Rs 0.979.3 Statutes Of The International Development Association, 26 January 1960 (With Annex)

Original Language Title: RS 0.979.3 Statuts de l’Association Internationale de Développement, du 26 janvier 1960 (avec annexe)

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0.979.3 translation statutes of the Association International of development adopted in Washington on January 26, 1960, approved by the Federal Assembly on 4 October 1991 signed and accepted by the Switzerland 29 May 1992 entered into force for the Switzerland may 29, 1992 (status on 20 June 2014) the Governments of the names by which this agreement is signed, given that mutual cooperation aimed at constructive economic objectives ordered development of the world economy and to the harmonious expansion of trade encourages international reports which contribute to maintaining peace and prosperity in the world;
whereas an acceleration of economic development, which will encourage the evolution of the levels of existence and economic and social progress in the least developed countries, is desirable not only in the interest of these countries, but also in that of the entire international community;
the achievement of these objectives would be facilitated by an increase in the international contribution of public capital and private for the development of the resources of the least developed countries, agree hereby following: art. introduction the International Development Association (hereinafter referred to as "the Association") is established and will function in accordance with the following provisions: art. I objectives the Association is designed to encourage economic development, increase productivity and, hence, to raise the levels of existence in the less advanced regions of the world, which are covered by an affiliation with the Association, including providing them, to deal with their needs for development, financial resources to more flexible conditions and less heavy on the balance of payments as loans according to classic formulas , helping the International Bank for Reconstruction and development (hereinafter called "the Bank") to achieve its development goals by completing its activities.
In all its decisions, the Association will draw on the provisions of this Article.

S. II. membership in the Association; Subscriptions initials Section 1: Membership has) from members of the Association will be members of the Bank whose name appears in Schedule A attached and who will accept to join the Association before or at the date specified in art. XI, section 2 (c) .b) access to the Association will be open to other members of the Bank at the times and conditions that determine the Association.

Section 2: Initial subscriptions has) by accepting membership, each Member shall subscribe the sum which it has been assigned. These subscriptions are referred to as subscriptions initiales.b) assigned to each originating member initial subscription will be equal to the sum that appears next to its name in Annex A; This amount is denominated in US $ and weight the title legal at the date of 1 January 1960.c) ten per cent of the initial subscription of each Member shall be payable as follows in gold or in freely convertible currencies: fifty per cent within thirty days following the date on which the Association will begin its operations in accordance with the provisions of art. XI, section 4 or the day when the member becomes a member, if it becomes later; 12½ % one year after the beginning of the operations of the Association; and 12½ % during the following years and at intervals of 12 months, to a maximum of full payment of the subscription initiale.d tenth) the other 90% of the initial subscription of each Member shall be payable in gold or in freely convertible currency, in the case of the Member whose name is contained in the first part of Annex A, and in currency of the subscriber member If it comes to members whose name appears in the second part of Annex A. This portion of 90% of initial subscriptions to the original members will be payable in five equal annual instalments: the first instalment within thirty days following the date on which the Association will begin its operations in accordance with the provisions of art. XI, section 4 or, the day where the originating member becomes a member, if it becomes later; the second installment, one year after the beginning of the operations of the Association, and the following payments in each subsequent fiscal period at intervals of 12 months up to a maximum of 90% of the initiale.e subscription payment in full) in lieu of any part of the currency of a paid Member State or payable to the Association in accordance with the provisions of para. (d) or above, art. IV, section 2, and whose Association has no need for its operations, it will accept vouchers, or any other form of bonds, issued by the Government of the Member State or by the Depositary designated by him; These titles will be non-transferable, will be not interests, and will be payable at sight at their nominal value by crediting the account opened in the Association with the depositary designe.f) for the purposes of the present agreement, the Association would consider 'freely convertible currency': (i) the currency of a Member State that the Association judge, after consultation with the International Monetary Fund, have a sufficient convertibility in currencies of other Member States for the purpose of its operations; or (ii) the currency of a Member State that agrees to conditions deemed satisfactory by the Association, to exchange against the currencies of other Member States for the purposes of the operations of the Association.

(g) subject to the exceptions which the Association may consent, each Member State listed in the annex shall maintain, in relation to the sum paid in respect of currency freely convertible under para. (d) of this section, the degree of convertibility that existed at the time of the paiement.h) the Association shall determine, in accordance with section 1 (b) of this Article, the conditions in which Member States that are not the originating members can perform their initial subscriptions, as well as the amount and terms of payment of the latter.

Section 3: Limitation of liability any Member State will be liable for, because as a member, for obligations of the Association.

S. III resources additional Section 1: additional subscriptions was) at the time where it deems it appropriate because of the progress of the program of payment of initial subscriptions of the members from, and thereafter, at intervals of about five years, the Association shall make the point of its resources and, if it considers it desirable, authorize a general increase in subscriptions. This notwithstanding, General or specific amount of subscriptions increases may be authorized at any time, provided that a particular increase is taken into account only at the request of the Member State concerned. Subscriptions that meet the provisions of this section are referred to as subscriptions additionnelles.b) subject to the provisions of para. (c) below, the Association will determine the amount, the terms and conditions for additional subscriptions authorized by elle.c) when an additional subscription will be allowed, each Member State will have latitude to participate, under conditions to be determined reasonably by the Association by paying an amount which will enable it to maintain its relative share of the voting rights; However, no Member shall be required to participate in an additionnelle.d subscription) matters covered by this section shall be decided by a majority of two-thirds of the total voting rights.

