Preamble
The Kingdom of the Netherlands, in respect of Sint Maarten, on the one side,
and
the International Bank for Reconstruction and Development (IBRD)
and
the International Finance Corporation (IFC) (together the “World Bank Group Organizations”),
on the other side;
Having regard to
-
(i) the Articles of Agreement of the International Bank for Reconstruction and Development
of 27 December 1945, as amended, effective 27 June 2012 (in particular, Article VII
on IBRD’s status, immunities and privileges);
-
(ii) the Articles of Agreement of the International Finance Corporation of 11 April 1955,
as amended, effective 16 April 2020 (in particular, Article VI on IFC’s status, immunities
and privileges);
Considering that the Kingdom of the Netherlands has acceded to the Convention on the
Privileges and Immunities of the Specialized Agencies with respect to IBRD as of July 21,
1949;
Noting that as of October 10, 2010, Sint Maarten is a constituent country within the
Kingdom of the Netherlands;
Noting that the World Bank Group Organizations have established or may establish an
Office (as defined in Article I) in Sint-Maarten; and
Desiring to further define the status, privileges and immunities of such Office (as
defined in Article I) in Sint Maarten and to enable the World Bank Group Organizations to fulfill their
purposes and functions in Sint Maarten;