Document ID: chunk:federal_register_of_legislation:C2020C00320:schedule:1:p13
Version: federal_register_of_legislation:C2020C00320
Segment Type: schedule
Provision Reference: sch 1 (pt 13/31)
Character Range: 35189–38070

cost of attendance at the meetings of the Board and the discharge of other official functions on behalf of the Agency. Upon the establishment of a Board in continuous session, the Directors and Alternates shall receive such remuneration as may be determined by the Council.

Article 33.   President and Staff

 (a)  The President shall, under the general control of the Board, conduct the ordinary business of the Agency. He shall be responsible for the organization, appointment and dismissal of the staff.

 (b)  The President shall be appointed by the Board on the nomination of its Chairman. The Council shall determine the salary and terms of the contract of service of the President.

 (c)  In the discharge of their offices, the President and the staff owe their duty entirely to the Agency and to no other authority. Each member of the Agency shall respect the international character of this duty and shall refrain from all attempts to influence the President or the staff in the discharge of their duties.

 (d)  In appointing the staff, the President shall, subject to the paramount importance of securing the highest standards of efficiency and of technical competence, pay due regard to the importance of recruiting personnel on as wide a geographical basis as possible.

 (e)  The President and staff shall maintain at all times the confidentiality of information obtained in carrying out the Agency's operations.

Article 34.   Political Activity Prohibited

 The Agency, its President and staff shall not interfere in the political affairs of any member. Without prejudice to the right of the Agency to take into account all the circumstances surrounding an investment, they shall not be influenced in their decisions by the political character of the member or members concerned. Considerations relevant to their decisions shall be weighed impartially in order to achieve the purposes stated in Article 2.

Article 35.   Relations with International Organizations

 The Agency shall, within the terms of this Convention, cooperate with the United Nations and with other inter‑governmental organizations having specialized responsibilities in related fields, including in particular the Bank and the International Finance Corporation.

Article 36.   Location of Principal Office

 (a)  The principal office of the Agency shall be located in Washington, D.C., unless the Council, by special majority, decides to establish it in another location.

 (b)  The Agency may establish other offices as may be necessary for its work.

Article 37.   Depositories for Assets

 Each member shall designate its central bank as a depository in which the Agency may keep holdings of such member's currency or other assets of the Agency or, if it has no central bank, it shall designate for such purpose such other institution as may be acceptable to the Agency.

Article 38.