Section 2: Additional resources provided by a Member State in the currency of an another Member State) the Association may reach an arrangement on terms and conditions consistent with the provisions of this agreement, to receive a any Member State, in addition to the amounts it must pay additional resources denominated in the currency of another Member State in respect of its initial or all additional subscriptions, subscription provided that the Association does not take such provisions without be ensured in advance that the Member whose currency is in question accepts the use of said currency in respect of additional resources as well as the terms and conditions governing such use. Arrangements for the reception of such resources may contain clauses concerning the disposition of earnings which could lead these resources, as well as provisions relating to the provision of the resources themselves, where the Member State supplying them would cease to be a member, or if the Association suspended its operations in a manner permanente.b) the Association will issue to the contributory Member a Special development certificate stating In addition to the terms and conditions of the provisions is related thereto, the amount and the wording of the resources thus provided. A Special certificate of development will have no voting rights and won't be transferable to the Association.c) Nothing in this section shall prevent the Association receive a member, in the conditions which may be agreed, resources denominated in its own currency.

S. IV Section 1 currencies: use of currencies

(a) the currency, convertible or not, of a Member State whose name appears in the second part of annex, received in accordance with the provisions of art. II, section 2 (d) in payment of the portion of 90% payable in the currency of that Member, as well as the currency that comes, as principal, interest or other charges, can be used by the Association for administrative expenses she incurred on the territories of that Member, and, to the extent consistent with a healthy political currency to pay for goods and services produced in the territories of that Member and necessary for the implementation of projects funded by the Association on these territories; addition, said currency is freely convertible or otherwise usable for projects funded by the Association and executed outside the territories of the Member at the time and to the extent where the Member and the Association agree that the economic and financial situation of the Member the justifie.b) the possibilities of use of currencies that the Association receives in payment for subscriptions other than initial subscriptions of the members from ((, as well as the currencies that would come in as principal, interest or other charges, shall be governed by the terms and conditions under which such subscriptions are autorisees.c) the possibilities of use of currencies that the Association receives as additional resources other than subscriptions, as well as the currencies that would come in as principal, interest or other charges, shall be governed by the terms of the provisions in accordance with which these currencies are recues.d) the Association may use and share all the other currencies it receives without that Member State whose currency is used or exchanged can subject to restrictions; subject to the preceding provisions prevent not the Association to take, together with the Member State on whose territory runs project which helps funding, provisions limiting its use of money that Member that she receives the title of principal, interest or other charges under the said financement.e) the Association will take appropriate measures to ensure that at reasonable intervals the portions of subscriptions paid in accordance with art. II, section 2 (d) by Member States whose name appears in the first part of Annex A, are used by the Association on a substantially proportional basis, provided however that the portions of such subscriptions that are paid in gold or in currencies other than those of the subscriber member can be used more quickly.

Section 2: Maintaining the value of the assets in currency is) if the parity of the currency of a Member State is lowered or the exchange rate of the currency of a Member State is, in the opinion of the Association, depreciated to a significant extent within the territories of that Member State, it shall pay to the Association, within a reasonable time, an additional sum of its own sufficient to maintain currency , to the same value as at the time of the initial subscription, the assets of the Association in the currency of that Member from payments made by him to the Association on the basis of art. II, section 2 (d), and payments made in accordance with the provisions of this paragraph, whether or not effects denominated in such currencies and accepted pursuant to art. II, section 2 (e), provided that the foregoing provisions are applicable only in the cases and to the extent where said currency has not been the subject of a first disbursement or Exchange against the currency of State - membre.b) if the parity of the currency of a Member State has increased or if the exchange rate of the currency of a Member State has ((in the opinion of the Association, suffered an important increase within the territories of that Member State, the Association will restore to it, within a reasonable time, an amount in its currency equal to the increase in value of the assets defined above (has) .c) the Association may derogate from the provisions of the preceding paragraphs when the International Monetary Fund conducts a uniformly proportional change in the parity of currencies of all its membres.d) assets provided in accordance with the provisions of the al. (a) above in order to maintain the value of a currency are convertible and usable in the same conditions that the said currency.

S. V Operations Section 1: Employment of resources and financing conditions has) the Association will provide funding to help support the development of the less advanced regions of the world covered by affiliation with the Association.b) of funding provided by the Association must be applied for purposes which, in the opinion of the Association, have an order of priority in the work of development in the light of the needs of the regions concerned and ((, except in exceptional circumstances, to determines.c projects) the Association won't provide funding if, in his opinion, such means may be provided by the private sector at reasonable terms to the beneficiary or could be the subject of a loan of the same type that loans made by the Banque.d) the Association will not provide financing only on the recommendation of a Committee after careful consideration of the application. Each of these committees shall be appointed by the Association and will include a person appointed by the governors representing the Member the territory of which the project considered as well as one or more members of the technical staff of the Association is located. The provision whereby the Committee must include a person appointed by one or Governors will not be applied in the event that funds are provided to a formal international body intended for the whole or a part of the monde.e) the Association won't provide funding for a project if the Member State the territory of which lies the draft raises objections against this funding It is not necessary for the Association to ensure that the various Members raise no objection where funds are provided to a formal international body intended for the whole or a part of the monde.f subject) the Association impose no conditions for that money from its loans are spent on the territory of a particular Member State or Member States. The foregoing will not prevent to respect all restrictions on the use of funds imposed in accordance with the provisions of these Articles, including restrictions on additional resources in accordance with an agreement between the Association and the contributaire.g) the Association will arrange to obtain money from lending to be devoted exclusively to objects for which they have been granted (, with due regard to economy, efficiency, and international commercial competition considerations, and without intervention or political considerations or extra-economiques.h influences) funds to provide the title of a financing operation will be put at the disposal of the recipient to meet expenses related to the project, that they actually worked.

