Miscellaneous Powers of the Bank. In addition to the powers specified elsewhere in this Chapter, the Bank shall have the power to: (a) borrow funds and in that connection to furnish such collateral or other security therefor as the Bank shall determine, provided that, before making a sale of its obligations in the markets of a Party, the Bank shall have obtained the approval of that country and of the Party in whose currency the obligations are denominated; (b) invest funds not needed in its operations in such obligations as it may determine; (c) guarantee securities in its portfolio for the purpose of facilitating their sale; and (d) exercise such other powers as shall be necessary or desirable in furtherance of its purposes and functions, consistent with the provisions of this Chapter.
Appears in 4 contracts
Samples: Agreement Concerning the Establishment of a North American Development Bank, Agreement Concerning the Establishment of a North American Development Bank, Protocol of Amendment
