CONVENTION ON THE CREATION AND STATUS OF THE AFRICAN FUND FOR GUARANTEE AND ECONOMIC COOPERATION (FAGACE)
This article names FAGACE as the African Guarantee and Economic Cooperation Fund and says it was created by the 1977 Convention, later amended in 1985.
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This article names FAGACE as the African Guarantee and Economic Cooperation Fund and says it was created by the 1977 Convention, later amended in 1985. FAGACE is described as an international public economic and financial establishment, with legal personality and the capacity to contract, own property, and sue in court. The Fund’s head office is in Cotonou, Benin, and it may open representative offices in Member States if it follows conditions and procedures set by the Board of Directors. The Fund’s purpose is to contribute to the economic and social development of the Member States, both individually and collectively. The Fund’s mission is to guarantee certain loans and carry out related financing, investment, and fund-management activities.
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Provisions of CONVENTION ON THE CREATION AND STATUS OF THE AFRICAN FUND FOR GUARANTEE AND ECONOMIC COOPERATION (FAGACE)
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Ishyirwaho n’izina
AI-assisted research summary: This article names FAGACE as the African Guarantee and Economic Cooperation Fund and says it was created by the 1977 Convention, later amended in 1985.
Ingingo ya 1: Ishyirwaho n’izina Article 1: Creation and name Article 1 : Création et dénomination gishinzwe Nyafurika Ikigega Ingwate n’Ubufatanye mu Bukungu, mu magambo ahinnye nk"Ikigega", FAGACE cyashyizweho yashyiriweho n’amasezerano umukono i Kigali ku wa 10 Gashyantare 1977 avugururirwa i Bangui ku wa 7 Kanama 1985. ahakurikira ivugwa The African Guarantee and Economic Cooperation Fund, abbreviated FAGACE and hereinafter referred to as "the Fund", was created by the Convention signed in Kigali on February 10, 1977 and amended in Bangui on August 7, 1985. Le Fonds Africain de Garantie et de abrégé Coopération Economique, FAGACE et ci-après désigné « le Fonds », a été créé par la Convention signée à Kigali le 10 février 1977 et modifiée à Bangui le 7 août 1985. en 5 - 2 Verify source ↗
Imimerere mu by’amategeko
AI-assisted research summary: FAGACE is described as an international public economic and financial establishment, with legal personality and the capacity to contract, own property, and sue in court.
Ingingo ya 2: Imimerere mu by’amategeko Article 2: Legal status Article 2 : Statut juridique 1. IKIGEGA ni ikigo mpuzamahanga cy’ubukungu n’imari kizobereye mu guteza imbere ishoramari rya Leta n’iry’abikorera. 1. FAGACE is an international public economic establishment financial specializing in the promotion of public and private investments. and 1. Le FAGACE est un établissement public international à caractère économique et financier spécialisé dans la promotion des investissements publics et privés. . 2. Gifite ubuzimagatozi bwuzuye ku butaka bwa buri gihugu kigize Ikigega. Gifite by’umwihariko, ubushobozi bwuzuye bwo: 2. It enjoys full and entire legal personality in the territory of each Member State. It enjoys, in particular, the full capacity of: 2. Il jouit sur le territoire de chaque Etat membre, de la personnalité juridique pleine et entière. Il jouit, en particulier, de la pleine capacité de a. kugirana amasezerano, b. gushaka no gutunga umutungo wimukanwa cyangwa utimukanwa, c. gutanga ikirego mu rukiko. a. conclude contracts, b. acquire and dispose of real or movable property, c. take legal action. a. conclure des contrats, b. acquérir et d’aliéner des biens immobiliers ou mobiliers, c. ester en justice. 3. Muri buri gihugu kigize ubushobozi mu by’amategeko bwemewe miryango n’amategeko y’igihugu. Ikigega gifite ku 3. In each of the Member States, he shall enjoy the legal capacity recognized to legal persons by national legislation. 3. Il bénéficie dans chacun des Etats membres, de la capacité juridique reconnue aux personnes morales par les législations nationales. - 3 Verify source ↗
Icyicaro
AI-assisted research summary: The Fund’s head office is in Cotonou, Benin, and it may open representative offices in Member States if it follows conditions and procedures set by the Board of Directors.
Ingingo ya 3: Icyicaro Article 3: Headquarters Article 3 : Siège 1. Icyicaro cy'Ikigega giherereye i Cotonou muri Repubulika ya BENIN. 1. The head office of the Fund is located in Cotonou in the Republic of BENIN. 1. Le siège du Fonds est installé à Cotonou en République du BENIN. 2. Ikigega gishobora gufungura ibiro bigihagarariye ku butaka bw’ibihugu bigize Ikigega, mu buryo kandi hakurikijwe ibisabwa byagenwe n’Inama y'Ubuyobozi. 2. The Fund may open representative offices in the territory of any Member State, under the conditions and according the procedures set by the Board of Directors. to 2. Le Fonds peut ouvrir des bureaux de représentation sur le territoire de tout Etat membre, dans les conditions et selon les 6 - 4 Verify source ↗
Intego
AI-assisted research summary: The Fund’s purpose is to contribute to the economic and social development of the Member States, both individually and collectively.
Ingingo ya 4: Intego Article 4: Purpose Article 4 : Objet modalités fixées d’Administration. par le Conseil 1. Intego y'Ikigega ni ukugira uruhare mu iterambere n'imibereho myiza by'ibihugu bigize Ikigega, kimwe ukwacyo ndetse no mu buryo buhuriweho. ry'ubukungu 1. The purpose of the Fund is to contribute to the economic and social development of the Member and collectively. individually States, 1. L’objet du Fonds est de contribuer au développement économique et social des Etats membres, et collectivement. individuellement - 5 Verify source ↗
Inshingano
AI-assisted research summary: The Fund’s mission is to guarantee certain loans and carry out related financing, investment, and fund-management activities.
