agreement establish common fund commod preambl parti determin promot econom cooper understand state develop develop countri base principl equiti sovereign equal contribut establish intern econom order recogn improv form intern cooper field commod essenti condit establish intern econom order aim promot econom social develop develop countri desir promot global action improv market structur intern trade commod interest develop countri recal resolut iv integr programm commod adopt fourth session unit nation confer trade develop hereinaft refer unctad agre establish common fund commod oper accord provis chapter definit articl definit purpos agreement fund mean common fund commod establish agreement intern commod agreement arrang hereinaft refer ica mean intergovernment agreement arrang promot intern cooper commod parti includ produc consum cover bulk world trade commod concern intern commod organ hereinaft refer ico mean organ establish ica implement provis ica ico mean ico fund pursuant articl associ agreement mean agreement enter ico fund pursuant articl maximum financi requir hereinaft refer mfr mean maximum amount fund drawn borrow ico fund determin accord articl intern commod bodi hereinaft refer icb mean bodi design accord articl unit account mean unit account fund defin accord articl usabl currenc mean deutsch mark french franc japanes yen pound sterl unit state dollar currenc design time time compet intern monetari organ fact wide make payment intern transact wide trade princip exchang market freeli effect usabl currenc execut board design qualifi major approv countri currenc fund propos design govern council design compet intern monetari organ adopt qualifi major rule regul design currenc accord prevail intern monetari practic currenc remov list usabl currenc execut board qualifi major directli contribut capit mean capit articl paid share mean share directli contribut capit articl articl payabl share mean share directli contribut capit articl articl guarante capit mean capit provid fund pursuant articl member fund particip ico guarante mean guarante provid fund pursuant articl particip ico member fund stock warrant mean stock warrant warehous receipt document titl evidenc ownership commod stock total vote power mean sum vote held member fund simpl major mean half vote cast qualifi major mean third vote cast highli qualifi major mean fourth vote cast vote cast mean affirm neg vote chapter ii object function articl object object fund serv kei instrument attain agre object integr programm commod embodi resolut iv unctad facilit conclus function ica commod special interest develop countri articl function fulfil object fund exercis function contribut account hereinaft provid financ intern buffer stock internation coordin nation stock framework ica financ account measur field commod stock hereinaft provid promot coordin consult account regard measur field commod stock financ view provid commod focu chapter iii membership articl elig membership fund open member state unit nation special agenc intern atom energi agenc intergovernment organ region econom integr exercis compet field activ fund intergovernment organ requir undertak financi oblig fund hold vote articl member member fund hereinaft refer member state ratifi accept approv agreement accord articl state acced agreement accord articl intergovernment organ refer articl ratifi accept approv agreement accord articl intergovernment organ refer articl acced agreement accord articl articl limit liabil member liabl reason membership act oblig fund chapter iv relationship ico icb fund articl relationship ico icb fund facil fund account ico establish implement provis ica provid intern buffer stock internation coordin nation stock conclud associ agreement associ agreement compli term agreement rule regul consist therewith adopt govern council ico establish implement provis ica intern buffer stock fund purpos account provid ica negoti renegoti conform principl joint buffer stock financ produc consum particip purpos agreement levi financ ica elig associ fund propos associ agreement present manag director execut board recommend board govern council approv qualifi major carri provis associ agreement fund ico institut respect autonomi associ agreement mutual right oblig fund ico term consist relev provis agreement ico entitl borrow fund account prejudic elig obtain financ account provid ico particip perform duli perform oblig fund associ agreement provid settlement account ico fund renew associ agreement ico associ agreement consent preced ico cover commod succe right oblig preced ico fund interven directli commod market fund dispos commod stock pursuant articl purpos account execut board time time design commod bodi includ ico ico icb provid meet criteria set schedul chapter capit resourc articl unit account currenc unit account fund defin schedul fund hold conduct financi transact usabl currenc provid articl member maintain impos restrict hold exchang fund usabl currenc deriv payment subscript share directli contribut capit payment guarante capit cash lieu guarante capit guarante cash deposit result associ ico fund payment voluntari contribut borrow dispos forfeit stock pursuant articl payment account princip incom interest charg respect loan invest made fund refer paragraph execut board determin method valuat usabl currenc term unit account accord