Executive Order 11334—Enjoyment of Certain Privileges, Exemptions, and Immunities by the Asian Development Bank and Coordination of United States Policies With Regard to the Bank

By virtue of the authority vested in me by Reorganization Plan No. 4 of 1965 (30 F.R. 9353), by section 4 of the Asian Development Bank Act, approved March 16, 1966 (Public Law 89-369), and by section 1 of the International Organizations Immunities Act (59 Stat. 669; 22 U.S.C. 288), and as President of the United States, it is ordered as follows:

SECTION 1. (a) The Asian Development Bank, an organization in which the United States participates under the authority of the Asian Development Bank Act, is hereby designated as a public international organization entitled to enjoy the privileges, exemptions, and immunities conferred by the International Organizations Immunities Act.

(b) The foregoing designation shall not be (1) deemed to abridge in any respect privileges, exemptions, and immunities which that organization may have acquired or may acquire by treaty or congressional action, or (2) construed to affect in any way the applicability of the provisions of Article 50 of the Agreement Establishing the Asian Development Bank as adopted by the Congress in the Asian Development Bank Act.

SEC. 2. Executive Order No. 11269 of February 14, 1966, is amended as follows:

(1) By adding at the end of section 2 the following new subsection.

"(c) The Council shall perform with respect to the Asian Development Bank, the same functions as those delegated to it by subsections (a) and (b) of this section with respect to other international financial institutions."

(2) By adding at the end of section 3 thereof the following new subsection:

"(d) The Secretary of the Treasury shall perform, with respect to the Asian Development Bank, the same functions as those delegated to him by subsections (a) and (b) of this section with respect to other international financial institutions."

LYNDON B. JOHNSON

The White House

March 7, 1967