Document ID: chunk:federal_register_of_legislation:C2020C00320:schedule:1:p21
Version: federal_register_of_legislation:C2020C00320
Segment Type: schedule
Provision Reference: sch 1 (pt 21/31)
Character Range: 55334–58144

amended by vote of three‑fifths of the Governors exercising four‑fifths of the total voting power, provided that:
 (i) any amendment modifying the right to withdraw from the Agency provided in Article 51 or the limitation on liability provided in Section (d) of Article 8 shall require the affirmative vote of all Governors; and
 (ii) any amendment modifying the loss‑sharing arrangement provided in Articles 1 and 3 of Annex I to this Convention which will result in an increase in any member's liability thereunder shall require the affirmative vote of the Governor of each such member.

 (b)  Schedules A and B to this Convention may be amended by the Council by special majority.

 (c)  If an amendment affects any provision of Annex I to this Convention, total votes shall include the additional votes alloted under Article 7 of such Annex to sponsoring members and countries hosting sponsored investments.

Article 60.   Procedure

 Any proposal to amend this Convention, whether emanating from a member or a Governor or a Director, shall be communicated to the Chairman of the Board who shall bring the proposal before the Board. If the proposed amendment is recommended by the Board, it shall be submitted to the Council for approval in accordance with Article 59. When an amendment has been duly approved by the Council, the Agency shall so certify by formal communication addressed to all members. Amendments shall enter into force for all members ninety days after the date of the formal communication unless the Council shall specify a different date.

CHAPTER XI

Final Provisions

Article 61.   Entry into Force

 (a)  This Convention shall be open for signature on behalf of all members of the Bank and Switzerland and shall be subject to ratification, acceptance or approval by the signatory States in accordance with their constitutional procedures.

 (b)  This Convention shall enter into force on the day when not less than five instruments of ratification, acceptance or approval shall have been deposited on behalf of signatory States in Category One, and not less that fifteen such instruments shall have been deposited on behalf of signatory States in Category Two; provided that total subscriptions of these States amount to not less than one‑third of the authorized capital of the Agency as prescribed in Article 5.

 (c)  For each State which deposits its instrument of ratification, acceptance or approval after this Convention shall have entered into force, this Convention shall enter into force on the date of such deposit.

 (d)  If this Convention shall not have entered into force within two years after its opening for signature, the President of the Bank shall convene a conference of interested countries to determine the future course of action.

Article 62.   Inaugural