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Legal

IMPORTANT LEGAL INFORMATION PERTAINING TO THE WORLD BANK (IBRD & IDA) TREASURY WEB SITE

Your use of this International Bank for Reconstruction and Development ("IBRD") web site is subject to the conditions and qualifications described below. By using this web site, you agree to accept such conditions and qualifications. No Warranties; Limitation of Liability. This web site includes information, documents and materials (collectively, the "Content") that are subject to change without notice. IBRD expressly disclaims any obligation to keep Content up to date or free of errors or viruses, or to maintain uninterrupted access to this web site. This web site (including all Content) is provided "as is." Content is current only as of the date of such Content.

The IBRD assumes no responsibility for errors or omissions in any Content, including Content that are referenced by or linked to third party web sites. The IBRD makes no representations or warranties of any kind whatsoever for the Content or third party web sites or for any products or services mentioned or offered in the Content or in third party web sites.

The IBRD disclaims any express or implied warranties related to the use of this web site (including all Content and third party web sites), including, without limitation, merchantability, suitability, non-infringement, or fitness for any particular purpose.

The IBRD shall not be liable for any errors contained herein or for any damages whatsoever arising out of or related to the use of this web site (including all Content), including, without limitation, direct, indirect, incidental, special, consequential or punitive damages, whether under a contract, tort or any other theory of liability, even if the IBRD is aware of the possibility of such errors or damages.

No Offer or Solicitation Regarding Securities. This web site may include Content relating to certain IBRD securities. Any such Content is provided only for general informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any IBRD securities. The IBRD does not intend to solicit and is not soliciting any action with respect to any IBRD security through this web site. All Content should be read in conjunction with any other Content or other materials that they expressly supplement or that are incorporated by reference therein. All Content relating to securities should be read in conjunction with the appropriate prospectus and any applicable supplement thereto. The securities mentioned in Content may not be eligible for sale in certain jurisdictions or to certain persons. Investors considering purchasing an IBRD security should consult their own financial and legal advisors for information about such security, the risks and investment considerations arising from an investment in such security, the appropriate tools to analyze such investment, and the suitability of such investment to each investor's particular circumstances.

No Offer or Solicitation Regarding Services. This web site includes Content relating to certain investment advisory, technical assistance and related services as well as the associated fees. None of such Content constitutes a solicitation or offer by the IBRD or of the International Development Association ("IDA") to provide such services. Some services described in this web site may not be available to all clients. The Content is for the private, general information of the user and has been prepared without regard to any particular user's investment objectives, guidelines or financial situation. The IBRD and IDA may discontinue or make changes in the services described herein at any time without any prior notice and without any liability to you. Past performance can be no guarantee of future results.

No Guarantee as to Financial Results. IBRD and IDA do not warranty, guaranty or make any representation or warranties whatsoever, express or implied, or assume any liability to you regarding the results of the use of the investment advisory and technical assistance services, including without limitation any financial results based on the use of the services or information contained in the web site.

Consult with Advisors. The description of the services herein does not constitute a representation that the services are suitable or appropriate for the user. The user should not construe any of the material contained herein as business, financial, investment, technical or trading advice and the user should not act on any information herein without consulting its advisers concerning any contemplated use of the services.

Applicable Laws. The IBRD operates this site from its offices within the United States of America. The IBRD makes no representation that Content in the site are appropriate or available for use in other locations, and access to Content from jurisdictions where illegal is prohibited. Those who choose to access this site do so on their own initiative and are responsible for compliance with applicable laws of their jurisdictions.

Reservation of Rights. All Content (including, without limitation, the graphics, icons, and overall appearance of the web site and the Content) are the property of the IBRD. The IBRD does not waive any of its proprietary rights therein including, but not limited to, copyrights, trademarks and other intellectual property rights. No user of this web site may resell, republish, print, download, copy, retransmit or display (by use of an html "frame" or otherwise) any portion of this web site or the Content without the prior written consent of the IBRD, except that reasonable copying or printing for your own use is permissible.

The availability of any Content through this web site shall under no circumstance constitute a transfer of any copyrights, trademarks or other intellectual property rights of the IBRD to any web site user or any third party. This web site and the Content are protected by U.S. and international copyright laws, both as individual works and as a compilation. You may not delete any copyright or similar notice from any Content you obtain from this web site.

No Liability for Computer Viruses. The IBRD shall not be liable for any harm caused by the transmission, through the web site of a computer virus or other computer code or programming device that might be used to access, modify, delete, damage, corrupt disable, disrupt or otherwise impede in any manner the operation of the services or any of the your software, hardware data or property.

Use of the web site may be monitored. Use of the this web site may be monitored, tracked and recorded. Anyone using this web site expressly consents to such monitoring, tracking and recording.