Νόμοι — ΦΕΚ A' 167/2024

Type Νόμος

Publication 2024-10-22

State In force

Source ΦΕΚ

articles 1

The term of office of the Managing Director shall be four years and he may be reappointed for one successive term. However, he shall cease to hold office at any time the Governing Council so decides by a Qualified Majority.

The Managing Director shall be responsible for the organization, appointment and dismissal of the staff pursuant to staff rules and regulations to be adopted by the Fund. In appointing the staff the Managing Director shall, subject to the paramount importance of securing the highest standards of efficiency and of technical competence, pay due regard to recruiting personnel on as wide a geographical basis as possible.

The Managing Director and staff, in the discharge of their functions, shall owe their duty entirely to the Fund and to no other authority. Each Member shall respect the international character of this duty and shall refrain from all attempts to influence the Managing Director or any of the staff in the discharge of their functions.”, “Article 24 MANAGING DIRECTOR AND STAFF

The Governing Council shall by a Qualified Majority appoint the Managing Director. If the appointee is, at the time of his appointment, a Governor or an Executive Director, or an alternate, he shall resign from such position prior to taking up his duties as Managing Director.

The Managing Director shall be the chief executive officer of the Fund and shall conduct, under the direction of the Governing Council and the Executive Board, the ordinary business of the Fund.

(a) The Governing Council shall, taking into account the need to make the Second Account operational as soon as possible, establish as early as possible a Consultative Committee, in accordance with rules and regulations to be adopted by the Governing Council, to facilitate the operations of the Second Account. (b) In the composition of the Consultative Committee, due regard shall be paid to the need for a broad and equitable geographical distribution, individual expertise in commodity development issues, and the desirability of a broad representation of interests, including of voluntary contributors.

The functions of the Consultative Committee shall be: (a) To advise the Executive Board on technical and economic aspects of the programmes of measures proposed by ICBs to the Fund for financing and co-financing through the Second Account and on the priorities to be attached to such proposals; (b) To advise, at the request of the Executive Board, on specific aspects connected with the appraisal of particular projects being considered for financing through the Second Account; (c) To advise the Executive Board on guidelines and criteria for determining the relative priorities among measures within the scope of the Second Account, for appraisal procedures, for making grants and loan assistance, (d) To comment on reports from the Managing Director on the supervision, implementation and evaluation of projects being financed through the Second Account.”, “Article 25 CONSULTATIVE COMMITTEE The Fund shall maintain at the disposal of the Executive Board, a Consultative Committee, established and operating, in accordance with rules and regulations adopted by the Governing Council, to facilitate the activities of the Operations Account.”. Article 26, presently reading as follows: “Article 26 BUDGETARY AND AUDIT PROVISIONS

The administrative expenses of the Fund shall be covered by revenues of the First Account.

The Managing Director shall prepare an annual administrative budget, which shall be considered by the Executive Board and be transmitted, together with its recommendations, to the Governing Council for approval.

The administrative expenses of the Fund shall be covered from the resources of the Capital Account.

The Managing Director shall arrange for an annual independent and external audit of the accounts of the Fund. The audited statement of accounts, after consideration by the Executive Board, shall be transmitted, together with its recommendations, to the Governing Council for approval.”. Article 27, presently reading as follows: “Article 27 LOCATION OF HEADQUARTERS The headquarters of the Fund shall be located in the place decided upon by the Governing Council by a Qualified other offices, as necessary, in the territory of any Member.”, “Article 27 LOCATION OF HEADQUARTERS The headquarters of the Fund shall, except as the Governing Council with a Qualified Majority shall decide otherwise, be located in Amsterdam, The Netherlands. The Fund may, by a decision of the Governing Council, establish other offices, as necessary, in the territory of any Member.”. Article 28, presently reading as follows: “Article 28 PUBLICATION OF REPORTS The Fund shall issue and transmit to Members an annual report containing an audited statement of accounts. After adoption by the Governing Council, such report and statement shall also be transmitted for information to the General Assembly of the United Nations, to the Trade and Development Board of UNCTAD, to Associated ICOs and to other interested international organizations.”, “Article 28 PUBLICATION OF REPORTS The Fund shall issue and transmit to Members an annual report containing an audited statement of accounts. After adoption by the Governing Council, such report and statement shall also be transmitted for information to the General Assembly of the United Nations, to the Trade and Development Board of UNCTAD and to other interested international organizations.”. Article 29, presently reading as follows: “Article 29 RELATIONS WITH THE UNITED NATIONS AND OTHER ORGANIZATIONS

The Fund may enter into negotiations with the United Nations with a view to concluding an agreement to of the Charter of the United Nations. Any agreement concluded in accordance with Article 63 of the Charter shall require the approval of the Governing Council, upon the recommendation of the Executive Board.

The Fund may co-operate closely with UNCTAD and the organizations of the United Nations system, other intergovernmental organizations, international financial institutions, non-governmental organizations and governmental agencies concerned with related fields of activities and, if deemed necessary, enter into agreements with such bodies.

The Fund may establish working arrangements with the bodies referred to in paragraph 2 of this article, as may be decided by the Executive Board.”, “Article 29 RELATIONSWITH THE UNITED NATIONS, ICBS, OTHER INTERNATIONAL ORGANIZATIONS AND OTHER ENTITIES

The Fund may enter into negotiations with the United Nations with a view to concluding an agreement to bring the Fund into relationship with the United Nations as one of the specialized agencies referred to in Article 57 of the Charter of the United Nations. Any agreement concluded in accordance with Article 63 of the Charter shall require the approval of the Governing Council, upon the recommendation of the Executive Board.

The Fund may co-operate closely with the bodies and organizations of the United Nations system, and enter into such agreements with such entities as may be deemed desirable.

The Fund shall seek to establish working relationships with ICBs and other international organizations and with public and private entities engaged in activities related to those of the Fund, and to mobilize financial support for the Fund’s objectives from whichever sources available. In the interrelation between the Fund and such organizations and entities each party shall respect the autonomy of the other.”. IN CHAPTER VII. WITHDRAWAL AND SUSPENSION OF MEMBERSHIP: Article 30, presently reading as follows: “Article 30 WITHDRAWAL OF MEMBERS A Member may at any time, except as provided for in article 35, paragraph 2 (b), and subject to the provisions of article 32, withdraw from the Fund by transmitting a notice in writing to the Fund. Such withdrawal shall become effective on the date specified on the notice, which shall be not less than twelve months after receipt of the notice by the Fund.”, “Article 30 WITHDRAWAL OF MEMBERS A Member may at any time, except as provided for in article 34, paragraph 2, and subject to the provisions of article 32, withdraw from the Fund by transmitting a notice in writing to the Fund. Such withdrawal shall become effective on the date specified on the notice, which shall be not less than twelve months after receipt of the notice by the Fund.”. Article 31, presently reading as follows: “Article 31 SUSPENSION OF MEMBERSHIP

If a Member fails to fulfil any of its financial obligations to the Fund, the Governing Council may, except as provided for in article 35, paragraph 2 (b), by a Qualified Majority, suspend its membership. The Member so suspended shall automatically cease to be a Member one year from the date of its suspension, unless the Governing Council decides to extend the suspension for a further period of one year.

When the Governing Council is satisfied that the suspended Member has fulfilled its financial obligations to the Fund, the Council shall restore the Member to good standing.

While under suspension, a Member shall not be entitled to exercise any rights under this Agreement, except the right of withdrawal and to arbitration during the termination of the Fund's operations, but shall remain subject to compliance with all its obligations under this Agreement.”, “Article 31 SUSPENSION OF MEMBERSHIP

If a Member fails to fulfil any of its financial obligations to the Fund, the Governing Council may, except as provided for in article 34, paragraph 2, by a Qualified Majority, suspend its membership. The Member so suspended shall automatically cease to be a Member one year from the date of its suspension, unless the Governing Council decides to extend the suspension for a further period of one year.

When the Governing Council is satisfied that the suspended Member has fulfilled its financial obligations to the Fund, the Council shall restore the Member to good standing.

When a Member ceases to be a Member, it shall remain liable thereafter to meet all calls made by the Fund before, and payments outstanding as of, the date on which it ceased to be a Member in respect of its obligations to the Fund. It shall also remain liable to meet its obligations in respect of its Guarantee Capital, until arrangements satisfactory to the Fund have been made which comply with article 14, paragraphs 4 to 7. Each Association Agreement shall provide that, if a participant in the respective Associated ICO ceases to be a Member, the Associated ICO shall ensure that such arrangements are completed not later than the date on which the Member ceases to be a Member.

