(b) Articles of Agreement of the International Bank for Reconstruction and Development
| Coming into Force | 27 December 1945 |
| Citation | UNTS v. 2 (p.134) |
| Date of Conclusion | 27 December 1945 |
| Registration Date | 25 April 1947 |
| Registration Number | 20 |
| Subject Terms | Bretton Woods Agreements (IMF),International Bank for Reconstruction and Development (IBRD),Charters-Constitutions-Statutes |
| Type of Document | Multilateral |
| Participants | Afganistán,Argelia,Argentina,Australia,Austria,Bahrein,Bangladesh,Bélgica,Bolivia,Botswana,Brasil,BURMA,Burundi,Camboya,Camerún,Canada,Central African Republic,Ceylon,Chad,Chile,China,Colombia,Congo (Brazzaville),Congo (Leopoldville),Costa Rica,Cuba,Cyprus,Czechoslovakia,Dahomey,Dinamarca,República Dominicana,Ecuador,Egipto,El Salvador,Equatorial Guinea,Ethiopia,Federal Republic of Germany,Fiji,Finlandia,France,Gabon,Gambia,Ghana,Greece,Guatemala,Guinea,Guyana,Haiti,Honduras,Islandia,India,Indonesia,Iran,Iraq,Ireland,Israel,Italia,Japón,Jordan,Kenya,Korea,Laos,Lebanon,Lesotho,Libya,Luxembourg,Madagascar,Malawi,Mali,Mauritania,Mauritius,México,Morocco,Nepal,Holanda,New Zealand,Nicaragua,Niger,Nigeria,None,Noruega,Oman,Pakistán,Panamá,Paraguay,Perú,Philippines,Polonia,Portugal,Qatar,Rwanda,Saudi Arabia,Singapore,South Africa,Southern Yemen,España,Sudan,Swaziland,Suecia,Syria,Syrian Arab Republic,Thailand,Trinidad and Tobago,Tunisia,Turquia,Uganda,United Arab Emirates,United Arab Republic,United Kingdom of Great Britain and Northern Ireland,United Republic of Tanganyika and Zanzibar,United States,Upper Volta,Uruguay,Venezuela,Viet Nam,Yemen Arab Republic,Yugoslavia (Socialist Federal Republic of),Zambia |
| Party Submitting the Application for Registration | Netherlands |
134
United
Nations
-
Treaty
Series
1947
No.
20(b).
ARTICLES
OF AGREEMENT
OF
THE
INTER-
NATIONAL
BANK
FOR
RECONSTRUCTION
AND
DE-
VELOPMENT.
The
Governments
on
whose
behalf
the
present Agreement
is
signed
agree
as
follows:
INTRODUCTORY
ARTICLE
The International
Bank
for
Reconstruction
and
Development
is
established
and
shall
operate
in
accordance
with
the
following provisions:
Article
1
PURPOSES
The
purposes
of
the
Bank
are:
(i)
To
assist
in
the
reconstruction
and
development
of
territories
of
members
by
facilitating
the
investment
of
capital
for
productive
purposes,
including
the
restoration
of
economies
destroyed
or
disrupted
by
war,
the
reconversion
of
productive
facilities
to
peacetime needs
and
the
encourage-
ment
of
the
development
of
productive
facilities
and
resources
in
less
de-
veloped
countries.
(n)
To
promote
private
foreign
investment
by
means
of
guarantees
or
participations
in
loans and
other
investments made
by private
investors;
and
when
private
capital
is
not
available on
reasonable terms,
to
supplement
private investment
by
providing,
on
suitable
conditions,
finance
for
produc-
tive
purposes
out of
its
own
capital,
funds
raised
by it
and
its
other
re-
sources.
(m)
To
promote
the
long-range
balanced
growth
of
international
trade
and
the maintenance
of
equilibrium
in
balances
of
payments
by
en-
couraging
international
investment
for
the
development
of
the
productive
resources
of
members, thereby
assisting
in raising productivity,
the
standard
of
living
and
conditions
of
labour
in
their
territories.
(iv)
To
arrange
the
loans
made
or
guaranteed
by
it in
relation
to
international
loans
through
other
channels
so
that the
more
useful
and
1947
Nations
Unies
-
Recueil
des
Traitds
135
No
20
b).