Section 2: Forms and conditions of funding has) the means of financing offered by the Association will take the form of loans. However, the Association may provide other means of funding, either (i) using funds subscribed pursuant to art. III, section 1, as well as the funds that come in as principal, interest or other charges, if the authorization of such subscriptions expressly provides for such funding; or (ii) in special cases, by appealing to the additional resources provided to the Association as well as the funds that come in as principal, interest or other charges, whether the provisions in which these resources are provided include expressly such funding.

(b) subject to the provisions of the preceding paragraph, the Association will provide financial resources which it will decide the form and conditions, taking into account the position and the economic prospects of the regions concerned as well as the nature and requirements of the projet.c) the Association may provide funding to a Member State, to the Government of a territory covered by an affiliation to the Association a political subdivision of one or the other, a public entity or private on the territories of one or several Member States, or to a formal international body intended for the whole or a part of the monde.d) in the case of a loan made to one entity other than a Member State, the Association may, at its discretion, require one or more appropriate safeguards (governmental or autres.e) in exceptional cases, the Association will open credits in foreign currency for local expenses.

Section 3: Changes to the conditions of funding when and insofar as it considers it justified by all of the relevant circumstances, including the situation and the financial perspectives and economic of the Member State concerned, and the conditions to be determined, the Association may accept to soften or change the conditions under which a fraction any funding was provided.
Section 4: Cooperation with other international organizations and with Member providing a development assistance

The Association will cooperate in official international organizations and Member States which provide financial and technical assistance to the less developed regions of the world.
Section 5: Various Operations in addition to specified operations elsewhere in this agreement, the Association may: (i) borrow funds with the approval of the Member State in the currency of which the borrowing is denominated; (ii) ensure, with a view to facilitate the sale, securities in which it invests funds; (iii) buy and sell securities issued or guaranteed by it or referred to it by the object of investment; (iv) in exceptional cases guaranteeing loans from other sources and made for purposes which are not inconsistent with the provisions of this agreement; (v) provide technical assistance and advisory services at the request of a Member State; and (vi) exercise any other powers which, in the context of its operations will be necessary or desirable to help achieve its goals.

Section 6: Prohibition of any activity policy the Association and its leaders will not intervene in the political affairs of a Member State, or will be influence in their decisions by the political orientation of the Member State or Member States concerned. Their decisions will be based solely on economic considerations and these economic considerations will be weighed impartially in order to achieve the objectives set out in this agreement.

S. VI Organization and Administration Section 1: Structure of the Association will include a Board of Governors, directors, a Chairman and other senior officers and subordinates necessary for the accomplishment of the tasks to be determined.
Section 2: Board of Governors has) all the powers of the Association shall be vested in the Board of the Gouverneurs.b) every Governor and every Governor of the Bank appointed by a Member State of the Bank which is also a member of the Association will be automatically Governor and Alternate Governor, respectively, of the Association. No substitute is allowed to vote otherwise in the absence of the holder. The Chairman of the Board of Governors of the Bank will automatically be Chairman of the Board of Governors of the Association, except in the case where the President of the Board of Governors of the Bank will represent a State that is not a member of the Association. In this case, the Board of Governors will choose a President from among the Governors. Any Governor or alternate rectifies its mandate if the Member State which appointed him ceases to be a member of the Association.c) the Board of Governors may delegate the exercise of all his powers, with the exception of the following administrators: (i) admit new States-members and determine the conditions of their admission; (ii) authorize additional subscriptions and determine the conditions and stipulations y related; (iii) suspend a Member State; (iv) the exercised appeal against interpretations of this agreement the directors, (v) enter into agreements pursuant to section 7 of this Article to cooperate with other international agencies (unless it is informal agreements administrative and temporary); (vi) decide to permanently suspend the operations of the Association and to distribute its assets; (vii) set the distribution of net income of the Association in accordance with section 12 of this Article; and (viii) approve the draft amendments to the agreement.

((d) the Board of Governors will hold one annual meeting and any other meetings planned by the Council or convened by the Administrateurs.e) the annual meeting of the Board of Governors will take place on the occasion of the annual meeting of the Board of Governors of the Banque.f) the quorum for any meeting of the Board of Governors will be a majority of Governors who have two-thirds at least of the total of vote.g rights) the Association may (, by regulation, establish a procedure allowing administrators to obtain a vote of the Governors on a particular matter without meeting the Conseil.h) the Board of Governors, as well as, to the extent that they are are empowered, administrators, may adopt rules and regulations necessary or appropriate to the conduct of the operations of the Association.i) in the exercise of their functions, the Governors and their deputies shall not be compensated by the Association.

Section 3: Vote a) each Member will have, with regard to its initial subscription, 500 votes and one additional vote per instalment of $ 5,000 for its initial subscription. Subscriptions other than initial subscriptions to the original members will include voting rights which will decide the Board of Governors in accordance, as appropriate, to the provisions of art. II, section 1 (b) or of art. III, section 1 (b) and (c). Additions to resources other than subscriptions under art. II, section 1 (b) and additional subscriptions, under art. III, section 1 will include a right of vote.b) except in the cases specifically provided for, all questions submitted to the Association will be decided by a majority of the votes cast.

