INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

Resolution No. 487

PROTECTION OF THE GLOBAL ENVIRONMENT

RESOLVED:

1. THAT the Report of the Executive Directors, dated May 24, 1994 on "Protection of the Global Environment" is noted with approval;

2. THAT, acting under Article V, Section 2 (b) (v) of the Articles of Agreement of the Bank, the Board of Governors approves cooperation by the Bank with the United Nations Development Programme, the United Nations Environment Programme, the Conference of the Parties to the Convention on Biological Diversity, the Executive Committee of the Multilateral Fund for the Implementation of the Montreal Protocol on Substances That Deplete the Ozone Layer, and with any other international organization as appropriate to achieve the purposes of the Global Environment Facility and the Ozone Projects Trust Fund, on the basis of arrangements consistent with Resolutions No. 94-2 and No. 94-3 of the Executive Directors, dated May 24, 1994, and the Instrument for the Establishment of the Restructured Global Environment Facility, the text of which is set out in the Annex to Attachment A-I.

(Adopted July 7, 1994)

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