Ingingo ya 5: Inshingano Article 5: Missions Article 5 : Missions 1. Inshingano nyamukuru y'Ikigega ni ukwishingira inguzanyo zatanzwe cyangwa zafashwe n’ibihugu cyangwa ibigo bya Leta cyangwa ibyo Leta ifitemo imigabane, Imiryango Nyafurika igizwe n’ibihugu ihurirwamo n’igihugu kimwe cyangwa byinshi bigize Ikigega, ibigo by’ubucuruzi byigenga bifite icyicaro cyangwa aho bikorera ibikorwa by'ingenzi mu bihugu bimwe cyangwa byinshi bigize Ikigega kandi bigamije gutera inkunga imishinga y’imari, inganda, ubuhinzi, ubucuruzi n’ibikorwa remezo byunguka mu rwego rw’imari n’ubukungu. 1. The main mission of the Fund is to guarantee loans issued or contracted by States, public or semi-public organizations, African inter-State organizations in which one or more Member States participate, private companies having their headquarters or their scope of activity. principal activity in one or more Member States and intended for and of the economically profitable financial, industrial, agricultural, commercial and infrastructure projects. financially financing 1. La mission principale du Fonds est de garantir les emprunts émis ou contractés par les organismes publics ou les Etats, parapublics, les organismes africains inter- étatiques auxquels participent un ou plusieurs Etats membres, les entreprises privées ayant leur siège ou leur champ d’activités principal dans l’un ou plusieurs Etats membres et destinés au financement de industriels, agricoles, projets financiers, d’infrastructures, commerciaux, financièrement économiquement rentables. et et 2. Ikigega gikora kandi imirimo ikurikira: 2. The Fund also performs the following missions: 2. Le Fonds exerce aussi les missions suivantes : 7 a. Gutanga inkunga y’inyungu n’inyongera ku gihe cyo kwishyura inguzanyo ku nguzanyo zitangwa mu bihugu bigize Ikigega, hagamijwe guteza imbere ibikorwa by’ubukungu kunguka kwabyo kwaba inguzanyo zabonywemo; kutizewe mu buryo a. Grant interest rate subsidies and credit term extensions for loans granted in Member States, in favor of operations of an economic nature whose profitability could not be ensured under the loan conditions obtained; a. Octroyer des bonifications d’intérêt et des allongements de la durée de crédit pour les prêts consentis dans les Etats membres, en faveur d’opérations à caractère économique dont la rentabilité ne pourrait être assurée dans les conditions de prêts obtenues ; b. Gutera inkunga ibikorwa by`imari ku nguzanyo n’inkunga, cyane cyane ibijyanye no kurwanya ubukene no kurengera ibidukikije; b. Finance operations on loans and subsidies, in particular those relating to the fight against poverty the and environment; the protection of b. Financer des opérations sur emprunts et subventions, notamment celles relatives à la lutte contre la pauvreté, à la protection de l’environnement ; c. Kugira uruhare mu bigo by’igihugu by’ubucuruzi cyangwa byo mu karere byitunze mu bukungu kandi byunguka mu mari ; c. Take stakes in economically viable and financially profitable national or regional companies; les c. Prendre des participations dans entreprises régionales nationales économiquement viables et financièrement rentables; ou d. Gukusanya umutungo no gucunga amafaranga bikorewe abandi ; d. Mobilize resources and manage funds on behalf of third parties; d. Mobiliser les ressources et gérer les fonds pour le compte des tiers ; e. Gukora ibindi bikorwa ibyo ari byo byose no gutanga izindi serivisi zose zishobora kugira uruhare mu kugera ku ntego zacyo cyangwa koroshya gusohoza inshingano zacyo. e. Undertake all other activities and provide all other services which may contribute to the achievement of its object or facilitate the accomplishment of its mission. e. Entreprendre toutes autres activités et fournir tous autres services qui peuvent concourir à la réalisation de son objet ou faciliter l’accomplissement de sa mission. INTERURO YA II: ABANYAMURYANGO N’ IMARI - 6 Verify source ↗
Abanyamuryango
AI-assisted research summary: The Fund is open to African and non-African States and to institutions, and founder member status is recognized for the member states named in the Preamble.
Ingingo ya 6: Abanyamuryango TITLE II: MEMBERS AND CAPITAL TITRE II : MEMBRES ET CAPITAL Article 6: Members Article 6 : Membres 8 1. Ikigega gifunguriwe n’ibitari ibya Afurika ndetse n’ibigo. ibihugu bya Afurika 1. The Fund is open to African and non- African States and to Institutions. 1. Le Fonds est ouvert aux Etats Africains, non Africains et aux Institutions. 2. Sitati y’abanyamuryango shingiro b’Ikigega yemewe kuri buri gihugu mu bigize Ikigega byavuzwe mu Irangashingiro. 2. The status of founder member of the Fund is recognized for each of the member states mentioned in the Preamble. 2. La qualité de membre fondateur du Fonds est reconnue à chacun des Etats membres qui sont mentionnés dans le Préambule. - 7 Verify source ↗
Imari shingiro
AI-assisted research summary: The Fund’s authorized capital is 30 billion FCFA, split into 30,000 shares of 1,000,000 FCFA each.
Ingingo ya 7: Imari shingiro Article 7: Capital Article 7 : Capital itatu 1. Imari shingiro yemewe y'Ikigega ni miliyari FCFA. mirongo Igabanyijwemo imigabane ibihumbi mirongo itatu (30.000), ifite agaciro kangana na miliyoni imwe (1.000.000) FCFA kuri buri migabane. (30.000.000.000) 1. The authorized capital of the Fund is thirty billion (30,000,000,000) FCFA. It is divided into thirty thousand (30,000) shares, with a par value of one million (1,000,000) FCFA each. 1. Le capital autorisé du Fonds est de trente milliards (30.000.000.000) FCFA. Il est divisé en trente mille (30.000) actions, d’une valeur nominale d’un million (1.000.000) FCFA chacune. 2. Imari shingiro igizwe n’imari yahamagariwe n’imari ishobora guhamagarirwa. 2. The capital consists of the called capital and the callable capital. 2.Le capital se compose du capital appelé et du capital sujet à appel. Imari shingiro yahamagariwe igizwe na 25% by’imigabane yose yashizweho naho Imari shingiro ishobora guhamagarirwa ikaba igizwe na 75%. The called capital constitutes 25% of the total shares created and the capital subject to call constitutes 75%. Le capital appelé constitue les 25% du total des actions créées et le capital sujet à appel en constitue les 75%. - 8 Verify source ↗
Kwiyandikisha ku mari shingiro
AI-assisted research summary: Subscribed capital cannot be pledged or otherwise burdened, and it may only be transferred to the Fund.
Ingingo ya 8: Kwiyandikisha ku mari shingiro Article 8: Capital subscription Article 8 : Souscription du capital 1. Imari yandikishijwe ntishobora gutangwaho ingwate cyangwa kubangamirwa mu buryo ubwo ari bwo bwose. Ishobora gusa koherezwa mu Kigega. 1. The subscribed capital may not be pledged or encumbered with charges of any kind. It can only be transferred to the Fund. 1. Le capital souscrit ne peut être ni donné en nantissement ni grevé de charges de quelque nature que ce soit. Il ne peut être cédé qu’au Fonds. 9 shingiro 2. Abanyamuryango bandikishije imigabane ibihumbi mirongo itatu (30.000) harimo ibihumbi birindwi magana arindwi na mirongo itatu n’irindwi (7,737) by’imigabane yahamagariwe n’ibihumbi makumyabiri na bibiri na magana abiri na mirongo itandatu n’itatu (22.263) ishobora guhamagarirwa. 2. The founder members subscribed for thirty thousand (30,000) shares including seven thousand seven hundred and thirty seven twenty-two (7,737) called shares and thousand three (22,263) shares subject to call. two hundred and sixty 2. Les membres fondateurs ont souscrit trente mille (30.000) actions dont sept mille sept cent trente sept (7 737) actions appelées et vingt-deux mille deux cent soixante trois (22.263) actions sujettes à appel. - 9 Verify source ↗
Itangwa ry’ Imari yahamagariwe Article 9: Release of called capital
AI-assisted research summary: Called-up capital is paid in three equal installments, with the first due on admission and the next two due on July 31 in the first and second years after admission. The general meeting may change the schedule, and late payment can lead to sanctions or a possible reduction decision.
