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{\revtim\yr2008\mo7\dy9\hr16\min11}{\version5}{\edmins4}{\nofpages7}{\nofwords1877}{\nofchars10703}{\*\company USP}{\nofcharsws12555}{\vern16393}{\*\password 00000000}}{\*\xmlnstbl }\paperw11906\paperh16838\margl1800\margr1800\margt1440\margb1440\gutter0 \widowctrl\ftnbj\aenddoc\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\formshade\horzdoc\dgmargin\dghspace180\dgvspace180\dghorigin1701\dgvorigin1984\dghshow1\dgvshow1 \jexpand\viewkind4\viewscale100\pgbrdrhead\pgbrdrfoot\splytwnine\ftnlytwnine\htmautsp\nolnhtadjtbl\useltbaln\alntblind\lytcalctblwd\lyttblrtgr\lnbrkrule\nobrkwrptbl\snaptogridincell\allowfieldendsel\wrppunct\asianbrkrule\rsidroot3868201 \fet0 {\*\wgrffmtfilter 013f}\sectd \linex0\headery708\footery708\colsx708\endnhere\sectlinegrid360\sectdefaultcl\sftnbj {\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3 \pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}} {\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16532922 \fs24\lang2057\langfe1033\cgrid\langnp2057\langfenp1033 {\b\insrsid13118149 NIUE LAWS \par LEGISLATION AS AT DECEMBER 2006 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12600128 {\b\insrsid13118149 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16532922 {\b\insrsid4549680\charrsid7165606 INTERNATIONAL FINANCE AGREEMENTS ACT 1961}{\b\insrsid4549680 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12600128 {\b\insrsid12600128\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16532922 {\insrsid4549680\charrsid12600128 Act }{\insrsid7165606\charrsid12600128 3 of 1961 (NZ) \endash 16 August 1961}{ \insrsid4549680\charrsid12600128 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 [This Act as a whole was not made Niue law, but section 8 of the Act made specific provisions of the Act Niue law. Those provisions are set out here.] \par }{\insrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid4549680\charrsid7165606 \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \endash \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid4549680\charrsid7165606 SCHEDULE 1}{\b\insrsid4549680 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9591607 {\b\insrsid7165606\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid4549680\charrsid7165606 Article VIII, section 2 \par }{\insrsid4549680\charrsid7165606 ....}{\insrsid4549680 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9591607 {\insrsid7165606\charrsid7165606 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid4549680\charrsid7165606 (b) Exchange cont racts which involve the currency of any member and which are contrary to the exchange control regulations of that member maintained or imposed consistently with this Agreement shall be unenforceable in the territories of any member. In addition, members m ay, by mutual accord, cooperate in measures for the purpose of making the exchange control regulations of either member more effective, provided that such measures and regulations are }{\insrsid7165606 consistent with this Agreement.}{\insrsid4549680 \par }{\insrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid7165606\charrsid9591607 Article IX, sections 2-9 \par }{\b\insrsid4549680\charrsid9591607 Status, Immunities and Privileges of the IMF \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid7165606\charrsid9591607 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid4549680\charrsid9591607 SECTION 2 \endash STATUS OF THE F}{\b\insrsid7165606\charrsid9591607 UND \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606 \par }{\insrsid4549680\charrsid7165606 The Fund shall possess full juridical personality, and, in particular, the capacity \endash }{\insrsid4549680 \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7165606 {\insrsid7165606\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (i) To contract; \par (ii) To acquire and dispose of immovable and movable property; \par (iii) To institute legal proceedings. \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9591607 {\b\insrsid7165606\charrsid9591607 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid4549680\charrsid9591607 SECTION 3 }{\b\insrsid7165606\charrsid9591607 \endash }{\b\insrsid4549680\charrsid9591607 IMMUNITY FROM JUDICIAL PROCESS \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606 \par }{\insrsid4549680\charrsid7165606 The Fund, its property and its assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that it expressly waives its immunity for the purpose of any proceedings o}{\insrsid7165606 r by the terms of any contract.}{\insrsid4549680 \par }{\insrsid7165606\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid4549680\charrsid9591607 SECTION 4 }{\b\insrsid7165606\charrsid9591607 \endash }{\b\insrsid4549680\charrsid9591607 IMMUNITY FROM OTHER ACTION \par }{\insrsid7165606\charrsid7165606 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid4549680\charrsid7165606 Property and assets of the Fund, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of seizure by e}{\insrsid7165606 xecutive or legislative action.