16 DE JULHO DE 1983

659

article shall be made to the Trustee referred to in article 66.

Article 8 Special Funds

1 — The Bank may establish or be entrusted with the administration of Special Funds which are designed to serve its purpose and come within its functions. It may receive, hold, use, commit or otherwise dispose of resources appertaining to such Special Funds.

2 — The resources of such Special Funds shall be kept separate and apart from the ordinary capital resources of the Bank in accordance with provisions of article 11 of this Agreement.

3 — The Bank shall adopt such special rules and regulations as may be required for the administration and use of each Special Fund, provided always that:

a) Such special rules and regulations shall be

subject to paragraph 4 of article 7,* and articles 9 to 11 and those provisions of this Agreement wruch expressly apply to the ordinary capital resources or ordinary operations of the Bank;

b) Such special rules and regulations must be

consistent with provisions of this Agreement which expressly apply to special resources or special operations of the Bank; and that

c) Where such special rules and regulations do

not apply Special Funds shall be governed by the provisions of this Agreement.

Article 9 Ordinary capital resources

For the purposes of this Agreement, the expression aordinary capital resources* of the Bank shall include:

a) Authorized capital stock of the Bank sub-

scribed pursuant to the provisions of article 6 of this Agreement;

b) Funds raised by borrowing of the Bank, by

virtue of powers conferred in paragraph a) of article 23 of this Agreement, to which the commitment to calls provided for in paragraph 4 of article 7 of this Agreement applies;

c) Funds received in repayment of loans made

with resources referred to in paragraph a) and b) of this article; and

d) Income derived from loans made from the

aforementioned funds; income from guarantees to which the commitment to calls provided for in paragraph 4 of article 7 of this Agreement applies; as well as

e) Any other funds or income received by the

Bank which do not form part of its special resources.

Article 10 Special resources

1 — For the purposes of this Agreement, the expression «special resources» shall refer to the resources of Special Funds and shall include:

a) Resources initialy contributed to any special fund;

b) Funds borrowed for the purposes of any

Special Fund, including the Special Fund provided for in paragraph 6 of article 24 of this Agreement;

c) Funds repaid in respect of loans or guarantees

financed from the resources of any Special Fund which, under the rules and regulations governing that special fund, are received by that Special Fund;

d) Income derived from operations of the Bank

by which any of the aforementioned resources or funds are used or committed if, under the rules and regulations governing the Special Fund concerned, that income accruei to the said Special Fund; and

e) Any other resources at the disposal of any

Special Fund.

2 — For the purposes of this Agreement, the expression «special resources appertaining to a special fund* shall include the resources, funds and income which are referred to in the preceding paragraph and are, as the case may be, contributed to, borrowed or received by, accruing to, or at the disposal of the special fund sion «special resources appertaining to a Special Fund» governing that Special Fund.

Article 11 Separation of resources

1 — The ordinary capital resources of the Bank shall at all times and in all respects be held, used, committed, invested or otherwise disposed of, entirely separate from special resources. Each Special Fund, its resources and accounts shall be kept entirely separate from other Special Funds, their resources and accounts.

2 — The ordinary capital resources of the Bank shall under no circumstances be charged with, or used to discharge, losses or liabilities arising out of operations or other activities of any Special Fund. Special resources appertaining to any Special Fund shall under no circumstances be charged with, or used to discharge, losses or liabilities arising ou of operations or other activities of the Bank financed from its ordinary capital resources or from special resources appertaining to any othsr Special Fund.

3 — In the operations and other activities of any Special Fund, the liability of the Bank shall be limited to the special resources appertaining to that Special Fund which are at the disposal of the Bank.

CHAPTER III Operations

Article 12 Use of resources

The resources and facilities of the Bank shall be used exclusively to implement the purpose and functions set forth in articles 1 and 2 of this Agreement.