Regulation C/REG.31/12/07 Relating to the Transformation of the Special Telecommunication Fund (STF) into the "ECOWAS Fund for Telecommunications and ICT Infrastructure" (Telecom Fund) and the Lifting of the Embargo on the Operations of STF
Regulation C/REG.31/12/07 Relating to the Transformation of the Special Telecommunication Fund (STF) into the "ECOWAS Fund for Telecommunications and ICT Infrastructure" (Telecom Fund) and the Lifting of the Embargo on the Operations of STF
Economic Community of West African States
Regulation C/REG.31/12/07 Relating to the Transformation of the Special Telecommunication Fund (STF) into the "ECOWAS Fund for Telecommunications and ICT Infrastructure" (Telecom Fund) and the Lifting of the Embargo on the Operations of STF
- Published in official journal 52 on 1 January 2008
- Commenced
- [This is the version of this document as it was at 15 December 2007 to 31 December 2007.]
Article 1
The transformation of the Special Fund for Telecommunications into an "ECOWAS Fund for Telecommunications and ICT Infrastructure "(TELECOM FUND) is hereby approved and the 1999 embargo on the operations of the SFT is hereby lifted.Article 2
This new Telecommunications Fund shall be lodged as a window in the ECOWAS Bank for Investment and Development (EBID) and managed as a light structure under the umbrella of the management of the Board of Directors of EBID.Article 3
The ECOWAS Commission which is already a member of the Board of Directors of EBID, shall also be a member of the Management Committee.Article 4
Article 5
The Telecommunications Fund, in the long term, shall be opened up to external investors (public and private) as part of its transformation into a subsidiary.Article 6
This Regulation shall be published by the Commission in the Official Journal of the Community within thirty (30) days of its date of signature by the Chairperson of the Council of Ministers. It shall also be published by each Member State in its National Gazette within the same time-frame.History of this document
01 January 2008
15 December 2007 this version
Consolidation