From 205e26d262b0227b16005bcf127e4c103a8f4709 Mon Sep 17 00:00:00 2001 From: Coornhert Date: Fri, 22 Dec 2006 12:00:00 +0000 Subject: [PATCH] 2006-12-22 | BWBV0003787 | Overeenkomst tot instelling van het Internationaal Fonds voor Agrarische Ontwikkeling --- .../BWBV0003787/README.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/verdrag/overeenkomst-tot-instelling-van-het-internationaal-fonds-voor-agrarische-ontwikk/BWBV0003787/README.md b/verdrag/overeenkomst-tot-instelling-van-het-internationaal-fonds-voor-agrarische-ontwikk/BWBV0003787/README.md index a3067123167..78ce70b9657 100644 --- a/verdrag/overeenkomst-tot-instelling-van-het-internationaal-fonds-voor-agrarische-ontwikk/BWBV0003787/README.md +++ b/verdrag/overeenkomst-tot-instelling-van-het-internationaal-fonds-voor-agrarische-ontwikk/BWBV0003787/README.md @@ -157,8 +157,8 @@ The Fund shall publish an annual report containing an audited statement of its a Within the framework of the above-mentioned priorities, eligibility for assistance shall be on the basis of objective economic and social criteria with special emphasis on the needs of the low income countries and their potential for increasing food production, as well as due regard to a fair geographic distribution in the use of such resources. (e) Subject to the provisions of this Agreement, financing by the Fund shall be governed by broad policies, criteria and regulations laid down, from time to time, by the Governing Council by a two-thirds majority of the total number of votes. -(a) Financing by the Fund shall take the form of loans and grants, which shall be provided on such terms as the Fund deems appropriate, having regard to the economic situation and prospects of the Member and to the nature and requirements of the activity concerned. The Fund may also provide additional financing for the design and implementation of projects and programmes, financed by the Fund through loans and grants, as the Executive Board shall decide. -(b) The proportion of the Fund's resources to be committed in any financial year for financing operations in any of the forms referred to in subsection (a) shall be decided from time to time by the Executive Board with due regard to the long-term viability of the Fund and the need for continuity in its operations. The proportion of grants shall not normally exceed one eighth of the resources committed in any financial year. A large proportion of the loans shall be provided on highly concessional terms. +(a) Financing by the Fund shall take the form of loans, grants and a debt sustainability mechanism, which shall be provided on such terms as the Fund deems appropriate, having regard to the economic situation and prospects of the Member and to the nature and requirements of the activity concerned. The Fund may also provide additional financing for the design and implementation of projects and programmes, financed by the Fund through loans, grants and a debt sustainability mechanism, as the Executive Board shall decide. +(b) The proportion of the Fund’s resources to be committed in any financial year for financing operations in any of the forms referred to in subsection (a) shall be decided from time to time by the Executive Board with due regard to the long-term viability of the Fund and the need for continuity in its operations. The proportion of grants shall not normally exceed one-eighth of the resources committed in any financial year. A debt sustainability mechanism and the procedures and modalities therefor shall be established by the Executive Board and financing provided thereunder shall not fall within the abovementioned grant ceiling. A large proportion of the loans shall be provided on highly concessional terms. (c) The President shall submit projects and programmes to the Executive Board for consideration and approval. (d) Decisions with regard to the selection and approval of projects and programmes shall be made by the Executive Board. Such decisions shall be made on the basis of the broad policies, criteria and regulations established by the Governing Council. (e) For the appraisal of projects and programmes presented to it for financing, the Fund shall, as a general rule, use the services of international institutions and may, where appropriate, use the services of other competent agencies specialized in this field. Such institutions and agencies shall be selected by the Executive Board after consultation with the recipient concerned and shall be directly responsible to the Fund in performing the appraisal.