The initial number of shares to be subscribed by countries which
are admitted to membership in accordance with paragraph 2 of
Article 3 shall be determined by the Board of Governors;provided,
however, that no such subscription shall be authorized which would
have the effect of reducing the percentage of capital stock held by
regional members below seventy-five (75) per cent of the total
subscribed capital stock,unless otherwise agreed by the Board of
Governors by a Super Majority vote as provided in Article
28.
