council decis novemb conclus agreement establish european bank reconstruct develop eec council european commun regard treati establish european econom commun articl thereof regard propos commiss regard opinion european parliament peopl central eastern europ close histor ti peopl commun ti strengthen agreement cooper trade countri central eastern europ commit fundament principl multiparti democraci rule law respect human right countri implement reform order evolv market orient economi econom reform contribut signific vigor develop econom relat countri commun promot commun harmoni develop econom activ transit market orient economi requir consider invest princip privat sector public sector establish special bank suppli financ invest countri european econom commun european invest bank signifi intent member european bank reconstruct develop european basic charact broadli intern membership establish articl agreement end conclus agreement european econom commun achiev commun object field econom extern relat treati provid adopt decis power articl decid articl agreement establish european bank reconstruct develop approv behalf european econom commun text agreement annex decis articl governor altern governor bank repres commun articl agreement appoint commiss articl commiss design behalf commun institut act depositori articl articl agreement commiss offici entiti bank commun laid articl articl agreement articl presid council deposit behalf commun instrument approv provid articl articl agreement articl decis publish offici journal european commun brussel novemb council presid carli time member ceas member bank arrang repurchas member share part settlement account member accord provis articl purpos repurchas price share shown book bank date cessat membership origin purchas price share maximum payment share repurchas bank articl govern condit amount due member share withheld long member central bank agenc instrument remain liabl borrow guarantor bank amount option bank appli liabil matur amount withheld account liabil member result subscript share accord paragraph articl agreement event amount due member share paid month date member ceas member ii payment share made time time surrenderth member extent amount due repurchas price accord paragraph articl exce aggreg amount liabil loan equiti invest guarante subparagraph paragraph member receiv full repurchas price iii payment made condit fulli convert currenc ecu date bank determin iv loss sustain bank guarante particip loan loan outstand date member ceas member net loss sustain bank equiti invest held date amount loss exce amount reserv provid loss date member ceas member member repai demand amount repurchas price share reduc loss account repurchas price determin addit member remain liabl call unpaid subscript paragraph articl agreement extent requir respond impair capit occur call made time repurchas price share determin bank termin oper pursuant articl agreement month date member ceas member right member determin accord provis articl agreement articl temporari suspens oper emerg board director suspend temporarili oper respect loan guarante underwrit technic assist equiti invest pend opportun consider action board governor articl termin oper bank termin oper affirm vote third governor repres fourth total vote power member termin oper bank forthwith ceas activ incid orderli realiz conserv preserv asset settlement oblig articl liabil member payment claim event termin oper bank liabil member uncal subscript capit stock bank continu claim creditor includ conting claim discharg creditor ordinari oper hold direct claim paid asset bank payment made bank respect unpaid paid share payment made bank respect callabl capit stock make payment creditor hold direct claim board director make arrang judgement ensur pro rata distribut holder direct holder conting claim articl distribut asset distribut chapter made member account subscript capit stock bank liabil creditor discharg provid ii board governor decid vote third governor repres fourth total vote power member make distribut distribut asset bank member proport capit stock held member effect time condit bank deem fair equit share asset distribut uniform type asset member entitl receiv share distribut asset settl oblig bank member receiv asset distribut pursuant articl enjoi right respect asset bank enjoi prior distribut chapter viii statu immun privileg exempt articl purpos chapter enabl bank fulfil purpos function entrust statu immun privileg exempt set chapter accord bank territori member countri articl statu bank bank possess full legal person full legal capacit contract ii acquir dispos immov movabl properti iii institut legal proceed articl posit bank regard judici process action brought bank court compet jurisdict territori countri bank offic appoint agent purpos accept servic notic process issu guarante secur action brought member person act deriv claim member properti asset bank wheresoev locat whomsoev held immun form seizur attach execut deliveri final judgment bank articl immun asset seizur properti asset bank wheresoev locat whomsoev held immun search requisit confisc expropri form take foreclosur execut legisl action articl immun archiv archiv bank gener document belong held inviol articl freedom asset