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Articles of Agreement

Articles of Agreement

The IDA Articles of Agreement are also available in PDF format:ida-articlesofagreement.pdf (80k)

The Governments on whose behalf this Agreement is signed,

Considering:

That mutual cooperation for constructive economic purposes, healthy development of the world economy and balanced growth of international trade foster international relationships conducive to the maintenance of peace and world prosperity;

That an acceleration of economic development which will promote higher standards of living and economic and social progress in the less-developed countries is desirable not only in the interests of those countries but also in the interests of the international community as a whole;

That achievement of these objectives would be facilitated by an increase in the international flow of capital, public and private, to assist in the development of the resources of the less-developed countries, do hereby agree as follows:

INTRODUCTORY ARTICLE

ARTICLE I: PURPOSES

ARTICLE II: MEMBERSHIP, INITIAL SUBSCRIPTIONS
- SECTION 1. Membership
- SECTION 2. Initial Subscriptions.
- SECTION 3. Limitation on Liability

ARTICLE III: ADDITIONS TO RESOURCES
- SECTION 1. Additional Subscriptions
- SECTION 2. Supplementary Resources Provided by a Member in the Currency of Another Member

ARTICLE IV: CURRENCIES
- SECTION 1. Use of Currencies
- SECTION 2. Maintenance of Value of Currency Holdings

ARTICLE V: OPERATIONS
- SECTION 1. Use of Resources and Conditions of Financing
- SECTION 2. Form and Terms of Financing
- SECTION 3. Modifications of Terms of Financing
- SECTION 4. Cooperation with Other International Organizations and Members Providing Development Assistance
- SECTION 5. Miscellaneous Operations
- SECTION 6. Political Activity Prohibited

ARTICLE VI: ORGANIZATION AND MANAGEMENT
- SECTION 1. Structure of the Association
- SECTION 2. Board of Governors
- SECTION 3. Voting
- SECTION 4. Executive Directors
- SECTION 5. President and Staff
- SECTION 6. Relationship to the Bank
- SECTION 7. Relations with Other International Organizations
- SECTION 8. Location of Offices
- SECTION 9. Depositories
- SECTION 10. Channel of Communication
- SECTION 11. Publication of Reports and Provision of Information
- SECTION 12. Disposition of Net Income

ARTICLE VII: WITHDRAWAL; SUSPENSION OF MEMBERSHIP; SUSPENSION OF OPERATIONS
- SECTION 1. Withdrawal by Members
- SECTION 2. Suspension of Membership
- SECTION 3. Suspension or Cessation of Membership in the Bank
- SECTION 4. Rights and Duties of Governments Ceasing to be Members
- SECTION 5. Suspension of Operations and Settlement of Obligations

ARTICLE VIII: STATUS, IMMUNITIES AND PRIVILEGES
- SECTION 1. Purposes of Article
- SECTION 2. Status of the Association
- SECTION 3. Position of the Association with Regard to Judicial Process
- SECTION 4. Immunity of Assets from Seizure
- SECTION 5. Immunity of Archives
- SECTION 6. Freedom of Assets from Restrictions
- SECTION 7. Privilege for Communications
- SECTION 8. Immunities and Privileges of Officers and Employees
- SECTION 9. Immunities from Taxation
- SECTION 10. Application of Article

ARTICLE IX: AMENDMENTS

ARTICLE X: INTERPRETATION AND ARBITRATION

ARTICLE XI: FINAL PROVISIONS
- SECTION 1. Entry into Force
- SECTION 2. Signature
- SECTION 3. Territorial Application
- SECTION 4. Inauguration of the Association
- SECTION 5. Registration

SCHEDULE A- INITIAL SUBSCRIPTIONS




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