c) In the event of disagreement between the bank and a country that is no longer a member, or between the bank and a member during the permanent suspension of the bank, this disagreement is submitted by an arbitral tribunal with three arbitrators appointed by the bank, another by the country concerned and an arbitrator to whom, unless the parties agree otherwise, it is subject to an arbitration tribunal. , is appointed by the President of the Permanent Court of the International Court of Justice or by any other authority prescribed by the Regulation adopted by the Bank. The arbitrator has full authority to resolve all procedural issues in any event if the parties do not agree on this issue. This agreement enters into force if it has been signed on behalf of governments whose minimum subscriptions represent at least sixty-five per cent of the total schedule A subscriptions, and if the instruments covered in Section 2 (a) of this article have been filed on their behalf, but do not come into force until May 1. 1 United Nations Monetary and Financial Conference, Bretton Woods, New Hampshire, July 1 and 22, 1944 Final Act and Related Documents, 68-95, Departmmt of State publication 2187, Conference Series 55; Also, publication of the Ministry of Foreign Affairs 2511, treaties and other international laws series 1502. Signing of the agreement of December 27, 1945 in Washington; Effective December 27, 1945. Public Law 171, 79th Cong., lst sess, H. R. 3314: An Act (“Bretton Woods Agreements Act”) to provide for U.S. participation in the International Monetary Fund and the International Bank for Reconstruction and Development, was approved on July 31, 1945. The agreement establishing formal relations between the Bank and the United Nations was approved by the General Assembly on 15 November 1947. Back 4. If a member has not reached an agreement with the Fund within the three-month period mentioned, the Fund uses the currencies of other members assigned to that member in c) 2) to repay the currency of that member that has been allocated to other members.

Any currency awarded to a member who has not reached an agreement is used, as far as possible, to exchange currency allocated to members who have entered into agreements with the Fund under 3.