Africa Export-Import Bank (Membership of Zimbabwe and
Branch Office Agreement) Act, 2005
Article XXI
Wherever this Agreement imposes obligations on the Appropriate Authorities of the
Republic of Zimbabwe, ultimate responsibility for the fulfilment of such obligations shall rest
with the Government.
Article XXII
The Government hereby undertakes to provide to the Bank specific facilities and financial
incentives set forth in the Memorandum of Understanding attached as a Schedule to the present
Agreement. The Schedule is incorporated herein and forms an integral part of this Agreement.
PART XI
Settlement of Disputes
Article XXIII
Any dispute between the Bank and the Government concerning the interpretation or
application of this Agreement or of any supplementary agreement which is not settled by
negotiation or other agreed mode of settlement, shall be referred for final decision to a tribunal
of three arbitrators: one to be appointed by the President; one to be appointed by the Minister
for the time being responsible for Foreign Affairs of the Republic of Zimbabwe and the third,
who shall be Chairman of the tribunal, to be chosen by the first two arbitrators. Should the first
two arbitrators fail to agree upon the third arbitrator or should either party fail to appoint an
arbitrator within one month of receipt of notice of arbitration addressed by the other party, such
arbitrators shall be appointed by the President of the International Court of Justice at the request
of the President or the Government.
PART XII
Final Provisions
This Agreement shall cease to be in force:
(a) by mutual accord of the Parties hereto; and
(b) if the Harare Branch is removed from the territory of the Republic of Zimbabwe.
IN WITNESS WHEREOF, the undersigned plenipotentiaries, duly authorised for this
purpose, have signed the present Agreement.
DONE AT Harare this 18th day of July, 1996, in two originals in the English language both
texts being equally authentic.
FOR THE AFRICAN EXPORTIMPORT BANK
CHRISTOPHER EDORDU
PRESIDENT
FOR THE GOVERNMENT OF THE
REPUBLIC OF ZIMBABWE
ISACK STANISLAUS
GORERAZVO MUDENGE
MINISTER OF FOREIGN AFFAIRS
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