INTERNATIONAL FINANCE CORPORATION

                                    BOARD OF GOVERNORS



                                       Resolution No. 274

                        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 2020 Annual Report and the
Administrative Budget contained in the Report to the Board of Governors on IFC’S FY20
Operational and Financial Results and FY21 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 FY20 Net Loss of US$1,672 million shall be transferred to
undesignated retained earnings; and

3. THAT the Corporation be authorized to conclude the designation of $44 million of retained
earnings for IFC’s Creating Markets Advisory Window in IFC’s Fiscal Year 2020 financial
statements.




                                                                   (Adopted on October 15, 2020)