Bretton Woods Agreement Act

(i) the ninety-day period shall be extended in such a way that it expires on a date to be fixed by mutual agreement between the Fund and the member. (c) in the event of a disagreement between the bank and a country that is no longer a member, or between the bank and a member during the permanent suspension of the bank, such disagreement shall be submitted to an arbitral tribunal by an arbitral tribunal composed of three arbitrators, one of whom shall be appointed by the bank and another by the country concerned; and an arbitrator, unless otherwise agreed by the parties, shall be appointed by the President of the Permanent International Court of Justice or by any other authority required by rules adopted by the Bank. The arbitrator is fully empowered to resolve all procedural issues in all cases where the parties disagree. (c) The Fund may, in agreement with the members, obtain further information. It serves as a centre for the collection and exchange of information on monetary and financial issues, thus facilitating the preparation of studies to assist members in formulating policies for financing purposes. (d) where the assets of the Fund in the currency of a Member are such that the fee applicable to any period has reached the rate of 4% per annum, the Fund and the Member shall consider ways to reduce the monetary assets of the Fund. Thereafter, in accordance with the provisions of (c) above, the fees increase until they reach 5% and, in the absence of agreement, the Fund may then collect such fees as it deems appropriate. (iii) At any time before the date referred to in point (i), changes to the nominal value referred to in point (a) may be made in agreement with the Fund. (a) there shall be an Advisory Board composed of at least seven persons, selected by the Governing Council, including representatives of the interests of banking, commerce, industry, labour and agriculture, and with the widest possible national representation; In areas where specialized international organizations exist, the members of the Council representing those fields shall be chosen in agreement with those organizations. The Board advises the Bank on policy issues. The Board meets annually and on such other occasions as the Bank may have identified.

If a member leaves the Fund, the normal operations of the Fund shall be suspended in its currency and the payment of all accounts between the Fund and the Fund shall be made with appropriate dispatch, by mutual agreement between the Fund and the Fund. In the absence of immediate agreement, the provisions of Scheme D. (b) All loan agreements shall determine the currency(ies) in which payments are to be made under the contract to the Bank. However, at the option of the borrower, such payments may be made in gold or with the agreement of the bank in the currency of a member other than that prescribed by the contract. 4. If a Member has not reached an agreement with the Fund within the three-month period referred to in point 3, the Fund shall use the currencies of other Members allocated to it in accordance with point 2(c) to exchange the currency of that Member which has been granted to other Members. Each currency that is granted to a Member that has not reached an agreement shall be used, to the extent possible, to exchange its currency, which shall be granted to Members which have concluded agreements with the Fund in accordance with Article 3. .