Question of the establishment of an International Finance Corporation

X. RESOLUTIONS ADOPTED ON THE REPORTS OF THE SECOND COMMITTEE
922. Question of the establishment of an International Finance Corporation

The General Assembly, Having received the report[1] of the Economic and Social Council on the establishment of an International Finance Corporation submitted in response to General Assembly resolution 823 (IX) of 11 December 1954, Noting that a substantial number of Governments have taken steps towards acceptance of membership, or have declared their intention of acquiring membership, in the Corporation in order to further economic development by encouraging the growth of productive private enterprise in member countries, particularly in the less developed areas, 1. Expresses its appreciation to the International Bank for Reconstruction and Development for:

(a) Preparing the draft Articles of Agreement for the International Finance Corporation;

(b) Bringing about agreement by a large number of its members to join in the establishment of the International Finance Corporation;

2. Looks to the early establishment of the International Finance Corporation and to successful results from its operations.

539th plenary meeting,
3 November 1955.


[1] Official Records of the General Assembly, Tenth Session, Supplement No. 3 (A/2943),
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