wetgit/rijk
1
0
Fork 0
Code Issues Pull requests Projects Releases Packages Wiki Activity Actions

2019-09-10 | BWBV0003787 | Overeenkomst tot instelling van het Internationaal Fonds voor Agrarische Ontwikkeling

Browse source
This commit is contained in:
Coornhert 2019-09-10 12:00:00 +00:00
parent 97c287fa6a
commit 8175d2b179
1 changed files with 3 additions and 3 deletions
Show stats Download patch file Download diff file Expand all files Collapse all files

6
verdrag/overeenkomst-tot-instelling-van-het-internationaal-fonds-voor-agrarische-ontwikk/BWBV0003787/README.md
View file

@ -148,7 +148,7 @@ The Fund shall publish an annual report containing an audited statement of its a
### Artikel 7
(a) The resources of the Fund shall be used to achieve the objective specified in Article 2.
(b) Financing by the Fund shall be provided only to developing States that are Members of the Fund or to intergovernmental organizations in which such Members participate. In the case of a loan to an intergovernmental organization, the Fund may require suitable governmental or other guarantees.
(b) Financing by the Fund shall be provided only for the benefit of developing States that are Members of the Fund. Such financing may be provided directly to developing Member States or through intergovernmental organizations in which such Members participate or to, or through, private sector organizations and enterprises. In the case of a loan to an intergovernmental organization, the Fund may require suitable governmental or other guarantees.
(c) The Fund shall make arrangements to ensure that the proceeds of any financing are used only for the purposes for which the financing was provided, with due attention to considerations of economy, efficiency and social equity.
(d) In allocating its resources the Fund shall be guided by the following priorities:
@ -158,12 +158,12 @@ 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, 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.
(a) Financing by the Fund may take the form of loans, grants, a debt sustainability mechanism, equity or other means, which shall be provided on such terms as the Fund deems appropriate, having regard for the economic situation and prospects of the Member and 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, debt sustainability mechanisms, equity or other means, 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.
(f) The loan agreement shall be concluded in each case by the Fund and the recipient, which shall be responsible for the execution of the project or programme concerned.
(f) The loan agreement, or other agreements, as may be relevant, shall be concluded in each case by the Fund and the recipient which shall be responsible for the execution of the project or programme concerned.
(g) Except as the Executive Board shall otherwise decide, the Fund shall entrust the administration of loans, for the purposes of the disbursement of the proceeds of the loan and the supervision of the implementation of the project or programme concerned, to competent national, regional, international or other institutions or entities. Such institutions or entities shall be of a world-wide, regional or national character and shall be selected in each case with the approval of the recipient. Before submitting the loan to the Executive Board for approval, the Fund shall assure itself that the institution or entities to be entrusted with the supervision agrees with the results of the appraisal of the project or programme concerned. This shall be arranged between the Fund and the institution or agency in charge of the appraisal as well as with the institution or entities to be entrusted with the supervision.
(h) For the purposes of subsections (f) and (g) above, references to “loans” shall be deemed to include “grants”.
(i) The Fund may extend a line of credit to a national development agency to provide and administer subloans for the financing of projects and programmes within the terms of the loan agreement and the frames work agreed to by the Fund. Before the Executive Board approves the extension of such a line of credit, the national development agency concerned and its programme shall be appraised in accordance with the provisions of subsection (e). Implementation of the said programme shall be subject to supervision by the institutions selected in accordance with the provisions of subsection (g).