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a). To achieve the purposes of the Bank, and to implement the basic principles for its financial operations set forth in paragraph a) of Article 9 of this Agreement, the Board of Directors may authorize the Bank to exercise any or all of the following authorities, consistent with prudent financial management practices and the evolving needs of the region. The Bank may:
(i) make or participate in, or provide guarantees for, loans;
(ii) invest in the equity capital of enterprises; and/or
(iii) provide financial advice, training in economic, managerial, financial and legal issues, research, and other forms of technical assistance; in providing assistance to private sector enterprises, the Bank may help them in coordinating with investment promotion agencies and other financing facilities, and in overcoming obstacles to investment in the region.
b). The Bank may exercise its authorities to provide support:
(i) for any private sector enterprise in a member;
(ii) for the development of infrastructure, and other projects, with significant economic benefits for the region, with special emphasis on private sector participation; or
(iii) for any state-owned enterprise in a process of privatization provided that the enterprise operates autonomously without subsidies in a competitive market environment and is subject to bankruptcy laws.