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Article 8 Verdrag tot oprichting van de Bank voor Economische Samenwerking en Ontwikkeling in het Midden-Oosten en Noord-Afrika

ECONOMIC COOPERATION

a) The Bank shall have a Forum for Economic Cooperation (hereinafter referred to as the “Forum”) composed of the regional members of the Bank.

b) The purpose of the Forum shall be to enable and encourage regional members, by discussion and dialogue, and agreement where appropriate, to:

(i) promote the efficient use of the economic resources of the region, social well-being, and economic growth and internal and external financial stability in the region, and, in particular, facilitate economic cooperation within the region;

(ii) promote macroeconomic, sectoral and regulatory policies that create a conducive environment for entrepreneurial activity;

(iii) coordinate and recommend regional economic priorities; and

(iv) pursue efforts to increase and promote both intra-regional and external investment and trade in goods and services, and to promote trade and investment liberalization, inter alia, by promoting the free movement of goods, services, persons and capital in the region, and the harmonization of regulatory regimes.

c) The regional members shall select a Chairperson from the region, and shall determine the operating rules and procedures of the Forum, which may permit periodic meetings, at the Ministerial or expert level, and participation as appropriate of non-regional members in meetings of the Forum. With a view to achieving the purposes of the Forum, the regional members agree that they will:

(i) keep each other informed and furnish the Bank with the information necessary for the accomplishment of its tasks;

(ii) consult together at a policy level on a continuing basis, and carry out studies and participate in agreed projects;

(iii) cooperate closely with each other and where appropriate take coordinated action; and

(iv) cooperate with the non-regional members of the Bank as appropriate.

d) The President of the Bank (hereinafter referred to as the “President”) shall provide the Secretariat and logistical services for the operations and deliberations of the Forum. The Secretariat may provide the Forum at its request with economic analyses, coordinating as appropriate with other international institutions. The Secretariat shall be responsible for generally informing the Board of Directors and the Forum about each other's activities, with a view toward promoting Forum activities that will enhance the effectiveness of Bank operations.

e) The Forum shall have no authority over other organs of the Bank.

Regeling
Verdrag tot oprichting van de Bank voor Economische Samenwerking en Ontwikkeling in het Midden-Oosten en Noord-Afrika
Soort
Verdrag
Geldend vanaf
28-08-1996
BWB-id
BWBV0004742
Versie
1996-08-28_0

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