}{\insrsid4549680 \par }{\insrsid7165606\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid4549680\charrsid9591607 SECTION 5 - IMMUNITY OF ARCHIVES}{\b\insrsid7165606\charrsid9591607 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606 \par }{\insrsid4549680\charrsid7165606 The archives of the Fund shall be inviolable.}{\insrsid4549680 \par }{\insrsid7165606\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid4549680\charrsid9591607 SECTION 6 -FREEDOM OF ASSETS FROM RESTRICTIONS \par }{\insrsid7165606\charrsid7165606 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid4549680\charrsid7165606 To the extent necessary to carry out the operations provided for in this Agreeme nt, all property and assets of the Fund shall be free from restrictions, regulations, controls and moratoria of any nat}{\insrsid7165606 ure.}{\insrsid4549680 \par }{\insrsid7165606\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid4549680\charrsid9591607 SECTION 7 - PRIVILEGE FOR C}{\b\insrsid7165606\charrsid9591607 OMMUNICATIONS \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606 \par }{\insrsid4549680\charrsid7165606 The official communications of the Fund shall be accorded by members the same treatment as the official c}{\insrsid7165606 ommunications of other members.}{\insrsid4549680 \par }{\insrsid7165606\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid4549680\charrsid9591607 SECTION 8 - IMMUNITIES AND PRIVILEGES OF OFFICERS AND E}{\b\insrsid7165606\charrsid9591607 MPLOYEES \par }{\insrsid7165606 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid4549680\charrsid7165606 All Governors, Executive Directors, Alternates, officers and employees of the Fund \endash }{\insrsid4549680 \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7165606 {\insrsid7165606\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (i) shall be immune from legal process with respect to acts performed by them in their official capacity, except when}{\insrsid7165606 the Fund waives this immunity;}{\insrsid4549680 \par }{\insrsid7165606\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (ii) not being local nationals, shall be granted the same immunities from immigration restrictions, alien registration requirements and national service obligati ons and the same facilities as regards exchange restrictions as are accorded by members to the representatives, officials, and employees of comparable rank of other members; \par \par (iii) shall be granted the same treatment in respect of travelling facilities as is accorded by members to representatives, officials and employees of co}{\insrsid7165606 mparable rank of other members.}{\insrsid4549680 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\b\insrsid4549680\charrsid9591607 SECTION 9 -IMMUNITIES FROM T}{\b\insrsid7165606\charrsid9591607 AXATION}{\insrsid4549680 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (a) The Fund, its assets, property, income and its operations and transactions authorised by this Agreement shall be immune from all taxation and from all customs duties. The Fund shall also be immune from liability for the collection}{\insrsid7165606 or payment of any tax or duty.}{\insrsid4549680 \par }{\insrsid7165606\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (b) No tax shall be levied on or in respect of salaries and emoluments paid by the Fund to Executive Directors, Alternates, officers or employees of the Fund who are not local citizens, local subjects, or other l}{ \insrsid7165606 ocal nationals.}{\insrsid4549680 \par }{\insrsid7165606\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (c) No taxation of any kind shall be levied on any obligation or security issued by the Fund, including any dividend or interest thereon, by whomsoever held \endash }{\insrsid4549680 \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7165606 {\insrsid7165606\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (i) which discriminates against such obligation or security solely because of its origin; or \par }{\insrsid7165606 \par }{\insrsid4549680\charrsid7165606 (ii) if the sole jurisdictional basis for such taxation is the place or currency in which it is issued, made payable or paid, or the location of any office or place of business maintained by the Fund. \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid4549680 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606 ____________________________ \par }{\insrsid7165606\charrsid7165606 \par }{\b\insrsid4549680\charrsid9591607 SCHEDULE 2}{\b\insrsid7165606\charrsid9591607 \par }{\b\insrsid4549680\charrsid9591607 Article VII, sections 2-9}{\b\insrsid7165606\charrsid9591607 \par }{\b\insrsid4549680\charrsid9591607 Statutes, Immunities and Privileges of the IBRD \par }{\b\insrsid7165606\charrsid9591607 \par }{\b\insrsid4549680\charrsid9591607 SECTION 2 - STATUS OF THE BANK}{\b\insrsid7165606\charrsid9591607 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606 \par }{\insrsid4549680\charrsid7165606 The Bank shall possess full juridical personality, and, in particular, the capacity \endash }{\insrsid4549680 \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7165606 {\insrsid7165606\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (i) to contract; \par }{\insrsid7165606 \par }{\insrsid4549680\charrsid7165606 (ii) to acquire and dispose of immovable and moveable property; \par \par (iii) }{\insrsid7165606 to institute legal proceedings.