BWBV0004742
Artikel 18
Verdrag tot oprichting van de Bank voor Economische Samenwerking en Ontwikkeling in het Midden-Oosten en Noord-Afrika
a). In case of a direct loan made by the Bank, the borrower shall be permitted by the Bank to draw its funds only to meet expenditures as they are actually incurred.
b). In its financial operations, the Bank shall place no restriction upon the procurement of goods and services from any member, and shall, in all appropriate cases, make its loans and other operations conditional on international invitations to tender being arranged.
c). The Bank shall take the necessary measures to ensure that the proceeds of any loan made, guaranteed or participated in by the Bank, or any equity investment made by the Bank, are used only for the purposes for which the loan or the equity investment was made and with due attention to considerations of economy and efficiency.
b). In its financial operations, the Bank shall place no restriction upon the procurement of goods and services from any member, and shall, in all appropriate cases, make its loans and other operations conditional on international invitations to tender being arranged.
c). The Bank shall take the necessary measures to ensure that the proceeds of any loan made, guaranteed or participated in by the Bank, or any equity investment made by the Bank, are used only for the purposes for which the loan or the equity investment was made and with due attention to considerations of economy and efficiency.
- Citeren als
- Art. 18
- Status
- Geldend recht
- Identificatie
- BWBV0004742
- Officiële bron
- wetten.overheid.nl