Inaugural Meeting and Commencement of Operations. 1. As soon as this Agreement enters into force, each member shall appoint a Governor, and the Depository shall call the inaugural meeting of the Board of Governors.
Inaugural Meeting and Commencement of Operations. 1. As soon as this Agreement enters into force under Article 62 of this Agreement, each member shall appoint a Governor. The Depository shall call the first meeting of the Board of Governors within sixty (60) days of entry into force of this Agreement under Article 62 or as soon as possible thereafter.
Inaugural Meeting and Commencement of Operations. 1. As soon as this Agreement enters into force, each member shall appoint a Governor, and the Depository shall call the inaugural meeting of the Board of Governors.
2. At its inaugural meeting, the Board of Governors:
(i) shall elect the President;
(ii) shall elect the Directors of the Bank in accordance with paragraph 1 of Article 25, provided that the Board of Governors may decide to elect fewer Directors for an initial period shorter than two years in consideration of the number of members and Signatories which have not yet become members;
(iii) shall make arrangements for the determination of the date on which the Bank shall commence its operations; and
(iv) shall make such other arrangements as necessary to prepare for the commencement of the Bank’s operations.
3. The Bank shall notify its members of the date of the commencement of its operations. DONE at Beijing, People’s Republic of China on June 29, 2015, in a single original deposited in the archives of the Depository, whose English, Chinese and French texts are equally authentic. Australia 36,912 3,691.2 Azerbaijan 2,541 254.1 Bangladesh 6,605 660.5 Brunei Darussalam 524 52.4 Cambodia 623 62.3 China 297,804 29,780.4 Georgia 539 53.9 India 83,673 8,367.3 Indonesia 33,607 3,360.7 Iran 15,808 1,580.8 Israel 7,499 749.9 Jordan 1,192 119.2 Kazakhstan 7,293 729.3 Korea 37,388 3,738.8 Kuwait 5,360 536.0 Kyrgyz Republic 268 26.8 Lao People’s Democratic Republic 430 43.0 Malaysia 1,095 109.5 Maldives 72 7.2 Mongolia 411 41.1 Myanmar 2,645 264.5 Nepal 809 80.9 New Zealand 4,615 461.5 Oman 2,592 259.2 Pakistan 10,341 1,034.1 Philippines 9,791 979.1 Qatar 6,044 604.4 Russia 65,362 6,536.2 Saudi Arabia 25,446 2,544.6 Singapore 2,500 250.0 Sri Lanka 2,690 269.0 Tajikistan 309 30.9 Thailand 14,275 1,427.5 Turkey 26,099 2,609.9 United Arab Emirates 11,857 1,185.7 Uzbekistan 2,198 219.8 Vietnam 6,633 663.3 Unallocated 16,150 1,615.0 TOTAL 750,000 75,000.0 Austria 5,008 500.8 Brazil 31,810 3,181.0 Denmark 3,695 369.5 Egypt 6,505 650.5 Finland 3,103 310.3 France 33,756 3,375.6 Germany 44,842 4,484.2 Iceland 176 17.6 Italy 25,718 2,571.8 Luxembourg 697 69.7 Malta 136 13.6 Netherlands 10,313 1,031.3 Norway 5,506 550.6 Poland 8,318 831.8 Portugal 650 65.0 South Africa 5,905 590.5 Spain 17,615 1,761.5 Sweden 6,300 630.0 Switzerland 7,064 706.4 United Kingdom 30,547 3,054.7 Unallocated 2,336 233.6 TOTAL 250,000 25,000.0 The Board of Governors shall prescribe rules for the conduct of each election of Directors, in accord...