}{\insrsid4549680 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606\charrsid7165606 \par }{\b\insrsid4549680\charrsid9591607 SECTION 3 - POSITION OF THE BANK WITH REGARD TO JUDICIAL PROCESS \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7165606 \par }{\insrsid4549680\charrsid7165606 Actions may be brought against the Bank only in a Court of competent jurisdiction in the territories of a member in which the Bank has an o ffice, has appointed an agent for the purpose of accepting service or notice of process, or has issued or guaranteed securities. No actions shall, however, be brought by members or persons acting for or deriving claims from members. The property and asset s of the Bank shall, wheresoever located and by whomsoever held, by immune from all forms of seizure, attachment or execution before the delivery of final judgment against the Bank. \par International Financ}{\insrsid15220828 e Agreements Act 1961}{\insrsid4549680 \par }{\insrsid15220828\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15220828 {\b\insrsid4549680\charrsid9591607 SECTION 4 - IMMUNITY OF ASSETS FROM SEIZURE \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 Property and assets of the Bank, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of seizure by executive or}{\insrsid15220828 legislative action.}{\insrsid4549680 \par }{\insrsid15220828\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15220828 {\b\insrsid4549680\charrsid9591607 SECTION 5 - IMMUNITY OF ARCHIVES}{\b\insrsid15220828\charrsid9591607 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 The archives of the Bank shall be inviolable.}{\insrsid4549680 \par }{\insrsid15220828\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15220828 {\b\insrsid4549680\charrsid9591607 SECTION 6 - FREEDOM OF ASSETS FROM RESTRICTIONS \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of this Agreement, all property and assets of the Bank shall be free from restrictions, regulations, contro} {\insrsid15220828 ls and moratoria of any nature.}{\insrsid4549680 \par }{\insrsid15220828\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15220828 {\b\insrsid4549680\charrsid9591607 SECTION 7 - PRIVILEGE FOR C}{\b\insrsid15220828\charrsid9591607 OMMUNICATIONS}{\insrsid15220828 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15220828 {\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 The official communications of the Bank shall be accorded by each member the same treatment that it accords to the official communications of other members.}{\insrsid4549680 \par }{\insrsid15220828\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15220828 {\b\insrsid4549680\charrsid9591607 SECTION 8 - IMMUNITIES AND PRIVILEGES OF OFFICERS AND EMPLOYEES}{\b\insrsid15220828\charrsid9591607 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 All Governors, Executive Directors, Alternates, officers and employees of the Bank \endash }{\insrsid4549680 \par }{\insrsid15220828\charrsid7165606 \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7297186 {\insrsid4549680\charrsid7165606 (i) Shall be immune from legal pr ocess with respect to acts performed by them in their official capacity except when the Bank waives this immunity; \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7297186 {\insrsid15220828 \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7297186 {\insrsid4549680\charrsid7165606 (ii) Not being local nationals, shall be accorded the same immunities from immigration restrictions, alien registration requirements and na tional service obligations and the same facilities as regards exchange restrictions as are accorded by members to the representatives, officials and employees of comparable rank of other members; \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7297186 {\insrsid4549680\charrsid7165606 \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid7297186 {\insrsid4549680\charrsid7165606 (iii) Shall be granted the same treatment in respect of tr avelling facilities as is accorded by members to representatives, officials and employees of comparable rank of other members. \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15220828 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15220828 {\b\insrsid4549680\charrsid9591607 SECTION 9 - IMMUNITIES FROM TAXATION \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 (a) The Bank, its assets, property, income and its operations and transactions authorised by this Agreement, shall be immune from all taxation and from all customs duties. The Bank shall also be immune from liability for the collection}{\insrsid15220828 or payment of any tax or duty.