restrict extent carri purpos function bank subject provis agreement properti asset bank free restrict regul control moratoria natur articl privileg commun offici commun bank accord member treatment accord offici commun member articl immun offic employe governor director altern offic employe bank expert perform mission bank immun legal process respect act perform offici capac bank waiv immun enjoi inviol offici paper document immun appli civil liabil case damag aris road traffic accid caus governor director altern offic employe expert articl privileg offic employe governor director altern offic employe bank expert bank perform mission bank local nation accord immun immigr restrict alien registr requir nation servic oblig facil exchang regul accord member repres offici employe compar rank member ii grant treatment respect travel facil accord member repres offici employe compar rank member spous depend director altern director offic employe expert bank resid countri princip offic bank locat accord opportun employ countri spous depend director altern director offic employe expert bank resid countri agenc branch offic bank locat accord nation law countri accord similar opportun countri bank negoti specif agreement implement provis paragraph countri princip offic bank locat countri concern articl exempt taxat scope offici activ bank asset properti incom exempt direct tax purchas servic substanti exercis offici activ bank made bank price purchas op servic includ tax duti member levi tax duti identifi measur grant exempt tax duti provid reimburs good import bank exercis offici activ exempt import duti tax import prohibit restrict similarli good export bank exercis offici activ exempt export duti tax export prohibit restrict good acquir import exempt articl sold hire lent payment free charg accord condit laid member grant exempt reimburs provis articl appli tax duti charg public util servic director altern director offic employe bank subject intern effect tax benefit bank salari emolu paid bank subject condit laid rule adopt board governor period year date entri forc agreement date tax appli salari emolu exempt nation incom tax member account salari emolu exempt assess amount tax appli incom sourc notwithstand provis paragraph articl member deposit instrument ratif accept approv declar member retain polit subdivis local author tax salari emolu paid bank citizen nation member bank exempt oblig payment withhold collect tax bank make reimburs tax paragraph articl appli pension annuiti paid bank tax kind levi oblig secur issu bank includ dividend interest thereon whomsoev held discrimin oblig secur sole issu bank ii sole jurisdict basi taxat place currenc issu made payabl paid locat offic place busi maintain bank tax kind levi oblig secur guarante bank includ dividend interest thereon whomsoev held discrimin oblig secur sole guarante bank ii sole jurisdict basi taxat locat offic place busi maintain bank articl implement chapter member promptli action purpos implement provis chapter inform bank detail action articl waiver immun privileg exempt immun privileg exempt confer chapter grant interest bank board director waiv extent condit determin immun privileg exempt confer chapter case action opinion interest bank presid duti waiv immun privileg exempt respect offic employe expert bank presid vice presid opinion immun privileg exempt imped justic waiv prejudic interest bank similar circumst condit board director duti waiv immun privileg exempt respect presid vice presid cahpter ix amend interpret arbitr articl amend propos amend agreement eman member governor board director commun chairman board governor bring propos board propos amend approv board bank rapid mean commun member accept propos amend fourth member includ countri central eastern europ list annex fifth total vote power member accept propos amend bank certifi fact formal commun address member notwithstand paragraph articl accept member requir case amend modifi withdraw bank right pertain purchas capit stock provid paragraph articl agreement limit liabil provid paragraph articl agreement purpos function bank defin articl agreement ii accept fourth member eighti percent total vote power member requir case amend modifi paragraph articl agreement requir accept propos amend met bank certifi fact formal commun address member amend enter forc member month date formal commun provid paragraph articl board governor specifi period articl interpret applic question interpret applic provis agreement aris member bank member bank submit board director decis director nation board member affect question consider entitl direct represent meet board director consider repres member vote represent regul board governor case board director decis paragraph articl member requir question refer board governor decis final pend decis board governor bank deem act basi decis board director articl arbitr disagr aris bank member ceas member bank member adopt decis termin oper bank disagr submit arbitr tribun arbitr appoint bank member member concern parti agre presid intern court justic author prescrib regul adopt board governor major vote arbitr suffici reach decis final bind parti arbitr full power settl question procedur case parti disagr respect thereto articl approv deem approv accept