Abstract
International financial institutions are endowed with potential power that exceeds even the most formidable modern military forces. Both legend and historical facts relate the dynamic influence of international finance in the evolution of modern man and his environment. Even today, the energies expended in the realm of international economics often overshadow the devastation of physical strife. Moreover, the road to ultimate European unity has been paved, largely, by international financial efforts. The recognition by the community of nations of the vital role of international financial institutions in the process of nation building, modernization and continued development has given birth to a number of banks and funds. These financial institutions are dedicated to the general improvement of man and his environment and to the task of uplifting and maintaining the general standards of living in the modern world. In this chapter, nine of these international financial institutions will be examined respecting the status and prerogatives of their personnel.
Chapter PDF
Keywords
- Financial Institution
- Finance Corporation
- European Economic Community
- Development Association
- International Financial Institution
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Reference
Texts of the Articles pertaining to the Bank, Corporation and Fund may be found in U.N.T.S., Vol. 2 (1947), pp. 2ff; Vol. 264 (1957), pp. 118ff; and Vol. 2 (1947). PP. 4off, respectively. The text of Articles of the Development Association is published by the International Bank for Reconstruction and Development, Washington, n.c., reprinted November, 1962.
Annex V pertains to the Fund and Annex VI to the Bank, U.N.T.S., Vol. 33 (1949), pp. 298, 300
Annex XIII pertains to the Finance Corporation, U.N.T.S., Vol. 327 (1950), P. 326
Annex XIV pertains to the Development Association, U.N.T.S., Vol. 423 (1962), pp. 284, 286.
U.N.T.S., Vol. 216 (1955), pp. 384ff. Italics added.
Article 130, Treaty Establishing the European Economic Community, U.N. T.S., Vol. 298 (1957), p. 251.
Preamble to the Agreement Concerning… the Establishment of an International Bank for Economic Cooperation, U.N.T.S., Vol. 506 (1964), p. 216.
Preambles of the Agreements Establishing the Respective Banks, see U.N.T.S., Vol. 389 (1959), P. 69; Vol. 510 (1964), P. 46 and Vol. 571 (1966), P. 124.
U.N.T.S., Vol. 298 (1957), pp. 71ff
Treaty Establishing a Single Council and a Single Commission of the European Communities, signed at Brussels, April 8, 1965.
Extracts reproduced in Appendix IV, below.
U.N.T.S., Vol. 506 (1964), pp. 216ff.
The Charter of the Bank is appended to the Moscow Agreement as an Annex. The text of the Charter may be found in U.N.T.S., Vol. 5o6 (1964), pp. 216ff.
Articles IV and V of the Convention on Juridical Personality, Privileges and Immunities of the Council for Mutual Economic Assistance, U.N.T.S., Vol. 368 (1959), PP. 242ff.
Established under the auspices of the United Nations Economic Commission for Africa. Text of the Agreement in U.N.T.S., Vol. 510 (1964), pp. 46ff.
U.N.T.S., Vol. 571 (1966), pp. 124ff
See supra, this Chapter.
Text of the Agreement on Privileges and Immunities for Personnel of the Inter-American Development Bank may be found in Pan American Union, Documents and Notes on Privileges and Immunities with Special Reference to the Organization of American States (Washington, n.c.: General Secretariat, OAS, 1968), pp. 202–204, 218.
Rights and permissions
Copyright information
© 1971 Martinus Nijhoff, The Hague, Netherlands
About this chapter
Cite this chapter
Michaels, D.B. (1971). International Financial Institutions. In: International Privileges and Immunities. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-9220-0_11
Download citation
DOI: https://doi.org/10.1007/978-94-011-9220-0_11
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-011-8493-9
Online ISBN: 978-94-011-9220-0
eBook Packages: Springer Book Archive