INCORPORATION AND PRINCIPAL FUNCTIONS Sample Clauses

INCORPORATION AND PRINCIPAL FUNCTIONS. The Cayman Islands Development Bank (CIDB) was established under the Cayman Islands Development Bank Law, 2001 (Law 34 of 2001) which came into force on 1 March, 2002. On the enactment of the CIDB Law, two former statutory financial institutions, the Agricultural and Industrial Development Board (AIDB) and the Housing Development Corporation (HDC) were dissolved and their functions as well as their assets and liabilities were transferred to the Bank. The principal function of the CIDB is “to mobilise and provide finance for and promote and facilitate the expansion and strengthening of the economic development of the Islands”.
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INCORPORATION AND PRINCIPAL FUNCTIONS. The Cayman Islands Development Bank (CIDB) was established under the Cayman Islands Development Bank Law, 2001 (Law 34 of 2001) which came into force on 1 March, 2002. 7KH SULQFLSDO IXQFWLRQ RI WKH &,'% LV ³teWaRnd fPacRilitEateLtOheLVH DQ H[SDQVLRQ DQG VWUHQJWKHQLQJ RI WKH HFRQRPLF GHYHORSPHQW
INCORPORATION AND PRINCIPAL FUNCTIONS. The Cayman Islands Development Bank (CIDB) was established under the Cayman Islands Development Bank Law (2004 Revision) which came into force on 1 March, 2002. The principal function of CIDB is to mobilise, promote, facilitate, and provide finance for the expansion and strengthening of the economic development of the Islands. The Bank does this by providing financing for tertiary education, housing, agriculture and the development of small businesses.

Related to INCORPORATION AND PRINCIPAL FUNCTIONS

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