prevail intern monetari practic articl capit resourc capit fund consist directli contribut capit divid share issu fund par unit account total unit account guarante capit provid directli fund accord articl share issu fund divid paid share payabl share share directli contribut capit subscript member accord provis articl share directli contribut capit increas govern council access state articl increas govern council accord articl increas amount need pursuant articl govern council make subscript unsubscrib share directli contribut capit pursuant articl increas share directli contribut capit pursuant paragraph articl member requir subscrib share articl subscript share member refer articl subscrib set schedul paid share addit paid payabl share member refer articl subscrib paid share addit paid payabl share determin govern council qualifi major manner consist alloc share schedul accord term condit agre pursuant articl member alloc account part subscript paragraph articl view aggreg alloc account voluntari basi unit account share directli contribut capit pledg encumb member manner whatsoev transfer fund articl payment share payment share directli contribut capit subscrib member made usabl currenc rate convers usabl currenc unit account date payment usabl currenc select member time deposit instrument ratif accept approv rate convers usabl currenc unit account date agreement govern council adopt rule regul cover payment subscript usabl currenc case design addit usabl currenc remov usabl currenc list usabl currenc accord articl time deposit instrument ratif accept approv member select procedur appli payment undertak review accord articl govern council review oper method payment refer paragraph articl light exchang rate fluctuat take account develop practic intern lend institut decid highli qualifi major method payment subscript addit share directli contribut capit subsequ issu accord articl member refer articl pai cent total subscript paid share dai entri forc agreement dai date deposit instrument ratif accept approv whichev year payment provid subparagraph pai cent total subscript paid share deposit fund irrevoc negoti interest bear promissori note amount cent total subscript paid share note encash decid execut board year payment provid subparagraph deposit fund irrevoc negoti interest bear promissori note amount cent total subscript paid share note encash decid execut board qualifi major due regard oper fund promissori note respect share alloc account encash decid execut board amount subscrib member payabl share subject call fund provid articl call share directli contribut capit made pro rata member respect whichev class class share call provid paragraph articl special arrang payment subscript share directli contribut capit develop countri set schedul subscript share directli contribut capit relev paid agenc member concern articl adequaci subscript share directli contribut capit event month entri forc agreement subscript share directli contribut capit fall short amount articl adequaci subscript review govern council govern council review interv deem adequaci directli contribut capit account review place end year entri forc agreement result review paragraph articl govern council decid make subscript unsubscrib share issu addit share directli contribut capit basi assess decid govern council decis govern council articl highli qualifi major articl voluntari contribut fund accept voluntari contribut member sourc contribut paid usabl currenc target initi voluntari contribut account unit account addit alloc made accord articl govern council review adequaci resourc account end year entri forc agreement light activ account govern council undertak review time decid light review govern council decid replenish resourc account make arrang replenish voluntari member accord agreement voluntari contribut made restrict fund design contributor account articl resourc deriv associ ico fund cash deposit associ ico fund ico paragraph articl deposit fund cash usabl currenc account ico onethird mfr deposit made full instal ico fund agre take account relev factor includ fund liquid posit maxim financi benefit deriv avail cash deposit ico capac ico concern rais cash requir meet deposit oblig ico hold stock time associ fund meet part deposit oblig paragraph articl pledg assign trust fund stock warrant equival ico deposit fund mutual accept term condit cash surplu addit deposit made paragraph articl guarante capit guarante associ ico fund member particip ico provid directli fund guarante capit basi determin ico satisfactori fund aggreg guarante capit guarante cash provid paragraph articl equal third mfr ico provid paragraph articl guarante capit relev provid agenc member concern basi satisfactori fund particip ico member ico deposit cash fund addit cash refer paragraph articl amount guarante capit particip provid member govern council highli qualifi major permit ico arrang provis addit guarante capit amount member particip ico provis guarante amount particip ico member guarante carri financi oblig compar guarante capit form satisfactori fund guarante capit guarante subject call fund accord articl payment guarante capit guarante made usabl currenc ico meet deposit oblig instal pursuant paragraph articl ico particip payment instal provid guarante capit cash guarante accord paragraph articl aggreg equal amount instal stock warrant