Methods of Making or Facilitating Loans. (a) The Bank may make or facilitate loans which satisfy the general conditions of Article III in any of the following ways:
(i) By making or participating in direct loans out of its own funds corresponding to its unimpaired paid-up capital and surplus and, subject to Section 6 of this Article, to its reserves.
(ii) By making or participating in direct loans out of funds raised in the market of a member, or otherwise borrowed by the Bank.
(iii) By guaranteeing in whole or in part loans made by private investors through the usual investment channels.
(b) The Bank may borrow funds under (a) (ii) above or guarantee loans under (a) (iii) above only with the approval of the member in whose markets the funds are raised and the member in whose currency the loan is denominated, and only if those members agree that the proceeds may be exchanged for the currency of any other member without restriction.
Methods of Making or Facilitating Loans. (a) The Bank may make or facilitate loans which satisfy the general conditions of Article III in any of the following ways:
(i) By making or participating in direct loans out of its own funds corresponding to its unimpaired paid-up capital and surplus and, subject to Section 6 of this Article, to its reserves.
