DS9 Document EFTA00587876

I Funding Agreement for economic advice between 1" of January 2014 to 31 December 2014 between the National Bank of Kazakhstan and the International Peace Institute Economic advice provided by IPI and its advisors will focus on the following areas: i. Establishing and maintaining a suitable exchange rate regime in the face of likely financial instability and exchange rate fluctuation in Russia. ii. Efficiently deploying rapidly growing reserves to maximize financial and political advantages. This poses a particularly challenging problem in a world where returns on industrial country bonds are low and likely to remain low for a protracted period. iii. Maintaining a multi-vector approach to international economic policy in a world where Russian truculence is increasing, America may be turning inwards, and China is becoming increasingly assertive. iv. Assuring full participation in all aspects of the global economic system while maintaining involvement in the Eurasian Union. v. Remaining attractive as a target for foreign investment in the face of regional political instability. Request for Funding In this context, the International Peace Institute seeks support from the National Bank of Kazakhstan, in order to finance the consultation and advice for the focus areas mentioned above, in the amount of USD 400,000. IPI proposes the following provisions to this Agreement: Article I Disbursement The contribution shall be given upon the entry into force of this Agreement or as may be agreed between the National Bank of Kazakhstan and the International Peace Institute. For purposes of receiving donor contributions by wire, the International Peace Institute uses the following bank account: EFTA00587876 2 International Peace Institute Raiffeisenlandesbank NO-Wien AG Looshaus, Michaelerplatz 3 1010 Vienna Austria IBAN: AT 163200000011234044 BIC/SWIFT: RLNWATWW Article H Meetings and Participants The International Peace Institute shall facilitate on a yearly basis i. one meeting in Kazakhstan between representatives of the National Bank of Kazakhstan and the International Peace Institute's economic advisors ii. three additional meetings in Europe and the United States between representatives of the National Bank of Kazakhstan and International Peace Institute's economic advisors The National Bank of Kazakhstan may decide at their sole discretion who shall participate at the meetings from their side. President Terje-Rod Larson and two economic advisors will participate at the meetings from the International Peace Institute. Article III Limitations The extent of the economic advice within this contract is limited to the four aforementioned meetings. Any additional consulting service such as policy papers, additional advice on topics of interest would require a new contract and remuneration agreement. Article IV Management of the Contribution and Procurements The use of the contribution from the National Bank of Kazakhstan and the management of funds shall comply with professionally accepted bookkeeping rules and practices. The International Peace Institute shall ensure that no illegal or corrupt practices relate to the use of the contribution. All procurements shall be made in accordance with generally accepted principles and good procurement practices. This Agreement is drawn in duplicate with one copy for the International Peace Institute and one for the Government of the Republic of Kazakhstan. EFTA00587877 3 « o June 2014 « » June 2014 National Bank of the Republic of For the International Peace Kazakhstan Institute National Bank of the Republic of The International Peace Institute, Kazakhstan Vienna EFTA00587878