ico pledg assign trust fund stock warrant commod purchas proce withdraw cash deposit made paragraph articl proce loan obtain fund secur payment ico oblig fund fund dispos stock accord articl sale commod evidenc stock warrant ico appli proce sale repai balanc due loan ico fund meet cash deposit oblig accord paragraph articl stock warrant pledg assign trust fund valu purpos paragraph articl basi rule regul adopt govern council articl borrow fund borrow accord articl provid total outstand amount borrow fund account oper time exce amount repres aggreg uncal portion payabl share uncal guarante capit guarante particip ico articl special reserv establish pursuant articl chapter vi oper articl gener provis resourc resourc facil fund exclus achiev object fulfil function account fund establish maintain resourc separ account account resourc provid articl contribut financ commod stock account resourc provid articl financ measur field commod stock jeopard integr uniti fund separ account reflect financi statement fund resourc account held commit invest dispos separ resourc account resourc account charg loss discharg liabil aris oper activ account special reserv govern council establish earn account net administr expens special reserv exceed directli contribut capit alloc account meet liabil aris account borrow provid articl notwithstand provis paragraph articl govern council decid highli qualifi major dispos net earn alloc special reserv gener power addit power set agreement fund exercis power connect oper subject consist gener oper principl term agreement borrow member intern financi institut account oper capit market accord law countri borrow made provid fund obtain approv countri countri currenc borrow denomin invest fund time need oper financi instrument fund determin accord law countri territori invest made exercis power object function implement provis the agreement gener oper principl fund oper provis agreement rule regul govern council adopt pursuant articl fund make arrang ensur proce loan grant made particip fund purpos loan grant made secur issu fund bear face conspicu statement effect oblig member expressli state secur fund seek maintain reason diversif invest govern council adopt suitabl rule regul procur good servic resourc fund rule regul conform gener rule principl intern competit bid supplier territori member give prefer expert technician supplier develop countri member fund fund establish close work relationship intern region financi institut practic establish relationship nation entiti member public privat concern invest develop fund commod develop measur fund particip financ institut oper sphere compet fund cooper icb ico protect interest develop import countri countri advers affect measur integr programm commod fund oper prudent manner action deem conserv safeguard resourc engag currenc specul articl account resourc resourc account consist subscript member share directli contribut capit part subscript alloc account accord articl cash deposit ico pursuant articl guarante capit cash lieu guarante capit guarante provid particip ico pursuant articl voluntari contribut alloc account proce borrow pursuant articl net earn accru oper account special reserv refer articl stock warrant ico pursuant articl principl account oper execut board approv term borrow arrang account oper directli contribut capit alloc account emploi enhanc creditworthi fund respect account oper work capit meet short term liquid account provid revenu cover administr expens fund fund charg interest loan made ico rate low consist abil obtain financ cover cost borrow fund lent ico fund pai interest cash balanc ico rate consist return financi invest take account rate charg loan ico cost borrow account oper govern council adopt rule regul lai oper principl determin interest rate charg paid accord paragraph articl govern council guid maintain financi viabil fund bear mind principl discriminatori treatment ico mfr associ agreement mfr ico step event modif mfr mfr ico includ acquisit cost stock determin multipli author size stock associ agreement purchas price determin ico addit ico includ mfr carri cost exclus interest charg loan amount exceed acquisit cost oblig fund ico particip associ agreement provid inter alia manner ico particip undertak oblig fund articl respect deposit guarante capit cash lieu guarante capit guarante stock warrant ico borrow parti buffer stock oper ico fund reach mutual agreement basi execut board ico time respons liabl fund mainten preserv stock stock warrant pledg assign trust fund maintain adequ insur secur arrang respect hold handl stock ico enter credit agreement fund term condit loan fund ico includ arrang repay princip payment interest ico fund inform condit develop commod market ico concern oblig fund ico associ agreement provid inter alia subject provis paragraph articl fund provid withdraw ico demand part amount deposit pursuant articl fund make loan ico aggreg princip amount exceed sum uncal guarante capit cash lieu guarante capit guarante provid particip ico virtu particip ico pursuant articl withdraw borrow ico pursuant subparagraph meet stock cost includ mfr accord paragraph articl amount includ mfr ico meet carri cost accord paragraph articl meet cost provid paragraph articl fund promptli make stock warrant ico buffer stock sale fund respect confidenti inform provid ico default ico event