agreement establish european bank reconstruct develop contract parti commit fundament principl multiparti democraci rule law respect human right market econom recal final act helsinki confer secur cooper europ declar principl welcom intent central eastern european countri practic implement multiparti democraci strengthen democrat institut rule law respect human right willing implement reform order evolv market orient economi import close coordin cooper order promot econom progress central eastern european countri economi internation competit assist reconstruct develop reduc risk relat financ economi convinc establish multilater financi institut european basic charact broadli intern membership serv end constitut uniqu structur cooper europ agre establish european bank reconstruct develop hereinaft call bank oper accord chapter purpos function membership articl purpos contribut econom progress reconstruct purpos bank foster transit open market orient economi promot privat entrepreneuri initi central eastern european countri commit appli principl multiparti democraci plural market econom articl function fulfil long term basi purpos foster transit central eastern european countri open market orient economi promot privat entrepreneuri initi bank assist recipi member countri implement structur sector econom reform includ demonopol decentr privat economi fulli integr intern economi measur promot privat interest investor establish improv expans product competit privat sector activ small medium size enterpris ii mobil domest foreign capit experienc manag end iii foster product invest includ servic financi sector relat infrastructur support privat entrepreneuri initi assist make competit environ rais product standard live condit labour iv provid technic assist prepar financ implement relev project individu context specif invest programm stimul encourag develop capit market vi give support sound econom viabl project involv recipi member countri vii promot full rang activ environment sound sustain develop viii undertak activ provid servic function carri function refer paragraph articl bank work close cooper member manner deem term agreement intern monetari fund intern bank reconstruct develop intern financ corpor multilater invest guarante agenc organis econom cooper develop cooper unit nation specialis agenc relat bodi entiti public privat concern econom develop invest central eastern european countri articl membership membership bank open european countri european countri member intern monetari fund ii european econom commun european invest bank countri elig membership paragraph articl member accord articl agreement admit term condit bank determin membership bank affirm vote third governor repres fourth total vote power member chapter ii capit articl author capit stock origin author capit stock ecu ten thousand million divid million share par ecu ten thousand subscript member accord provis articl agreement origin capit stock divid paid share callabl share initi total aggreg par paid share ecu thousand million author capit stock increas time term advis vote third governor repres fourth total vote power member articl subscript share member subscrib share capit stock bank subject fulfil member legal requir subscript origin author capit stock paid share callabl share proport initi number share subscrib signatori agreement member accord articl agreement set annex member initi subscript hundr share initi number share subscrib countri admit membership accord paragraph articl agreement determin board governor provid subscript author effect reduc percentag capit stock held countri member european econom commun european econom commun european invest bank major total subscrib capit stock board governor interv year review capit stock bank case increas author capit stock member reason opportun subscrib uniform term condit board governor determin proport increas stock equival proport stock subscrib bear total subscrib capit stock immedi prior increas member oblig subscrib part increas capit stock subject provis paragraph articl board governor request member increas subscript member alloc share member author capit stock member provid increas effect reduc percentag capit stock held countri member european econom commun european econom commun european invest bank major total subscrib capit stock share stock initi subscrib member issu par share issu par board governor vote third governor repres third total vote power member decid issu special circumst term share stock pledg encumb manner whatsoev transfer bank accord chapter vii agreement liabil member share limit unpaid portion issu price member liabl reason membership oblig bank articl payment subscript payment paid share amount initi subscrib signatori agreement member accord articl agreement made instal twenti cent amount instal paid member sixti dai date entri forc agreement date deposit instrument ratif accept approv accord articl date entri forc remain instal due success year date preced instal due subject legisl requir member paid fifti cent payment instal pursuant paragraph articl member admit accord paragraph articl agreement made promissori note oblig issu member denomin ecu unit state dollar japanes yen drawn bank fund disburs result oper note oblig negoti