When a Member ceases to be a Member, the Fund shall arrange for the repurchase of its Shares consistent with article 16, paragraphs 2 and 3, as a part of the settlement of accounts with that Member, and shall cancel its Guarantee Capital provided that the obligations and requirements specified in paragraph 1 of this article have been met. The repurchase price of the Shares shall be the value shown by the books of the Fund as at the date the Member ceases to be a Member; provided that any amount thus due to the Member may be applied by the Fund to any liability outstanding to the Fund from that Member pursuant to paragraph 1 of this article.”, SETTLEMENT OF ACCOUNTS

When a Member ceases to be a Member, the Fund shall arrange for the repurchase of its Shares consistent with article 16, paragraphs 2 and 3, as a part of the settlement of accounts with that Member. The repurchase price of the Shares shall be the United States dollar value shown by the books of the Fund as at the date the Member ceases to be a Member; provided that any amount thus due to the Member may be applied by the Fund to any liability outstanding to the Fund from that Member pursuant to paragraph 1 of this article.”. Article 33, presently reading as follows: “Article 33 WITHDRAWAL OF ASSOCIATED ICOS

An Associated ICO may, subject to the terms and conditions of the Association Agreement, withdraw from association with the Fund, provided that such Associated ICO shall repay all outstanding loans received from the remain liable thereafter only to meet calls made by the Fund before that date in respect of their obligations to the Fund.

When an Associated ICO ceases to be associated with the Fund, the Fund shall, after the fulfilment of the obligations specified in paragraph 1 of this article: (a) Arrange for the refund of any cash deposit and for the return of any Stock Warrants it holds for the account of that Associated ICO; (b) Arrange for the refund of any cash deposited in lieu of Guarantee Capital, and cancel relevant Guarantee Capital and Guarantees.”, IN CHAPTER VIII. SUSPENSION AND TERMINATION OF OPERATIONS AND SETTLEMENT OF OBLIGATIONS: Article 34, presently reading as follows: “Article 34 TEMPORARY SUSPENSION OF OPERATIONS In an emergency, the Executive Board may temporarily suspend such of the Fund's operations as it considers necessary pending an opportunity for further consideration and action by the Governing Council.", shall be renumbered Article 33 and amended so as to read: “Article 33 TEMPORARY SUSPENSION OF OPERATIONS In an emergency, the Executive Board may temporarily suspend such of the Fund's operations as it considers necessary pending an opportunity for further consideration and action by the Governing Council.”. Article 35, presently reading as follows: “Article 35 TERMINATION OF OPERATIONS

The Governing Council may terminate the Fund's operations by a decision taken by a vote of two thirds of the total number of Governors holding not less than three fourths of the total voting power. Upon such termination, the Fund shall forthwith cease all activities, except those necessary for the orderly realization and conservation of its assets and the settlement of its outstanding obligations.

Until final settlement of its obligations and final distribution of its assets, the Fund shall remain in existence, and all rights and obligations of the Fund and its Members under this Agreement shall continue unimpaired, except that: (a) The Fund shall not be obliged to provide for withdrawal on demand of Associated ICO deposits in 17, paragraph 10 (b); (b) No Member may withdraw or be suspended after the decision to terminate has been taken.", shall be renumbered Article 34 and amended so as to read: “Article 34 TERMINATION OF OPERATIONS

Until final settlement of its obligations and final distribution of its assets, the Fund shall remain in existence, and all rights and obligations of the Fund and its Members under this Agreement shall continue unimpaired, except that no Member may withdraw or be suspended after the decision to terminate has been taken.”. Article 36, presently reading as follows: “Article 36 SETTLEMENT OF OBLIGATIONS: GENERAL PROVISIONS

The Executive Board shall make such arrangements as are necessary to ensure the orderly realization of the Fund's assets. Before making any payments to creditors holding direct claims, the Executive Board shall, by a Qualified Majority, make such reserves or arrangements as are necessary, in its sole judgement, to ensure a distribution to holders of contingent claims pro rata with creditors holding direct claims.

No distribution of assets shall be made in accordance with this chapter until: (a) All liabilities of the Account in question have been discharged or provided for; and (b) The Governing Council has decided to make a distribution by a Qualified Majority.

Following a decision of the Governing Council under paragraph 2 (b) of this article, the Executive Board shall make successive distributions of any remaining assets of the Account in question until all such assets have been distributed. Such distribution to any Member or any participant in an Associated ICO which is not a Member shall be subject to the prior settlement of all outstanding claims of the Fund against that Member or participant and shall be effected at such times and in such currencies or other assets as the Governing Council shall deem fair and equitable.", shall be renumbered Article 35 and amended so as to read: “Article 35 SETTLEMENT OF OBLIGATIONS: GENERAL PROVISIONS

The Executive Board shall make such arrangements as are necessary to ensure the orderly realization of the Qualified Majority, make such reserves or arrangements as are necessary, in its sole judgement, to ensure a distribution to holders of contingent claims pro rata with creditors holding direct claims.

Following a decision of the Governing Council under paragraph 2 (b) of this article, the Executive Board shall make successive distributions of any remaining assets of the Account in question until all such assets have been distributed.” Article 37, presently reading as follows: “Article 37 SETTLEMENT OF OBLIGATIONS: FIRST ACCOUNT “Article 37 - Settlement of Obligations: First Account

Any loans outstanding to Associated ICOs in respect of First Account operations at the time of a decision to terminate the Fund's operations shall be repaid by the Associated ICOs concerned within 12 months of the decision to terminate. On repayment of such loans, Stock Warrants pledged to, or assigned in trust for, the Fund in respect of those loans shall be returned to the Associated ICOs.

Stock Warrants pledged to, or assigned in trust for, the Fund in respect of commodities acquired with cash deposits of Associated ICOs shall be returned to such Associated ICOs in a manner consistent with the treatment of cash deposits and surpluses specified in paragraph 3 (b) of this article, to the extent that such Associated ICOs have fully discharged their obligations to the Fund.

The following liabilities incurred by the Fund in respect of First Account operations shall be discharged pari passu through the use of the assets of the First Account, in accordance with article 17, paragraphs 12 to 14: (a) Liabilities to creditors of the Fund; and (b) Liabilities to Associated ICOs in respect of cash deposits and surpluses held in the Fund in accordance with article 14, paragraphs 1, 2, 3 and 8, to the extent that such Associated ICOs have fully discharged their obligations to the Fund.

Distribution of any remaining assets of the First Account shall be made on the following basis and in the following order: (a) Amounts up to the value of any Capital called from and paid by Members in accordance with article 17, paragraphs 12 (d) and 13, shall be distributed to such Members pro rata to their shares in the total value of such Guarantee Capital called and paid; (b) Amounts up to the value of any Guarantees called from and paid by participants in Associated ICOs which are not Members in accordance with article 17, paragraphs 12 (d) and 13, shall be distributed to such participants pro rata to their shares in the total value of such Guarantees called and paid.

Distribution of any assets of the First Account remaining after the distributions provided for in paragraph Capital allocated to the First Account.", shall be renumbered Article 36 and amended so as to read: “Article 36 SETTLEMENT OF OBLIGATIONS: CAPITAL ACCOUNT

Liabilities to creditors of the Fund shall be discharged pari passu through the use of the assets of the Capital Account.

Distribution of any assets of the Capital Account remaining after the distributions provided for in paragraph 1 of this article shall be made to Members pro rata to their subscriptions of Shares of Capital allocated to the Capital Account.”. Article 38, presently reading as follows: “Article 38 SETTLEMENT OF OBLIGATIONS: SECOND ACCOUNT

Liabilities incurred by the Fund in respect of Second Account operations shall be discharged through the use of the resources of the Second Account, pursuant to article 18, paragraph 4

Distribution of any remaining assets of the Second Account shall be made first to Members up to the value of their subscriptions of Shares of Directly Contributed Capital allocated to that Account pursuant to article 10, paragraph 3, and then to contributors to that Account pro rata to their share in the total amount contributed pursuant to article 13.", shall be renumbered Article 37 and amended so as to read: “Article 37 SETTLEMENT OF OBLIGATIONS: OPERATIONS ACCOUNT

Liabilities incurred by the Fund in respect of Operations Account activities shall be discharged through the use of the resources of the Operations Account.

Distribution of any remaining assets of the Operations Account shall be made first to Members up to the value of their subscriptions of Shares of Capital allocated to that Account pursuant to article 9, paragraph 3, and then to contributors to that Account pro rata to their share in the total amount contributed pursuant to article 12.”. Article 39, presently reading as follows: “Article 39 SETTLEMENT OF OBLIGATIONS: OTHER ASSETS OF THE FUND

Any other asset shall be realized at a time or times to be decided by the Governing Council, in the light of recommendations made by the Executive Board and in accordance with procedures determined by the Executive Board by a Qualified Majority.