immin default ico borrow fund fund consult ico measur avoid default meet default ico fund recours resourc order amount default cash default ico held fund proce pro rata call guarante capit guarante provid particip default ico virtu particip ico subject paragraph articl stock warrant pledg assign trust fund default ico liabil aris account borrow event fund meet liabil respect account borrow meet liabil resourc order provid ico fail meet oblig fund fund fullest extent made resourc refer paragraph articl special reserv proce subscript paid share alloc account proce subscript payabl share proce pro rata call guarante capit guarante provid particip default ico virtu particip ico payment made particip ico accord reimburs fund resourc provid accord paragraph articl resourc remain reimburs reconstitut revers order resourc refer proce pro rata call guarante capit guarante fund recours resourc list paragraph articl meet liabil aris default ico enabl fund meet liabil outstand recours resourc mention paragraph articl share directli contribut capit increas amount need meet liabliti govern council conven emerg session decid modal increas dispos fund forfeit stock fund free dispos commod stock forfeit default ico pursuant paragraph articl provid fund seek avoid distress sale stock postpon sale extent consist avoid default fund oblig execut board interv review dispos stock fund recours accord paragraph articl consult ico concern decid qualifi major postpon dispos proce dispos stock meet liabil fund incur account borrow respect ico concern reconstitut revers order resourc list paragraph articl articl account resourc resourc account consist part directli contribut capit alloc account accord articl voluntari contribut made account net incom accru time time account borrow resourc dispos receiv acquir fund account oper pursuant agreement financi limit account aggreg amount loan grant made particip fund account oper exce aggreg amount resourc account principl account oper fund make particip loan portion directli contribut capit alloc account grant financ measur field commod stock resourc account subject provis agreement term condit measur commod develop measur aim improv structur condit market enhanc long term competit prospect commod measur includ research develop product improv market measur design assist rule mean joint financ technic assist vertic diversif undertaken case perish commod commod problem adequ solv stock addit support stock activ measur jointli sponsor produc consum framework icb oper fund account form loan grant icb agenc thereof member member design icb term condit execut board decid regard econom situat icb member member concern natur requir propos oper loan cover govern suitabl guarante icb member member design icb icb sponsor project financ fund account submit fund detail written propos purpos durat locat cost project agenc respons execut loan grant made manag director present execut board detail apprais propos recommend advic consult committe accord articl decis regard select approv propos made execut board qualifi major accord agreement rule regul oper fund adopt pursuant thereto apprais project propos present financ fund gener rule servic intern region institut servic compet agenc consult special field fund entrust institut administr loan grant supervis implement project financ institut agenc consult select rule regul adopt govern council make particip loan fund pai due regard prospect borrow guarantor posit meet oblig fund respect transact fund enter agreement icb agenc thereof member member concern amount term condit loan grant provid inter alia government guarante accord agreement rule regul establish fund fund provid financ oper made recipi meet expens connect project incur fund refin project initi financ sourc loan repay currenc currenc loan fund avoid duplic account activ exist intern region financi institut particip financ institut determin prioriti resourc account fund give due emphasi commod interest develop countri project account due emphasi commod interest develop countri small produc export fund pai due regard desir disproportion amount account resourc benefit commod borrow account fund borrow account articl accord rule regul adopt govern council subject borrow concession term rule regul adopt fund proce lent term concession acquir purpos account proce borrow loan account resourc held commit invest dispos separ resourc fund includ resourc account resourc fund includ resourc account charg loss discharg liabil aris oper activ loan account borrow account approv execut board chapter vii organ manag articl structur fund fund govern council execut board manag director staff carri function articl govern council power fund vest govern council member appoint governor altern serv govern council pleasur appoint member altern particip meet vote absenc princip govern council deleg execut board author exercis power govern council power determin fundament polici fund agre term condit access agreement accord articl suspend member increas decreas share directli contribut capit adopt amend agreement termin oper fund distribut fund asset accord chapter ix appoint manag director decid appeal member decis made execut board interpret applic agreement approv audit annual statement account fund decis pursuant articl relat net earn provis special reserv approv propos associ agreement approv propos agreement intern organ accord articl decid replenish account accord articl govern council hold annual meet special meet decid call governor hold fourth total vote power request execut board quorum meet govern council constitut major governor hold third total vote power govern council highli qualifi major establish rule regul consist agreement deem conduct busi fund governor altern serv compens fund govern council decid qualifi major pai reason diem travel expens incur attend meet annual meet govern council elect chairman governor chairman hold offic elect successor elect success term articl vote govern council vote govern council distribut member state accord schedul decis govern council vote provid agreement matter govern council decid simpl major govern council rule regul establish procedur execut board obtain vote council specif question call meet council articl execut board execut board respons conduct oper fund report govern council thereon purpos execut board exercis power accord agreement deleg govern council exercis deleg power execut board decis level major appli power retain govern council govern council elect execut director altern execut director manner schedul execut director altern elect term year elect continu offic successor elect altern particip meet vote absenc princip execut board function headquart fund meet busi fund requir execut director altern serv remuner fund fund pai reason diem travel expens incur attend meet notwithstand subparagraph execut director altern remuner fund govern council decid qualifi major serv full time basi quorum meet execut board constitut major execut director hold third total vote power execut board invit execut head ico icb particip vote deliber execut board execut board invit secretari gener unctad attend meet execut board observ execut board invit repres interest intern bodi attend meet observ articl vote execut board execut director entitl cast number vote attribut member repres vote cast unit decis execut board vote provid agreement matter execut board decid simpl major articl manag director staff govern council qualifi major appoint manag director appointe time appoint governor execut director altern resign posit prior take duti manag director manag director conduct direct govern council execut board ordinari busi fund manag director chief execut offic fund chairman execut board particip meet vote term offic manag director year reappoint success term ceas hold offic time govern council decid qualifi major manag director respons organ appoint dismiss staff pursuant staff rule regul adopt fund appoint staff manag director subject paramount import secur highest standard effici technic compet pai due regard recruit personnel wide geograph basi manag director staff discharg function ow duti fund author member respect intern charact duti refrain attempt influenc manag director staff discharg function articl consult committe govern council take account make account oper establish earli consult committe accord rule regul adopt govern council facilit oper account composit consult committe due regard paid broad equit geograph distribut individu expertis commod develop issu desir broad represent interest includ voluntari contributor function consult committe advis execut board technic econom aspect programm measur propos icb fund financ financ account prioriti attach propos advis request execut board specif aspect connect apprais project consid financ account advis execut board guidelin criteria determin rel prioriti measur scope account apprais procedur make grant loan assist financ intern financi institut entiti comment report manag director supervis implement evalu project financ account articl budgetari audit provis administr expens fund cover revenu account manag director prepar annual administr budget consid execut board transmit recommend govern council approv manag director arrang annual independ extern audit account fund audit statement account consider execut board transmit recommend govern council approv articl locat headquart headquart fund locat place decid govern council qualifi major annual meet fund decis govern council establish offic territori member articl public report fund issu transmit member annual report audit statement account adopt govern council report statement transmit inform gener assembl unit nation trade develop board unctad ico interest intern organ articl relat unit nation organ fund enter negoti unit nation view conclud agreement bring fund relationship unit nation special agenc refer articl charter unit nation agreement conclud accord articl charter requir approv govern council recommend execut board fund cooper close unctad organ unit nation system intergovernment organ intern financi institut government organ government agenc concern relat field activ deem enter agreement bodi fund establish work arrang bodi refer paragraph articl decid execut board chapter viii withdraw suspens membership withdraw ico articl withdraw member member time provid articl subject provis articl withdraw fund transmit notic write fund withdraw effect date notic month receipt notic fund articl suspens membership member fail fulfil financi oblig fund govern council provid articl qualifi major suspend membership member suspend automat ceas member year date suspens govern council decid extend suspens period year govern council satisfi suspend member fulfil financi oblig fund council restor member good stand suspens member entitl exercis right agreement withdraw arbitr termin fund oper remain subject complianc oblig agreement articl settlement account member ceas member remain liabl meet call made fund payment outstand date ceas member respect oblig fund remain liabl meet oblig respect guarante capit arrang satisfactori fund made compli articl associ agreement provid particip respect ico ceas member ico ensur arrang complet date member ceas member member ceas member fund arrang repurchas share consist articl part settlement account member cancel guarante capit provid oblig requir paragraph articl met repurchas price share shown book fund date member ceas member provid amount due member appli fund liabil outstand fund member pursuant paragraph articl articl withdraw ico ico subject term condit associ agreement withdraw associ fund provid ico repai outstand loan receiv fund date withdraw effect ico particip remain liabl meet call made fund date respect oblig fund ico ceas fund fund fulfil oblig paragraph articl arrang refund cash deposit return stock warrant hold account ico arrang refund cash deposit lieu guarante capit cancel relev guarante capit guarante chapter ix suspens termin oper settlement oblig articl temporari suspens oper emerg execut board temporarili suspend fund oper consid pend opportun consider action govern council articl termin oper govern council termin fund oper decis vote third total number governor hold fourth total vote power termin fund forthwith ceas activ orderli realiz conserv asset settlement outstand oblig final settlement oblig final distribut asset fund remain exist right oblig fund member agreement continu unimpair fund oblig provid withdraw demand ico deposit accord articl make loan ico accord articl member withdraw suspend decis termin articl settlement oblig gener provis execut board make arrang ensur orderli realiz fund asset make payment creditor hold direct claim execut board qualifi major make reserv arrang sole judgement ensur distribut holder conting claim pro rata creditor hold direct claim distribut asset made accord chapter liabil account question discharg provid govern council decid make distribut qualifi major decis govern council paragraph articl execut board make success distribut remain asset account question asset distribut distribut member particip ico member subject prior settlement outstand claim fund member particip effect time currenc asset govern council deem fair equit articl settlement oblig account loan outstand ico respect account oper time decis termin fund oper repaid ico concern month decis termin repay loan stock warrant pledg assign trust fund respect loan return ico stock warrant pledg assign trust fund respect commod acquir cash deposit ico return ico manner consist treatment cash deposit surplus paragraph articl extent ico fulli discharg oblig fund liabil incur fund respect account oper discharg pari passu asset account accord articl liabil creditor fund liabil ico respect cash deposit surplus held fund accord articl extent ico fulli discharg oblig fund distribut remain asset account made basi order amount capit call paid member accord articl distribut member pro rata share total guarante capit call paid amount guarante call paid particip ico member accord articl distribut particip pro rata share total guarante call paid distribut asset account remain distribut provid paragraph articl made member pro rata subscript share directli contribut capit alloc account articl settlement oblig account liabil incur fund respect account oper discharg resourc account pursuant articl distribut remain asset account made member subscript share directli contribut capit alloc account pusuant articl contributor account pro rata share total amount contribut pursuant articl articl settlement oblig asset fund asset realiz time time decid govern council light recommend made execut board accord procedur determin execut board qualifi major proce realiz sale asset discharg pro rata liabil refer articl articl remain asset distribut basi order articl member pro rata subscript share directli contribut capit chapter statu privileg immun articl purpos enabl fund fulfil function entrust statu privileg immun set chapter accord fund territori member articl legal statu fund fund possess full jurid person capac conclud intern agreement state intern organ enter contract acquir dispos immov properti institut legal proceed articl immun jurid proceed fund enjoi immun form legal process action brought fund lender fund borrow fund respect fund buyer holder secur issu fund respect secur assigne successor interest thereof respect aforement transact action brought court compet jurisdict place fund agre write parti subject provis made forum agreement jurisdict court effect reason fault parti bring legal action fund action brought compet court place fund headquart appoint agent purpos accept servic notic process action brought fund member ico icb particip person act deriv claim case paragraph articl neverthel ico icb particip recours special procedur settl controversi fund prescrib agreement fund case member agreement rule regul adopt fund notwithstand provis paragraph articl properti asset fund locat whomsoev held immun search form take foreclosur seizur form attach injunct judici process imped disburs fund cover imped disposit commod stock stock warrant interlocutori measur deliveri final judgment fund court jurisdict accord paragraph articl fund agre creditor limit properti asset fund subject execut satisfact final judgment articl immun asset action properti asset fund locat whomsoev held immun search requisit confisc expropri form interfer take execut legisl action articl immun archiv archiv fund locat inviol articl freedom asset restrict extent carri oper provid agreement subject provis agreement properti asset fund free restrict regul control moratoria natur articl privileg commun compat intern convent telecommun forc conclud auspic intern telecommun union member parti offici commun fund accord member treatment accord offici commun member articl immun privileg individu governor execut director altern manag director member consult committe expert perform mission fund staff person domest servic fund immun legal process respect act perform offici capac fund waiv immun nation member concern accord famili form part household immun immigr restrict alien registr requir nation servic oblig facil exchang restrict accord member repres offici employe compar rank intern financi institut member grant treatment respect travel facil accord member repres offici employe compar rank intern financi institut member articl immun taxat scope offici activ fund asset properti incom oper transact author agreement exempt direct taxat custom duti good import export offici provid prevent member impos normal tax custom duti commod origin territori member forfeit fund circumst fund claim exempt tax charg servic render purchas good servic substanti offici activ fund made behalf fund price purchas includ tax duti measur extent subject law member concern member grant exempt tax duti provid reimburs good import purchas exempt provid articl sold dispos territori member grant exempt condit agre member tax levi member respect salari emolu paid form payment made fund governor execut director altern member consult committe manag director staff expert perform mission fund citizen nation subject taxat kind levi oblig secur issu guarante fund includ dividend interest thereon whomsoev held discrimin oblig secur sole issu guarante fund sole jurisdict basi taxat place currenc issu made payabl paid locat offic place busi maintain fund articl waiver immun exempt privileg immun exempt privileg provid chapter grant interest fund fund waiv extent upen condit determin immun exempt privileg provid chapter case action prejudic interest fund manag director power deleg govern council duti waiv immun staff expert perform mission fund case immun imped justic waiv prejudic interest fund articl applic chapter member action purpos make effect territori principl oblig set chapter chapter xi amend articl amend propos amend agreement eman member notifi member manag director refer execut board submit recommend thereon govern council propos amend agreement eman execut board notifi member manag director refer govern council amend adopt govern council highli qualifi major amend enter forc month adopt govern council notwithstand paragraph articl amend modifi member withdraw fund vote major requir provid agreement limit liabil provid articl subscrib subscrib share directli contribut capit pursuant articl procedur amend agreement forc accept member accept deem member notifi object manag director write month adopt amend period time extend govern council time adopt amend request member manag director immedi notifi member depositari amend adopt date entri forc amend chapter xii interpret arbitr articl interpret question interpret applic provis agreement aris member fund member submit execut board decis member member entitl particip deliber execut board consider question accord rule regul adopt govern council case execut board decis paragraph articl member requir month date notif decis question refer govern council decis meet highli qualifi major decis govern council final govern council unabl reach decis paragraph articl question submit arbitr accord procedur laid articl member request month final dai consider question govern council articl arbitr disput fund member withdrawn fund member termin fund oper submit arbitr arbitr tribun consist arbitr parti disput appoint arbitr arbitr appoint appoint arbitr chairman dai receipt request arbitr parti appoint arbitr dai appoint arbitr arbitr appoint parti request presid intern court justic author prescrib rule regul adopt govern council appoint arbitr presid intern court justic request paragraph appoint arbitr presid nation state parti disput unabl discharg duti author appoint arbitr devolv vice presid court similarli preclud oldest member court preclud longest bench procedur arbitr fix arbitr chairman full power settl question procedur case disagr respect thereto major vote arbitr suffici reach decis final bind parti procedur arbitr provid associ agreement disput fund ico subject arbitr accord procedur provid paragraph articl chapter xiii final provis articl signatur ratif accept approv agreement open signatur state list schedul intergovernment organ articl unit nation headquart york octob year date entri forc signatori state signatori intergovernment organ parti agreement deposit instrument ratif accept approv month date entri forc articl depositari secretari gener unit nation depositari agreement articl