interest bear payabl bank par demand demand note oblig reason period time made demand ecu time demand member proport number paid share subscrib held member deposit note oblig payment oblig member respect subscript share initi capit stock settl ecu unit state dollar japanes yen basi averag exchang rate relev currenc term ecu period septemb march inclus payment amount subscrib callabl capit stock bank subject call take account articl agreement requir bank meet liabil event call refer paragraph articl payment made member ecu unit state dollar japanes yen call uniform ecu callabl share calcul time call bank determin place payment articl month inaugur meet board governor provid determin payment instal refer paragraph articl made european invest bank truste bank subscript paragraph articl payment member respect subscript paid share author capit stock made ecu unit state dollar japanes yen cash promissori note oblig purpos articl payment denomin ecu includ payment denomin fulli convert currenc equival date payment encash relev oblig ecu articl ordinari capit resourc agreement term ordinari capit resourc bank includ author capit stock bank includ paid callabl share subscrib pursuant articl agreement ii fund rais borrow bank virtu power confer subparagraph articl agreement commit call provid paragraph articl agreement applic iii fund receiv repay loan guarante proce dispos equiti invest made resourc subparagraph ii articl iv incom deriv loan equiti invest made resourc subparagraph ii articl incom deriv guarante underwrit form part special oper bank fund incom receiv bank form part special fund resourc refer articl agreement chapter iii oper articl recipi countri resourc resourc facil bank exclus implement purpos carri function set articl agreement bank conduct oper countri central eastern europ proceed steadili transit market orient economi promot privat entrepreneuri initi appli concret step principl set articl agreement case member implement polici inconsist articl agreement except circumst board director access member bank resourc suspend modifi make recommend board governor decis matter board governor major third governor repres fourth total vote power member potenti recipi countri request bank provid access resourc limit purpos period year begin entri forc agreement request attach integr part agreement made ii period bank provid countri enterpris territori request technic assist type assist direct financ privat sector facilit transit state own enterpris privat ownership control enterpris oper competit move particip market orient economi subject proport set paragraph articl ii agreement total amount assist provid exce total amount cash disburs promissori note issu countri share iii end period decis countri access limit subparagraph board governor major fourth governor repres eighti cent total vote power member articl ordinari special oper oper bank consist ordinari oper financ ordinari capit resourc bank refer articl agreement special oper financ special fund resourc refer articl agreement type oper combin articl separ oper ordinari capit resourc special fund resourc bank time respect held commit invest dispos separ financi statement bank show reserv bank ordinari oper separ special oper ordinari capit resourc bank circumst charg discharg loss liabil aris special oper activ special fund resourc origin commit expens appertain directli ordinari oper charg ordinari capit resourc bank expens appertain directli special oper charg special fund resourc expens subject paragraph articl agreement charg bank determin articl method oper bank carri oper further purpos function set articl agreement wai make cofinanc multilater institut commerci bank interest sourc particip loan privat sector enterpris loan state own enterpris oper competit move particip market orient economi loan state own enterpris facilit transit privat ownership control facilit enhanc particip privat foreign capit enterpris ii invest equiti capit privat sector enterpris invest equiti capit state own enterpris oper competit move particip market orient economi invest equiti capit state own enterpris facilit transit privat ownership control facilit enhanc particip privat foreign capit enterpris underwrit mean financ equiti issu secur privat sector enterpris state own enterpris refer end mention subparagraph iii facilit access domest intern capit market privat sector enterpris enterpris refer subparagraph paragraph end mention subparagraph provis guarante mean financ financi advic form assist iv deploi special fund resourc accord agreement determin make particip loan provid technic assist reconstruct develop infrastructur includ environment programm privat sector develop transit market orient economi purpos paragraph state own enterpris regard oper competit oper autonom competit market environ subject bankruptci law board director review annual bank oper lend strategi recipi countri ensur purpos function bank set articl agreement fulli serv decis pursuant review major third director repres fourth total vote power member ii review involv consider inter alia recipi countri progress made decentr demonopol privat rel share bank lend privat enterpris state own enterpris process transit particip market orient economi privat infrastructur technic assist