Proceeds realized by the sale of such assets shall be used to discharge pro rata the liabilities referred to in and in the order specified in article 37, paragraph 4, and then to Members pro rata to their subscriptions of Shares of Directly Contributed Capital.", shall be renumbered Article 38 and amended so as to read: “Article 38 SETTLEMENT OF OBLIGATIONS: OTHER ASSETS OF THE FUND

Proceeds realized by the sale of such assets shall be used to discharge pro rata the liabilities referred to in article 36, paragraph 1, and article 37, paragraph 1. Any remaining assets shall be distributed to Members pro rata to their subscriptions of Shares of Capital.”. IN CHAPTER IX. STATUS, PRIVILEGES AND IMMUNITIES: Article 40, presently reading as follows: PURPOSES To enable the Fund to fulfil the functions with which it is entrusted, the status, privileges and immunities set forth in this chapter shall be accorded to the Fund in the territory of each Member.", shall be renumbered Article 39 hence so as to read: “Article 39 PURPOSES To enable the Fund to fulfil the functions with which it is entrusted, the status, privileges and immunities set forth in this chapter shall be accorded to the Fund in the territory of each Member.”. Article 41, presently reading as follows: “Article 41 LEGAL STATUS OF THE FUND The Fund shall possess full juridical personality, and, in particular, the capacity to conclude international agreements with States and international organizations, to enter into contracts, to acquire and dispose of immovable and movable property, and to institute legal proceedings.", shall be renumbered Article 40 hence so as to read: LEGAL STATUS OF THE FUND The Fund shall possess full juridical personality, and, in particular, the capacity to conclude international agreements with States and international organizations, to enter into contracts, to acquire and dispose of immovable and movable property, and to institute legal proceedings.” Article 42, presently reading as follows: “Article 42 IMMUNITY FROMJURIDICAL PROCEEDINGS

The Fund shall enjoy immunity from every form of legal process, except for actions which may be brought against the Fund: (a) By lenders of funds borrowed by the Fund with respect to such funds; (b) By buyers or holders of securities issued by the Fund with respect to such securities; and (c) By assignees and successors in interest thereof with respect to the aforementioned transactions. Such actions may be brought only before courts of competent jurisdiction in places in which the Fund has agreed in writing with the other party to be subject. However, if no provision is made as to the forum, or if an agreement as to the jurisdiction of such courts is not effective for reasons other than the fault of the party bringing legal action against the Fund, then such action may be brought before a competent court in the place in which the Fund has its headquarters or has appointed an agent for the purpose of accepting service or notice of process.

No action shall be brought against the Fund by Members, Associated ICOs, ICBs, or their participants, or persons acting for or deriving claims from them, except in cases as in paragraph 1 of this article. Nevertheless, Associated ICOs, ICBs, or their participants shall have recourse to such special procedures to settle controversies between themselves and the Fund as may be prescribed in agreements with the Fund, and, in the case of Members, in this Agreement and in any rules and regulations adopted by the Fund.

No action shall be brought against the Fund by Members, except in cases as in paragraph 1 of this article. Nevertheless, Members shall have recourse to such special procedures to settle controversies between themselves and the Fund as may be prescribed in this Agreement and in any rules and regulations adopted by the Fund.

Notwithstanding the provisions of paragraph 1 of this article, property and assets of the Fund, wherever located and by whomsoever held, shall be immune from search, any form of taking, foreclosure, seizure, all forms of attachment, injunction, or other judicial process impeding disbursement of funds and any other interlocutory measures before the delivery of a final judgement against the Fund by a court having jurisdiction in accordance with paragraph 1 of this article. The Fund may agree with its creditors to limit the property or assets of the Fund which may be subject to execution in satisfaction of a final judgement.”. Article 43, presently reading as follows: “Article 43 IMMUNITY OF ASSETS FROM OTHER ACTIONS The property and assets of the Fund, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation and any other form of interference or taking whether by executive or legislative action.", shall be renumbered Article 42 hence so as to read: “Article 42 IMMUNITY OF ASSETS FROM OTHER ACTIONS The property and assets of the Fund, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation and any other form of interference or taking whether by executive or legislative action.” “Article 44 IMMUNITY OF ARCHIVES The archives of the Fund, wherever located, shall be inviolable.", shall be renumbered Article 43 hence so as to read: “Article 43 IMMUNITY OF ARCHIVES The archives of the Fund, wherever located, shall be inviolable.”. Article 45, presently reading as follows: “Article 45 FREEDOM OF ASSETS FROM RESTRICTIONS To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of this Agreement, all property and assets of the Fund shall be free from restrictions, regulations, controls, and moratoria of any nature.", shall be renumbered Article 44 hence so as to read: “Article 44 FREEDOM OF ASSETS FROM RESTRICTIONS To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of this Agreement, all property and assets of the Fund shall be free from restrictions, regulations, controls, and moratoria of any nature.”. Article 46, presently reading as follows: “Article 46 PRIVILEGE FOR COMMUNICATIONS As far as may be compatible with any international convention on telecommunications in force and concluded under the auspices of the International Telecommunication Union to which a Member is a party, the official communications of the Fund shall be accorded by each Member the same treatment that is accorded to the official communications of other Members.", “Article 45 PRIVILEGE FOR COMMUNICATIONS As far as may be compatible with any international convention on telecommunications in force and concluded under the auspices of the International Telecommunication Union to which a Member is a party, the official communications of the Fund shall be accorded by each Member the same treatment that is accorded to the official communications of other Members.”. Article 47, presently reading as follows: “Article 47 IMMUNITIES AND PRIVILEGES OF SPECIFIED INDIVIDUALS All Governors, Executive Directors, their alternates, the Managing Director, members of the Consultative Committee, experts performing missions for the Fund, and the staff, other than persons in domestic service of the Fund: (a) Shall be immune from legal process with respect to acts performed by them in their official capacity except when the Fund waives such immunity; (b) When they are not nationals of the Member concerned, shall be accorded, as well as their families forming part of their household, the same immunities from immigration restrictions, alien registration requirements and national service obligations and the same facilities as regards exchange restrictions as are accorded by such Member to the representatives, officials and employees of comparable rank of other international financial institutions of which it is a member; (c) Shall be granted the same treatment in respect of travelling facilities as is accorded by each Member to representatives, officials and employees of comparable rank of other institutional financial institutions of which it is a member.", shall be renumbered Article 46 hence so as to read: “Article 46 IMMUNITIES AND PRIVILEGES OF SPECIFIED INDIVIDUALS All Governors, Executive Directors, their alternates, the Managing Director, members of the Consultative Committee, experts performing missions for the Fund, and the staff, other than persons in domestic service of the Fund: (a) Shall be immune from legal process with respect to acts performed by them in their official capacity except when the Fund waives such immunity; forming part of their household, the same immunities from immigration restrictions, alien registration requirements and national service obligations and the same facilities as regards exchange restrictions as are accorded by such Member to the representatives, officials and employees of comparable rank of other international financial institutions of which it is a member; (c) Shall be granted the same treatment in respect of travelling facilities as is accorded by each Member to representatives, officials and employees of comparable rank of other international financial institutions of which it is a member.”. Article 48, presently reading as follows: “Article 48 IMMUNITIES FROM TAXATION

Within the scope of its official activities, the Fund, its assets, property, income and its operations and transactions authorized by this Agreement shall be exempt from all direct taxation and from all customs duties on goods imported or exported for its official use, provided that this shall not prevent any Member from imposing its normal taxes and customs duties on commodities which originate from the territory of such Member and which are forfeited to the Fund through any circumstance. The Fund shall not claim exemption from taxes which are no more than charges for services rendered.

When purchases of goods or services of substantial value necessary for the official activities of the Fund are made by or on behalf of the Fund, and when the price of such purchases includes taxes or duties, appropriate measures shall, to the extent possible and subject to the law of the Member concerned, be taken by such Member to grant exemption from such taxes or duties or provide for their reimbursement. Goods imported or purchased under an exemption provided for in this article shall not be sold or otherwise disposed of in the territory of the Member which granted the exemption, except under conditions agreed with that Member.

No taxation of any kind shall be levied on any obligation or security issued or guaranteed by the Fund, including any dividend or interest thereon, by whomsoever held: (a) Which discriminates against such obligation or security solely because it is issued or guaranteed by the Fund; or (b) If the sole jurisdictional basis for such taxation is the place or currency in which it is issued, made payable or shall be renumbered Article 47 and amended so as to read: “Article 47 IMMUNITIES FROM TAXATION

No tax shall be levied by Members on or in respect of salaries and emoluments paid or any other form of payment made by the Fund to Governors, Executive Directors, their alternates, members of the Consultative Committee, the Managing Director and staff, as well as experts performing missions for the Fund, who are not their citizens, nationals or subjects. For the purpose of this article 47, paragraph 3 any person who by virtue of domicile or habitual abode is subject to the taxation laws of a Member shall be regarded as a subject of the Member concerned.

No taxation of any kind shall be levied on any obligation or security issued or guaranteed by the Fund, including any dividend or interest thereon, by whomsoever held: (a) Which discriminates against such obligation or security solely because it is issued or guaranteed by the Fund; or (b) 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 Fund.”. Article 49, presently reading as follows: “Article 49 WAIVER OF IMMUNITIES, EXEMPTIONS AND PRIVILEGES

The immunities, exemptions and privileges provided in this chapter are granted in the interests of the Fund. The Fund may waive, to such extent and upon such conditions as it may determine, the immunities, exemptions and privileges provided in this chapter in cases where its action would not prejudice the interests of the Fund.

