Part 2

Miscellaneous and general

International financial institutions

Immunities and privileges of international financial institutions
12
1
Her Majesty may by Order in Council make such provision as She considers reasonably necessary for giving effect to any relevant provision of the agreement establishing an international financial institution.
2
For this purpose a provision is “relevant” if it relates to the status, immunities or privileges of—
a
the international financial institution,
b
its governors, directors or executive-directors or alternates, or
c
its officers or employees.
3
For the purposes of this section the following are “international financial institutions”—
a
the International Bank for Reconstruction and Development;
b
the International Finance Corporation;
c
the International Development Association.
4
No recommendation may be made to Her Majesty in Council to make an Order under this section unless a draft of the Order has been laid before Parliament and approved by resolution of each House of Parliament.
5
The Secretary of State may by order amend subsection (3) by making additions to or deletions from the institutions that are for the time being listed there.
6
This section is without prejudice to the powers conferred by the International Organisations Act 1968 (c. 48) or any other Act.