Section 4: Administrators) the administrators will be responsible for the conduct of operations of the Association, and to that end, will exercise all the powers conferred on them by this agreement or that their delegate Council of the Gouverneurs.b) the directors of the Association will be automatically administrators of the Bank who were (i) appointed by a Member State of the Bank which is also a member of the Association or (ii) elected in an election where the votes of at least one Member State of the Bank which is also a member of the Association will be issued in its favour. Alternates of each such administrators, the Bank will also be alternate directors of the Association. Any administrator rectifies its mandate if the Member State which appointed him or all Member States which vote were issued in its favour shall cease to be members of the Association.c) all administrator, who is a Director appointed by the Bank, will have the number of votes allocated to the Member State the having appointed in the Association. Any administrator who is a Director of the Bank, will have the number of votes allocated to the Member State or Member States whose votes helped his election to the Bank in the Association. Any Director usera block vote which it disposera.d) one alternate Director shall have full powers to act in the absence of the administrator who will be appointed to him. When an administrator is present, his alternate may attend the meetings without the right to vote.e) the quorum for any meeting of the directors will be a majority of the directors with the half at least of the total of vote.f rights) the directors meet as frequently that requires the conduct of the Affairs of the Association.g) the Governing Council shall adopt rules pursuant to which a Member State of the Association not empowered to appoint an administrator of the Bank may appoint a representative to attend any meeting of the directors of the Association where will be taken into consideration a request by that Member State or a question assigning it particularly.

Section 5: President and staff a) the President of the Bank will automatically be President of the Association. He will preside over meetings of the directors of the Association but shall not take part in the vote, except in the case of equal division of votes, which her voice to be predominant. It will be able to take part, without the right to vote, in the meetings of the Council of the Gouverneurs.b) the Chairman will be the Chief of the services of the Association. It will handle the day-to-day affairs of the Association following the instructions of Directors under their control general, will organise all services, shall appoint and revoke senior and junior officers. Insofar as possible, senior and junior bank officers will at the same time be senior and junior of the Association.c officers) in the exercise of their functions, President, senior officers and junior officers of the Association will be entirely at the service of the Association, excluding any other authority. Each Member State of the Association shall respect the international character of their mission and refrain from attempting to influence an officer any of the Association in the exercise of its fonctions.d) the recruitment of senior and junior officers, the President, without neglecting the importance that attaches to the most competent and most active competitions will take into account the importance of a recruitment on a broadest possible geographical basis.

Section 6: Relations with the Bank

(a) the Association shall be an entity separate and distinct from the Bank and its funds will be administered separately and independently from those of the Bank. The Association will not incur any borrowing from the Bank and him not loans; consent (However, these provisions will not prevent the Association to invest in bonds of the bank capital it will not be needed for its operations of financement.b) the Association may take with the Bank of provisions relating to facilities, staff and services, as well as the reimbursement of administrative expenses settled originally by an organization on behalf of the autre.c) no provision of this agreement will make the Association responsible for the acts or obligations of the Bank , nor the Bank liable for the acts or obligations of the Association.

Section 7: Relations with other international organizations the Association take formal steps of understanding with the United Nations and will be able to make similar arrangements with other official international agencies with functions in related areas.
Section 8: Headquarters the headquarters of the Association will be the central headquarters of the Bank. The Association will be able to open other offices on the territories of any of its members.
Section 9: Custodians all Member State will designate its Central Bank as custodian where the Association will be able to keep its assets in the currency of that Member or any other assets; absence of a Central Bank, the Member State shall appoint to same for any other institution likely to be approved by the Association. In the absence of different designation, the Depositary designated for the Bank will be the depositary of the Association.
Section 10: Communication with the Governments of each Member State shall designate a competent authority with which the Association may liaise on all matters covered by this agreement. In the absence of different designation, it is the procedure of communication designated for the Bank which will be retained for the Association.
Section 11: Publications of reports and communication of information a). the Association will publish an annual report containing a situation after its accounting expertise and will send to its members, at appropriate intervals, a summary statement of its situation and the results of its operations.b) the Association may publish such other reports as it deems desirable for the fulfilment of its mission.c) copies of all reports statements and publications made under this section, shall be addressed to the Member States.

Section 12: Distribution of net income the Board of Governors will from time to time determine the distribution of the net income of the Association, with due regard to the funds to be allocated to the reserves and provisions for unexpected.

S. VII resignation and suspension of a Member State; suspension of operations Section 1: resignation of Member States any Member State may withdraw at any time from the Association in notifying in writing its decision at its headquarters. The withdrawal shall take effect on the date of the receipt of the notification.
Section 2: Suspension of a Member State has) If a Member State fails to one of its obligations towards the Association, it will be able to suspend it following a decision of the majority of Governors exercising a majority of the total voting rights. The thus suspended Member State will lose automatically its quality of Member State a year after the date of its suspension unless that is taken, by the same majority, a decision aimed at the rehabiliter.b) during this suspension, no Member State will be entitled to exercise rights in respect of this agreement, except the one to resign, but it will remain subject to all the obligations of the Member States.

