Article Nine: Privileges and Immunities
9.01 The Fund and its assets shall enjoy in the territory of the Parties to this Agreement immunity from all confiscation measures, as well as from sequestration, moratoria or any form of seizure by executive or legislative action. 9.02 The Fund, its assets, property, income and its operations and transactions related thereto shall also be exempted from rules and regulations applicable to national public funds as well as from exchange control regulations and all forms of taxes and duties imposed in the countries Party to this Agreement. 9.03 The Fund shall enjoy immunity from every form of legal process excepting the arbitration procedures which the Fund accepts to participate therein. 9.04 The Fund shall ensure, by virtue of appropriate provisions in its loan agreements, that the Fund, its assets, transactions, revenues and documents shall receive in the territory of its Borrowers adequate immunity and exemption from taxation and charges, control over transfer of currencies, measures of expropriation, nationalization, sequestration, custody or seizure as well as submission to the jurisdiction of national courts in matters related to its loan agreements.
Article Ten: Amendment of the Agreement
10.01 Amendments to this Agreement may be proposed to the Ministerial Council by the Governing Board acting on the basis of a three-fourths majority of its Members. Amendments shall be adopted by the Ministerial Council, upon the recommenda- tion of the Governing Board or on its own initiative, by a three- fourths majority of Members contributing four-fifths of the con- tributions to the Fund.
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