}{\insrsid4549680 \par }{\insrsid15220828\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (b) No tax shall be levied on or in respect of salaries and emoluments paid by the Bank to Executive Directors, Alternates, officials or employees of the Bank who are not local citizens, local subjects, or other local nationals. \par }{\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 (c) No taxation of any kind shall be levied on any obligation or security issued by the Bank (including any dividend or interest thereon) by whomsoever held \endash \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15220828 {\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 (i) Which discriminates against such obligation or security solely because it is issued by the Bank; or \par }{\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 (ii) If the sole jurisdictional basis for such taxation is the place or currency in which it is issued, made payable or paid, or the location of any office or place of business maintained by the Bank. \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 (d) No taxation of any kind shall be levied on any obligation or security guaranteed by the Bank (including any dividend or interest thereon) by whomsoever held \endash \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15220828 {\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 (i) Which discriminates against such obligation or security solely because it is guaranteed by the Bank; or \par }{\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 (ii) If the sole jurisdictional basis for such taxation is the location of any office or place of business maintained by the Bank. \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid4549680 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15220828 {\insrsid15220828 __________________________ \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15220828\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15220828 {\b\insrsid15220828\charrsid9591607 SCHEDULE 3 \par Article VI, sections 2-9 and 11 \par }{\b\insrsid4549680\charrsid9591607 Status, Immunities and Privileges of the IFC \par }{\b\insrsid15220828\charrsid9591607 \par }{\b\insrsid4549680\charrsid9591607 SECTION 2 - STATUS OF THE C}{\b\insrsid15220828\charrsid9591607 ORPORATION \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15220828 \par }{\insrsid4549680\charrsid7165606 The Corporation shall possess full juridical personality and, in particular, the capacity \endash }{\insrsid4549680 \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1861444 {\insrsid1861444\charrsid7165606 \par }{\insrsid15220828 (i) to contract;}{\insrsid4549680 \par }{\insrsid15220828\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (ii) to acquire and dispose of immovable and movable property; \par \par (iii) }{\insrsid7281161 to institute legal proceedings.}{\insrsid4549680 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7281161\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7281161 {\b\insrsid4549680\charrsid9591607 SECTION 3 - POSITION OF THE CORPORATION WITH REGARD TO JUDICIAL PROCESS \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid7281161 \par }{\insrsid4549680\charrsid7165606 Actions may be brought against the Corporation only in a Court of competent jurisdiction in the territories of a member in which the Corporation has an office, has appointed an agent for the purpose of accepting service or notice of process, or has issued or guaranteed securities. No actions shall, however, be brought by members or persons acting for or deriving claims from members. The property and assets of the Corporation shall, wheresoever located and by whomsoever held , be immune from all forms of seizure, attachment or execution before the delivery of final ju}{\insrsid15825296 dgment against the Corporation.}{\insrsid4549680 \par }{\insrsid15825296\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15825296 {\b\insrsid4549680\charrsid9591607 SECTION 4 - IMMUNITY OF ASSETS FROM S}{\b\insrsid15825296\charrsid9591607 EIZURE}{ \b\insrsid4549680\charrsid9591607 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15825296\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 Property and assets of the Corporation, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of seizure by executive or legislative action. \par }{\insrsid15825296 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15825296 {\b\insrsid4549680\charrsid9591607 SECTION 5 - IMMUNITY OF ARCHIVES}{\b\insrsid15825296\charrsid9591607 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 The archives of the Corporation shall be inviolable.