Section 3: Suspension or termination of its membership in the Bank any Member who is suspended or ceases to be affiliated with the Bank will be automatically suspended or, as the case may be, shall cease to be affiliated to the Association.
Section 4: Rights and duties of Governments ceasing their affiliation has) when a Government will cease to be a member, it will have no right in respect of this agreement, except those conferred on it by art. X (c); However, unless otherwise provided by this section, shall be taken by all the financial obligations which it has subscribed to the Association, either as a member, borrower, guarantor, or an another titre.b) when a Government will cease to be a member, the Association and the Government will conduct a clearance of accounts. As part of such clearance of accounts, the Association and the Government may agree on the amount that the Government will have to pay in respect of its subscription, as well as the date and the currency of the payment. When it is applied to a Member State, the term "subscriptions" used for the purposes of this article will show both the initial subscription than any subscription additional said State - membre.c) if it is not concluded such agreement within six months following the date on which the Government ceases to be a member or the expiry of any period which may agree the Association and the Government , the following provisions will become applicable: (i) the Government more liable to the Association in respect of its subscription but shall fulfil forthwith the sums due and unpaid on the date on which he ceased to be a member and which, in the opinion of the Association, are necessary for the latter to implement the commitments it had on that date in its financing operations. (ii) the Association shall reimburse the Government of sums paid by it in respect of its subscription or coming as a principal repayments and that the Association held at the date on which the Government ceased to be a member, except to the extent where, in the opinion of the Association, these funds will be required to honour the commitments it had on that date in its financing operations. (iii) the Association will reimburse the Government a proportionate share of all refunds as she will be received after the date to which Government will have ceased to be member on loans made previously, unless it comes to loans having used additional resources provided to the Association under provisions for special liquidation rights. This share shall be, towards the overall amount in principal of loans in the same report that the total amount paid by the Government in respect of its subscription and not refunded to him in respect of clause (ii) above will be with regard to the total amount paid by all Member States in respect of their subscriptions that will be used by the Association or notice thereof, it will be necessary to implement the commitments it had in its financing operations. The Association will conduct these repayments by instalments that it will collect repayments in principal but at intervals of at least one year. These refunds will be denominated in the currencies received by the Association which, however, may, at its discretion, make payments in the currency of the State concerned. (iv) any sum due to the Government in respect of its subscription may remain unpaid as long that this Government or the Government of any jurisdiction in, or any subdivision thereof policy or service of any previous entities, will be held in the Association, as borrower or guarantor; such amounts may, at the choice of the Association, be attributed to one any of these debts matured. (v) in any way, the State shall receive in respect of the al. (c) an amount by which the total exceeds the lower of the following two amounts: (a) the amount paid by the State in respect of its subscription or, (b) a percentage of the net assets of the Association, as it will appear on the books of the Association on the date on which the Government ceases to be member, equal to the percentage of the amount of its subscription compared to the total commitment of all Member States. (vi) all calculations required by the application of these provisions will be made on a basis reasonably determined by the Association.

(d) in any way, money owed to a State under this section shall be paid within six months following the date on which the State ceases to be a member. If, during this period of six months, from the date on which a State ceases to be a member of the Association, it suspends its operations in accordance with the provisions of section 5 of this article, all rights of the said Government will be determined by the provisions of this section 5, and that State will be considered as a member of the Association for the purposes of this section 5, but without voting rights.

Section 5: Suspension of operations and discharge of the commitments of the Association

(a) the Association may suspend temporarily its operations following a vote of the majority of Governors with the majority of the total voting rights. After the suspension of operations, the Association will cease all activities except those that relate to the orderly realization, conservation, and the safeguarding of its assets and the settlement of its obligations. Pending settlement final those obligations and the distribution of such assets, the Association will remain in existence and all the mutual rights and obligations of the Association and its members, in the context of this agreement, remain intact. However, no Member State may be suspended or may resign and no distribution shall be made among Member if in accordance with the provisions of the present section.b) no distribution shall be made to Member States in respect of their subscriptions until all liabilities to creditors have been paid or have been the subject of provisions and before the Board of Governors by a vote of a majority of the Governors (, a majority of the total voting rights, has decided to proceed with such repartition.c) subject to the foregoing and all special provisions which could be taken on the allocation of additional resources at the time when such resources were paid to the Association, it will distribute its assets among the Member States in proportion to the amounts which they had paid their subscriptions. Any distribution complies with the preceding provisions of this al. (c) will be subject, in the case of a Member State, to the advance payment of all receivables outstanding of that State to the Association. Said distribution will be made on the dates, currencies, in the form of cash or other assets, as the Association may deem fair and equitable. The distribution between the various members will not necessarily to the type of distributed assets or the currencies in which they are libelles.d) all State-member receiving assets distributed by the Association pursuant to this section or section 4 will be subrogated to all vested rights to the Association on these assets prior to their distribution.

S. VIII status, immunities and privileges Section 1: purpose of this section to establish the Association able to perform the duties entrusted to him, the legal status, immunities and privileges defined in this section will be awarded to the Association on the territories of each Member State.
Section 2: Legal status of the Association will have a legal personality comprehensive and, in particular, the capacity: (i) to contract; (ii) to acquire and dispose of movable and immovable property; (iii) to institute legal proceedings.

Section 3: Position of the Association with legal action the Association may not be prosecuted before a court having jurisdiction over the territories of a Member State where it has an office, has appointed an officer to receive the meanings or notifications of summons or has issued or guaranteed securities. However, no legal action can be brought by Member States or by persons acting on behalf of those States, or claiming rights ceded by them. The property and assets of the Bank, wherever they may be located and whatever the holder, will be free from any form of seizure, opposition or execution until a final judgment has not been pronounced against the Association.
Section 4: Seizure of assets property and assets of the Association, wherever they may be located and whatever the holder, will be safe from search, requisition, confiscation, expropriation or any other form of seizure on the part of the Executive or legislative.
Section 5: Inviolability of the archives the archives of the Association shall be inviolable.
Section 6: Exemption for the benefit of the assets of the Association to the extent necessary for the performance of the operations provided for in this agreement and subject to the provisions thereof, all property and assets of the Association will be free from restrictions, regulations, controls and moratoria of any nature.
Section 7: Privilege for communications Member States shall apply to the official communications of the Association the same treatment as the official communications of the other Member States.
Section 8: Immunities and privileges of leaders and staff all Governors, directors, alternates, officers and all staff of the Association: (i) cannot be the subject of prosecution for acts performed by them in the exercise of official duties, except when the Association will be lifted this immunity; (ii) when they are not nationals of the State where they perform their duties , they will receive for immigration restrictions, registration of foreigners, of military obligations and restrictions change, the same immunities, and the same facilities as those accorded by Member States to the representatives, officials and employees of similar of the other Member States rank; (iii) benefit for travel facilities, the same treatment as that accorded by Member States to the representatives officials and employees of similar rank of other Member States.

