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II SÉRIE — NÚMERO 23

Article 16 Provision of currencies for direct loans. Article 17 Operacional principles.

Article 18 Terms and conditions for direct loans and guar-antes.

Article 19 Commission and fees. Article 20 Special reserve.

Article 21 Methods of meeting liabilities of the Bank (ordinary operations).

Article 22 Methods of meeting liabilities on borrowings for special funds.

CHAPTER IV

Borrowing and other additional powers

Article 23 General powers. Article 24 Special borrowing powers. Article 25 Warning to be placed on securities. Article 26 Valuation of currencies and determination of convertibility. Article 27 Use of currencies.

Article 28 Maintenance of value of the currency holdings of the Bank.

CHAPTER V Organization and manageaamt

Article 29 Board of governors: powers. Article 30 Board of governors: composition. Article 31 Board of governors: procedure. Article 32 Board of directors: powers. Article 33 Board of directors: composition. Article 34 Board of directors: procedure. Article 35 Voting.

Article 36 The president: appointment.

Article 37 The office of the president.

Article 38 Prohibition of political activity; the international

character of the Bank. Article 39 Office of the Bank.

Article 40 Channel of communications: depositories.

Article 41 Publication of the agreement, working languages,

provision of information and reports. Article 42 Allocation of net income.

CHAPTER VI

Withdrawal and suspension of members; temporary suspension and termination of opération» of 0» Baafc

Article 43 Withdrawal.

Article 44 Suspension.

Article 45 Settlement of accounts.

Article 46 Temporary suspension of operations.

Article 47 Termination of operations.

Article 48 Liability of members and payment of claims.

Article 49 Distribution of assets.

CHAPTER VII Stains, imnmnitias, exemptions and privileges

Article 50 Status.

Article 51 Status in member countries. Article 52 Judicial proceedings. Article 53 Immunity of assets and archives. Article 54 Freedom of assets from restriction. Article 55 Privilege for communications. Article 56 Personal immunities and privileges. Article 57 Exemption from taxation. Article 58 Notification of implementation. Article 59 Application of immunities; exemptions and privileges.

CHAPTER VIII Amendments, Interpretation, arbitration

Article 60 Amendments.

Article 61 Interpretation. Article 62 Arbitration.

CHAPTER IX Final provisions

Article 63 Signature and deposit.

Article 64 Ratification, acceptance, accession and acquisition

of membership. Article 65 Entry into force. Article 66 Commencement of operations.

ANNEX A

Initial subscriptions to the authorized capital stock of the Bank

ANNEX B EtectioD of directors

RESOLUÇÃO N.° .../... ADESÃO AO BANCO AFRICANO DE DESENVOLVIMENTO)

A Assembleia da República resolveu, nos termos dos artigos 164.°, alínea 0, e 169.°, n.° 4, da Constituição, o seguinte:

1.° E aprovada a adesão de Portugal ao tratado internacional de criação do Banco Africano de Desenvolvimento, cujas versões em línguas inglesa e portuguesa se publicam em anexo.

2° Fica o Governo autorizado, através do Ministro das Finanças e do Plano, com a possibilidade de delegar, a praticar todos os actos necessários à adesão de Portugal ao Banco Africano de Desenvolvimento.

Aprovada em 15 de lulho de 1983 O Presidente da Assembleia da República,

Manuel Alfredo Tito de Morais.

Agrement establishing the African Development Bank

The Governments on whose behalf this agreement is signed,

Determined to strengthen African solidarity by means of economic cooperation between African States;

Considering the necessity of accelerating the development of the extensive human and natural resources of Africa in order to stimulate economic development and social progress in that region;

Realizing the importance of co-ordinating national plans of economic and social development for the promot;on of the harmonious growth of African economies as a whole and the expansion of African foreign trade and, in particular, inter-African trade;

Recognizing that the establishment of a financial institution common to all African countries wou/d serve these ends;

Convinced that a partnership of African and non-African countries will facilitate an additional flow of