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Article 30 Overeenkomst tot oprichting van het Afrikaanse Ontwikkelingsfonds

Organization and management

(1) The President of the Bank shall be ex officio President of the Fund. He shall be Chairman of the Board of Directors but shall have no vote. He may participate in meetings of the Board of Governors but shall not vote.

(2) The President shall be the legal representative of the Fund.

(3) In the event that the President of the Bank is absent or his office should become vacant, the person for the time being designated to perform the duties of President of the Bank shall act as President of the Fund.

(4) Subject to Article 26, the President shall conduct the ordinary business of the Fund and, in particular, shall:

(i) propose the operating and administrative budgets;

(ii) propose the overall financing programme;

(iii) arrange for the study and appraisal of projects and programmes for financing by the Fund in accordance with Article 15 (3);

(iv) draw, as needed, on the officers, staff, organization, services and facilities of the Bank to carry out the business of the Fund and shall be responsible to the Board of Directors for ensuring and controlling the proper organization, staffing and services provided under Article 22; and

(v) engage the services of such personnel, including consultants and experts, as may be needed by the Fund, and may terminate such services.

Regeling
Overeenkomst tot oprichting van het Afrikaanse Ontwikkelingsfonds
Soort
Verdrag
Geldend vanaf
04-07-2003
BWB-id
BWBV0003816
Versie
2003-07-04_0

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