of December 6, 2001 No. 264-II
About membership of the Republic of Kazakhstan in the International Monetary Fund, the International Bank for Reconstruction and Development, the International Finance Corporation, International Development Association, Multilateral Agency of the Guarantee of Investments, the International Centre for Settlement of Investment Disputes, the European Bank for Reconstruction and Development, Asian Development Bank, Islamic Development bank, the Asian Infrastructure Investment Bank
This Law determines legal conditions of membership of the Republic of Kazakhstan in the International Monetary Fund, the International Bank for Reconstruction and Development, the International Finance Corporation, International Development Association, Multilateral Agency of the Guarantee of Investments, the International Centre for Settlement of Investment Disputes, the European Bank for Reconstruction and Development, Asian Development Bank, Islamic Development bank, the Asian Infrastructure Investment Bank (further - the international organizations).
1. The Republic of Kazakhstan is member of the International Monetary Fund (further - the IMF), the International Bank for Reconstruction and Development (further - IBRD), the International Finance Corporation (further - IFC), International Development Association (further - MAR), Multilateral Agency of the Guarantee of Investments (further - MAGI), the International Centre for Settlement of Investment Disputes (further - ICSID), the European Bank for Reconstruction and Development (further - the EBRD), Asian Development Bank (further - ABR), Islamic Development bank (further - IBR), the Asian Infrastructure Investment Bank (further - ABII).
2. The Republic of Kazakhstan is the State Party of articles of agreements of the IMF, IBRD, IFC, MAR, ABII with all amendments, the Foundation agreement of IBR, the Convention on MAGI organization and the Convention on dispute settlement in the field of investments between the states and citizens of other states, agreements on organization EBRD, ABR and accepted terms and conditions of resolutions according to Board of governors of the IMF, IBRD, IFC, MAR, MAGICIANS, the EBRD, ABR, ABII concerning membership of the Republic of Kazakhstan in these international organizations.
3. The Republic of Kazakhstan assumed all obligations of the member of Department of special drawing rights of the IMF according to the legislation of the Republic of Kazakhstan.
1. The government of the Republic of Kazakhstan on behalf of the Ministry of Finance of the Republic of Kazakhstan is authorized to attract loans, to use other forms of financing and to provide payment on behalf of the Republic of Kazakhstan to IBRD, IFC, MAR, MAGICIANS, the EBRD, ABR, IBR, ABII of the amounts according to conditions of the relevant agreements on loans and provisions of resolutions, relevant articles of agreements, agreements on organization, conventions or the Foundation agreement relating to membership of the Republic of Kazakhstan in these international organizations.
2. The Ministry of Finance of the Republic of Kazakhstan is authorized according to articles of agreements of IBRD, IFC, MAR, ABII, with agreements on organization EBRD, ABR and the Convention on MAGI organization to issue any non-transferable debt obligations without remuneration which can be necessary or correspond to membership of the Republic of Kazakhstan in IBRD, IFC, MAR, MAGICIANS, the EBRD, ABR, ABII.
3. The National Bank of the Republic of Kazakhstan is authorized to raise funds of the IMF in the form of their purchase, and also to provide payment on behalf of the Republic of Kazakhstan to the IMF of the amounts according to conditions and provisions of the resolutions relating to membership of the Republic of Kazakhstan in the IMF and Articles of the agreement of the IMF, and also to make payments in connection with participation of the Republic of Kazakhstan in activities of Department of special drawing rights of the IMF. The National Bank of the Republic of Kazakhstan, in coordination with the Government of the Republic of Kazakhstan, has the right to attract loans from other international organizations, to determine financial conditions of attraction of loans and to independently sign agreements on such loans.
4. The National Bank of the Republic of Kazakhstan is authorized according to Articles of the agreement of the IMF to issue any non-transferable debt obligations without remuneration which can be necessary or correspond to membership of the Republic of Kazakhstan in the IMF.
1. The Ministry of Finance of the Republic of Kazakhstan acts as financial body of the Republic of Kazakhstan according to requirements of article III of Section 2 of Articles of the Agreement of IBRD.
The Ministry of Finance of the Republic of Kazakhstan is authorized to carry out on behalf of the Republic of Kazakhstan all transactions and transactions provided by provisions of articles of agreements of IBRD, ABII, agreements on organization EBRD, ABR, the Foundation agreement of IBR.
2. The National Bank of the Republic of Kazakhstan acts as financial body of the Republic of Kazakhstan according to requirements of article V of Section 1 of Articles of the Agreement of the IMF.
The National Bank of the Republic of Kazakhstan is authorized to carry out all transactions and transactions provided by provisions of Articles of the Agreement of the IMF on behalf of the Republic of Kazakhstan.
3. As communication channel of the Republic of Kazakhstan with relevant international organizations according to requirements of article IV of Section 10 of Articles of the Agreement of IFC, article VI of Section 10 of Articles of the Agreement of MAR, Chapter V of article 38 of the Convention on MAGI organization, Chapters VI of article 34 of the Agreement on EBRD organization, the Section VI of article 38 of the Agreement on ABR organization the Ministry of Finance, according to requirements of the Section V of Article 40 of the Foundation agreement of IBR - the official determined by the Government of the Republic of Kazakhstan according to requirements of Chapter VI of article 33 of Articles of the Agreement of ABII - the relevant official organ determined by the Government of the Republic of Kazakhstan is determined.
4. The National Bank of the Republic of Kazakhstan is appointed as depositary of all assets in national currency of the Republic of Kazakhstan, and also other assets of the IMF, IBRD, IFC, MAR, MAGICIANS, the EBRD, ABR, IBR, ABII according to the relevant articles of agreements, agreements on organization, conventions or the Foundation agreement.
5. The government of the Republic of Kazakhstan is authorized to appoint as the representative of the Republic of Kazakhstan (Managing) in boards of governors IMF, IBRD, IFC, MAR, MAGICIANS, the EBRD, ABR, IBR, ABII, ICSID Administrative board the corresponding official for accomplishment of obligations from the Republic of Kazakhstan, and also his deputy with all powers for fulfillment of duties in the absence of the Managing director.
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