In its application to the International Finance Corporation (hereinafter called “the
Corporation”) the Convention (including this annex) shall operate subject to the following
provisions:
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1. The following shall be substituted for Section 4:
“Actions may be brought against the Corporation only in a court of competent jurisdiction
in the territories of a member in which the Corporation has an office, has appointed
an agent for the purpose of accepting service or notice of process, or has issued
or guaranteed securities. No actions shall, however, be brought by members or persons
acting for or deriving claims from members. The property and assets of the Corporation
shall, wheresoever located and by whomsoever held, be immune from all forms of seizure,
attachment or execution before the delivery of final judgment against the Corporation.”
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2. Paragraph (b) of Section 7 of the standard clauses shall apply to the Corporation subject to Article
III, Section 5 of the Articles of Agreement of the Corporation.
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3. The Corporation in its discretion may waive any of the privileges and immunities conferred
under Article VI of its Articles of Agreement to such extent and upon such conditions
as it may determine.
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4. Section 32 of the standard clauses shall only apply to differences arising out of
the interpretation or application of privileges and immunities which are derived by
the Corporation from this Convention and are not included in those which it can claim
under its Articles of Agreement or otherwise.
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5. The provisions of the Convention (including this annex) do not modify or amend or
require the modification or amendment of the Articles of Agreement of the Corporation
or impair or limit any of the rights, immunities, privileges or exemptions conferred
upon the Corporation or any of its members, Governors, Executive Directors, Alternates,
officers and employees by the Articles of Agreement of the Corporation, or by any
statute, law or regulation of any member of the Corporation or any political subdivision
of any such member, or otherwise.