Staff Memorandum on International Lending AgenciesU.S. Government Printing Office, 1960 - 175 pages |
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Common terms and phrases
agencies alternate amended amount appointed appropriate approved Article VIII Articles of Agreement assets Association Bank for Reconstruction Bank of Washington Bank's Board of Directors Board of Executive Board of Governors borrower Bretton Woods Agreements Chairman charges Cong Congress December 31 deemed determine Development Loan Fund distribution elected enter into force exchange Executive Directors Export-Import Bank Fiscal year 1960 Fund for Special gold guarantees immune increase Inter-American Development Bank International Bank International Development Association International Finance Corporation International Monetary Fund investment liability meeting member countries member's currency membership ment million Monetary and Financial Mutual Security Act National Advisory Council number of votes obligations paid par value participate payable payment percent President Public Law purpose pursuant quota Reconstruction and Development repayment repurchase reserves Section shares Special Operations Stat suspend territories tion total voting power transactions Treasury U.S. dollars United States dollars Woods Agreements Act
Popular passages
Page 134 - The paramount consideration in the employment of the staff and in the determination of the conditions of service shall be the necessity of securing the highest standards of efficiency, competence, and integrity. Due regard shall be paid to the importance of recruiting the staff on as wide a geographical basis as possible.
Page 66 - Each government on whose behalf this Agreement is signed shall deposit with the Government of the United States of America an instrument setting forth that it has accepted this Agreement in accordance with its law and has taken all steps necessary to enable it to carry out all of its obligations under this Agreement.
Page 77 - Section 2, no member shall, without the approval of the Fund, impose restrictions on the making of payments and transfers for current international transactions.
Page 110 - 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.
Page 157 - 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 81 - 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 150 - 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 81 - The Board of Governors shall hold an annual meeting and such other meetings as may be provided for by the Board or called by the Executive Directors.
Page 6 - To facilitate the expansion and balanced growth of international trade, and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all members as primary objectives of economic policy.
Page 115 - 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.