}{\insrsid4549680 \par }{\insrsid15825296\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15825296 {\b\insrsid4549680\charrsid9591607 SECTION 6 - FREEDOM OF ASSETS FROM RESTRICTIONS \par }{\insrsid15825296\charrsid7165606 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid4549680\charrsid7165606 To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of Article III, section 5, and the other provisions of this Agreement, all property and assets of the Corporation shall be free from restrictions, regulations, contro}{\insrsid15825296 ls and moratoria of any nature.}{\insrsid4549680 \par }{\insrsid15825296\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15825296 {\b\insrsid4549680\charrsid9591607 SECTION 7 \endash PRIVILEGE FOR C}{\b\insrsid15825296\charrsid9591607 OMMUNICATIONS \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 The official communications of the Corporation shall be accorded by each member the same treatment that it accords to the official communications of other members. \par }{\insrsid15825296 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15825296 {\b\insrsid4549680\charrsid9591607 SECTION 8 - IMMUNITIES AND PRIVILEGES OF OFFICERS AND E}{\b\insrsid15825296\charrsid9591607 MPLOYEES \par }{\insrsid15825296 \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid4549680\charrsid7165606 All Governors, Directors, Alternates, officers and employees of the Corporation \endash \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15825296 {\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 (i) shall be immune from legal process with respect to acts performed by them in their official capacity; \par }{\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 (ii) not being local nationals, shall be accorded the same immunities from immigration restrictions, alien registration requirements and national service obligat ions and the same facilities as regards exchange restrictions as are accorded by members to the representatives, officials and employees of comparable rank of other members; \par \par (iii) shall be granted the same treatment in respect of travelling facilities as is accorded by members to representatives, officials and employees of comparable rank of other members. \par }{\insrsid15825296 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15825296 {\b\insrsid4549680\charrsid9591607 SECTION 9 - IMMUNITIES FROM TAXATION \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 (a) The Corporation, its assets, property, income, and its operations and transactions authorised by this Agree ment, shall be immune from all taxation and from all customs duties. The Corporation shall also be immune from liability for the collection}{\insrsid15825296 or payment of any tax or duty.}{\insrsid4549680 \par }{\insrsid15825296\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (b) No tax shall be levied on or in respect of salaries and emoluments paid by the C orporation to Directors, Alternates, officials or employees of the Corporation who are not local citizens, local subjects, or other local nationals.}{\insrsid4549680 \par }{\insrsid15825296\charrsid7165606 \par }{\insrsid4549680\charrsid7165606 (c) No taxation of any kind shall be levied on any obligation or security issued by the Corporation (including any dividend or interest thereon) by whomsoever held \endash \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15825296 {\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 (i) which discriminates against such obligation or security solely because it is issued by the Corporation; or \par }{\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 (ii) if the sole jurisdictional basis for such taxation is the place or currency in which it is issued, made payable or paid, or the location of any office or place of business maintained by the Corporation. \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 (d) No taxation of any kind shall be levied on any obligation or security guaranteed by the Corporation (including any dividend or interest thereon) by whomsoever held \endash \par }\pard \ql \li720\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15825296 {\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 (i) which discriminates against such obligation or security solely because it is guaranteed by the Corporation; or \par }{\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 (ii) if the sole jurisdictional basis for such taxation is the location of any office or place of business maintained by the Corporation. \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid4549680\charrsid7165606 \par }\pard \qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15825296 {\b\insrsid4549680\charrsid9591607 SECTION 11 \endash W}{\b\insrsid15825296\charrsid9591607 AIVER \par }\pard \ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7165606 {\insrsid15825296 \par }{\insrsid4549680\charrsid7165606 The Corporation in its discretion may waive any of the privileges and immunities conferred under this Article to such extent and upon such conditions as it may determine. }{\insrsid11087364\charrsid7165606 \par }}