ACCORD
RELATIF
A
LA
BANQUE
INTERNA-
TIONALE
POUR
LA
RECONSTRUCTION
ET
LE
DEVEL-
bPPEMENT
Les
gouvernements
au
nom.
desquels
Ic
present
accord
est
sign6
sont
conve-
nus
de
cc
qui
suit:
ARTICLE
PRALIMINAIRE
La
Banque internationale pour
la
reconstruction
et
le
d~veloppement
est
cr&6e
ct
fonctionnera
conform~ment
aux
dispositions suivantes:
Article
premier
BUTS
Les
buts
de
la
Banque
sont
les
suivants:
I)
Aider
&
la
reconstruction
et
au
ddveloppement
des
territoires
des
Etats
membres
en
facilitant
l'investissement
de capitaux
h des
fins
produc-
tives
et
notamment
aux fins de
relever
les
6conomies
d~truites
ou
dsorga-
nisses
par
la
guerre,
de
rdadapter
les
moyens
de
production
aux
besoins
du
temps
de
paix
et
d'encourager
le
d6veloppement
des
moyens
de
production
et
des
ressources
dans
les
pays
moins
ddvelopps.
n)
Favoriser
les
investissements
privds
h
'6tranger
au
moyen
de
garan-
ties
ou
de
participation
&
des
prats
et
h
d'autres
investissements
effectu~s
par
des
particuliers;
et,
&
d6faut
de
capitaux
privds
disponibles
I
des
conditions raisonnables,
completer
les
investissements
de
caract&e
priv6
sous
des conditions
appropri~es,
en
fournissant
h
des
fins
productives
des
moyens financiers
tires
de
son
propre
capital,
des
fonds
rdunis
par
elle
et
de
ses
autres
ressources.
mI)
Contribuer
au
d6veloppement
harmonieux,
sur
une
longue
pdriode
de
temps,
des
6changes
internationaux
et
au
maintien
de
l'quilibre
des
balances
des
paiements
en encourageant
les
investissements
internationaux
ayant
pour
but
d'accroltre
les
ressources
productivs
des
Etats
membres,
et
aider
de
cette
mani&e
h
augmenter
la
productivit6,
&
6lever
le
niveau
de
vie
et
h
amliorer
les
conditions
de travail
dans
les
territoires
des
Etats
membres.
iv)
Tenir
compte
en
ce
qui
concerne
les
prets
qu'elle
accorde
ou
qu'elle
garantit
des
pr~ts
internationaux
provenant
d'autres
sources,
de
136
United
Nations
-Treaty
Series
1947
urgent
projects,
large
and
small
alike,
will be
dealt
with first.
(v)
To
conduct
its
operations
with
due
regard
to
the
effect
of
inter-
national
investment
on
business
conditions
in
the
territories
of
members
and,
in
the
immediate
post-war years,
to
assist
in
bringing
about
a
smooth
transi-
tion
from
a
wartime
to
a peacetime
economy.
The
Bank
shall
be
guided
in
all
its
decisions
by
the
purposes set
forth
above.
Article
II
MEMBERSHIP
IN
AND
CAPITAL
OF
THE
BANK
Section
1.
Membership
(a)
The
original
members
of
the
Bank
shall
be
those
members
of
the
International
Monetary Fund
which
accept
membership
in
the Bank
before
the
date
specified
in
Article
XI,
Section
2 (e).
(b)
Membership
shall be
open
to
other
members
of
the
Fund, at
such
times
and
in
accordance
with
such
terms
as
may
be
prescribed
by
the
Bank.
Section
2.
Authorized capital
(a)
The
authorized
capital
stock
of
the
Bank
shall
be
$10,000,000,000,
in
terms
of
United
States
dollars
of
the
weight and
fineness in
effect on
July
1,
1944.
The
capital
stock
shall
be
divided
into
100,000
shares
having
a
par
value
of
$100,000
each,
which
shall
be
available
for
subscription
only
by
members.
(b)
The
capital
stock
may
be
increased when
the
Bank
deems
it
advisable
by
a
three-fourths
majority
of
the
total
voting
power.
Section
3.
Subscription
of
shares
(a)
Each
member
shall
subscribe
shares
of
the
capital
stock
of
the
Bank.
The
minimum number
of
shares
to
be
subscribed
by
the
original
members
shall
be
those
set
forth
in
Schedule
A. The minimum
number
of
shares
to
be
sub-
scribed
by
other
members
shall
be
determined
by
the
Bank,
which
shall reserve
a
sufficient
portion
of
its
capital
stock for
subscription
by
such
members.
(b)
The
Bank
shall
prescribe
rules
laying
down
the
conditions
under
which
members
may
subscribe
shares
of
the
authorized
capital
stock
of
the
Bank
in
addition
to
their
minimum
subscriptions.
(c)
If
the authorized
capital
stock
of
the
Bank
is
increased, each
member
shall have
a
reasonable
opportunity
to
subscribe,
under
such
conditions
as
the
No.
20
(b)
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