World Bank Articles Of Agreement

mkirilova, 15 април, 2021

The ICSID Convention came into force through a multilateral agreement and came into force on 14 October 1966. b) all loan contracts define the currency or currencies in which payments are made to the Bank under the contract. However, at the borrower`s choice, these payments may be made in gold or, subject to the bank`s agreement, in the currency of a member other than the part stipulated in the contract. You clicked on a link to a page that is not part of the beta version of the new worldbank.org. Before you leave, we`d like to hear from you about your experience while you were here. Will you take two minutes to complete a brief survey that will help us improve our website? Thank you for your participation in this survey! Your feedback is very helpful to us as we work to improve the website`s functionality on worldbank.org. c) In the event of disagreement between the bank and a country that is no longer a member, or between the bank and a member during the permanent suspension of the bank, this disagreement is submitted by an arbitral tribunal with three arbitrators appointed by the bank, another by the country concerned and an arbitrator to whom, unless the parties agree otherwise, it is subject to an arbitration tribunal. , is appointed by the President of the Permanent Court of International Justice or by any other authority imposed by the Bank`s regulation. The arbitrator has full authority to resolve a procedural issue in all cases where the parties do not agree on this issue. The internal initiative to further integrate human rights into world bank recitals comes before the main thought on the types of activities the World Bank can carry out in accordance with its articles. The International Bank for Reconstruction and Development (IBRD) was the first institution of a group of financial institutions now known as the World Bank Group (WBG).

After its creation at Bretton Woods in 1944, the IBRD was subject to its statutes by an agreement signed by the United Nations General Assembly in November 1947. Other WBG institutions have been developed in the same way, and from this origin, the WBG has looked beyond these articles without any direct legal responsibility – not to the UN Charter, from which it originates, nor to other areas of international law.

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