To Authorize Th United States to Provide Additional Financial Resources to the Asian Development BAnk and the Inter-American Development Bank: Hearing Before the Subcommittee on International Finance of ... , 92-1 on H.R. 5013 ... , H.R. 5014 ... , October 26, 1971

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52. lappuse - Property and assets of the Bank, wheresoever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of taking or foreclosure by executive or legislative action.
36. lappuse - Bank shall be a party shall be deemed to arise under the laws of the United States, and the district courts of the United States shall have original jurisdiction of any such action.
52. lappuse - Association waives this immunity ; (ii) not being local nationals, shall be accorded the same immunities from immigration restrictions, alien registration requirements and national service obligations and the same facilities as regards exchange restrictions...
49. lappuse - The Bank and its officers 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. Only economic considerations shall be relevant to their decisions, and these considerations shall be weighed impartially in order to achieve the purposes stated in Article I.
49. lappuse - President shall, subject to the paramount importance of securing the highest standards of efficiency and of technical competence, pay due regard to the importance of recruiting personnel on as wide a geographical basis as possible.
52. lappuse - Section 6. Freedom of assets from restrictions To the extent necessary to carry out the...
52. lappuse - 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.
54. lappuse - Bank, such disagreement shall be submitted to arbitration by a tribunal of three...
53. lappuse - Amendments (a) Any proposal to introduce modifications in this Agreement, whether emanating from a member, a governor or the Executive Directors, shall be communicated to the Chairman of the Board of Governors who shall bring the proposal before the Board.
48. lappuse - Governors, by an absolute majority of the total number of governors representing not less than a majority of the total voting power of the member countries, shall elect a President of the Bank who, while holding office, shall not be a governor or an executive director or alternate for either.

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