4.
State Parties agree that the major stakeholders of the Development
Finance Resource Centre will be:
(a)
beneficiaries of DFI programmes and Projects;
(b)
funding agencies, including financial and investment institutions
and international co-operating partners;
(c)
the governments of State Parties.
5.
State Parties agree that the main clientele of the Development Finance
Resource Centre shall be the DFis.
6.
State Parties agree that the Network will in General Meeting determine
suitable financing mechanisms, and suitable financing sources for
recurrent expenditure, for funding the activities of the Development
Finance Resource Centre, including the levying of membership
contributions.
ARTICLE 9
CO-OPERATION ON PROJECTS IN THE REGION
1.
State Parties agree that DFis through the forum of the Network, will cooperate in mobilizing both financial and human resources for purposes
of undertaking sustainable development, investment and trade finance
projects in the Region.
2.
State Parties agree that any DFI in the Network may participate in cross
share holding in any other Network member.
3.
For purposes of this Article 9, State Parties agree that co-operation on
projects includes technical assistance in project identification, prefeasibility and feasibility studies, project development, and technical
assistance provided by any DFI during any project cycle.
4.
State Parties agree that DFis through the forum of the Network, will
harmonize and apply international best practice credit risk management
policies, procedures and methodologies to, the appraisal and approval
of cross-border and other investment and development projects, and
State Parties agree that DFis will consider only sustainable,
commercially viable Projects.
5.
State Parties agree that if a State Party requests the involvement of a
Network member in a non-financially viable but economically important
project, such involvement will be carried out on a fee basis by the
Network member provided such project is financed through public funds
or grant funding derived from fiscal transfers or from multilateral
financiers.
6.
State Parties agree that when co-operating in the financing of
investment Projects in any State Party, the DFis, through the forum of
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