Section 9: Immunities tax) the Association, its assets, property, income, as well as its operations and transactions authorized by this Agreement shall be exempt from all taxes and all customs duties. The Association will be also exempt from any obligation relating to the recovery or payment of a tax or right quelconque.b) no tax shall be levied on the salaries and emoluments paid by the Association in its alternate directors, officers or employees, if they are not citizens, subjects or nationals of the country where they perform their fonctions.c) no tax nature any shall be levied on the bonds or securities issued by the Association or the dividends and interest regardless of the holder of these securities: (i) If this tax constitutes a measure of discrimination against such obligation or value of the single fact that it is issued by the Association; (ii) or if such tax is only legal basis the place or the currency of issuance, place or regulations planned or actual currency or the location of an office or other Association operations centre.

(d) no tax shall be levied on any obligation or guaranteed by the Association, nor the dividends and interest, regardless of the holder of these securities: (i) If this tax is a measure of discrimination against such obligation or value from the mere fact that it is guaranteed by the Association; (ii) or such tax has only legal basis for the location of a bureau or centre of operations of the Association.

Section 10: Implementation of this section any Member State will take all necessary measures to implement the principles set out in this section into its own legislation, on its own territories and it will inform the Association of the detailed measures it has taken to this effect.

S. IX amendments has) any proposal to make changes to this agreement, that it comes from a Member State, of a Governor or administrators, shall be communicated to the Chairman of the Board of Governors who submit audit Council. If the proposed amendment is approved by the Board, the Association asked, by letter or circular telegram, to all Member States, whether they accept the proposed amendment. When three-fifths of the Member States, with four-fifths of the total voting rights, have accepted the proposed amendment, the Association will give Act by an official communication to all States - membres.b) Notwithstanding para. (a) above, the acceptance by all Member States is required in the case of any amending amendment: (i) the right to withdraw from the Association, provided for in art. VII, section 1; (ii) the right guaranteed by art. III, section 1 (c); (iii) the limitation of liability provided for in art. II, section 3.

(c) the amendments enter into force, for all Member States, three months after the date of the official communication, unless a shorter period is specified in the letter or the circular telegram.

S. X Interpretation and arbitration


(a) any question of interpretation of the provisions of this agreement between a Member State to the Association or the Member States between them will be subject to the decision of administrators. If the issue particularly affects a Member State of the Association not empowered to appoint an administrator of the Bank, that Member State will have the facility to be represented, in accordance with art. VI, section 4 (g) .b) in any case where administrators have rendered a decision under the terms of the al. (a) above, any Member State may request that the issue be referred to the Board of Governors, whose decision shall be conclusive. Until the Council has decided, the Association may, to the extent where it considers it necessary, Act on the basis of the decision of the Administrateurs.c) whenever a disagreement will occur between the Association and a country that has ceased to be a member, or between the Association and a Member State during the suspension permanent operations of the Association, this disagreement will be submitted to arbitration by a tribunal of three arbitrators including an arbitrator appointed by the Association, an arbitrator designated by the Member State and a tracting which, unless the parties agree otherwise, shall be appointed by the President of the Permanent International Justice Court or such other authority designated by the regulations adopted by the Association. The tracting will have full power to settle all questions of procedure on which the parties would disagree.

S. XI provisions finals Section 1: entry into force this Agreement shall enter into force as soon as it was signed on behalf of Governments whose subscriptions represent at least 65% of the total of the subscriptions listed in Annex A and the documents referred to in section 2 (a) of the present Article are filed in their name, but in no case this agreement enters into force before September 15, 1960.
Section 2: Signature a) each Government on whose behalf the present agreement will be signed, the Bank will deposit an instrument establishing that he has accepted this agreement in accordance with its laws and has taken all necessary measures to implement State to perform all of its obligations arising from the present Accord.b) each Government become Member of the Association on the date of the deposit on behalf of the instrument referred to above under (a) (, that no Government will become Member of the Association until this agreement has entered into force under the terms of section 1 of this Article.c subject) this agreement will remain, until December 31, 1960, opened for signature at the headquarters of the Bank, representatives of the States listed in Annex A; However, if this agreement has not entered into force on that date, the directors of the Bank may extend for up to six months the period during which this Agreement shall remain open for the signature.d) once the agreement entered into force, it will be open for signature by the representatives of all States whose membership will be approved in accordance with the provisions of art. II, section 1 (b).

Section 3: Territorial Application by appending their signature to this agreement, all Governments accept both in their own name as all the territories for the international relations of which they are responsible, with the exception of the territories which will be subject to written notification addressed by these Governments in the Association.
Section 4: Inauguration of the Association has) as soon as this agreement enters into force in accordance with section 1 of this Article, the President will convene a meeting of the Administrateurs.b) the Association will begin operations on the date of said reunion.c) before the first meeting of the Board of Governors, administrators will be able to exercise all powers of the Board of Governors with the exception of the powers granted to it by this agreement.

