Progetto

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.