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.
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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
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Extracts reproduced in Appendix IV, below.
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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.
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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.
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© 1971 Martinus Nijhoff, The Hague, Netherlands
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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
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DOI: https://doi.org/10.1007/978-94-011-9220-0_11
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