The Managing Director shall have the power, as may be delegated to him by the Governing Council, and the duty to waive the immunity of any of the staff, and experts performing missions for the Fund, in cases where the shall be renumbered Article 48 hence so as to read: “Article 48 WAIVER OF IMMUNITIES, EXEMPTIONS AND PRIVILEGES “ARTICLE 48 – WAIVER OF IMMUNITIES, EXEMPTIONS AND PRIVILEGES

The Managing Director shall have the power, as may be delegated to him by the Governing Council, and the duty to waive the immunity of any of the staff, and experts performing missions for the Fund, in cases where the immunity would impede the course of justice and can be waived without prejudice to the interests of the Fund.”. IN CHAPTER X. AMENDMENTS: Article 51, presently reading as follows: “Article 51 AMENDMENTS

(a) Any proposal to amend this Agreement emanating from a Member shall be notified to all Members by the Managing Director and referred to the Executive Board, which shall submit its recommendations thereon to the Governing Council. (b) Any proposal to amend this Agreement emanating from the Executive Board shall be notified to all Members by the Managing Director and referred to the Governing Council.

Amendments shall be adopted by the Governing Council by a Highly Qualified Majority. Amendments shall enter into force six months after their adoption unless otherwise specified by the Governing Council.

Notwithstanding paragraph 2 of this article, any amendment modifying: (a) The right of any Member to withdraw from the Fund; (b) Any voting majority requirement provided for in this Agreement; (c) The limitation on liability provided in article 6; (d) The right to subscribe or not to subscribe Shares of Directly Contributed Capital pursuant to article 9, paragraph 5; (e) The procedure for amending this Agreement; shall not come into force until accepted by all Members. Acceptance shall be deemed to have been given unless any Member notifies its objection to the Managing Director in writing within six months after the adoption of the amendment. Such period of time may be extended by the Governing Council at the time of the adoption of the amendment, at the request of any Member.

The Managing Director shall immediately notify all Members and the Depositary of any amendments that shall be renumbered Article 50 and amended so as to read: “Article 50 AMENDMENTS

Amendments shall be adopted by the Governing Council by a Highly Qualified Majority, but shall not come into force until accepted by all Members. Acceptance shall be deemed to have been given unless any Member notifies its objection to the Managing Director in writing within six months after the adoption of the amendment. Such period of time may be extended by the Governing Council at the time of the adoption of the amendment, at the request of any Member.

The Managing Director shall immediately notify all Members and the Depositary of any amendments that are adopted and of the date of the entry into force of any such amendments.” IN CHAPTER XI. INTERPRETATION AND ARBITRATION: Article 52, presently reading as follows: “Article 52 INTERPRETATION

Any question of interpretation or application of the provisions of this Agreement arising between any Member and the Fund or between Members shall be submitted to the Executive Board for decision. Such Member or Members shall be entitled to participate in the deliberations of the Executive Board during the consideration of such question in accordance with rules and regulations to be adopted by the Governing Council.

In any case where the Executive Board has given a decision under paragraph 1 of this article, any Member may require, within three months from the date of notification of the decision, that the question be referred to the Governing Council, which shall take a decision at its next meeting by a Highly Qualified Majority. The decision of the Governing Council shall be final.

Where the Governing Council has been unable to reach a decision under paragraph 2 of this article, the question shall be submitted to arbitration in accordance with the procedures laid down in article 53, paragraph 2, if any Member so requests within three months after the final day of consideration of the question by the Governing shall be renumbered Article 51 and amended so as to read: “Article 51 INTERPRETATION

Where the Governing Council has been unable to reach a decision under paragraph 2 of this article, the question shall be submitted to arbitration in accordance with the procedures laid down in article 52, paragraph 2, if any Member so requests within three months after the final day of consideration of the question by the Governing Council.”. Article 53, presently reading as follows: “Article 53 ARBITRATION

Any dispute between the Fund and any Member which has withdrawn, or between the Fund and any Member during the termination of the Fund's operations, shall be submitted to arbitration.

The arbitral tribunal shall consist of three arbitrators. Each party to the dispute shall appoint one arbitrator. The two arbitrators so appointed shall appoint the third arbitrator, who shall be the Chairman. If within 45 days of receipt of the request for arbitration either party has not appointed an arbitrator, or if within 30 days of the appointment of the two arbitrators the third arbitrator has not been appointed, either party may request the President of the International Court of Justice, or such other authority as may have been prescribed by rules and regulations adopted by the Governing Council, to appoint an arbitrator. If the President of the International Court of Justice has been requested under this paragraph to appoint an arbitrator and if the President is a national of a State party to the dispute or is unable to discharge his duties, the authority to appoint the arbitrator shall devolve on the Vice President of the Court, or, if he is similarly precluded, on the oldest among the members of the Court not so precluded who have been longest on the bench. The procedure of arbitration shall be fixed by the arbitrators respect thereto. A majority vote of the arbitrators shall be sufficient to reach a decision, which shall be final and binding upon the parties.

Unless a different procedure for arbitration is provided for in an Association Agreement, any dispute between the Fund and the Associated ICO shall be subject to arbitration in accordance with the procedures provided for in paragraph 2 of this article.”, shall be renumbered Article 52 and amended so as to read: “Article 52 ARBITRATION

Any dispute between the Fund and any Member which has withdrawn, or between the Fund and any Member during the termination of the Fund's operations, shall be submitted to arbitration.

The arbitral tribunal shall consist of three arbitrators. Each party to the dispute shall appoint one arbitrator. The two arbitrators so appointed shall appoint the third arbitrator, who shall be the Chairman. If within 45 days of receipt of the request for arbitration either party has not appointed an arbitrator, or if within 30 days of the appointment of the two arbitrators the third arbitrator has not been appointed, either party may request the President of the International Court of Justice, or such other authority as may have been prescribed by rules and regulations adopted by the Governing Council, to appoint an arbitrator. If the President of the International Court of Justice has been requested under this paragraph to appoint an arbitrator and if the President is a national of a State party to the dispute or is unable to discharge his duties, the authority to appoint the arbitrator shall devolve on the Vice-President of the Court, or, if he is similarly precluded, on the oldest among the members of the Court not so precluded who have been longest on the bench. The procedure of arbitration shall be fixed by the arbitrators but the Chairman shall have full power to settle all questions of procedure in any case of disagreement with respect thereto. A majority vote of the arbitrators shall be sufficient to reach a decision, which shall be final and binding upon the parties.”. IN CHAPTER XII. FINAL PROVISIONS: Article 54, presently reading as follows: “Article 54 SIGNATURE AND RATIFICATION, ACCEPTANCE OR APPROVAL

This Agreement shall be open for signature by all States listed in schedule A, and by intergovernmental organizations specified in article 4 (b), at United Nations Headquarters in New York from 1 October 1980 until one year after the date of its entry into force.

Any signatory State or signatory intergovernmental organization may become a party to this Agreement by depositing an instrument of ratification, acceptance or approval until 18 months after the date of its entry into force. A new Article 54 shall be introduced, reading as follows: “Article 54 PERIODIC REVIEW OF THE AGREEMENT The Governing Council shall every ten years, first time in 2024, review this Agreement and in light of any such review take any action the Governing Council may deem appropriate. ”. Article 55, presently reading as follows: “Article 55 DEPOSITARY The Secretary-General of the United Nations shall be the Depositary of this Agreement. “Article 55 DEPOSITARY The Secretary-General of the United Nations is the Depositary of this Agreement.”. Article 56, presently reading as follows: “Article 56 ACCESSION After the entry into force of this Agreement, any State or intergovernmental organization specified in article 4 may accede to this Agreement upon such terms and conditions as are agreed between the Governing Council and that State or intergovernmental organization. Accession shall be effected by the deposit of an instrument of accession with the Depositary. “Article 56 ACCESSION

Any State or intergovernmental organization specified in article 4 may accede to this Agreement upon such terms and conditions as are agreed between the Governing Council and that State or intergovernmental organization. Accession shall be effected by the deposit of an instrument of accession with the Depositary.

For any State or intergovernmental organization that deposits an instrument of accession, this Agreement Article 57, presently reading as follows: “Article 57 ENTRY INTO FORCE

This Agreement shall enter into force upon receipt by the Depositary of instruments of ratification, acceptance or approval from at least 90 States, provided that their total subscriptions of Shares of Directly Contributed Capital comprise not less than two thirds of the total subscriptions of Shares of Directly Contributed Capital allocated to all the States specified in schedule A and that not less than 50 per cent of the target for pledges of voluntary contributions to the Second Account specified in article 13, paragraph 2, has been met, and further provided that the foregoing requirements have been fulfilled by 31 March 1982 or by such later date as the States that have deposited such instruments by the end of that period may decide by a two-thirds majority vote of those States. If the foregoing requirements have not been fulfilled by that later date, the States that have deposited such instruments by that later date may decide by a two-thirds majority vote of those States on a subsequent date. The States concerned shall notify the Depositary of any decisions taken under this paragraph.

