Common use of Functions and Powers Clause in Contracts

Functions and Powers. To fulfill its purpose, the Bank shall have the following functions and powers: a) to assist in the promotion of intra-regional trade, especially of capital goods, among the Member States; b) to finance productive projects and enterprises in the Member States; c) to cooperate with international development institutions and national finance and development agencies of the Member States; d) to establish and operate Special Funds for specific purposes, which are to be decided by the Board of Governors; e) to undertake research and surveys for promoting economic development of the region of the Member States or any of the Member States in order to stimulate development and transition; f) to further the aim of regional cooperation for development and to cooperate with the Member States to orient their development policies towards better utilization of their resources in a manner consistent with the objective of making their economies more complementary and of fostering the orderly growth of the economies of the Member States and acting as an advisor in designing sound economic policies; g) to promote investment in economic and social infrastructure projects in the Member States, by way of guarantees, participations and other financial arrangements in both the public and the private sectors; h) to undertake such other activities and provide such other services as may advance its purpose.