Ingingo ya 9: Itangwa ry’ Imari yahamagariwe Article 9: Release of called capital Article 9 : Libération du capital appelé 1. Itangwa ry’ imari yahamagariwe rikorwa mu bice bitatu bingana ; igice cya mbere gitangwa nyuma yo kwemererwa mu gihe igice cya kabiri n’icya gatatu bitangwa ku wa 31 Nyakanga w’umwaka wa mbere n’uwa kabiri nyuma yo kwemererwa. Inteko Rusange y’abanyamigabane ishobora guhindura icyo gihe . 1. The release of the called-up capital will be carried out in three equal installments; the first installment will be due on admission while the second and third installments will be due on July 31 of the first and second years after admission, respectively. The General Meeting of Shareholders may modify this schedule. l’admission 1. La libération du capital appelé s’effectuera en trois tranches égales ; la première tranche la sera due à deuxième et la troisième tranche seront respectivement dues au 31 juillet de la première et des deuxièmes années suivant l’admission. L’Assemblée Générale des Actionnaires peut modifier cet échéancier. tandis que 2. Abanyamuryango shingiro bishyuye byuzuye imigabane yabo y’imari yahamagariwe. 2. The founding members have fully paid up their shares in called capital. 2. Les membres fondateurs ont entièrement libéré leurs parts de capital appelé. 3. Gutinda kwishyura igice cy’ imari shingiro bituma habaho ibihano byashyizweho n’Inama rusange y’abanyamigabane. 3. The delay in paying up the part of the called-up capital gives rise to sanctions set by the General Meeting of Shareholders. 3. Le retard de libération de la part du capital appelé donne lieu à des sanctions fixées par l’Assemblée Générale des Actionnaires. 4. Gutinda kwishyura ibirenga kimwe cya kabiri cy’umugabane w’imari yahamagariwe mu gihe ntarengwa cyo kwishyura, gishobora gutanga, byemejwe n’Inama Rusange y’abanyamigabane, igabanywa mu iyandikwa ry’umunyamuryango 4. The delay in paying up more than half of the part of the called-up capital at the end of the fixed payment deadlines, may give rise, by decision of the General Meeting of the Shareholders, reduction to a in 4. Le retard de libération de plus de la moitié de la part du capital appelé au terme des délais de libération fixés, pourra donner lieu, sur décision de l’Assemblée Générale des la la Actionnaires, réduction de à 10 n’umugabane urebwa n’umugabane wahamagariwe bijyanye ushobora guhamagarirwa. wishyuwe kimwe koko nuwo subscription of the member concerned by the share of the capital effectively paid up, and the corresponding callable capital. souscription du membre concerné à hauteur de la part du capital effectivement libéré, et du capital sujet à appel correspondant. - 10 Verify source ↗
Imari shingiro ihamagarirwa
AI-assisted research summary: The capital subject to call can be called partly or fully by the General Meeting of Shareholders.
Ingingo ya 10: Imari shingiro ihamagarirwa Article 10: Capital subject to call Article 10 : Capital sujet à appel 1. Igice cy'imari shingiro ihamagarirwa kiba ingwate ku masezerano yemewe n'Ikigega. 1. The fraction of the capital subject to call serves as a guarantee for the commitments contracted by the Fund. 1. La fraction du capital sujet à appel sert de garantie aux engagements contractés par le Fonds. 2. Imari shingiro ihamagarirwa ihamagarirwa igice cyangwa yose byemejwe n’Inama Rusange y’abanyamigabane kandi hakurikijwe amategeko n`amabwiriza izashyiraho. 2. The capital subject to call will be called partially or entirely by decision of the General Meeting of Shareholders and according to the terms and conditions it will set. 2. Le capital sujet à appel sera appelé partiellement ou entièrement sur décision de l’Assemblée Générale des Actionnaires et selon les conditions et modalités qu’elle fixera. - 11 Verify source ↗
Kongera imari shingiro
AI-assisted research summary: The share capital may be increased by a decision of the General Meeting of Shareholders.
Ingingo ya 11: Kongera imari shingiro Article 11: Capital increase Article 11 : Augmentation du capital 1. Imari ishobora kongerwa n’icyemezo cy’Inama Rusange y’abanyamigabane. 1. The capital may be increased by decision of the General Meeting of Shareholders. 1. Le capital peut être augmenté sur décision de l’Assemblée Générale des Actionnaires. 2. Kuri buri kwiyongera kw’imari, igice cy’imari yahamagariwe, igomba guhamagarirwa, bitangwa hakurikijwe ibiteganywa mu ngingo ya 9 n’iya 10 by’aya Masezerano. cy’imari n’igice 2. For each capital increase, the part of the called up capital, and the part of the capital subject to call, will be released in accordance with the provisions of Articles 9 and 10 of the Agreement. 2. Pour chaque augmentation du capital, la part du capital appelé, et la part du capital sujet à appel, seront libérées conformément aux dispositions des articles 9 et 10 de la Convention. INTERURO YA III: IMITUNGANYIRIZE N'IMIKORERE TITLE III: ORGANIZATION AND OPERATION TITRE III FONCTIONNEMENT : ORGANISATION ET 11 - 12 Verify source ↗
Inzego z'IKIGEGA
AI-assisted research summary: The Fund has three bodies: the General Meeting of Shareholders, the Board of Directors, and the General Directorate.
Ingingo ya 12: Inzego z'IKIGEGA Article 12: Organs of the FUND Article 12 : Organes du FONDS Ikigega gifite inzego zikurikira: The Fund has the following bodies: Le Fonds est doté des organes suivants : - Inama Rusange y’abanyamigabane; - Inama y`Ubutegetsi; - Ubuyobozi bukuru. - The General Meeting of Shareholders; - board of directors ; the general direction. - L’Assemblée Générale des Actionnaires ; - le Conseil d’Administration ; la Direction Générale. 13: Ingingo y’abanyamigabane: abayigize n’imikorere Inama ya rusange of Article Shareholders: composition and operation 13: General Meeting - 13 Verify source ↗
Assemblée Générale des
AI-assisted research summary: The General Meeting of Shareholders must meet in ordinary session once a year and may set up a Bureau to organize its work.
