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                                                 MULTILATERAL INVESTMENT GUARANTEE AGENCY

                                                                COUNCIL OF GOVERNORS



                                                                      Resolution No. 71

                                                                 Reclassification of Slovenia
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                                  WHEREAS Slovenia, as one of the successor states to the rights and obligations of the former
                               Socialist Federal Republic of Yugoslavia, became a member of the Multilateral Investment
                               Guarantee Agency (“MIGA”) effective on March 19, 1993;

                                  WHEREAS the Government of Slovenia now requests that Slovenia be reclassified by the
                               Agency from a Category Two member country to a Category One member country;

                                  WHEREAS in accordance with Article 31 of the MIGA Convention, the power to reclassify a
                               member is vested in the Council of Governors;

                                   WHEREAS in accordance with Article 8(a) of the MIGA Convention, as a Category Two
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                               member country, Slovenia paid twenty-five percent of its paid-in cash portion of its capital
                               subscription in its local currency; and as a Category One member country Slovenia would need to
                               substitute an equivalent amount in a freely usable currency;

                                  THE COUNCIL OF GOVERNORS HEREBY RESOLVES THAT:

                               1. Slovenia is hereby reclassified as a Category One member country;

                               2. Slovenia shall substitute in any freely usable currency the twenty-five percent of the paid-in
                               cash portion of the capital subscription it originally paid in local currency.



                                                                                                      (Adopted on May 31, 2005)
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