No tax of any kind shall be levied on any obligation or security guaranteed by the Bank, including any divide… — African Development Bank Act, 1983

. 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 NOTIFICATION OF IMPLEMENTATION Each member shall promptly inform the Bank of the specific action which it has taken to make effective in its territory the provisions of this Chapter . ARTICLE 59 APPLICATION OF IMMUNITIES, EXEMPTIONS AND PRIVILEGES The immunities, exemptions and privileges provided in this Chapter are granted in the interests of the Bank. The Board of Directors may waive, to such extent and upon such conditions as it may determine, the immunities and exemptions provided in Articles 52, 54, 56 and 57 of this Agreement in cases where its action would in its opinion further the interests of the Bank. The President shall have the right and the duty to waive the immunity of any official in cases where, in his opinion, the immunity would impede the course of justice and can be waived without prejudice to the interests of the Bank .

Section 4