Section 5 registration the Bank is authorized to register this agreement with the United Nations Secretariat in accordance with the provisions of art. 102 of the Charter of the United Nations and the regulations y thereto adopted by the General Assembly.
Done at Washington in a single copy which shall remain deposited in the archives of the International Bank for Reconstruction and development, which said by signing below that it will be the depositary of this agreement, that it will file with the Secretariat of the United Nations and that it shall notify all the States whose name appears in schedule the date on which this agreement enters into force in accordance with the provisions of art. XI, section 1.
(Follow signatures)

RS 0.120 Annex A subscriptions initial (in millions of United States dollars) * first part Germany 52,96 Australian 20.18 Austria 5.04 Belgium 22.70 Canada 37.83 Denmark 8.74 US 320.29 Finland 3.83 France 52,96 Britain 131.14 Italy 18.16 Japan 33,59 Luxembourg 1.01 Norway 6.72 Netherlands 27.74 Sweden 10.09 Union South Africa 10.09 763,07 * in United States dollars of the weight and the title legal in the date of January 1, 1960.

Second part Afghanistan 1.01 Saudi Arabia 3.70 Argentina 18.83 Burma 2.02 Bolivia 1.06 Brazil 18.83 Ceylon 3.03 Chile 3.53 China 30,26 Colombia 3.53 Korea 1.26 Costa Rica 0.20 Cuba 4.71 El El Salvador 0.30 Ecuador 0.65 Spain 10.09 Ethiopia 0.50 Dominican Republic 0.40 Ghana 2.36 Greece 2.52 Guatemala 0.40 Haiti 0.76 Honduras 0.30 India 40.35 Indonesia 11.10 Iraq 0.76 Iran 4.54 Ireland 3.03 Iceland 0.10 Israel 1.68 Jordan 0.30 Lebanon Libya 1.01 Malaysia 2.25 Morocco 3.53 Mexico 8.74 Nicaragua 0.30 0.45

Pakistan 10.09 Panama 0.02 Paraguay 0.30 Peru 1.77 Philippines 5.04 United Arab Republic 6.03 Dominican Republic 0.40 Sudan 1.01 Thailand 3.03 Tunisia 1.51 Turkey 5.80 Uruguay 1.06 Venezuela 7.06 Vietnam 1.51 Yugoslavia 4.04 236,93 Total 1000.00 State on June 20, 2014 scope on June 20, 2014, States parties acceptance Declaration of succession (S) entry into force Afghanistan February 2 1961 2 February 1961 Africa du Sud 12 October 1960 12 October 1960 Albania 15 October 1991 15 October 1991

Algeria 26 September 1963 26 September 1963 Germany September 24, 1960 24 September 1960 Angola 19 September 1989 19 September 1989 Saudi Arabia December 30, 1960 December 30, 1960 Argentina August 3, 1962 3 August 1962 Armenia 25 August 1993 25 August 1993 Australia 11 July 1960 September 24, 1960 Austria June 28, 1961 28 June 1961 Azerbaijan 31 March 1995 31 March 1995 Bahamas 23 June 2008 23 June 2008 Bangladesh 17 August 1972 17 August 1972 Barbados 29 September 1999 September 29, 1999 Belgium July 2, 1964 July 2, 1964 Belize 19 March 1982 19 March 1982 Benin September 16, 1963 16 September 1963 Bhutan 28 September 1981 28 September 1981 Bolivia June 21, 1961 June 21, 1961 Bosnia and Herzegovina 25 February 1993 S 25 February 1993 Botswana 24 July 1968 24 July 1968 Brazil 15 March 1963 15 March 1963 Burkina Faso may 13, 1963 May 13, 1963 Burundi 28 September 1963 28 September 1963 Cambodia

July 22, 1970 22 July 1970 Cameroon April 10, 1964 April 10, 1964 Canada August 9, 1960 24 September 1960 Cape Verde 20 November 1978 20 November 1978 Chile December 30, 1960 December 30, 1960 China August 1, 1960 August 1, 1960 Hong Kong 18 June 1997 1 July 1997 Cyprus March 2, 1962 March 2, 1962 Colombia 16 June 1961 16 June 1961 Comoros December 9, 1977 December 9, 1977 Congo (Brazzaville) November 8, 1963 November 8, 1963 Congo (Kinshasa)

28 September 1963 28 September 1963 Korea (South) 18 May 1961 18 May 1961 States parties acceptance Declaration of succession (S) entry into force Costa Rica 30 June 1961 30 June 1961 Côte d'Ivoire March 11, 1963 March 11, 1963 Croatia 25 February 1993 S 25 February 1993 Denmark November 30, 1960 November 30, 1960 Djibouti October 1, 1980 1 October 1980 Dominique September 29, 1980 September 29, 1980 Egypt 26 October 1960 October 26, 1960 El El Salvador 23 April

1962 23 April 1962 UAE United 23 December 1981 23 December 1981 Ecuador November 7, 1961 November 7, 1961 Eritrea 6 July 1994 6 July 1994 Spain 18 October 1960 18 October 1960 Estonia October 11, 2008 October 11, 2008 United States 9 August 1960 24 September 1960 Ethiopia April 11, 1961 11 April 1961 Fiji 29 September 1972 29 September 1972 Finland December 29, 1960 December 29, 1960 France December 30, 1960 December 30, 1960 Gabon 4 November 1963

4 November 1963 Gambia October 18, 1967 October 18, 1967 Georgia 31 August 1993 31 August 1993 Ghana December 29, 1960 December 29, 1960 Greece January 9, 1962 January 9, 1962 Granada August 27, 1975 27 August 1975 Guatemala April 27, 1961 27 April 1961 Guinea September 26, 1969 September 26, 1969 Guinea Equatorial April 5, 1972 April 5, 1972 Guinea-Bissau March 25, 1977 25 March 1977 Guyana January 4, 1967 4 January 1967 Haiti 13 June 1961 13 June

