Artikel 20

1. The Bank shall have, in addition to the powers specified elsewhere in this Agreement, the power to:
(i) borrow funds in member countries or elsewhere, provided always that: a) before making a sale of its obligations in the territory of a country, the Bank shall have obtained its approval; and
b) where the obligations of the Bank are to be denominated in the currency of a member, the Bank shall have obtained its approval;
a) before making a sale of its obligations in the territory of a country, the Bank shall have obtained its approval; and
b) where the obligations of the Bank are to be denominated in the currency of a member, the Bank shall have obtained its approval;
(ii) invest or deposit funds not needed in its operations;
(iii) buy and sell securities, in the secondary market, which the Bank has issued or guaranteed or in which it has invested;
(iv) guarantee securities in which it has invested in order to facilitate their sale;
(v) underwrite, or participate in the underwriting of, securities issued by any enterprise for purposes consistent with the purpose and functions of the Bank;
(vi) de technical advice and assistance which serve its purposeand come within its functions;
(vii) exercise such other powers and adopt such rules and regulations as may be necessary or appropriate in furtherance of its purpose and functions, consistent with the provisions of this Agreement; and
(viii) conclude agreements of cooperation with any public or private entity or entities.
2. Every security issued or guaranteed by the Bank shall bear on its face a conspicuous statement to the effect that it is not an obligation of any Government or member, unless it is in fact the obligation of a particular Government or member, in which case it shall so state.