purpos forti cent amount bank total commit loan guarante equiti invest prejudic oper refer articl provid state sector percentag limit appli initi year period date commenc bank oper take year respect subsequ financi year ii countri forti cent amount bank total commit loan guarante equiti invest period year take year prejudic bank oper refer articl provid state sector iii purpos paragraph state sector includ nation local govern agenc enterpris own control loan guarante equiti invest state own enterpris implement programm achiev privat ownership control consid made state sector loan financi intermediari onlend privat sector consid made state sector articl limit ordinari oper total amount outstand loan equiti invest guarante made bank ordinari oper increas time increas total amount unimpair subscrib capit reserv surplus includ ordinari capit resourc exceed amount equiti invest exce percentag equiti capit enterpris concern determin gener rule board director bank seek obtain invest control interest enterpris concern exercis control assum direct respons manag enterpris invest event actual threaten default invest actual threaten insolv enterpris invest made situat opinion bank threaten jeopard invest case bank action exercis right deem protect interest amount bank disburs equiti invest time exce amount total unimpair paid subscrib capit surplus gener reserv bank issu guarante export credit undertak insur activ articl oper principl bank oper accord principl bank appli sound bank principl oper ii oper bank provid financ specif project individu context specif invest programm technic assist design fulfil purpos function set articl agreement iii bank financ undertak territori member member object financ iv bank disproportion amount resourc benefit member bank seek maintain reason diversif invest vi loan guarante equiti invest grant applic submit adequ propos presid bank present board director written report propos recommend basi staff studi vii bank undertak financ provid facil applic obtain suffici financ facil term condit bank consid reason viii provid guarante financ bank pai due regard prospect borrow guarantor posit meet oblig financ contract ix case direct loan made bank borrow permit bank draw fund meet expenditur incur bank seek revolv fund sell invest privat investor appropri satisfactori term xi invest individu enterpris bank undertak financ term condit consid take account requir enterpris risk undertaken bank term condit obtain privat investor similar financ xii bank place restrict procur good servic countri proce loan invest financ undertaken ordinari special oper bank case make loan oper condit intern invit tender arrang xiii bank measur ensur proce loan made guarante particip bank equiti invest purpos loan equiti invest grant due attent consider economi effici articl term condit loan guarante case loan made particip guarante bank contract establish term condit loan guarante concern includ relat payment princip interest fee charg matur date payment respect loan guarante set term condit bank fulli account safeguard incom recipi loan guarante loan member state own enterpris bank appear desir bear mind approach public state own enterpris transit privat ownership control requir member member territori project concern carri public agenc instrument member member accept bank guarante repay princip payment interest fee charg loan accord term thereof board director review annual bank practic matter pai due attent bank creditworthi loan guarante contract expressli state currenc currenc ecu payment bank thereund made articl commiss fee bank charg addit interest commiss loan made particip part ordinari oper term condit commiss determin board director guarante loan part ordinari oper underwrit sale secur bank charg fee payabl rate time determin board director provid suitabl compens risk board director determin charg bank ordinari oper commiss fee charg special oper articl special reserv amount commiss fee receiv bank pursuant articl agreement set special reserv meet loss bank accord articl agreement special reserv held liquid form bank decid board director determin size special reserv adequ decid part commiss fee henceforth form part incom bank articl method meet loss bank bank ordinari oper case arrear default loan made particip guarante bank case loss underwrit equiti invest bank action deem bank maintain provis loss loss aris bank ordinari oper charg provis refer paragraph articl ii net incom iii special reserv provid articl agreement iv fourth gener reserv surplus unimpair paid capit vi amount uncal subscrib callabl capit call accord provis paragraph articl agreement articl special fund bank accept administr special fund design serv purpos function bank full cost administ special fund charg special fund special fund accept bank manner term condit consist purpos function bank applic provis agreement agreement agreement relat fund bank adopt rule regul requir establish administr special fund rule regul consist provis agreement provis expressli applic ordinari oper bank articl special fund resourc term special fund resourc refer resourc special fund includ fund accept bank inclus special fund ii fund repaid respect loan guarante proce equiti invest financ resourc special fund rule regul govern special