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Agreement on organization of Eurasian Development Bank

of January 12, 2006

Contracting parties for the purpose of assistance to the economic growth of the State Parties of this agreement and expansion of trade and economic relations between them agreed as follows:

Article 1.

Form Eurasian Development Bank (further - Bank) designed to promote formation and development of market economy of the State Parties of this agreement, their economic growth and expansion of trade and economic relations between them by implementation of investing activities.

The bank promotes strengthening of the international financial and economic cooperation, taking part in work of other international financial and banking organizations and unions.

Article 2.

The bank in the activities is guided by the conventional principles and rules of international law, applicable international treaties, this agreement and Charter of Bank.

The bank functions according to the commonly accepted principles of banking activity.

The charter of Bank affirms this agreement, is its integral part and is drawn up in the form of appendix to this agreement.

The bank for ensuring accomplishment of the functions can sign agreements with the governments of the State Parties of this agreement on conditions of stay of Bank in their territory, and also with the Central (national) Banks and other authorized bodies of the State Parties of this agreement.

Article 3.

After entry into force of this agreement other states and the international organizations on condition of accomplishment of the requirements and procedures provided by the Charter of Bank by them can join it.

This agreement becomes effective for the states joining it and the international organizations from date of delivery to depositary of the document on accession to this agreement. From date of delivery of the first such document and until this agreement remains multilateral, functions of depositary are performed by the Ministry of Foreign Affairs of the Russian Federation.

Article 4.

Each participant of this agreement can leave structure of Bank, having sent to depositary the written notice of the intention and having satisfied the conditions provided by the Charter of Bank.

This agreement stops the action for such participant in day of final settlement of the relations between Bank and this participant according to the Charter of Bank.

Article 5.

With the consent of all his participants changes and additions which are drawn up by separate protocols can be made to this agreement.

Article 6.

The disagreements connected using or interpretation of provisions of this agreement, are regulated by his participants by negotiations and consultations.

Article 7.

This agreement becomes effective from the date of receipt through diplomatic channels of the last written notice of accomplishment by Contracting Parties of the interstate procedures necessary for its entry into force.

Provisions of Item 4 of article 8 of the Charter of Bank are applied temporarily from the date of the signature of this agreement.

It is made in Astana on January 12, 2006 in duplicate in Russian.

 

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