member requir act bank articl agreement approv accept deem member present object reason period bank fix notifi member propos act chapter final provis articl signatur deposit agreement deposit govern french republ hereinaft call quot depositori remain open decemb signatur prospect member name set annex agreement depositori commun certifi copi othi agreement signatori articl ratif accept approv agreement subject ratif accept approv signatori instrument ratif accept approv subject paragraph articl deposit depositori march depositori duli notifi signatori deposit date thereof signatori parti agreement deposit instrument ratif accept approv year date entri forc date decid major governor repres major total vote power member signatori instrument refer paragraph articl deposit date agreement enter forc member bank date signatori compli provis preced paragraph member bank date instrument ratif accept approv deposit articl entri forc agreement enter forc instrument ratif accept approv deposit signatori initi subscript repres third total subscript set annex includ countri central eastern europ list annex agreement enter forc march depositori conven confer interest prospect member determin futur action decid date instrument ratif accept approv deposit articl inaugur meet commenc oper agreement enter forc articl agreement member appoint governor depositori call meet board governor sixti dai entri forc agreement articl meet board governor elect presid ii elect director bank accord articl agreement iii make arrang determin date commenc bank oper iv make arrang prepar commenc bank oper bank notifi member date commenc oper pari singl origin english french german russian text equal authent deposit archiv depositori transmit duli certifi copi prospect member name set annex annex initi subscript author capit stock prospect member member accord articl million ecu number share capit subscript european commun belgium denmark franc feder republ germani greec ireland itali luxembourg netherland portug spain unit kingdom european econom commun european invest bank european countri austria cypru finland iceland israel liechtenstein malta norwai sweden switzerland turkei recipi countri bulgaria czechoslovakia german democrat republ hungari poland romania union soviet socialist republ yugoslavia european countri australia canada egypt japan republ korea mexico morocco zealand unit state america alloc share total prospect member list categori purpos agreement recipi countri refer agreement central eastern european countri annex section elect director governor repres belgium denmark franc feder republ germani greec ireland itali luxembourg netherland portug spain unit kingdom european econom commun european invest bank hereinaft refer secion governor provis set section appli exclus section candid offic director nomin section governor provid governor nomin person elect director ballot section governor governor elig vote cast person vote member appoint entitl paragraph articl agreement subject paragraph section person receiv highest number vote director person receiv total vote cast elig vote section consid elect subject paragraph section person elect ballot ballot held candid person receiv lowest number vote ballot inelig elect vote governor vote ballot person elect governor vote person elect deem paragraph section rais vote cast person elig vote determin vote cast governor deem rais total vote cast person elig vote deem includ vote governor cast largest number vote person vote governor cast largest number reach governor part vote count order rais total vote cast person consid cast vote person total vote person exce elig vote ballot subject paragraph section ballot person elect ballot held conform principl procedur laid section person elect provid stage person elect notwithstand provis paragraph section elect simpl major remain vote cast case increas decreas number director elect section governor minimum maximum percentag paragraph section appropri adjust board governor long signatori group signatori share total amount capit subscript provid annex deposit instrument instrument ratif approv accept elect director respect signatori group signatori governor governor repres signatori group signatori sall elect director respect signatori group signatori immedi signatori member group signatori member director deem elect board governor inauguralmeet accord paragraph articl agreement elect period board director hold offic section elect director governor repres countri section elect director governor repres countri list annex central eastern european countri recipi countri hereinaft refer section governor provis set section appli exclus section candid offic director nomin section governor provid governor nomin person elect director ballot section governor governor elig vote cast person vote member appoint entitl paragraph articl agreement subject paragraph section person receiv highest number vote director person receiv vote cast elig vote section consid elect subject paragraph section person elect ballot ballot held candid person receiv lowest number vote ballot inelig elect vote governor vote ballot person elect governor vote person elect deem paragraph section rais vote cast person elig vote determin vote cast governor deem rais