Article 13 : Assemblée Générale des Actionnaires et fonctionnement composition : 1. Inama rusange y’abanyamigabane igizwe na Minisitiri ushinzwe imari muri buri gihugu kigize Ikigega hamwe n’uhagarariye buri kigo kigize Ikigega. 1. The General Meeting of Shareholders is made up of the Minister in charge of Finance per member state and one Representative per member institution. 1. L’Assemblée Générale des Actionnaires est composée du Ministre chargé des Finances par Etat membre et d’un Représentant par Institution membre. 2. Mu kurangiza inshingano zabo, abagize Inama ibyo Rusange bagenerwa mu kwitabira inama, umubare wabyo ugenwa n’Inama Rusange y’Abanyamigabane. y’abanyamigabane bahabwa 2. In the performance of their duties, the General Meeting of members of Shareholders receive an allowance for attendance at sessions, the amount of which is the General Meeting of Shareholders. set by 2. Dans l’exercice de leur fonction, les l’Assemblée Générale des membres de Actionnaires reçoivent une indemnité de participation aux sessions dont le montant est fixé des Actionnaires. l’Assemblée Générale par 3. Inama Rusange y’Abanyamigabane iterana mu nama isanzwe rimwe mu mwaka. Byongeye, inama idasanzwe ishobora gutumizwa. 3. The General Meeting of Shareholders meets in ordinary session once a year. In addition, extraordinary sessions may be called. 3. L’Assemblée Générale des Actionnaires se réunit en session ordinaire une fois l’an. En outre, des sessions extraordinaires peuvent être convoquées. 12 4. Umubare wa ngombwa kugira ngo inama iyo ari yo yose y'Inama Rusange y'abanyamigabane iterane busesuye bw'Abanyamuryango. ubwiganze ni 4. The quorum for the holding of any session of the General Meeting of Shareholders is constituted by the absolute majority of Members. 4. Le quorum pour la tenue valable de toute session de l’Assemblée Générale des Actionnaires est constitué par la majorité absolue des Membres. 5. Gutegura no kuyobora imirimo yayo, Inama Rusange y’Abanyamigabane ishyiraho Biro, igizwe na Perezida ufite ubwenegihugu bw’igihugu cyo mu karere na Visi-Perezida bose bafite ubwenegihugu bw’ibihugu byo mu karere, batorwa mu banyamuryango, batorerwa igihe cy’umwaka umwe gishobora kongerwa incuro imwe. 5. To organize and direct its work, the General Meeting of Shareholders sets up a Bureau, composed of a President who is a national of a regional State and a Vice- President who are all nationals of regional States, elected from among the Members, for a duration of one year renewable once. 5. Pour organiser et diriger ses travaux, l’Assemblée Générale des Actionnaires forme un Bureau, composé d’un Président ressortissant d’un Etat régional et d’un Vice- Président ressortissants des Etats régionaux, élus parmi les Membres, pour une durée d’un an renouvelable une seule fois. tous 6. Perezida na Visi-Perezida batorwa mu buryo bwo gusimburana kw’abenegihugu bose bo mu bihugu byo mu karere. 6. The President and the Vice-President are elected so as to call in turn all the nationals of the regional States. 6. Le Président et le Vice-Président sont élus de manière à appeler à tour de rôle tous les ressortissants des Etats régionaux. Ingingo y’abanyamigabane: ububasha 14: ya Inama rusange Article Shareholders: powers 14: General Meeting of - 14 Verify source ↗
Assemblée Générale des
AI-assisted research summary: The General Meeting of Shareholders is the Fund’s top body and may delegate some powers to the Board, but not reserved powers; directors stay in office until successors take over.
Article 14 : Assemblée Générale des Actionnaires : pouvoirs 1. Inama Rusange y’Abanyamigabane ni rwo rwego rukuru rw’Ikigega. Ifite ububasha bwose. 2. Ishobora guha igice cy’ububasha bwayo Inama yUbutegetsi, usibye ububasha bwo: 1. The General Meeting of Shareholders is the supreme body of the Fund. She has all the powers. Irashobora guha igice cyayo ububasha mu Nama y'Ubuyobozi, usibye ububasha bwa 2. It may delegate part of its powers to the Board of Directors, with the exception of the powers of: 13 1. L’Assemblée Générale des Actionnaires est l’organe suprême du Fonds. Elle dispose de tous les pouvoirs. peut 2. Elle au Conseil d’Administration, une partie de ses pouvoirs à l’exception des pouvoirs de : déléguer a) guhindura Amasezerano, b) kongera cyangwa kugabanya imari, c) gushyiraho ibigenderwaho mu nzego zose z'ibikorwa by’ Ikigega, d) kwemerera umunyamuryango mushya kwinjira, d) authorize the admission of a new Member, d) autoriser a) modify the Agreement, b) increase or decrease the capital, c) set the general guidelines of the Fund in all areas of its activities, a) modifier la Convention, b) augmenter ou réduire le capital, c) fixer les orientations générales du Fonds dans tous les domaines de ses activités, l’admission d’un nouveau e) gutora Abayobozi no gushyiraho ibihembo byabo, e) elect remuneration, the Directors and set their Membre, e) élire les Administrateurs et fixer leur rétribution, f) gushyiraho, guhagarika cyangwa kwirukana Umuyobozi Mukuru no gushyiraho igihembo cye n'ibishingirwaho mu mirimo ye, f) appoint, suspend or dismiss the Chief Executive Officer and set his remuneration and conditions of service, f) nommer, suspendre ou révoquer le Directeur Général et fixer sa rémunération et ses conditions de service, g) gushyiraho umugenzuzi w'imari no kugena ibihembo bye, g) appoint an auditor and remuneration, set his g) nommer un Commissaire aux comptes et fixer sa rémunération, h) kwemeza, nyuma yo gusuzuma y'umugenzuzi w'imari, raporo y’imari y'Ikigega, raporo h) adopt, after having taken note of the auditor's report, the financial statements of the Fund, h) adopter, après avoir pris connaissance du rapport du commissaire aux comptes, les états financiers du Fonds, i) gufata umwanzuro wo gutanga ibisubizo kuri buri mwaka w’ingengo y’imari, i) decide on the allocation of the result for each financial year, i) décider de l’affectation du résultat de chaque exercice financier, j) gufata by'Ikigega. icyemezo cyo guhagarika ibikorwa j) decide on the termination of the Fund's activities. j) décider de la cessation des activités du Fonds. Article 14, the Board of Directors has all the general for powers administration of the Fund. necessary the 8. Les Administrateurs restent en fonction jusqu’à ce que leurs successeurs soient désignés et entrent en fonction. - 15 Verify source ↗
Inama y'Ubuyobozi: abayigize
AI-assisted research summary: This article sets the board’s composition, chairing, three-year renewable terms, meeting frequency, quorum, remuneration, and replacement rules.
