Development Bank of Vanuatu Act (Cap. 169).
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
There shall continue to be established a bank to be called the Development Bank of Vanuatu as a body corporate. The purpose of the Bank shall be to facilitate and promote the economic development of the national resources of Vanuatu with special regard to agriculture, forestry, fisheries, manufacture and tourism. The functions of the Bank shall be to provide assistance to enterprises for new projects, and the expansion or modernization of their existing facilities by- (a) making loans; (b) taking equity participation; (c) guaranteeing the finance provided by other sources; (d) providing technical, managerial and financial consultancy services; and (e) assisting in the identification, formulation and promotion of new projects.
Attached files
Web site
Long title of text
An Act to provide for the organization and management of the Development Bank of Vanuatu.
Notes
Reprint of 1988 of Act No. 13 of 1983.
Repealed
No
Serial Imprint
Laws of the Republic of Vanuatu Revised Edition 1988.
Source language
English
Legislation Amendment
No