(c)
Where there is no consensus of the DFis' in appointing the
presiding arbitrators referred to in sub-paragraph (a) such
arbitrators will be appointed by the Chairman of the OFI Network.
ARTICLE 15
SANCTIONS
1.
2.
3.
State Parties recognise that sanctions may be imposed on any DFI
Network member if that member engages in any or all of the following:
(a)
the member is in arrears with contributions to the Development
Finance Resource Centre for a period exceeding one year,
except on exceptional circumstances deemed acceptable by the
Network;
(b)
the member fails to maintain an acceptable record of attendance,
i.e. failure to attend 3 consecutive meetings of the Network in
any one year, without good reason deemed acceptable by the
Network;
(c)
the member engages in an act, or implements policies, that
undermine the objectives of the Network and its DFRC, and
results in reputational risk of the Network and its DFRC, as
deemed by the Network as warranting such sanctions.
Sanctions as determined by the Network shall include among others,
and on a case by case basis:
a)
Withdrawal of membership benefits, such as participation in
research and training programmes, by the SADC-DFRC
Executive;
b)
Withdrawal of funds committed to any project(s) benefiting the
responsible DFI, except that projects already in commission may
at the discretion of the Network be completed. But no further
such resources shall thereafter be committed;
c)
Suspension from membership: may attend meetings, but may
not speak nor vote;
d)
Expulsion from the DFI Network.
The member under sanction shall however continue to be liable for their
portion of the contributions to the DFRC when due, unless it has
otherwise terminated its membership, wherein such contributions as are
due shall be set-off against any benefits enjoyed by the member from
DFRC programmes. The DFRC shall then have the right to claim
repayment of any such funds so expended on behalf of that member as
a contractual obligation of the said member.
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