No tax of any kind shall be levied on any obligation or security guaranteed by the Bank, including any divide… — Asian Development Bank Act, 1966

. No tax of any kind shall be levied on any obligation or security guaranteed by the Bank, including any dividend or interest thereon, by whomsoever held:

4 . No tax of any kind shall be levied on any obligation or security guaranteed by the Bank, including any dividend or interest thereon, by whomsoever held: (i) which discriminates against such obligation or security solely because it is guaranteed by the Bank; or (ii) if the sole jurisdictional basis for such taxation is the location of any office or place of business maintained by the Bank . ARTICLE 58 WAIVER OF IMMUNITIES, EXEMPTIONS AND PRIVILEGES The Bank as its discretion may waive any of the privileges, immunities and exemptions conferred under this Chapter in any case or instance, in such manner and upon such conditions as it may determine to be appropriate in the best interests of the Bank .

Section 4