Ingingo ya 15: Inama y'Ubuyobozi: abayigize n'imikorere Article composition and operation 15: Board of Directors: Article 15 : Conseil d’Administration : composition et fonctionnement 14 1. Inama y'Ubuyobozi igizwe n'abayobozi babiri ku mu karere barimo uhagarariye gihugu cyo Minisitiri ushinzwe imari, umuyobozi umwe muri buri gihugu kigize Ikigega kitari mu karere ndetse n'umuyobozi umwe kuri buri kigo kigize Ikigega. 1. The Board of Directors is made up of two administrators per regional Member State including the representative of the Minister in charge of Finance, one administrator per non-regional Member State and one administrator per Member Institution. 1. Le Conseil d’Administration est composé de deux administrateurs par Etat membre régional dont le représentant du Ministre chargé des Finances, d’un administrateur par Etat membre non régional et d’un administrateur par Institution membre. 2. Inama y'Ubutegetsi iyobowe n'umuyobozi ukomoka mu gihugu kimwe na Perezida w'Inama Rusange y'Abanyamigabane. 2. The Board of Directors is chaired by a director who is a national of the same State as the Chairman of the General Meeting of Shareholders. 2. Le Conseil d’Administration est présidé par un administrateur ressortissant du même Etat que l’Assemblée Générale des Actionnaires. le Président de 3. Buri muyobozi ashyirirwaho manda y’imyaka itatu ishobora kongerwa. 3. Each director is appointed for a renewable three-year term. 3. Chaque administrateur est désigné pour un mandat de trois ans, renouvelable. 4. Iyo Umuyobozi yeguye burundu ku mirimo ye, apfuye cyangwa iyo manda ikuweho n’umuyobozi we, ni ngombwa ko umuyobozi agena umusimbura kugira ngo arangize manda iriho. 4. When a Director definitively renounces his post, dies or when his mandate is withdrawn by his principal, it is up to the said principal to designate his successor to complete the current mandate. 4. Lorsqu’ un Administrateur renonce définitivement à son poste, décède ou lorsque son mandat lui est retiré par son il revient audit mandant de mandant, désigner son successeur pour achever le mandat en cours. 5. Abayobozi barishyurwa igihe bitabiriye buri nama kandi bagahabwa amafaranga yashyizweho n’Inama Rusange y’Abanyamigabane. 5. The Directors are paid during their participation in each meeting and receive the General Meeting of fees set by Shareholders. 5. Les Administrateurs sont pris en charge lors de leur participation à chaque réunion et fixés par perçoivent des émoluments l’Assemblée Générale des Actionnaires. 6. Inama y'Ubutegetsi iterana mu nama zisanzwe incuro eshatu (3) mu mwaka. Byongeye, hashobora guhamagazwa inama zidasanzwe. 6. The Board of Directors meets in ordinary sessions three (3) times a year. In addition, extraordinary sessions may be called. 6. Le Conseil d’Administration se réunit en sessions ordinaires trois (3) fois par an. En 15 7. Umubare wa ngombwa kugira ngo haterane inama iyo ari yo yose y'Inama y'Ubutegetsi igizwe n‘ubwiganze bisesuye bw’abayobozi. 7. The quorum for the holding of any meeting of is constituted by an absolute majority of the Directors. the Board of Directors 7. Le quorum pour la tenue valable de toute réunion du Conseil d’Administration est la majorité absolue des constitué par Administrateurs. outre, des sessions extraordinaires peuvent être convoquées. 8. Abayobozi baguma ku murimo kugeza igihe ababasimbuye bashyiriweho bagatangira imirimo. 8. The Directors remain in office until their successors are appointed and take office. - 16 Verify source ↗
Inama y'Ubutegetsi: ububasha
AI-assisted research summary: The Board of Directors has broad powers over the Fund’s general administration, with specific duties to prepare shareholder meetings, oversee management, approve budgets and accounts, and may delegate part of its powers to the Chief Executive Officer.
Ingingo ya 16: Inama y'Ubutegetsi: ububasha Article 16: Board of Directors: powers 1. Usibye ububasha butangwa mu Nama Rusange y’abanyamigabane hashingiwe ku ngingo ya 14, Inama y’Ubutegetsi ifite ububasha bwose bukenewe mu Buyobozi Rusange bw’Ikigega. 1. With the exception of the powers vested in the General Meeting of Shareholders under Article 16 : Conseil d’Administration : pouvoirs 1. A l’exception des pouvoirs dévolus à l’Assemblée Générale des Actionnaires aux termes de le Conseil l’Article 14, les d’Administration dispose de pouvoirs nécessaires pour l’administration générale du Fonds. tous 2. Ku bw’ibyo, ishinzwe: 2. As such, he is responsible for: 2. A ce titre, il est chargé de : gutegura a) y'Abanyamigabane no kwemeza bikorwa ry'ibyemezo byayo, inteko y'Inama Rusange ishyirwa mu a) prepare the sessions of the General Meeting of Shareholders and ensure the implementation of its decisions, a) préparer les sessions de l’Assemblée Générale des Actionnaires et assurer la mise en œuvre de ses décisions, b) Kugenzura imiyoborere y'Ubuyobozi Bukuru, b) ensure the management control of the General Directorate, b) assurer le contrôle de la gestion de la Direction Générale, 16 c) guhitamo no gusaba Inama Rusange y’Abanyamigabane abakandida bashyirwa ku mwanya w’Umuyobozi Mukuru w’Ikigega, c) select and propose to the General Meeting for the of Shareholders appointment the post of Managing Director of the Fund, candidates to c) sélectionner et proposer à l’Assemblée Générale des Actionnaires, les candidats à la nomination au poste de Directeur Général du Fonds, d) guhitamo y’Abanyamigabane w’umugenzuzi w’imari no guha Inama Rusange abakandida ku mwanya d) select and propose to the General Meeting of Shareholders for the appointment as Statutory Auditors candidates d) sélectionner et proposer à l’Assemblée Générale des Actionnaires, les candidats à la nomination en qualité de Commissaire aux comptes e) kwemeza imbonerahamwe ya serivisi no kugena imiterere y'inzego z`abakozi n'ibikorwa by'Ikigega, e) adopt the organization chart of services and determine the organizational structure of the staff and activities of the Fund, e) adopter l’organigramme des services et déterminer la structure organisationnelle du personnel et des activités du Fonds, f) kwemeza no guhindura politiki n'amabwiriza yerekeye ibikorwa byose by'Ikigega, f) adopt and modify policies and regulations concerning all activities of the Fund, f) adopter et modifier les politiques et les règlements concernant toutes les activités du Fonds, g) kwemeza no guhindura amategeko shingiro agenga abakozi, g) adopt and modify the staff regulations, g) adopter et modifier le statut du personnel, h) kugena ibipimo by'imishahara bikurikizwa ku mihigo Ikigega cyiyemeje, h) determine the rates of remuneration applicable to the commitments of the Fund, h) déterminer les taux de rémunération applicables aux engagements du Fonds, ubusabe kwemeza bw’ubwishingire i) agahimbazamusyi, kongererwa bw’inyandiko, igihe ishoramari ry’inguzanyo no kwemerera gusinya amasezerano n’amasezerano y’inyongera byerekeranye, cy’inguzanyo cyangwa i) approve requests for endorsement for guarantee, bonus, extension of the credit period or equity investment and authorize the the related agreements and signing of protocols, les demandes d’aval, de i) approuver bonification, d’allongement de la durée de crédit ou de prise de participation et autoriser la signature des accords et protocoles y afférents, 17 j) kwemerera inguzanyo n’Ikigega ubwacyo cyangwa kizifatira abandi, zigomba gufatwa j) authorize loans to be contracted by the Fund for itself or on behalf of third parties, j) autoriser les emprunts à contracter par le Fonds pour lui-même ou pour le compte des tiers, k) kwemeza no guhindura y’Ikigega ku byerekeye ibyinjira n’ibisohoka, ingengo y’imari k) adopt and modify the budgets of the Fund in terms of income and expenditure, k) adopter et modifier les budgets du Fonds en recettes et en dépenses, l) kwemera inkunga, impano, umurage n'izindi mpano zihawe Ikigega nta bisabwa cyangwa uburyo budahuye n'amasezerano mpuzamahanga, l) accept subsidies, donations, bequests and other gifts offered to the Fund without conditions or modalities incompatible with the Convention, l) accepter des subventions, dons, legs et autres libéralités, offerts au Fonds sans conditions ou modalités incompatibles avec la Convention, m) kwemeza konti na ngarukamwaka by'Ikigega, raporo y'ibikorwa m) approve the accounts and the annual activity report of the Fund, m) approuver les comptes et le rapport d’activités annuels du Fonds, n) guha ububasha bw’imicungire Umuyobozi Mukuru, n) authorise the Chief Executive Officer to carry out the management; n) donner quitus au Directeur Général pour sa gestion, o) gukoresha ubundi bubasha bwose n'Inama Rusange y'Abanyamigabane. ihabwa o) exercise all other powers delegated to it by the General Meeting of Shareholders. 3. Inama y'Ubutegetsi ishobora guha Umuyobozi Mukuru igice cy’ububasha bwayo. 3. The Board of Directors may delegate part of its powers to the Chief Executive Officer. o) exercer toutes autres attributions qui lui sont déléguées par l’Assemblée Générale des Actionnaires. 3. Le Conseil d’Administration peut déléguer une partie de ses pouvoirs au Directeur Général. - 17 Verify source ↗
Gufata ibyemezo
AI-assisted research summary: Shareholders’ general meeting or the board must decide by consensus, or by vote if needed.
Ingingo ya 17: Gufata ibyemezo Article 17: Decision making Article 17 : Prise de décision 18 1. Inama Rusange y’Abanyamigabane cyangwa Inama y’Ubutegetsi ikora ku bwumvikane cyangwa byakwanga igatora. 1. The General Meeting of Shareholders or the Board of Directors shall act by consensus or failing that by vote. 1. L’Assemblée Générale des Actionnaires ou le Conseil d’Administration statue par consensus ou à défaut par vote. 2. Iyo habaye gutora, icyemezo gifatwa ku bwiganze busanzwe bw’abitabiriye. Icyakora, iyo amajwi yerekeranye no guhindura Amasezerano, kongera cyangwa kugabanya imari, cyangwa icyemezo gifatwa ku guhagarika bwiganze bwa bitatu bya kane by’abanyamuryango bahari. ibikorwa, 2. In the event of a vote, the decision is taken by a simple majority of the participants. However, when the vote concerns the modification of the Agreement, the increase or reduction of the capital, or the cessation of activities, the decision is taken by a majority of three quarters of the members present. 2. En cas de vote, la décision est prise à la majorité simple des participants. Toutefois, lorsque le vote porte sur la modification de la Convention, l’augmentation ou la réduction du capital, ou la cessation des activités, la décision est prise à la majorité des trois quarts des membres présents. 3. Igihe cyo gutora, buri Minisitiri cyangwa Umuyobozi w'Ikigo cyangwa Umuyobozi agira ijwi rimwe. 3. In the event of a vote, each Minister or Head of an Institution or Director has one vote. 3. En cas de vote, chaque Ministre ou Responsable ou Institution Administrateur dispose d’une voix. d’une 4. Perezida w'Inama y'Ubutegetsi ntatora. Ariko mu gihe habaye kunganya, agira ijwi rikemura impaka. 4. The Chairman of the Board of Directors does not vote. But in the event of a tie, he has a casting vote. 4. Le Président du Conseil d’Administration ne vote pas. Mais en cas de partage des voix, il dispose d’une voix prépondérante. - 18 Verify source ↗
Ubuyobozi Bukuru
AI-assisted research summary: The Chief Executive Officer is appointed by the General Meeting of Shareholders, serves a four-year term renewable once, manages the Fund under Board control, and can be suspended or dismissed for gross misconduct.
Ingingo ya 18: Ubuyobozi Bukuru Article 18: General Management Article 18 : Direction Générale 1. Umuyobozi Mukuru ashyirwaho n’Inama Rusange hakurikijwe amategeko n`amabwiriza abigenga yashyizweho na yo. y’Abanyamigabane, 1. The Chief Executive Officer is appointed by the General Meeting of Shareholders, under the terms and conditions set by it. 1. Le Directeur Général est nommé par l’Assemblée Générale des Actionnaires, selon les conditions et les modalités fixées par celle-ci. 2. Umuyobozi Mukuru atoranywa mu buryo bwo gusimburana kuri uyu murimo n’umwenegihugu wa buri gihugu kigize akarere. 2. The Director General is chosen so as to call in turn to this function a national of each regional member state. 2. Le Directeur Général est choisi de manière à appeler à tour de rôle à cette fonction un 19 3. Umuyobozi Mukuru ashyirwaho mu gihe cy’imyaka ine gishobora kongerwa incuro imwe gusa. Ibisabwa mu gushyiraho no kongera igihe bishingira ku cyemezo gifatwa mu Nama Rusange y’Abanyamigabane. 3. The Chief Executive Officer is appointed for a period of four years’ renewable only once. The conditions of appointment and renewal will be the subject of a decision taken of Shareholders. the General Meeting at 4. Ni we uhagarariye Ikigega mu buryo bwemewe n'amategeko kandi afite uburenganzira bwo gushyira umukono mu izina ry'Ikigega, hakurikijwe amategeko yashyizweho n'Inama y'Ubutegetsi. 4. He is the legal representative of the Fund and has the signature of the Fund, according to the rules set by the Board of Directors. ressortissant de chaque Etat membre régional. 3. Le Directeur Général est nommé pour une durée de quatre ans renouvelable une seule fois. Les conditions de nomination et de renouvellement feront l’objet d’une décision prise des Actionnaires. l’Assemblée Générale à 4. Il est le représentant légal du Fonds et dispose de la signature du Fonds, selon les règles Conseil d’Administration. fixées par le 5. Ashinzwe imicungire y’ Ikigega akagenzurwa n'Inama y'Ubutegetsi. 5. He manages the Fund under the control of the Board of Directors. 5. Il assure la gestion du Fonds sous le contrôle du Conseil d’Administration. 6. Ashinzwe imitunganyirize ya serivisi, gushaka, gushyiraho no kwirukana abakozi, hakurikijwe amabwiriza agenga abakozi. Atanga amabwiriza yo gucunga abakozi. 6. He is responsible for the organization of services, recruitment, appointment and dismissal of staff, in accordance with the staff regulations. He issues the personnel management regulations. 6. Il est responsable de l’organisation des services, du recrutement, de la nomination et du licenciement du personnel, conformément les au statut du personnel. règlements de gestion du personnel. Il édicte 7. Ashobora guhagarikwa n’Inama y’Ubutegetsi Rusange ndetse y’Abanyamigabane, kubera ikosa rikomeye. akirukanwa n’Inama 7. He can be suspended by the Board of Directors and dismissed by the General Meeting gross misconduct. of Shareholders for 7. Il peut être suspendu par le Conseil par et d’Administration l’Assemblée Générale des Actionnaires, pour faute lourde. révoqué 8. Umuyobozi Mukuru n'abakozi, mu mirimo yabo, ntibivanga mu bibazo by'igihugu icyo ari cyo cyose 8. The Director General and the staff, in the exercise of their functions, do not intervene 8. Le Directeur Général et le personnel, dans l’exercice de leurs fonctions, n’interviennent 20 cyangwa ikigo icyo ari cyo cyose kigize Ikigega; bahabwa amabwiriza gusa n'inzego z'Ikigega. in the affairs of any State or of any member institution; they can only receive orders from organs of the Fund. dans les affaires d’aucun Etat ni d’aucune Institution membre ; ils ne peuvent recevoir d’ordre que des organes du Fonds. 