Sec. 3.1. appointment of governors, executive directors, and alternates

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## Sec. 3.1 appointment of governors, executive directors, and alternates **[**[22 U.S.C. 286a](/us/usc/t22/s286a)**]** ###

(a)The President, by and with the advice and consent of the Senate, shall appoint a governor of the Fund who shall also serve as governor of the Bank, and an executive director of the Fund and an executive director of the Bank. The executive directors so appointed shall also serve provisional executive directors of the Fund and the Bank for the purposes of the respective Articles of Agreement. The term of office for the governor of the Fund and of the Bank shall be five years. The term of office for the executive directors shall be two years, but the executive directors shall remain in office until their successors have been appointed. 1See sec. 3 of the International Finance Corporation Act. See sec. 3 of the International Development Association Act. ###

(b)The President, by and with the advice and consent of the Senate, shall appoint an alternate for the governor of the fund and an alternate for the governor of the Bank.2 The President, by and with the advice and consent of the Senate, shall appoint an alternate for each of the executive directors. The alternate for each executive director shall be appointed from among individuals recommended to the President by the executive director. The terms of office for alternates for the governor and the executive directors shall be the same as the terms specified in subsection

(a)for the governor and executive directors. 2Public Law 93–94 (87 Stat. 314) substituted the words “and an alternate for the governor of the Bank” for “who shall also serve as alternate for the governor of the bank”. ### (c)3 Should the provisions of Schedule D of the Articles of Agreement of the Fund apply, the Governor of the Fund shall also serve as councillor, shall designate an alternate for the councillor, and may designate associates. 3Upon entry into force on Apr. 1, 1978 of the amendments to the Articles of Agreement to the IMF, subsecs.

(c)and (d), as provided for in sec. 2 of Public Law 94–564, became effective. The old subsec.

(c)language which was struck was essentially the same as the new subsec. (d)(1) but without references to the councillor or associate. ### (d)3 #### (1)4 No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor, executive director, councillor, alternate, or associate. 4Sec. 2 of Public Law 95–435 (92 Stat. 1051) added the paragraph designation “(1)” and added pars.

(2)and (3). #### (2)4 The United States executive director of the Fund shall not be compensated by the Fund at a rate in excess of the rate provided for an individual occupying a position at level IV of the Executive Schedule under section 5315 of title 5, United States Code. The United States alternate executive director of the Fund shall not be compensated by the Fund at a rate in excess of the rate provided for an individual occupying a position at level V of the Executive Schedule under section 5316 of title 5, United States Code. #### (3)4 The Secretary of the Treasury shall instruct the United States executive director of the Fund to present to the Fund's Executive Board a comprehensive set of proposals, consistent with maintaining high levels of competence of Fund personnel and consistent with the Articles of Agreement, with the objective of assuring that salaries and other compensation accorded Fund employees do not exceed those received by persons filling similar levels of responsibility within national government service or private industry. The Secretary shall report these proposals together with any measures adopted by the Fund's Executive Board to the Congress prior to February 1, 1979.

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