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Schedule B — Special arrangements for the least developed countries, pursuant to article 10, paragraph 5 Overeenkomst tot instelling van het Gemeenschappelijk Fonds voor Grondstoffen

Special arrangements for the least developed countries, pursuant to article 10, paragraph 5

1. Members in the category of least developed countries as defined by the United Nations shall pay the Shares referred to in article 9, paragraph 1 (b), in the following manner:

a) A payment of 30 per cent shall be made in three equal instalments over a period of three years;

b) A subsequent payment of 30 per cent shall be made in instalments as and when decided by the Executive Board;

c) After payment of (a) and (b) above, the remaining 40 per cent shall be evidenced by members by the deposit of irrevocable, non-negotiable non-interest-bearing promissory notes, and shall be paid as and when decided by the Executive Board.

2. Notwithstanding the provisions of article 31, a least developed country shall not be suspended from its membership for its failure to fulfil the financial obligations referred to in paragraph 1 of this schedule without being given the full opportunity to represent its case, within a reasonable period of time, and satisfy the Governing Council of its inability to fulfil such obligations.

Regeling
Overeenkomst tot instelling van het Gemeenschappelijk Fonds voor Grondstoffen
Soort
Verdrag
Geldend vanaf
10-01-2016
BWB-id
BWBV0003602
Versie
2016-01-10_0

In de hele regeling · Officiële tekst op wetten.overheid.nl