fund receiv special fund iii incom deriv invest special fund resourc chapter iv borrow miscellan power articl gener power bank addit power agreement power borrow fund member countri provid make sale oblig territori countri bank obtain approv oblig bank denomin currenc member bank obtain approv ii invest deposit fund need oper iii bui sell secur secondari market bank issu guarante invest iv guarante secur invest order facilit sale underwrit particip underwrit secur issu enterpris purpos consist purpos function bank vi provid technic advic assist serv purpos function vii exercis power adopt rule regul further purpos function consist provis agreement viii conclud agreement cooper public privat entiti entiti secur issu guarante bank bear face conspicu statement effect oblig govern member fact oblig govern member case state chapter currenc articl determin currenc agreement determin currenc fulli convert purpos agreement determin made bank take account paramount preserv financi interest consult intern monetari fund member impos restrict receipt hold transfer bank currenc ecu receiv bank payment subscript capit stock accord articl agreement ii currenc obtain bank borrow iii currenc resourc administ bank contribut special fund iv currenc receiv bank payment account princip interest dividend charg respect loan invest proce dispos invest made fund refer subparagraph iii paragraph payment commiss fee charg chapter vi organ manag articl structur bank board governor board director presid vice presid offic staff consid articl board governor composit member repres board governor appoint governor altern governor altern serv pleasur appoint member altern vote absenc princip annual meet board elect governor chairman hold offic elect chairman governor altern serv remuner bank articl board governor power power bank vest board governor board governor deleg board director power power admit member determin condit admiss ii increas decreas author capit stock bank iii suspend member iv decid appeal interpret applic agreement board director author conclus gener agreement cooper intern organ vi elect director presid bank vii determin remuner director altern director salari term contract servic presid viii approv review auditor report gener balanc sheet statement profit loss bank ix determin reserv alloc distribut net profit bank amend agreement xi decid termin oper bank distribut asset xii exercis power expressli assign board governor agreement board governor retain full power exercis author matter deleg assign board director paragraph articl agreement articl board governor procedur board governor hold annual meet meet provid board call board director meet board governor call board director request member bank member hold quarter total vote power member third governor constitut quorum meet board governor provid major repres third total vote power member board governor regul establish procedur board director deem action advis obtain vote governor specif question call meet board governor board governor board director extent author adopt rule regul establish subsidiari bodi conduct busi bank articl board director composit board director compos twenti member member board governor eleven elect governor repres belgium denmark franc feder republ germani greec ireland itali luxembourg netherland portug spain unit kingdom european econom commun european invest bank ii twelv elect governor repres member governor repres countri list annex central eastern europen countri elig assist bank governor repres countri list annex european countri governor repres countri list annex european countri director repres member governor elect repres member assign vote director person high compet econom financi matter elect accord annex board governor increas decreas size revis composit board director order account number member bank affirm vote third governor repres fourth total vote power member prejudic exercis power subsequ elect number composit board director set paragraph articl director appoint altern full power act present director altern nation member countri member repres director altern particip meet board vote act place princip director hold offic term year elect provid board director elect board governor inaugur meet hold offic immedi annual meet board governor board decid annual meet subsequ annual meet continu offic successor chosen assum offic offic director vacant hundr eighti dai end term successor chosen accord annex remaind term governor elect director major vote cast governor requir elect offic director vacant hundr eighti dai end term successor similarli chosen remaind term vote cast governor elect director elect major vote cast governor requir offic remain vacant altern director exercis power appoint altern articl board director power prejudic power board governor provid articl agreement board director respons direct gener oper bank purpos addit power assign expressli agreement exercis power deleg board governor prepar work board governor ii conform gener direct board governor establish polici decis loan guarante invest equiti capit borrow bank furnish technic assist oper bank iii submit audit account financi year approv board governor annual meet iv approv budget bank articl board director procedur board director function princip offic bank meet busi bank requir major director constitut quorum meet board director provid major repres third total vote power member board governor adopt regul director nation member send repres attend vote meet board director matter affect member consider articl vote vote power member equal number subscrib share capit stock bank event member fail pai part amount due respect oblig relat paid share articl agreement member unabl long failur continu exercis percentag vote power correspond percentag amount due unpaid bear total amount paid share subscrib member capit stock bank vote board governor governor entitl cast vote member repres expressli provid agreement matter board governor decid major vote power member vote vote board director director entitl cast number vote governor elect entitl governor assign vote pursuant section annex entitl director repres member cast separ vote member repres expressli provid agreement gener polici decis case polici decis major third total vote power member vote matter board director decid major vote power member vote articl presid board governor vote major total number governor repres major total vote power member elect presid bank presid hold offic governor director altern term offic presid year elect ceas hold offic board governor decid affirm vote third governor repres third total vote power member offic presid reason vacant board governor accord provis paragraph articl elect successor year presid vote cast decid vote case equal divis particip meet board governor chair meet board director presid legal repres bank presid chief staff bank respons organ appoint dismiss offic staff accord regul adopt board director appoint offic staff subject paramount import effici technic compet pai due regard recruit wide geograph basi member bank presid conduct direct board director current busi bank articl vice presid vice presid appoint board director recommend presid vice presid hold offic term exercis author perform function administr bank determin board director absenc incapac presid vice presid exercis author perform function presid vice presid particip meet board director vote meet cast decid vote act place presid articl intern charact bank bank accept special fund loan assist prejudic deflect alter purpos function bank presid vice presid offic staff decis account consider relev bank purpos function oper set agreement consider weigh imparti order achiev carri purpos function bank presid vice presid offic staff bank discharg offic ow duti bank author member bank respect intern charact duti refrain attempt influenc discharg duti articl locat offic princip offic bank locat london bank establish agenc branch offic territori member bank articl depositori channel commun member design central bank institut agre bank depositori bank hold currenc asset bank member design offici entiti bank commun connect matter aris agreement articl public report provis inform bank publish annual report audit statement account circul member interv month summari statement financi posit profit loss statement show result oper financi account ecu bank report annual environment impact activ publish report deem desir advanc purpos copi report statement public made articl distribut member articl alloc distribut net incom board governor determin annual part bank net incom make provis reserv loss paragraph articl agreement alloc surplu purpos part distribut decis alloc bank net incom purpos major third governor repres third total vote power member alloc distribut made gener reserv amount ten cent author capit stock distribut refer preced paragraph made proport number paid share held member provid calcul number account payment receiv cash promissori note encash respect share end relev financi year payment member made manner board governor determin payment receiv countri restrict member chapter vii withdraw suspens membership temporari suspens termin oper articl member withdraw member withdraw bank time transmit notic write bank princip offic withdraw member effect membership ceas date notic event month notic receiv bank time withdraw final effect member notifi bank write cancel notic intent withdraw articl suspens membership member fail fulfil oblig bank bank suspend membership decis major third governor repres third total vote power member member suspend automat ceas member year date suspens decis major restor member good stand suspens member entitl exercis right agreement withdraw remain subject oblig articl settlement account member date member ceas member member remain liabl direct oblig bank conting liabil bank long part loan equiti invest guarante contract ceas member outstand ceas incur liabil respect loan equiti invest guarante enter bank share incom expens bank 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 surrend 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 capac 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 depositori remain open decemb signatur prospect member name set annex agreement depositori commun certifi copi 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 gt tabl gt 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 inaugur meet 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 period 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