International Organisations (Immunities and Privileges) (Multilateral Investment Guarantee Agency) Order

MIGA is an organisation of the nature indicated in section 2(1) of the Act and shall have the legal capacity of a body corporate.

MIGA has the like inviolability of official archives as is accorded in respect of the official archives of an envoy of a foreign sovereign Power accredited to the President of Singapore.

MIGA shall have the like exemption or relief from taxes and rates, other than import, export or excise duties on any article, as is accorded to a foreign sovereign Power.

MIGA shall have exemption from tax on the importation of goods directly imported by it for its official use in Singapore or for exportation, or on the importation of any of the publications of MIGA directly imported by it, such exemption to be subject to compliance with such conditions as the Director-General of Customs and Excise may prescribe for the protection of revenue.

[Deleted by S 91/2020 wef 06/02/2020]

This Order may be cited as the International Organisations (Immunities and Privileges) (Multilateral Investment Guarantee Agency) Order.

In this Order, unless the context otherwise requires —“asset” includes the assets of the Sponsorship Trust Fund referred to in Annex I of the Convention and other assets administered by MIGA in furtherance of its objective;“Chairman” means the person selected as Chairman by the Council of Governors under Article 31(b) of the Convention;“Convention” means the Convention Establishing the Multilateral Investment Guarantee Agency;“Director” means a member of the Board of Directors mentioned in Article 30 of the Convention;“Governor” means a member of the Council of Governors mentioned in Article 30 of the Convention;“member” means a State which is a party to the Convention;“MIGA” means the Multilateral Investment Guarantee Agency established under the Convention;“President” means the President of MIGA mentioned in Article 30 of the Convention.