INTERNATIONAL DEVELOPMENT ASSOCIATION

                                    BOARD OF GOVERNORS



                                         Resolution No. 130

                                     Membership of Portugal


   WHEREAS the Government of Portugal has applied for admission to membership in the
International Development Association in accordance with Section 1(b) of Article II of the Articles
of Agreement of the Association;

   WHEREAS the Government of Portugal has expressed its intention to seek legislative approval
to make resources available to the Association under the Sixth Replenishment as set forth in the
Report of the Executive Directors to the Board of Governors on “Additions to IDA Resources:
Sixth Replenishment�, dated January 15, 1980; and

    WHEREAS, pursuant to Section 9 of the By-Laws of the Association, the Executive Directors,
after consultation with representatives of the Government of Portugal, have made
recommendations to the Board of Governors regarding the application of Portugal for admission to
membership in the Association;

   NOW, THEREFORE, the Board of Governors hereby

RESOLVES:

   THAT the terms and conditions upon which Portugal shall be admitted to membership in the
Association shall be as follows:

1. Definitions: As used in this resolution:
   (a) “Association� means International Development Association.
   (b) “Articles� means the Articles of Agreement of the Association.
   (c) “Esc� means escudos in currency of Portugal.
   (d) “$� means dollars in currency of the United States of America.
   (e) “Sixth Replenishment Resolution� means Resolution No. 117 of the Board of Governors
       adopted on March 26, 1980.

2. Terms and Conditions of Membership:
   (a) The terms and conditions of the membership of Portugal in the Association other than
       those specifically provided for in this resolution shall be those set forth in the Articles with
       respect to the membership of original members listed in Part II of Schedule A thereof.
   (b) Upon accepting membership in the Association, Portugal shall make resources available to
       the Association in the form of a subscription in the amount of Esc 343,710,000 (equivalent
       to $7,000,000 at the IMF representative exchange rate of October 5, 1979).
   (c) Portugal shall, in respect of such subscription, have 29,071 votes, calculated on the basis of
       9,900 membership votes plus 19,171 subscription votes.
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    (d) Payment of such subscription shall be made on the same basis, and the rights and
        obligations of the Association and Portugal with respect to such subscription shall be on
        the same terms and conditions, as provided in paragraphs 6(c), 11 and 12 of the Sixth
        Replenishment Resolution for the resources made available by Part II members under the
        Sixth Replenishment.

3. Acceptance of Membership: Portugal shall become a member of the Association as of the date
when Portugal shall have complied with the following requirements:
   (a) deposited with the Association a notification, as provided in Section E of the Sixth
       Replenishment Resolution, that Portugal will make the total subscription specified in
       paragraph 2(b) above;
   (b) deposited with the International Bank for Reconstruction and Development an instrument
       stating that it has accepted in accordance with its law the Articles, and that it has taken all
       steps necessary to enable it to carry out all its obligations under the Articles; and
   (c) signed the original Articles held in the archives of the International Bank for
       Reconstruction and Development.

4. Limitation on Period for Acceptance of Membership: Portugal may accept membership in the
Association pursuant to this Resolution until December 29, 1983, or such later date as the
Executive Directors of the Association may determine.



                                                                       (Adopted on March 22, 1983)