BWBV0004742
Artikel 9
Verdrag tot oprichting van de Bank voor Economische Samenwerking en Ontwikkeling in het Midden-Oosten en Noord-Afrika
a). The principal focus of the Bank, in its financial operations, shall be to:
(i) support projects that have a regional character, or that would have a significant beneficial impact on the region, in particular, infrastructure projects; and
(ii) support and stimulate the growth of the private sector in the region, including private sector local and regional projects, joint ventures, and small and medium-sized enterprises, and foster private and entrepreneurial initiative.
b). The Board of Directors shall assure implementation of these basic principles by periodically reviewing the Bank's portfolio, by providing guidance to the President, or by taking such other action as it deems appropriate.
(i) support projects that have a regional character, or that would have a significant beneficial impact on the region, in particular, infrastructure projects; and
(ii) support and stimulate the growth of the private sector in the region, including private sector local and regional projects, joint ventures, and small and medium-sized enterprises, and foster private and entrepreneurial initiative.
b). The Board of Directors shall assure implementation of these basic principles by periodically reviewing the Bank's portfolio, by providing guidance to the President, or by taking such other action as it deems appropriate.
- Citeren als
- Art. 9
- Status
- Geldend recht
- Identificatie
- BWBV0004742
- Officiële bron
- wetten.overheid.nl