Directors shall hold office for a term of three (3) years and may be re-elected, provided that the first Board of Directors shall be elected by the Board of Governors at its inaugural meeting, and shall hold office until the next immediately following annual meeting of the Board of Governors or, if that Board shall so decide at that annual meeting, until its next subsequent annual meeting.
Direktorji opravljajo to dolžnost tri (3) leta in so lahko znova izvoljeni, če svet guvernerjev izvoli prvi odbor direktorjev na svojem otvoritvenem zasedanju, in opravlja to dolžnost do prvega naslednjega letnega zasedanja sveta guvernerjev ali, če slednji svet tako odloči na svojemu letnem zasedanju, vse do naslednjega letnega zasedanja.