access entri forc agreement state intergovernment organ articl acced agreement term condit agre govern council state intergovernment organ access effect deposit instrument access depositari articl entri forc agreement enter forc receipt depositari instrument ratif accept approv state provid total subscript share directli contribut capit compris third total subscript share directli contribut capit alloc state schedul target pledg voluntari contribut account articl met provid forego requir fulfil march date state deposit instrument end period decid third major vote state forego requir fulfil date state deposit instrument date decid third major vote state subsequ date state concern notifi depositari decis paragraph state intergovernment organ deposit instrument ratif accept approv entri forc agreement state intergovernment organ deposit instrument access agreement enter forc date deposit articl reserv reserv made respct provis agreement respect articl wit whereof undersign duli author thereto affix signatur agreement date geneva twenti seventh dai june thousand hundr eighti origin arab chines english french russian spanish languag text equal authent schedul subscript share directli contribut capit gt tabl gt schedul special arrang develop countri pursuant articl member categori develop countri defin unit nation pai paid share refer articl manner payment cent made equal instal period year subsequ payment cent made instal decid execut board payment remain cent evidenc member deposit irrevoc negoti interest bear promissori note paid decid execut board notwithstand provis articl develop countri suspend membership fot failur fulfil financi oblig refer paragraph schedul full opportun repres case reason period time satisfi govern council inabl fulfil oblig schedul elig criteria icb icb establish intergovernment basi membership open member state unit nation special agenc intern atom energi agenc concern continu basi trade product consumpt aspect commod question membership compris produc consum repres adequ share export import commod concern effect decis make process reflect interest particip posit adopt suitabl method ensur proper discharg technic respons aris associ activ account schedul alloc vote member state refer articl hold basic vote number vote alloc respect share directli contribut capit subscrib set annex schedul vote unit account guarante capit provid vote alloc accord paragraph schedul member state refer articl hold basic vote number vote respect share directli contribut capit subscrib determin govern council qualifi major basi consist alloc vote provid annex schedul vote unit account guarante capit provid vote alloc accord paragraph schedul event unsubscrib addit share directli contribut capit made subscript accord articl articl addit vote alloc member state addit share directli contribut capit subscrib govern council vote structur constant review actual vote structur significantli provid annex schedul make adjust accord fundament principl govern distribut vote reflect schedul make adjust govern council consider membership number share directli contribut capit amount guarante capit adjust distribut vote pursuant paragraph schedul made accord rule regul adopt purpos govern council annual meet highli qualifi major annex schedul gt tabl gt schedul elect execut director execut director altern elect ballot governor ballot candidatur candidatur compris person nomin member execut director person nomin member member altern person form candidatur nation governor cast candidatur vote member appoint governor entitl schedul candidatur receiv greatest number vote elect provid candidatur receiv cent total vote power candidatur elect ballot ballot held vote governor vote ballot candidatur elect governor vote elect candidatur deem paragraph schedul rais vote cast candidatur cent total vote power determin vote cast governor deem rais total candidatur cent total vote power percentag deem exclud vote governor cast smallest number vote candidatur vote governor cast smallest number vote cent figur cent cent reach governor vote count order rais total candidatur cent consid cast vote candidatur total vote candidatur exce cent ballot governor hold equal number vote vote candidatur vote governor deem rais total vote cent total vote power entitl vote ballot ballot requir determin lot determin candidatur elect ballot governor vote deem elect candidatur minimum maximum percentag paragraph schedul procedur paragraph schedul appli ballot candidatur elect ballot held principl candidatur elect candidatur elect simpl major remain vote event governor vote unsuccess candidatur ballot held governor design success candidatur agre repres execut board member appoint governor case ceil cent paragraph schedul appli candidatur design state acced agreement interv elect execut director design execut director agre repres execut board case ceil cent paragraph schedul appli schedul unit account unit account sum valu currenc unit convert currenc unit state dollar deutsch mark japanes yen french franc pound sterl italian lira netherland guilder canadian dollar belgian franc saudi arabian riyal swedish krona iranian rial australian dollar spanish peseta norwegian krone austrian schill chang list currenc determin unit account amount currenc made accord rule regul adopt govern council qualifi major conform practic compet intern monetari organ