9. Buri Munyamuryango w'Ikigega yubaha imiterere mpuzamahanga y'inshingano ziteganywa mu gika cya 7 kandi akirinda igikorwa icyo ari cyo cyose kigamije kugira uruhare mu nshingano z'Umuyobozi Mukuru n'abakozi. 9. Each Member of the Fund will respect the international character of the obligations referred to in paragraph 7 and will refrain from any action aimed at influencing the performance of the duties of the Director General and staff. 9. Chaque Membre du Fonds respectera le caractère international des obligations visées à l’alinéa 7 et s’abstiendra de toute démarche visant à influencer l’exercice des fonctions du Directeur Général et du personnel. INTERURO Y’UMUTUNGO YA IV: INKOMOKO TITLE IV: FUND RESOURCES TITRE IV : RESSOURCES DU FONDS - 19 Verify source ↗
Inkomoko isanzwe
AI-assisted research summary: The Fund’s ordinary resources come from listed sources such as member payments, loans, grants, donations, investment income, and other income from its activities.
Ingingo ya 19: Inkomoko isanzwe Article 19: Regular resources Article 19 : Ressources ordinaires Umutungo usanzwe w'Ikigega ukomoka: The ordinary resources of the Fund come from: ressources ordinaires du Fonds Les proviennent : a) ku misanzu itangwa n’abanyamuryango mu rwego rw’imari yandikishijwe, a) payments from Members for the release of subscribed capital, a) des versements des Membres au titre de la libération du capital souscrit, b) ku nguzanyo, b) loans, b) des emprunts, c) ku nkunga, impano, umurage n'impano, c) grants, donations, legacies and gifts, c) des subventions, dons, legs et libéralités, d) ku mafaranga ava mu ishoramari, d) income from financial investments, d) des produits des financiers, investissements 21 e) ku bihembo by’ Ubwishingire bw’inyandiko no kongera igihe cy’inguzanyo, e) the remuneration of endorsement for guarantee commitments and extension of the credit term, e) de la rémunération des engagements d’aval et d’allongement de la durée du crédit, f) cyangwa izindi nkomoko zose ziva mu bikorwa byacyo. f) or all other resources derived from its activities. f) ou toutes les autres ressources provenant de ses activités. - 20 Verify source ↗
Imitungo yihariye
AI-assisted research summary: The Fund’s special resources belong to third parties and are managed under specific agreements.
Ingingo ya 20: Imitungo yihariye Article 20: Special resources Article 20 : Ressources spéciales Imitungo yihariye y'Ikigega ni uw'izindi mpande kandi ucungwa hashingiwe ku masezerano yihariye. Ushobora guturuka mu nkomoko zitandukanye, harimo: The special resources of the FUND belong to third parties and are managed on the basis of specific agreements. They can come from various origins, including: ressources Les spéciales du FONDS appartiennent à des tiers et sont gérées sur la base d’accords spécifiques. Elles peuvent provenir de diverses origines, notamment : ingwate cyangwa amafaranga y’inyongera, a) yatanzwe n’izindi mpande kandi yakiriwe n’ubuyobozi; a) guarantee or bonus funds, set up by third parties and received under management; a) des fonds de garantie ou de bonification, constitués par des tiers et reçus en gérance ; b) amafaranga n’imfashanyo yakiriwe n’ubuyobozi; ava mu ngwate z’ikigega b) income from guarantee funds and funds received under management; b) des revenus de fonds de garantie et des fonds reçus en gérance ; c) inkunga icungwa mu izina ry'izindi mpande; c) grants managed on behalf of third parties; c) des subventions gérées pour le compte des tiers ; indi nkomoko yose d) z’Ikigega. ihuye n’inshingano d) from any other origin compatible with the mission of the Fund. d) de toute autre origine compatible avec la mission du Fonds. - 21 Verify source ↗
Ikoreshwa ry’umutungo
AI-assisted research summary: The Fund’s ordinary resources must be managed and used according to the Convention, the General Conditions, the Financial Regulations, and other Fund rules.
Ingingo ya 21: Ikoreshwa ry’umutungo Article 21: Use of resources Article 21 : Utilisation des ressources 22 Umutungo usanzwe w'Ikigega ucungwa kandi Amasezerano hakurikijwe ugakoreshwa mpuzamahanga, rusange bikurikizwa ku nshingano, amategeko agenga imari n’andi mategeko agenga Ikigega. ibisabwa muri The ordinary resources of the Fund are managed and used in accordance with the Convention, the General Conditions applicable to commitments, the Financial Regulations and other regulations of the Fund. Les ressources ordinaires du Fonds sont la gérées et utilisées conformément à Convention, aux Conditions générales applicables aux engagements, au Règlement financier et aux autres règlements du Fonds. INTERURO YA V: UBWISHINGIRE BW’INYANDIKO TITLE V: ENDORSEMENT FOR GUARANTEE COMMITMENTS TITRE V : ENGAGEMENTS D’AVAL - 22 Verify source ↗
Ibyishingirwa
AI-assisted research summary: The Fund may guarantee eligible investments against commercial and currency risks.
Ingingo ya 22: Ibyishingirwa Article 22: Risks covered Article 22 : Risques couverts Ikigega gishobora kwishingira ishoramari ryujuje ibisabwa ku ngaruka z’ubucuruzi n’iz’ ifaranga. Fund may guarantee against commercial The investments currency risks. eligible and Le Fonds peut garantir des investissements éligibles contre les risques commerciaux et de change. - 23 Verify source ↗
Abashoramari bujuje ibisabwa
AI-assisted research summary: The FUND may endorse any member state, any part of a member state, and public or private investors from one or more member states.