For any State or intergovernmental organization that deposits an instrument of ratification, acceptance or approval after the entry into force of this Agreement, and for any State or intergovernmental organization that deposits an instrument of accession, this Agreement shall enter into force on the date of such deposit.", shall be renumbered as Article 53 and amended so as to read: “Article 53 ENTRY INTO FORCE This Agreement entered into force on 19 June 1989 and was amended by the Governing Council on […………………].". Article 58, presently reading as follows: RESERVATIONS Reservations may not be made with respect to any of the provisions of this Agreement, except with respect to article 53.",, shall be renumbered Article 57 and amended so as to read: “Article 57 RESERVATIONS Reservations may not be made with respect to any of the provisions of this Agreement, except with respect to article 52.”. A new Article 58 shall be introduced, reading as follows: LANGUAGES This Agreement is made in English, French, Russian, Spanish, Chinese and Arabic languages which are equally authentic and have the same force. ”. IN THE SCHEDULES : “SCHEDULE B Special arrangements for the least developed countries pursuant to article 11, paragraph 6

Members in the category of least developed countries as defined by the United Nations shall pay the Paidin Shares referred to in article 10, paragraph 1 (b), in the following manner: (a) A payment of 30 per cent shall be made in three equal instalments over a period of three years; (b) A subsequent payment of 30 per cent shall be made in instalments as and when decided by the Executive Board; (c) After payment of (a) and (b) above, the remaining 40 per cent shall be evidenced by members by the deposit of irrevocable, non-negotiable non-interest-bearing promissory notes, and shall be paid as and when decided by the Executive Board.

Notwithstanding the provisions of article 31, a least developed country shall not be suspended from its membership for its failure to fulfil the financial obligations referred to in paragraph 1 of this schedule without being given the full opportunity to represent its case, within a reasonable period of time, and satisfy the Governing Council of its inability to fulfil such obligations.", "SCHEDULE B Special arrangements for the least developed countries, pursuant to article 10, paragraph 5

Members in the category of least developed countries as defined by the United Nations shall pay the Shares referred to in article 9, paragraph 1 (b), in the following manner: (a) A payment of 30 per cent shall be made in three equal instalments over a period of three years; (b) A subsequent payment of 30 per cent shall be made in instalments as and when decided by the Executive Board; (c) After payment of (a) and (b) above, the remaining 40 per cent shall be evidenced by members by the deposit of irrevocable, non-negotiable non-interest-bearing promissory notes, and shall be paid as and when decided by the Executive Board.

Notwithstanding the provisions of article 31, a least developed country shall not be suspended from its membership for its failure to fulfil the financial obligations referred to in paragraph 1 of this schedule without being given the full opportunity to represent its case, within a reasonable period of time, and satisfy the Governing Council of its inability to fulfil such obligations.". SCHEDULE C, presently reading as follows: “SCHEDULE C Eligibility criteria for ICBs

An ICB shall be established on an intergovernmental basis, with membership open to all States Members of the United Nations or of any of its specialized agencies or of the International Atomic Energy Agency.

It shall be concerned on a continuing basis with the trade, production and consumption aspects of the commodity in question. and of imports of the commodity concerned.

It shall have an effective decision-making process that reflects the interests of its participants.

It shall be in a position to adopt a suitable method for ensuring the proper discharge of any technical or other responsibilities arising from its association with the activities of the Second Account.", "SCHEDULE C Eligibility criteria for ICBs

It shall be concerned on a continuing basis with the trade, production and consumption aspects of the commodity in question. and of imports of the commodity concerned.

It shall have an effective decision-making process that reflects the interests of its participants.

It shall be in a position to adopt a suitable method for ensuring the proper discharge of any technical or other responsibilities arising from its association with the activities of the Operations Account.". SCHEDULE D, presently reading as follows: “SCHEDULE D Allocation of votes

Each Member State referred to in article 5 (a) shall hold: (a) 150 basic votes; (b) The number of votes allocated to it in respect of Shares of Directly Contributed Capital which it has subscribed, as set out in the annex to this schedule; (c) One vote for each 37,832 Units of Account of Guarantee Capital provided by it; (d) Any votes allocated to it in accordance with paragraph 3 of this schedule.

Each Member State referred to in article 5 (b) shall hold: (a) 150 basic votes; (b) A number of votes in respect of Shares of Directly Contributed Capital which it has subscribed, to be determined by the Governing Council by a Qualified Majority on a basis consistent with the allocation of votes provided for in the annex to this schedule; (c) One vote for each 37,832 Units of Account of Guarantee Capital provided by it; (d) Any votes allocated to it in accordance with paragraph 3 of this schedule.

In the event of unsubscribed or additional Shares of Directly Contributed Capital being made available for subscription in accordance with article 9, paragraph 4 (b) and (c), and article 12, paragraph 3, two additional votes shall be allocated to each Member State for each additional Share of Directly Contributed Capital which it subscribes. structure is significantly different from that provided for in the annex to this schedule, shall make any necessary adjustments in accordance with the fundamental principles governing the distribution of votes reflected in this schedule. In making such adjustments, the Governing Council shall take into consideration: (a) The membership; (b) The number of Shares of Directly Contributed Capital; (c) The amount of Guarantee Capital.

Adjustments in the distribution of votes pursuant to paragraph 4 of this schedule shall be made in accordance with rules and regulations to be adopted for this purpose by the Governing Council at its first annual meeting by a Highly Qualified Majority.” "SCHEDULE D Allocation of votes

Each Member State referred to in article 5 (a) shall hold: (a) 150 basic votes; (b) The number of votes allocated to it in respect of Shares of Capital which it has subscribed, as set out in the annex to this schedule; (c) Any votes allocated to it in accordance with paragraph 3 of this schedule.

Each Member State referred to in article 5 (b) shall hold: (a) 150 basic votes; (b) A number of votes in respect of Shares of Capital which it has subscribed, to be determined by the Governing Council by a Qualified Majority on a basis consistent with the allocation of votes provided for in the annex to this schedule; (c) Any votes allocated to it in accordance with paragraph 3 of this schedule.

In the event of unsubscribed or additional Shares of Capital being made available for subscription in accordance with article 8, paragraph 3 (b) and article 11, paragraph 2, two additional votes shall be allocated to each Member State for each additional Share of Capital which it subscribes structure is significantly different from that provided for in the annex to this schedule, shall make any necessary adjustments in accordance with the fundamental principles governing the distribution of votes reflected in this schedule. In making such adjustments, the Governing Council shall take into consideration: (a) The membership; (b) The number of Shares of Capital.". “SCHEDULE E Election of Executive Directors

The Executive Directors and their alternates shall be elected by ballot of the Governors.

Balloting shall be for candidatures. Each candidature shall comprise a person nominated by a Member for Executive Director and a person nominated by the same Member or another Member for alternate. The two persons forming each candidature need not be of the same nationality.

Each Governor shall cast for one candidature all of the votes to which the Member which appointed that Governor is entitled under schedule D.

The 28 candidatures receiving the greatest number of votes shall be elected, provided that no candidature has received less than 2.5 per cent of the total voting power.

If 28 candidatures are not elected on the first ballot, a second ballot shall be held in which shall vote only: (a) Those Governors who voted in the first ballot for a candidature not elected (b) Those Governors whose votes for an elected candidature are deemed under paragraph 6 of this schedule to have raised the votes cast for that candidature above 3.5 per cent of the total voting power.

In determining whether the votes cast by a Governor are to be deemed to have raised the total of any candidature above 3.5 per cent of the total voting power, the percentage shall be deemed to exclude, first, the votes of the Governor casting the smallest number of votes for that candidature, then the votes of the Governor casting the second smallest number of votes, and so on until 3.5 per cent, or a figure below 3.5 per cent but above 2.5 per cent, is reached; except that any Governor whose votes must be counted in order to raise the total of any candidature above 2.5 per cent shall be considered as casting all of his votes for that candidature, even if the total votes for that candidature thereby exceed 3.5 per cent.

If, on any ballot, two or more Governors holding an equal number of votes have voted for the same candidature and the votes of one or more, but not all, of such Governors could be deemed to have raised the total votes above 3.5 per cent of the total voting power, whoever among them shall be entitled to vote on the next ballot, if a next ballot is required, shall be determined by lot.

For determining whether a candidature is elected at the second ballot, and who are the Governors whose votes shall be deemed to have elected that candidature the minimum and maximum percentages specified in paragraphs 4 and 5 (b) of this schedule and the procedures described in paragraph 6 and 7 of this schedule shall apply. principles until 27 candidatures have been elected. After this, the twenty eighth candidature shall be elected by a simple majority of the remaining votes.

10.

