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Article 13 Verdrag tot oprichting van de Bank voor Economische Samenwerking en Ontwikkeling in het Midden-Oosten en Noord-Afrika

FINANCIAL OPERATIONS

a) The total amount of outstanding loans, equity investments and guarantees made or issued by the Bank in its ordinary operations shall not be increased at any time, if by such increase the total amount of its unimpaired subscribed capital, reserves and surpluses included in its ordinary capital resources would be exceeded. The Board of Directors shall determine criteria and procedures for charging guarantees against this limit.

b) The Bank shall not issue guarantees for export credits. All loans made or guaranteed by the Bank, and all equity investment by the Bank, shall be for the purpose of specific projects. The Bank shall not engage in fast-disbursing policy-based lending.

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