Articles Of Agreement Of Ibrd

In 2000, the then General Counsel made it clear in the World Bank`s legal documents that “the Bank cannot reasonably put its members in a situation where they would be in breach of their obligations under the Charter of the United Nations if they agreed with a measure proposed by the Bank.” Finally, in this situation, the Charter of the United Nations takes precedence under Article 103: “In the event of a conflict between the obligations of the Members of the United Nations under this Charter and their obligations under another international agreement, their obligations under this Charter shall take precedence”. 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 a court of three arbitrators, one of whom shall be appointed by the bank, the other by the country concerned and an arbitrator; if the parties do not agree otherwise, he shall be appointed by the President of the Permanent International Court of Justice or by any other authority required by a regulation adopted by the Bank. .