than
two;

    WHEREAS Article 32(b) of the Convention Establishing the Multilateral Investment
Guarantee Agency (“the MIGA Convention”) provides that the number of Directors may be
adjusted by the Council;

   NOW THEREFORE the Council of Governors resolves that, in order for MIGA’s member
countries in Sub-Saharan Africa to be represented by three Directors:

1. In accordance with Article 32(b) of the MIGA Convention, the number of Directors shall be
increased to twenty-five (25) for the Regular Election of Directors in 2010.

2. If the Board, having been so requested by such member countries, considers earlier action
appropriate, the Board shall transmit to the Council of Governors for approval a mechanism to add
a Director for the interim period ending October 31, 2010.

3. Any increase under paragraph 1 or 2 above shall take effect only if the Board of Governors of
the International Bank for Reconstruction and Development shall have approved a similar increase
in the number of elected Executive Directors as provided for in Part C of the IBRD Board of
Governors Resolution entitled, “Enhancing Voice and Participation of Developing and Transition
Countries.”



                                                                     (Adopted on January 30, 2009)