CHARTER FOR THE ESTABLISHMENT PART III OF THE REGIONAL INVESTMENT AGENCY TABLE OF CONTENTS Page PREAMBLE Page FINANCIAL RESOUCES AND AUDIT 40 14. 15. 16. 17. 18. 19. 40 40 40 41 41 41 Budget Fees Loans, Grants and Special Funds Application of Resources Reserve Funds Accounts of the Agency and External Auditors 35 PART I PART IV INTRODUCTION 36 DISSOLUTION 41 1. 2. 3. 4. 36 36 36 37 20. 21. 22. 41 41 41 Establishment of the Agency Definitions Objectives of the Agency Functions of the Agency PART II STRUCTURE AND ADMINISTRATION 37 5. 6. 7. 8. 9. 10. 11. 12. 13. 37 37 38 38 38 38 39 39 40 Structure of the Agency Composition and Appointment of the Board Functions of the Board Meetings of the Board Executive Director and Staff of the Agency Functions of the Executive Director Independence of the Agency Cooperation with Other Institutions Communication and Information 34 Termination of Operations Liability of Member States and Payment of Claims Distribution of Assets PART V GENERAL PROVISIONS 42 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 42 42 42 43 43 43 43 43 44 44 Official Languages Status of the Agency Power to make Regulations Supremacy of the Treaty Amendment of the Charter Interpretation and Application Settlement of Disputes Privileges and Immunities Savings Final Provisions