MULTILATERAL INVESTMENT GUARANTEE AGENCY

                                   COUNCIL OF GOVERNORS



                                         Resolution No. 101

                        Increase in Overall Limit on Guarantee Capacity


     WHEREAS Article 22(a) of the Convention provides that, unless otherwise determined by the
Council of Governors by special majority, the aggregate amount of contingent liabilities which may
be assumed by the Agency shall not exceed one hundred and fifty percent of the amount of the
Agency's unimpaired subscribed capital and its reserves plus such portion of its reinsurance cover
as the Board may determine;

     WHEREAS Article 22(a) of the Convention stipulates that the maximum amount of contingent
liabilities should not exceed under any circumstances five times the amount of the Agency's
unimpaired subscribed capital, its reserves and such portion of its reinsurance cover as may be
deemed appropriate;

    WHEREAS Article 22(a) of the Convention further instructs the Board of Directors to review
from time to time the risk profile of the Agency's portfolio in the light of its experience with claims,
degree of risk diversification, reinsurance cover and other relevant factors with a view to
ascertaining whether changes in the maximum aggregate amount of contingent liabilities should be
recommended to the Council of Governors;

     WHEREAS the Board of Directors has reviewed the risk profile of the Agency's portfolio and
determined that an increase in the maximum aggregate amount of contingent liabilities is necessary
for the Agency to continue underwriting new business;

    NOW THEREFORE the Council of Governors hereby RESOLVES THAT:

    Pursuant to Article 22(a) of the Convention, the Council of Governors authorize an increase in
the maximum aggregate amount of contingent liabilities that may be assumed by the Agency from
350 percent to 500 percent of the amount of the Agency's unimpaired subscribed capital and its
reserves plus such portion of its reinsurance cover, if any, as the Board may determine, such
increase to be effective immediately.



                                                                     (Adopted on November 11, 2016)