1961 Honduras 23 December 1960 23 December 1960 Hungary April 29, 1985 April 29, 1985 Marshall Islands 19 January 1993 19 January 1993 India September 20, 1960 24 September 1960 Indonesia 20 August 1968 August 20, 1968 Iran October 10, 1960 October 10, 1960 Iraq December 29, 1960 December 29, 1960 Ireland December 22, 1960 December 22, 1960 Iceland may 19, 1961 19 May 1961 Israel December 22, 1960 December 22, 1960 Italy September 19, 1960 24 September 1960 Japan


December 27, 1960 December 27, 1960 Jordan October 4, 1960 October 4, 1960 Kazakhstan 23 July 1992 23 July 1992 Kenya February 3, 1964 February 3, 1964 Kyrgyzstan 24 September 1992 September 24, 1992 Kiribati 2 October 1986 2 October 1986 Kosovo June 29, 2009 June 29, 2009 Kuwait September 13, 1962 13 September 1962 Laos October 28, 1963 October 28, 1963 Lesotho September 19, 1968 19 September 1968 Latvia 11 August 1992 11 August 1992 Lebanon April 10, 1962

April 10, 1962 Liberia March 28, 1962 March 28, 1962 Libya 1 August 1961 1 August 1961 Lithuania 23 September 2011 September 23, 2011 Luxembourg June 4, 1964 June 4, 1964 Macedonia 25 February 1993 S 25 February 1993 Madagascar September 25, 1963 25 September 1963 Malaysia September 2, 1960 24 September 1960 Malawi July 19, 1965 19 July 1965 Maldives 13 January 1978 13 January 1978 Mali September 27, 1963 27 September 1963 Morocco December 29, 1960 December 29

1960 Maurice September 23, 1968 23 September 1968 Mauritania 10 September 1963 September 10, 1963 Mexico April 24, 1961 24 April 1961 Micronesia 24 June 1993 24 June 1993 Moldova 14 June 1994 14 June 1994 Mongolia 14 February 1991 14 February 1991 Montenegro 18 January 2007 18 January 2007 Mozambique 24 September 1984 24 September 1984 Myanmar November 5, 1962 November 5, 1962 Nepal March 6, 1963 March 6, 1963 Nicaragua December 30, 1960 December 30, 1960 Niger 24 April 1963 24 April 1963 Nigeria 14 November 1961 14 November 1961 Norway 16 August 1960 24 September 1960 New Zealand 1 October 1974 1 October 1974 Oman 20 February 1973 20 February 1973 Uganda 27 September 1963 27 September 1963 Uzbekistan 24 September 1992 September 24, 1992 Pakistan 9 June 1960 24 September 1960 Palau 16 December 1997 16 December 1997 Panama September 1, 1961 1 September 1961 Papua New Guinea 9 October 1975 9 October 1975 Paraguay February 10, 1961 10 February 1961 Netherlands June 30, 1961 30 June 1961 Peru 30 August 1961 30 August 1961 Philippines October 28, 1960 28 October 1960 Poland 28 June 1988 28 June 1988 Portugal 29 December 1992 29 December 1992 Republic Central African 27 August 1963 August 27, 1963 Dominican Republic 16 November 1962 November 16, 1962 Czech Republic 1 January 1993 S January 1, 1993 United Kingdom 14 September 1960 24 September 1960 Russia June 16, 1992 16 June 1992 Rwanda September 30, 1963

30 September 1963 Saint Lucia April 28, 1982 April 28, 1982 Saint - Kitts - and - Nevis October 23, 1987 23 October 1987 Saint - Vincent and the Grenadines August 30, 1982 30 August 1982 Solomon Islands July 21, 1980 21 July 1980 Samoa 28 June 1974 June 28, 1974 Sao Tome - and - Principe 30 September 1977 30 September 1977 Senegal 31 August 1962 August 31, 1962 Serbia 25 February 1993 25 February 1993 Sierra Leone November 13, 1962 November 13, 1962 Singapore September 27, 2002 27 September 2002 Slovakia 1 January

1993 S January 1, 1993 Slovenia 25 February 1993 S 25 February 1993 Somalia August 31, 1962 August 31, 1962 Sudan 25 August 1960 September 24, 1960 South Sudan April 18, 2012 April 18, 2012 Sri Lanka June 27, 1961 June 27, 1961 Sweden June 21, 1960 24 September 1960 Switzerland 29 May 1992 29 May 1992 Swaziland 22 September 1969 22 September 1969 Syria June 28, 1962 28 June 1962 Tajikistan 4 June 1993 4 June 1993 Tanzania

November 6, 1962 6 November 1962 Chad November 7, 1963 November 7, 1963 Thailand September 24, 1960 in the 24 September 1960 Timor - Leste 23 July 2002 July 23, 2002 Togo August 21, 1962 August 21, 1962 Tonga 23 October 1985 23 October 1985 Trinidad and Tobago October 30, 1972 30 October 1972 Tunisia December 30, 1960 December 30, 1960 Turkey December 22, 1960 December 22, 1960 Tuvalu June 24, 2010 June 24, 2010 Ukraine 27 May 2004 May 27, 2004 Vanuatu 28 September 1981

28 September 1981 Viet Nam 27 July 1960 September 24, 1960 Yemen 22 May 1970 22 May 1970 Zambia 23 September 1965 September 23, 1965 Zimbabwe 29 September 1980 29 September 1980 RO 1992 2680; FF 1991 II 1121 translation of the original English text.
RO 1992 2570 1992 2680 RO, 2005 2113, 2011 1739, 2014 2393. A version of the update scope is published on the web site of the FDFA (www.dfae.admin.ch/traites).
The date of acceptance is also the date of the signature.

State on June 20, 2014

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