African Development Bank

This executive order designates the African Development Bank as a public international organization under the International Organizations Immunities Act, granting it privileges, exemptions, and immunities. It also delegates specific presidential functions related to U.S. participation in the bank to the Secretary of the Treasury.

48 FR 6087

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Key directives

Designate African Development Bank as public international organization entitled to IOIA privileges, exemptions, and immunities
Delegate presidential functions under Public Law 97-35 Sections 1333(c), 1334, 1338(a), and 1341(b) to Secretary of the Treasury
Preserve existing treaty-based and Congressional privileges and immunities
Maintain applicability of specific Agreement articles (Article 52 Section 1, Article 57, Article 64 Declaration)

Who is ordered

Secretary of the Treasury · Treasury

Timeline

Immediate

Designation of African Development Bank as public international organization under IOIA takes effect
Delegation of presidential functions to Secretary of Treasury

Near term (90d)

—

Long term

Ongoing U.S. participation in African Development Bank with defined institutional immunities
Continued Treasury Department management of U.S. financial and policy commitments to the bank

Risks & tensions

Delegation to Treasury consolidates control over multilateral development bank policy within executive branch, reducing congressional visibility
Preservation clause in Section 1 creates potential overlap/conflict between IOIA immunities and treaty-based immunities requiring future clarification
No specific appropriations or financial caps established in this order—fiscal commitments governed by separate statute