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Article 2 Functions

Article 2
Functions

 

To implement its purpose, the Bank shall have the following functions:

(i) to promote investment in the region of public and private capital for development purposes, in particular for development of infrastructure and other productive sectors;

(ii) to utilize the resources at its disposal for financing such development in the region, including those projects and programs which will contribute most effectively to the harmonious economic growth of the region as a whole and having special regard to the needs of less developed members in the region;

(iii) to encourage private investment in projects, enterprises and activities contributing to economic development in the region, in particular in infrastructure and other productive sectors, and to supplement private investment when private capital is not available on reasonable terms and conditions; and

(iv) to undertake such other activities and provide such other services as may further these functions.