The Government of the Republic of South Africa and the New Development Bank (hereinafter jointly referred to as the "Parties" and in the singular as a "Party ");

TAKING INTO ACCOUNT the Agreement on the New Development Bank and its Annex on the Articles of Agreement of the New Development Bank between the Governments of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People's Republic of China and the Republic of South Africa, signed on 15 July 2014;

RECALLING the Fortaleza Declaration adopted at the Sixth BRICS Summit held in Fortaleza, Brazil, on 15 July 2014, that provided that the New Development Bank, Africa Regional Centre shall be established in the Republic of South Africa;

FURTHER RECALLING Article 4 of the Articles of Agreement of the New Development Bank contained in the Annex to the Agreement on the New Development Bank, stipulates that the first regional office of the New Development Bank shall be in Johannesburg;

DESIROUS THEREFORE to conclude an agreement regarding the hosting of the New Development Bank, Africa Regional Centre in Johannesburg in the Republic of South Africa;

HAVE AGREED as follows: