Staff Memorandum on International Lending and Guaranty Programs. Committee Print... 88-2..., December 21, 19641964 - 378 pages |
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Page 2
... delegated most of its powers ( Art . V , sec . 2 ( b ) , of the Articles of Agreement ) to the 20 Executive Directors , of whom 5 are appointed by the principal member countries and 15 are elected by the other members . The management ...
... delegated most of its powers ( Art . V , sec . 2 ( b ) , of the Articles of Agreement ) to the 20 Executive Directors , of whom 5 are appointed by the principal member countries and 15 are elected by the other members . The management ...
Page 14
... delegate to the Board of Directors authority to take all but specified major actions ( Art . IV ) . Each member has 250 votes plus 1 additional for each share of stock held . The following principles are set forth in the Articles of ...
... delegate to the Board of Directors authority to take all but specified major actions ( Art . IV ) . Each member has 250 votes plus 1 additional for each share of stock held . The following principles are set forth in the Articles of ...
Page 19
... delegate their powers to the Executive Directors , except the power to ( 1 ) admit and determine conditions for new members , ( 2 ) authorize and determine additional subscriptions , ( 3 ) suspend memberships , ( 4 ) decide appeals from ...
... delegate their powers to the Executive Directors , except the power to ( 1 ) admit and determine conditions for new members , ( 2 ) authorize and determine additional subscriptions , ( 3 ) suspend memberships , ( 4 ) decide appeals from ...
Page 26
... delegated to the Board of Executive Directors all its powers except certain powers reserved to the Governors under the Agreement ( Art . VIII ) . There are seven Executive Directors , one appointed by the United States and the remaining ...
... delegated to the Board of Executive Directors all its powers except certain powers reserved to the Governors under the Agreement ( Art . VIII ) . There are seven Executive Directors , one appointed by the United States and the remaining ...
Page 112
... delegate to the Executive Direc- tors authority to exercise any powers of the Board , except the power to : ( i ) Admit new members and determine the conditions of their admission ; ( ii ) Increase or decrease the capital stock ; ( iii ) ...
... delegate to the Executive Direc- tors authority to exercise any powers of the Board , except the power to : ( i ) Admit new members and determine the conditions of their admission ; ( ii ) Increase or decrease the capital stock ; ( iii ) ...
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Common terms and phrases
added by Sec Administrator agency agricultural Alliance for Progress amended American amount application appointed Appropriation Act Articles of Agreement assets Association authorized Board of Governors borrower capital stock Committee commodities compensation Congress Contract of Guaranty Corporation Coverage deemed defense delegated determine economic elected exchange Executive Directors Export-Import Bank exporters FAAct financing fiscal Foreign Assistance Act foreign currencies Fund's gold hereby increase Inter-American Development Bank International Bank International Development Association International Finance Corporation International Monetary International Monetary Fund investment Investor issued June 30 Latin America liability meeting member countries member's currency membership ment million Mutual Security Act obligations operations paragraph participation payment percent President Project Country Public Law purposes pursuant quota repayment Republic respect Secretary Stat subscriptions subsection terms and conditions territories thereof tion total voting power transfer Treasury U.S. dollars United States dollars
Popular passages
Page 95 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations issued hereunder and for that purpose he Is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under that Act, as amended, are extended to include any purchases of such notes and obligations.
Page 101 - To promote the long-range balanced growth of international trade and the maintenance of equilibrium in balances of payments by encouraging international investment for the development of the productive resources of members, thereby assisting in raising productivity, the standard of living and conditions of labor in their territories.
Page 335 - States to promote a better understanding of the United States in other countries, and to increase mutual understanding between the people of the United States and the people of other countries.
Page 188 - Actions may be brought against the Bank only in a court of competent jurisdiction in the territories of a member in which the Bank has an office, has appointed an agent for the purpose of accepting service or notice of process, or has issued or guaranteed securities.
Page 166 - Property and assets of the Bank, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of seizure by executive or legislative action.
Page 137 - Board, except the power to: (i) Admit new members and determine the conditions of their admission; (ii) Increase or decrease the capital stock; (iii) Suspend a member; (iv) Decide appeals from interpretations of this Agreement given by the Executive Directors...
Page 162 - Bank, its officers and employees shall not interfere in the political affairs of any member, nor shall they be influenced in their decisions by the political character of the member or members concerned.
Page 120 - Bank shall also be immune from liability for the collection or payment of any tax or duty. (b) No tax shall be levied on or in respect of salaries and emoluments paid by the Bank to executive directors, alternates, officials or employees of the Bank who are not local citizens local subjects, or other local nationals.
Page 91 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SHORT TITLE SECTION 1. This Act may be cited as the "Asian Development Bank Act.
Page 136 - Bank (including any dividend or interest thereon) by whomsoever held — (i) which discriminates against such obligation or security solely because it is issued by the Bank; or (ii) if the sole jurisdictional basis for such taxation is the place or currency in which it is issued, made payable or paid, or the location of any office or place of business maintained by the Bank.