total vote cast person elig vote deem includ vote governor cast largest number vote person vote governor cast largest number reach governor part vote count order rais total vote cast person consid cast vote person total vote person exce elig vote ballot subject paragraph section ballot person elect ballot held conform principl procedur laid section person elect provid stage person elect notwithstand provis paragraph section fourth elect simpl major remain vote cast case increas decreas number director elect section governor minimum maximum percentag paragraph section appropri adjust board governor long signatori group signatori share total amount capit subscript provid annex deposit instrument instrument ratif approv accept elect director respect signatori group signatori governor governor repres signatori group signatori elect director respect signatori group signatori immedi signatori member group signatori member director deem elect board governor inaugur meet accord paragraph articl agreement electetd period board director hold offic section ii elect director governor repres countri list annex european countri hereinaft refer section ii governor provis set section appli exclus section candid offic director nomin section ii governor provid governor nomin person elect director ballot section ii governor governor elig vote cast person vote member appoint entitl paragraph articl agreement subject paragraph section person receiv highest number vote director person receiv vote cast elig vote section ii consid elect subject paragraph section person elect ballot ballot held candid person receiv lowest number vote ballot inelig elect vote governor vote ballot person elect governor vote person elect deem paragraph section rais vote cast person elig vote determin vote cast governor deem rais total vote cast person elig vote deem includ vote governor cast largest number vote person vote governor cast largest number reach governor part vote count order rais total vote cast person consid cast vote person total vote person exce elig vote ballot subject paragraph section ballot person elect ballot held conform principl procedur laid section person elect provid stage person elect notwithstand provis paragraph section fourth elect simpl major remain vote cast case increas decreas number director elect section ii governor minimum maximum percentag paragraph section appropri adjust board governor long signatori group signatori share total amount capit subscript provid annex deposit instrument instrument ratif approv accept elect director respect signatori group signatori governor governor repres signatori group signatori elect director respect signatori group signatori immedi signatori member group signatori member director deem elect board governor inaugur meet accord paragraph articl agreement electetd period board director hold offic section iii elect director governor repres countri list annex european countri hereinaft refer section iii governor provis set section appli exclus section candid offic director nomin section iii governor provid governor nomin person elect director ballot section iii governor governor elig vote cast person vote member appoint entitl paragraph articl agreement subject paragraph section person receiv highest number vote director person receiv vote cast elig vote section iii consid elect subject paragraph section person elect ballot ballot held candid person receiv lowest number vote ballot inelig elect vote governor vote ballot person elect governor vote person elect deem paragraph section rais vote cast person elig vote determin vote cast governor deem rais total vote cast person elig vote deem includ vote governor cast largest number vote person vote governor cast largest number reach governor part vote count order rais total vote cast person consid cast vote person total vote person exce elig vote ballot subject paragraph section ballot person elect ballot held conform principl procedur laid section person elect provid stage person elect notwithstand provis paragraph section fourth elect simpl major remain vote cast case increas decreas number director elect section iii governor minimum maximum percentag paragraph section appropri adjust board governor long signatori group signatori share total amount capit subscript provid annex deposit instrument instrument ratif approv accept elect director respect signatori group signatori governor governor repres signatori group signatori elect director respect signatori group signatori immedi signatori member group signatori member director deem elect board governor inaugur meet accord paragraph articl agreement electetd periin board director hold offic section arrang elect director repres countri list annex board governor decid accord paragraph articl agreement increas decreas size revis composit board director order account number member bank board governor amend requir annex make amend deem part decis section assign vote governor particip vote elect vote contribut elect director section section section ii section iii annex assign vote entitl elect director provid governor obtain agreement governor elect director assign decis governor particip vote elect director affect calcul elig vote made section section section ii section iii annex