Regulation C/REG.16/12/01 Relating to the 2002 Budget of ECOWAS Regional Investment Bank (ERIB)

Jurisdiction
African Regional Bodies · Economic Community of West African States (ECOWAS)
Date
17 December 2001
Language
English
Type
Regulation

Economic Community of West African States

Regulation C/REG.16/12/01 Relating to the 2002 Budget of ECOWAS Regional Investment Bank (ERIB)

The Council of Ministers,MINDFUL of Articles 10, 11 and 12 of the Revised Treaty of the Economic Community of West African States (ECOWAS) establishing the Council of Minis­ters and defining its composition and functions;MINDFUL of Decision A/DEC.2/6/88 and A/DEC.10/6/89 of the Authority of Heads of State and Govern­ment relating to the Study on the Enhancement of the Financial Resources of the ECOWAS Fund;MINDFUL of Decision A/DEC.4/12/99 relating to the transformation of the ECOWAS Fund into a Holding Company;CONSIDERING the Report of the 19th meeting of the Ad hoc Ministerial Committee on the Enhance­ment of the Financial Resources of the Fund held in Lome, Togolese Republic, from 29-31 October 2001;UPON RECOMMENDATION of the Ad hoc Ministerial Committee on the Enhancement of the Financial Resources of the Fund;ENACTS

Article 1

The 2002 Budget of ECOWAS Regional Investment Bank (ERIB) is approved as follows:Operating Expenses:UA231,600 (two hundred and thirty one thousand, six hundred Units of Account)Expenses on Equipment:UA4,500 (four thousand and five hundred of Units of Account)Amounting to a total of two hundred and thirty six thousand one hundred Units of Account (UA236,100).This amount shall be deducted from the capital re­sources of the ECOWAS Fund and be considered as start-up costs

Article 2

The Managing Director of the ECOWAS Regional Investment Bank shall be entrusted with the imple­mentation of this Regulation.

Article 3

This Regulation shall be published by the Execu­tive Secretariat in the Official Journal of the Com­munity within thirty (30) days of signature by the Chairman of the Council of Ministers. It shall also be published within the same time frame in the Na­tional Gazette of each Memeber State.
Done at Dakar this 17th day of December 2001Bacari KoneChairman for Council
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