Schedule

PROVISIONS OF THE AGREEMENT AS TO STATUS, IMMUNITIES AND PRIVILEGES

Article III

OPERATIONS

Applicability of certain foreign exchange restrictions

Section 5

Funds received by or payable to the Corporation in respect of an investment of the Corporation made in any member's territories pursuant to Section 1 of this Article shall not be free, solely by reason of any provision of this Agreement, from generally applicable foreign exchange restrictions, regulations and controls in force in the territories of that member.

Article VI

STATUS, IMMUNITIES AND PRIVILEGES

Status of the Corporation

Section 2

The Corporation shall possess full juridical personality and, in particular, the capacity:

(i)

to contract;

(ii)

to acquire and dispose of immovable and movable property;

(iii)

to institute legal proceedings.

Position of the Corporation with regard to judicial process

Section 3

Actions may be brought against the Corporation only in a court of competent jurisdiction in the territories of a member in which the Corporation has an office, has appointed an agent for the purpose of accepting service or notice of process, or has issued or guaranteed securities. No actions shall, however, be brought by members or persons acting for or deriving claims from members. The property and assets of the Corporation shall, wheresoever located and by whomsoever held, be immune from all forms of seizure, attachment or execution before the delivery of final judgment against the Corporation.

Immunity of assets from seizure

Section 4

Property and assets of the Corporation, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of seizure by executive or legislative action.

Immunity of archives

Section 5

The archives of the Corporation shall be inviolable.

Freedom of assets from restrictions

Section 6

To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of Article III, Section 5, and the other provisions of this Agreement, all property and assets of the Corporation shall be free from restrictions, regulations, controls and moratoria of any nature.

Immunities and privileges of officers and employees

Section 8

All Governors, Directors, Alternates, officers and employees of the Corporation:

(i)

shall be immune from legal process with respect to acts performed by them in their official capacity ….

Immunities from taxation

Section 9

(a)

The Corporation, its assets, property, income and its operations and transactions authorised by this Agreement, shall be immune from all taxation and from all customs duties. The Corporation shall also be immune from liability for the collection or payment of any tax or duty.

(b)

No tax shall be levied on or in respect of salaries and emoluments paid by the Corporation to Directors, Alternates, officials or employees of the Corporation who are not local citizens, local subjects, or other local nationals.

(c)

No taxation of any kind shall be levied on any obligation or security issued by the Corporation (including any dividend or interest thereon) by whomsoever held:

(i)

which discriminates against such obligation or security solely because it is issued by the Corporation; or

(ii)

if the sole jurisdictional basis for such taxation is the place or currency in which it is issued, made payable or paid, or the location of any office or place of business maintained by the Corporation.

(d)

No taxation of any kind shall be levied on any obligation or security guaranteed by the Corporation (including any dividend or interest thereon) by whomsoever held:

(i)

which discriminates against such obligation or security solely because it is guaranteed by the Corporation; or

(ii)

if the sole jurisdictional basis for such taxation is the location of any office or place of business maintained by the Corporation.

Waiver

Section 11

The Corporation in its discretion may waive any of the privileges and immunities conferred under this Article to such extent and upon such conditions as it may determine.