In the event that a Governor votes for an unsuccessful candidature in the last ballot held, that Governor may designate a successful candidature, if the latter agrees, to represent in the Executive Board the Member which appointed that Governor. In this case, the ceiling of 3.5 per cent specified in paragraph 5 (b) of this schedule shall not apply to the candidature so designated.

11.

When a State accedes to this Agreement in the interval between elections of the Executive Directors, it may designate any of the Executive Directors, if the latter agrees, to represent it in the Executive Board. In this case, the ceiling of 3.5 per cent specified in paragraph 5 (b) of this schedule shall not apply.", "SCHEDULE E Election of Executive Directors

For the purpose of this schedule: “Candidature” means any two persons nominated by a Constituency; one for a post as Executive Director and one for his or her alternate. “Constituency” means, as the context may require: (a) any singular Member holding a number of Votes equal to or exceeding a given number to be determined by the Governing Council at any time; and/or (b) any group of Members holding among them a number of Votes which falls between the number determined by the Governing Council under subparagraph (a), and a lower number to be determined by the Governing Council at any time. “Votes” means votes as allocated to the respective Members pursuant to schedule D.

The Executive Directors and their alternates shall be elected by the Governing Council by endorsement of Candidatures submitted by the respective Constituencies. The two persons forming each Candidature need not be of the same nationality.

At each meeting of the Governing Council where elections for Executive Directors are to be held, each Constituency shall present one Candidature. In the case that the Governing Council should not endorse a Candidature, the Constituency concerned shall be entitled to submit up to three further Candidatures at the relevant meeting of the Governing Council.

Always subject to the provisions of paragraph 1 of this schedule, any group of Members may at their discretion establish a Constituency. The terms for co-operation, decision-making and nomination of candidatures within each Consistency shall be determined by the Members concerned at their discretion.

The Governing Council may at any time with a Highly Qualified Majority amend all or any of the numbers of Votes referred to in paragraph 1 of this schedule.". SCHEDULE F, presently reading as follows: Unit of Account The value of one Unit of Account shall be the sum of the values of the following currency units converted into any one of those currencies: United States dollar 0,40 Deutsche mark 0.32 Japanese yen 21 French franc 0,42 Pound sterling 0,050 Italian lira 52 Netherlands guilder 0.14 Canadian dollar 0,070 Belgian franc 1,6 Saudi Arabian riyal 0,13 Swedish krona 0,11 Iranian rial 1,7 Australian dollar 0,017 Spanish peseta 1,5 Norwegian crown 0,10 Austrian schilling 0,28 "SCHEDULE F Unit of Account

The value of one Unit of Account shall be the sum of the values of the following currency units converted into any one of those currencies: Euro 0,423 United States dollar 0,66 Japanese yen 12,1 Pound sterling 0,1110

Any change in the list of currencies that determine the value of the Unit of Account, and in the amounts of these currencies, shall be made in accordance with rules and regulations adopted by the Governing Council by a Qualified Majority in conformity with the practice of a competent international monetary organization.”. Κοινού Ταμείου Βασικών Προϊόντων ΤΟ ΔΙΟΙΚΗΤΙΚΟ ΣΥΜΒΟΥΛΙΟ ΤΟΥ ΚΟΙΝΟΥ ΤΑΜΕΙΟΥ ΒΑΣΙΚΩΝ ΠΡΟΪΟΝΤΩΝ, Επιβεβαιώνοντας την δέσμευσή του στους στόχους και τους σκοπούς του Κοινού Ταμείου Βασικών Προϊόντων · Ασκώντας τις εξουσίες που έχουν ανατεθεί στο Διοικητικό Συμβούλιο σύμφωνα με το Άρθρο 51, παράγραφος 2 της Συμφωνίας Ίδρυσης του Κοινού Ταμείου Βασικών Προϊόντων · Υπενθυμίζοντας την απόφαση του Διοικητικού Συμβουλίου κατά την Δέκατη Ένατη Ετήσια Συνάντηση το Νοέμβριο του 2007 για την διεξαγωγή μιας σειράς διαβουλεύσεων και συζητήσεων, το συντομότερο δυνατόν, εντός του Κοινού Ταμείου Βασικών Προϊόντων για τον μελλοντικό ρόλο και την εντολή του Ταμείου και μεταξύ του Ταμείου και της πελατείας του, ιδιαίτερα των Διεθνών Οργανώσεων Προϊόντος (International Commodity Bodies -ICBs), των διεθνών θεσμών προκειμένου να εξυπηρετηθούν καλύτερα οι εξελισσόμενες απαιτήσεις των χωρών που εξαρτώνται από βασικά προϊόντα · Ενήμερο για τις τρέχουσες προκλήσεις στην ανάπτυξη των βασικών προϊόντων και το διααφοροποιημένο γενικό πλαίσιο από την ίδρυση του Κοινού Ταμείου Βασικών Προϊόντων και την ανάγκη εναρμόνισης του οργανισμού στο τρέχον κυρίαρχο και αναδυόμενο παράδειγμα ανάπτυξης βασικών προϊόντων · Σημειώνοντας την επιθυμία των Μελών για περαιτέρω οικοδόμηση πάνω στην ταυτότητα και εμπειρογνωμοσύνη του Κοινού Ταμείου Βασικών Προϊόντων βελτιώνοντας παράλληλα τη διακυβέρνηση, αποδοτικότητα, λογοδοσία και αποτελεσματικότητά του · Επαναλαμβάνοντας την ανάγκη ενδυνάμωσης της επιχειρησιακής ικανότητας και της οικονομικής βάσης του Κοινού Ταμείου Βασικών Προϊόντων για την συνέχιση της υποστήριξής του προς τις αναπτυσσόμενες χώρες που εξαρτώνται από βασικά προϊόντα μέσω χρηματοδότησης αναπτυξιακών μέτρων και δράσεων που βασίζονται στα βασικά προϊόντα · Επιθυμώντας να προωθήσει τη διαδικασία συντήρησης και ενδυνάμωσης του Κοινού Ταμείου Βασικών Προϊόντων ως αποτελεσματικού εργαλείου διεθνούς συνεργασίας για τα βασικά προϊόντα επιφέροντας αποτελέσματα υψηλού αντίκτυπου μέσω των παρεμβάσεών του που βασίζονται στα βασικά προϊόντα · Έχοντας υπόψη την ανάγκη ενδυνάμωσης της θέσης του Κοινού Ταμείου Βασικών Προϊόντων ως αξιόπιστου και αποτελεσματικού αναπτυξιακού εταίρου για άλλους διεθνείς οργανισμούς στο πλαίσιο της διεθνούς αναπτυξιακής συνεργασίας · Έχοντας εξετάσει τις συστάσεις της 58ης Συνεδρίασης του Εκτελεστικού Συμβουλίου κατόπιν αιτήματος του Διοικητικού Συμβουλίου ώστε το Εκτελεστικό Συμβούλιο «να εργαστεί προς την δημιουργία ενός συμφωνηθέντος καθαρού κειμένου του προτεινόμενου Σχεδίου Τροποποιήσεων της Συμφωνίας Ίδρυσης του Κοινού Ταμείου Βασικών Προϊόντων προς διαβούλευση από τα Κράτη Μέλη», συστάσεις που βασίζονται σε εκείνες της Ανοικτής Μεταβατικής Επιτροπής που ιδρύθηκε από το Διοικητικό Συμβούλιο κατά την 25η Ετήσια Συνεδρίασή του που έλαβε χώρα τον Δεκέμβριο του 2013 «με αντικείμενο την δημιουργία ενός προτεινόμενου συμφωνηθέντος κειμένου Τροποποιήσεων και την δημιουργία μιας σύστασης προς το Εκτελεστικό Συμβούλιο στις 6-7 Μαΐου 2014», που ενσωματώνει τις κεντρικές ιδέες που περιλαμβάνουν την ίδρυση του Κοινού Ταμείου Βασικών Προϊόντων επικαιροποιώντας παράλληλα τη δομή και τις μεθόδους εργασίας του σύμφωνα με τις τρέχουσες διεθνείς συνθήκες · Έχοντας υπόψη ότι η διαδικασία επισκόπησης της Συμφωνίας Ίδρυσης του Κοινού Ταμείου Βασικών Προϊόντων και η πρόταση τροποποιήσεων αυτής ήταν έργο που ανέθεσε κατά το 2013 το Εκτελεστικό Συμβούλιο στην Ομάδα Εργασίας ανοιχτού τύπου που δημιουργήθηκε για τον εν λόγω σκοπό και από τον Δεκέμβριο του 2013 στην Ανοικτή Μεταβατική Επιτροπή βάσει της ότου και εκτός εάν όλες οι προτάσεις έχουν συμφωνηθεί · Αναγνωρίζοντας επομένως ότι οι συστάσεις του Εκτελεστικού Συμβουλίου βασίζονται στην αντίληψη ότι όλες οι τροποποιήσεις που προτάθηκαν από το Συμβούλιο έχουν τεθεί υπό διαπραγμάτευση και έχουν διαμορφωθεί ως συντονισμένο και ενοποιημένο σύνολο τροποποιήσεων που θα πρέπει να υιοθετηθούν από κοινού από μία Απόφαση του Διοικητικού Συμβουλίου · Λαμβάνοντας υπόψη ότι οι συστάσεις του Εκτελεστικού Συμβουλίου περιλαμβάνουν αλλαγές της διαδικασίας τροποποίησης της Συμφωνίας και ότι σύμφωνα με το άρθρο 51, παράγραφος 3, υποπαράγραφος (ε) κάθε ανάλογη τροποποίηση θα τεθεί σε ισχύ μόνο αν γίνει δεκτή από όλα τα Μέλη σύμφωνα με την διαδικασία που περιγράφεται στο άρθρο 51, παράγραφος 3· και Συμφωνώντας ότι όπως προβλέπεται από το Εκτελεστικό Συμβούλιο όλες οι προτεινόμενες τροποποιήσεις της Συμφωνίας θα υιοθετηθούν από κοινού με μία Απόφαση και επομένως η έναρξη ισχύος όλων των τροποποιήσεων θα υπόκειται στις διατάξεις του άρθρου 51, παράγραφος 3 της Συμφωνίας · ΑΠΟΦΑΣΙΖΕΙ ως εξής:

