Verdrag tussen het Koninkrijk der Nederlanden, ten behoeve van Sint Maarten, en de Internationale Bank voor Wederopbouw en Ontwikkeling en de Internationale Financieringsmaatschappij inzake de vestiging en het functioneren van een kantoor op Sint Maarten

Agreement between the Kingdom of the Netherlands, in respect of Sint Maarten, and the International Bank for Reconstruction and Development and the International Finance Corporation regarding the establishment and operation of an office in Sint Maarten

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;

Have agreed as follows:

Article

I

Definitions

Article

II

Purpose of the Agreement

This Agreement shall regulate matters relating to or arising out of the establishment and proper functioning of the Office of the World Bank Group Organizations in Sint Maarten including the privileges and immunities for the World Bank Group Organizations. It shall, inter alia, create conditions conducive to the stability and independence of the Office and facilitate its smooth and efficient functioning.

Article

III

The Office

Article

IV

Certain Immunities of the World Bank Group Organizations and the Office and its Staff

Article

V

Exemption from Taxation, Duties, and Fees

Article

VI

Privileges for Communications

Article

VII

Immunity from Legal Process

Article

VIII

Financial Facilities

Article

IX

Import and Export

The World Bank Group Organizations may import and export goods necessary for the operations of their Office without restrictions and prohibitions imposed by the Government of Sint Maarten. It is understood that articles imported under this exemption shall not be sold in Sint Maarten. The foregoing restriction on sales does not apply to the World Bank Group Organizations’ own products or goods. The publications of the World Bank Group Organizations shall be free of any prohibitions and restrictions on imports and exports.

Article

X

Final Provisions, Entry into Force and Termination

IN WITNESS WHEREOF, the representatives, being duly authorized thereto, have signed this Agreement.

DONE in Philipsburg, this 19th day of October 2022, in three originals, in the English language.

For the Kingdom of the Netherlands, in respect of Sint Maarten,

SILVERIA ELFRIEDA JACOBS

For International Bank for Reconstruction and Development,

OGO-OLUWATOYIN JAGHA

For International Finance Corporation,

OGO-OLUWATOYIN JAGHA