Article Thirteen: Withdrawal and Suspension of Membership
13.01 A Member may withdraw from the Fund by transmitting a notice to this effect addressed to the Chairman of the Ministerial Council. 13.02 Withdrawal shall take effect on the date specified in the notice, which shall not be less than six months after receipt of such notice. 13.03 If a Member fails to fulfill any of its obligations to the Fund, the Ministerial Council may suspend its membership by a three- fourths majority of the Members contributing seventy percent of the Fund’s resources. Unless the Ministerial Council decides otherwise, the Member so suspended shall automatically cease to be a Member two years from the date of its suspension. While under suspension, a Member shall not be entitled to exercise any rights under this Agreement except the right of withdrawal and shall remain subject to all of its obligations. 13.04 Whenever a State ceases to be a Member, whether by with- drawal or through the operation of Article 13.03, it shall remain under the obligation to pay its pro rata share of the commit- ments made by the Fund up to the date of effectiveness of the termination of its membership. 13.05 In case of a dispute between the Fund and a State that has ceased to be a Member, or between the Fund and any Member upon the termination of the operations of the Fund, such dispute shall be referred to the Ministerial Council in an attempt to reach an amicable settlement acceptable to both parties. In case no such settlement is reached, the dispute shall be sub- mitted to arbitration by a tribunal of three arbitrators. One of the arbitrators shall be appointed by the Fund, another by the Member or former Member concerned and the two parties shall appoint the third arbitrator, who shall be the Chairman. If within 45 days of receipt of the request for arbitration either party has not appointed an arbitrator, or if within 30 days of
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