Να υιοθετήσει τις ακόλουθες τροποποιήσεις της Συμφωνίας Ίδρυσης του Κοινού Ταμείου Βασικών Προϊόντων.

Οι τροποποιήσεις, σύμφωνα με τις διατάξεις του Άρθρου 51, παράγραφος 3 της Συμφωνίας, τίθενται σε ισχύ από την ημερομηνία που συμπίπτει με την πάροδο 13 μηνών μετά την ημερομηνία υιοθέτησης της παρούσας Απόφασης. Η εν λόγω χρονική περίοδος δύναται, κατόπιν αιτήσεως κάποιου από τα Μέλη, να παραταθεί από το Διοικητικό Συμβούλιο με Απόλυτη Πλειοψηφία. Ο Διευθύνων Σύμβουλος θα ενημερώσει τα Μέλη και τον Θεματοφύλακα για την έναρξη ισχύος των τροποποιήσεων. - Το Άρθρο 1, που έχει ως εξής: «Άρθρο 1 Ορισμοί Για την εφαρμογή της παρούσας Συμφωνίας:

«Ταμείον» σημαίνει το Κοινό Ταμείο Βασικών Προϊόντων, που ιδρύεται με την παρούσα Συμφωνία.

«Διεθνής Συμφωνία ή Ρύθμιση Προϊόντος» (International Commodity Agreement or Arrangement, αναφερόμενης στο εξής ICA) σημαίνει οποιαδήποτε διακρατική συμφωνία ή ρύθμιση για την προαγωγή της διεθνούς συνεργασίας σ’ εάν βασικό προϊόν, της οποίας τα συμβαλλόμενα μέρη περιλαμβάνουν παραγωγούς και καταναλωτές που καλύπτουν το μεγαλύτερο μέρος του διεθνούς εμπορίου στο προϊόν αυτό.

«Διεθνής Οργανισμός Προϊόντος» (International Commodity Organization) (αναφερόμενος στο εξής ICO) σημαίνει τον Οργανισμό που δημιουργείται στα πλαίσια ενός ICA για την εφαρμογή των διατάξεών του.

«Συνδεδεμένος ICO» σημαίνει τον ICO ο οποίος είναι συνδεδεμένος με το Ταμείο βάσει του άρθρου 7.

«Συνδεδεμένη Συμφωνία» σημαίνει τη συμφωνία που υπογράφεται μεταξύ ενός ICO και του Ταμείου βάσει του άρθρου 7.

«Μέγιστες χρηματοδοτικές απαιτήσεις» (Maximum Financial Requirements) (αναφερόμενες εφεξής ως MFR) σημαίνει το ανώτερο ποσό χρημάτων που ένας συνδεδεμένος ICO μπορεί να πάρει ως δάνειο από το Ταμείο και προσδιορίζεται σύμφωνα με το άρθρο 17 παρ.8.

«Διεθνής Οργάνωση Προϊόντος» (International Commodity Body αναφερόμενη στο εξής ICB) σημαίνει την οργάνωση που καθορίζεται με το άρθρο 7, παράγραφος 9.

«Λογιστική Μονάδα» σημαίνει τη λογιστική μονάδα του Ταμείου όπως καθορίζεται σύμφωνα με το άρθρο 8, παράγραφος 1.

«Χρησιμοποιήσιμα Νομίσματα» σημαίνει (α) το γερμανικό μάρκο, το γαλλικό φράγκο, το γιεν Ιαπωνίας, την λίρα Αγγλίας, το δολάριο ΗΠΑ και οποιοδήποτε άλλο νόμισμα το οποίο έχει κατά διαστήματα καθοριστεί από αρμόδιο διεθνές νομισματικό οργανισμό ως πράγματι ευρέως χρησιμοποιούμενο για την διενέργεια πληρωμών σε διεθνείς συναλλαγές και ευρέως διαπραγματεύσιμο στις κυριότητες χρηματιστηριακές αγορές και (β) οποιοδήποτε άλλο ελεύθερα διαθέσιμο και αποτελεσματικά χρησιμοποιήσιμο νόμισμα που το Εκτελεστικό Συμβούλιο μπορεί να καθορίσει με Ενισχυμένη Πλειοψηφία, μετά από έγκριση της χώρας της οποίας το νόμισμα προτείνεται από το Ταμείο να καθοριστεί για το σκοπό αυτόν. Το Διοικητικό Συμβούλιο θα ορίζει αρμόδιο διεθνή νομισματικό οργανισμό σύμφωνα με την παράγραφο (α) ανωτέρω και θα υιοθετήσει με Ενισχυμένη Πλειοψηφία κανόνες και διατάξεις που αφορούν τον καθορισμό νομισμάτων όπως ορίζεται στην παράγραφο (β) ανωτέρω, σύμφωνα με την ισχύουσα διεθνή νομισματική πρακτική. Νομίσματα δύνανται να αφαιρούνται από τον πίνακα των Χρησιμοποιήσιμων Νομισμάτων με απόφαση του Εκτελεστικού Συμβουλίου με ενισχυμένη πλειοψηφία.

10.

«Άμεσα Καταβεβλημένο Κεφάλαιο» σημαίνει το καθοριζόμενο στο άρθρο 9, παράγραφος 1 (α) και παράγραφος 4.

11.

«Καταβληθείσες Μετοχές» σημαίνει τις μετοχές του Άμεσα Καταβεβλημένου Κεφαλαίου που αναφέρονται στο άρθρο 9, παράγραφος 2(α) και άρθρο 10 παράγραφος 2. Κεφαλαίου που αναφέρονται στο άρθρο 9 παράγραφος 2 (β) και το άρθρο 10 παράγραφος 2(β).

13.

«Κεφάλαιο Εγγυήσεως» σημαίνει κεφάλαιο παρεχόμενο στο Ταμείο βάσει του άρθρου 14, παράγραφος 4, από Μέλη του Ταμείου που μετέχουν σ’ ένα Συνδεδεμένο ICO.

14.

«Εγγυήσεις» σημαίνει εγγυήσεις που παρέχονται στο Ταμείο, βάσει του άρθρου14, παράγραφος 5, από μέλη που μετέχουν σ’ ένα συνδεδεμένο ICO τα οποία δεν είναι μέλη του Ταμείου.

15.

«Δελτία Αποθεμάτων» σημαίνει δελτία αποθεμάτων, αποδείξεις εναποθηκεύσεως ή άλλα έγγραφα τίτλου που αποδεικνύουν την ιδιοκτησία αποθεμάτων εμπορευμάτων.

16.

«Συνολική δύναμη σε ψήφους» σημαίνει τον αριθμό των ψήφων όλων των Μελών του Ταμείου.

17.

«Απλή Πλειοψηφία» σημαίνει άνω του ημίσεος του συνόλου των ριφθεισών ψήφων κατά την ψηφοφορία.

18.

«Ενισχυμένη Πλειοψηφία» σημαίνει τουλάχιστον τα δύο τρίτα των ψήφων ριφθεισών ψήφων κατά την ψηφοφορία.

19.

«Απόλυτη Πλειοψηφία» σημαίνει τουλάχιστον τα τρία τέταρτα των ριφθεισών ψήφων.

20.

«Ριφθείσες ψήφοι» σημαίνει τις θετικές και τις αρνητικές ψήφους. «Άρθρο 1 Ορισμοί Για την εφαρμογή της παρούσας Συμφωνίας:

«Κεφάλαιο» σημαίνει το κεφάλαιο του Ταμείου όπως καθορίζεται στο άρθρο 8 παράγραφος 1.

