Executive Order 12647

By virtue of the authority vested in me as President by the Constitution and laws of the United States of America, including Section I of the International Organizations Immunities Act (22 U.S.C. 288), Reorganization Plan No. 4 (30 F.R. 9353), and the Multilateral Investment Guarantee Agency Act (22 U.S.C. 290k), and in order to facilitate U.S. participation in the Multilateral Investment Guarantee Agency, it is hereby ordered that:

Section 1. The Multilateral Investment Guarantee Agency, in which the United States participates pursuant to P.L. 100-202 and the Convention establishing the Multilateral Investment Guarantee Agency, is hereby designated as a public international organization entitled to enjoy the privileges, exemptions, and immunities conferred by the International Organizations Immunities Act. This designation is not intended to abridge in any respect the privileges and immunities that such organization has acquired or may acquire by international agreements or by statute.

Sec. 2. Executive Order No. 11269, as amended, is further amended by deleting "and Inter-American Investment Corporation," and adding "Inter-American Investment Corporation, and Multilateral Investment Guarantee Agency" in sections 2(c), 3(d), and 7, respectively.

RONALD REAGAN The White House, August 2, 1988.

[Filed with the Office of the Federal Register, 4:26 p.m., August 2, 1988]