«Χρηματοοικονομική παρέμβαση» σημαίνει κάθε δωρεά, δάνειο ή άλλο πιστωτικό εργαλείο, επένδυση σε ίδια κεφάλαια, χρέος ή επενδυτικά κεφάλαια, ή κάθε άλλη μορφή δημοσιονομικής παρέμβασης ή συνεισφοράς, εκτός από εγγυήσεις δανείου, που το Διοικητικό Συμβούλιο θα εγκρίνει σε γενική βάση ή που το Εκτελεστικό Συμβούλιο θα εγκρίνει για κάθε ατομική υπόθεση, για χρηματοδότηση από το Ταμείο σύμφωνα με τις δραστηριότητες του Επιχειρησιακού Λογαριασμού του.

«Ταμείο» σημαίνει το Κοινό Ταμείο Βασικών Προϊόντων που ιδρύεται με την παρούσα Συμφωνία.

«Διεθνής Οργάνωση Προϊόντος» (International Commodity Body) (εφεξής αναφερόμενη ως ICB) σημαίνει την οργάνωση που ορίζεται από το Εκτελεστικό συμβούλιο σύμφωνα με τα κριτήρια που καθορίζονται στον πίνακα Γ΄ για τον σκοπό των δραστηριοτήτων του Επιχειρησιακού Λογαριασμού του Ταμείου.

«Μετοχές» σημαίνει τις μετοχές του Κεφαλαίου που καθορίζονται στο άρθρο 8, παράγραφος 1.

«Απόλυτη Πλειοψηφία» σημαίνει τουλάχιστον τα τρία τέταρτα των ψήφων.

«Ενισχυμένη Πλειοψηφία» σημαίνει τουλάχιστον τα δύο τρίτα όλων των ψήφων.

«Απλή Πλειοψηφία» σημαίνει άνω του ημίσεος του συνόλου των ψήφων.

«Συνολική δύναμη ψήφων» σημαίνει το σύνολο των ψήφων που διαθέτουν Μέλη του Ταμείου. άλλων οικονομικών εργαλείων ενός άλλου μέρους ή μερών τα οποία χορηγούνται και/ή διαχειρίζονται από το Ταμείο.

11.

«Λογιστική Μονάδα» σημαίνει τη λογιστική μονάδα του Ταμείου όπως καθορίζεται σύμφωνα με το άρθρο 8, παράγραφο 1.

12.

«Χρησιμοποιήσιμα Νομίσματα» σημαίνει (α) το γιεν Ιαπωνίας, την λίρα Αγγλίας, το Ευρώ, το δολάριο ΗΠΑ και οποιοδήποτε άλλο νόμισμα το οποίο έχει κατά διαστήματα καθοριστεί από αρμόδιο διεθνές νομισματικό οργανισμό ως πράγματι ευρέως χρησιμοποιούμενο για την διενέργεια πληρωμών σε διεθνείς συναλλαγές και ευρέως διαπραγματεύσιμο στις κυριότητες χρηματιστηριακές αγορές και (β) οποιοδήποτε άλλο ελεύθερα διαθέσιμο και αποτελεσματικά χρησιμοποιήσιμο νόμισμα που το Εκτελεστικό Συμβούλιο μπορεί να καθορίσει με Ενισχυμένη Πλειοψηφία, μετά από έγκριση της χώρας της οποίας το νόμισμα προτείνεται από το Ταμείο να καθοριστεί για το σκοπό αυτόν. Νομίσματα δύνανται να αφαιρούνται από τον πίνακα των Χρησιμοποιήσιμων Νομισμάτων με απόφαση του Εκτελεστικού Συμβουλίου με Ενισχυμένη Πλειοψηφία.

13.

«Ψήφοι που ερρίφθησαν» σημαίνει τις θετικές και τις αρνητικές ψήφους. ΣΤΟ ΚΕΦΑΛΑΙΟ ΙΙ. ΣΚΟΠΟΙ ΚΑΙ ΚΑΘΗΚΟΝΤΑ: Το Άρθρο 2, που έχει ως εξής: «Άρθρο 2 Σκοποί Οι σκοποί του Ταμείου θα είναι: (α) Να αποτελεί βασικό όργανο για την επίτευξη των συμφωνημένων σκοπών του Ολοκληρωμένου Προγράμματος Βασικών Προϊόντων όπως περιλαμβάνονται στην απόφαση 93 (IV) της UNCTAD. (β) Να διευκολύνει την δημιουργία και λειτουργία των ICA, ιδιαίτερα σε προϊόντα ειδικού ενδιαφέροντος των αναπτυσσόμενων χωρών». «Άρθρο 2 Σκοποί Οι σκοποί του Ταμείου θα είναι: (α) Να αποτελεί βασικό όργανο για την επίτευξη των συμφωνημένων σκοπών του Ολοκληρωμένου Προγράμματος Βασικών Προϊόντων όπως περιλαμβάνονται στην απόφαση 93 (IV) της UNCTAD. (β) Να προωθεί την ανάπτυξη του τομέα βασικών προϊόντων και να συνεισφέρει στη βιώσιμη ανάπτυξη στις τρεις διαστάσεις της, ήτοι κοινωνική, οικονομική και περιβαλλοντική · αναγνωρίζοντας την ποικιλία των τρόπων προς τη βιώσιμη ανάπτυξη και αναφορικά με αυτό ανακαλώντας ότι κάθε χώρα έχει την πρωταρχική ευθύνη για την δική της ανάπτυξη και το δικαίωμα να καθορίσει το δικό της δρόμο για την ανάπτυξη και τις δικές της κατάλληλες στρατηγικές.». Το Άρθρο 3, που έχει ως εξής: Αρμοδιότητες Για την εκπλήρωση των σκοπών του, το Ταμείο έχει τις ακόλουθες αρμοδιότητες: (α) Να συμβάλλει, μέσω του Πρώτου Λογαριασμού του όπως προβλέπεται στη συνέχεια στη χρηματοδότηση διεθνών ρυθμιστικών αποθεμάτων και διεθνώς συντονισμένων εθνικών αποθεμάτων, μέσα στα πλαίσια των ICA. (β) Να χρηματοδοτεί μέσω του Δεύτερου Λογαριασμού, άλλα μέτρα στον τομέα των προϊόντων εκτός από την αποθεματοποίηση όπως προβλέπεται στη συνέχεια. (γ) Να προάγει το συντονισμό και την παροχή συμβουλών μέσω του Δεύτερου Λογαριασμού του σε σχέση με μέτρα στον τομέα των προϊόντων εκτός της αποθεματοποίησης και τη χρηματοδότηση αυτών, με σκοπό τη δημιουργία Κέντρων Προϊόντων.». Αρμοδιότητες Για να προάγει τους σκοπούς του άρθρου 2, το Ταμείο ασκεί τις ακόλουθες αρμοδιότητες: (α) Κινητοποιεί πόρους και χρηματοδοτεί μέτρα και δράσεις στον τομέα των προϊόντων όπως προβλέπεται στο εξής · (β) Καθιερώνει συνεργασίες για να ενθαρρύνει τις συνεργίες μέσω συνεργασίας και εφαρμογής δραστηριοτήτων για την ανάπτυξη προϊόντων · (γ) Λειτουργεί ως πάροχος υπηρεσιών · (δ) Διαδίδει γνώσεις και παρέχει πληροφορίες γύρω από νέες και καινοτόμες προσεγγίσεις στον τομέα των προϊόντων · (ε) Εκτελεί άλλες αρμοδιότητες όπως αποφάσισε το Διοικητικό Συμβούλιο.». ΣΤΟ ΚΕΦΑΛΑΙΟ ΙΙΙ. ΕΓΓΡΑΦΗ ΜΕΛΩΝ: Το Άρθρο 4, που έχει ως εξής: «Άρθρο 4 Δικαίωμα εγγραφής Η εγγραφή μελών στο Ταμείο θα είναι ανοικτή σε: (α) Όλα τα Κράτη-Μέλη των Ηνωμένων εθνών ή οποιουδήποτε από τους ειδικευμένους οργανισμούς αυτών ή του Διεθνούς Οργανισμού Ατομικής Ενέργειας και

β) Οποιοδήποτε διακρατικό οργανισμό περιφερειακής οικονομικής ενώσεως ο οποίος

Η ανάγνωση του παρόντος εγγράφου δεν αντικαθιστά την ανάγνωση του αντίστοιχου τεύχους της Εφημερίδας της Κυβερνήσεως. Δεν αναλαμβάνουμε ευθύνη για τυχόν ανακρίβειες που οφείλονται στη μετατροπή του πρωτοτύπου σε αυτή τη μορφή.

Το κείμενο αυτό δημοσιεύεται υπό τους όρους επαναχρησιμοποίησης που ορίζει η ίδια η πηγή ΦΕΚ, όχι υπό άδεια της Legalize ούτε υπό άδεια δημόσιου τομέα. ΦΕΚ
Δημόσιος τομέας (επίσημα κρατικά κείμενα)