Ingingo ya 23: Abashoramari bujuje ibisabwa Article 23: Eligible investors Article 23 : Investisseurs éligibles IKIGEGA cyemerera ubwishingire bw’inyandiko ibihugu byose bikigize, agace kose k'igihugu kikigize ndetse n'umushoramari wese wegamiye kuri Leta cyangwa uwigenga wo mu gihugu cyangwa mu bihugu bikigize. The FUND grants its endorsement to any member state, any dismemberment of a member state and any public or private investor from a Member State or from several Member States. Le FONDS accorde son aval à tout Etat membre, à tout démembrement d’un Etat membre et à tout investisseur public ou privé d’un Etat membre ou de plusieurs Etats membres. - 24 Verify source ↗
Ishoramari ryujuje ibisabwa
AI-assisted research summary: The Fund must check an investment’s viability and get adequate counter-guarantees before endorsing a guarantee; the client, State, or institution must budget the annual installment of the guaranteed loan each year.
Ingingo ya 24: Ishoramari ryujuje ibisabwa Article 24: Eligible investments Article 24 : Investissements éligibles 23 1) Ikigega gitanga ubwishingire bw’inyandiko bushyigikira: a) inguzanyo z’igihe gito zigamije guteza imbere ubucuruzi cyangwa umusaruro w’imbere mu gihugu, gushimangira ibigo by’imari byo mu gihugu cyangwa mpuzamahanga, cyane cyane Ibigo by’imari iciriritse, 1) The Fund grants its approval in favor of: 1) Le Fonds accorde son aval en faveur : a) short-term loans aimed at promoting trade or local production, strengthening national or international financial institutions, especially micro-finance organizations, a) des prêts à court terme visant à promouvoir le commerce ou les productions institutions locales, financières nationales ou internationales notamment les organismes de micro- finances, renforcer les à inguzanyo b) ziciriritse n’iz’igihe kirekire hagamijwe gutera inkunga cyangwa kongera gutera inkunga ishoramari ribyara umusaruro mu bikorwa by’inganda hagamijwe guha agaciro umutungo kamere cyangwa gusimbuza ibicuruzwa biva mu mahanga, ubuhinzi, ubworozi, ubucuruzi, ibikorwa remezo, ubukerarugendo n'amahoteli, kimwe n'ibigo bito n'ibiciriritse bitanga ibicuruzwa na serivisi, b) medium and long-term loans for the purpose of refinancing financing or productive investments in the fields of industries for the enhancement of local natural resources or import substitution, , agriculture, animal husbandry, infrastructure, tourism and hotels, as well as small enterprises and medium-sized producing goods and services, trade le ou objet financement les domaines des b) des prêts à moyen et long termes ayant le pour refinancement d’investissements productifs dans industries de valorisation des ressources naturelles locales ou d’import substitution, de l’agriculture, de l’élevage, du commerce, des infrastructures, du tourisme et de l’hôtellerie ainsi que des de et moyennes petites production de biens et de services, entreprises c) umuyoboro w’inguzanyo uhabwa amabanki y'igihugu cyangwa imiryango mpuzamahanga y'imari. c) credit line granted to banks and national or international financial organizations. c) des lignes de crédit consenties à des banques et organismes financiers nationaux ou internationaux. 2. Mbere yo gutanga ubwishingire bw’inyandiko bwacyo, ubuzima bw’ishoramari mu by’ubukungu n’uruhare rwaryo mu iterambere ry’igihugu rikorerwamo, kimenya Ikigega neza the Fund will ensure 2. Before granting its endorsement for guarantee, the economic viability of the investment and its contribution to the development of the host country, 2. Avant d’accorder son aval, le Fonds s’assurera de la viabilité économique de l’investissement et de sa contribution au développement du pays d’accueil, 24 nk'ingwate 3. Mbere yo gutanga ubwishingire bw’inyandiko cyangwa bwacyo y’ishoramari, Ikigega kigomba kwakira, nk'ingwate y’umwenda, n'umukiriya zihagije kandi zimeze neza. y'inguzanyo zitangwa ingwate 3. Before granting its endorsement for guarantee as collateral for a loan or an investment, the Fund must obtain, as a counter-guarantee, the guarantees from the client deemed good and sufficient. 3. Avant d’accorder son aval en garantie d’un emprunt ou d’un investissement, le Fonds doit obtenir, en contre-garantie, les garanties du client jugées bonnes et suffisantes. 4. Umukiriya, Leta cyangwa Ikigo cya Leta cyangwa Ikigo cyigenga, byiyemeza gushyira inyishyu ngarukamwaka y’inguzanyo yishingiwe mu ngengo y’imari yacyo ya buri mwaka. 4. The client, State or public or private institution, must undertake to include the annuity of the guaranteed loan in its budget for each year. 4. Le client, Etat ou Institution publique ou privée, doit s’engager à inscrire l’annuité de l’emprunt garanti, dans son budget de chaque année. Iyo ubwishingire bw’inyandiko 5. bureba inguzanyo cyangwa ishoramari mu karere, bireba igihugu kirenze kimwe cyangwa ibigo byinshi bya Leta cyangwa byigenga, ingwate-ihurizwa hamwe. 5. When the endorsement for guarantee concerns a regional loan or investment, involving more than one State or more than one public or private institution, the counter- guarantee is joint. 5. Lorsque l’aval porte sur un emprunt ou un investissement régional, intéressant plus d’un Etat ou plus d’une Institution publique ou privée, la contre garantie est conjointe. INTERURO YA VI: IBINDI TITLE VI: OTHER COMMITMENTS TITRE VI : AUTRES ENGAGEMENTS - 25 Verify source ↗
Inguzanyo
AI-assisted research summary: The Fund may borrow money if the Board of Directors authorizes it, and Member States that benefit from those borrowing resources must repay promptly.
Ingingo ya 25: Inguzanyo Article 25: Loans Article 25 : Emprunts bwo kugirana 1. Ikigega gihabwa ububasha, byemejwe n’inama amasezerano y’Ubutegetsi, y’inguzanyo hagamijwe gushimangira umutungo usanzwe cyangwa gufasha ibihugu bigize iki Kigega gukora ibikorwa by’iterambere, kimwe ukwacyo cyangwa byishyize hamwe. is empowered, with 1. The Fund the authorization of the Board of Directors, to contract loans with a view to strengthening its ordinary resources or to assisting Member carrying out development States operations, separately or jointly. in 1. Le Fonds est habilité, sur autorisation du Conseil d’Administration, à contracter des emprunts en vue de renforcer ses ressources ordinaires ou d’aider les Etats membres à réaliser des opérations de développement, séparément ou conjointement. 2. Buri gihugu kigize Ikigega, kigenerwa ibikorwa by’inguzanyo y’Ikigega, gisabwa kuyishyura 2. Each Member State, beneficiary of the Fund's borrowing resources, is required to repay it promptly, in order to safeguard the 2. Chaque Etat membre, bénéficiaire de ressources d’emprunt du Fonds, est tenu d’assurer le remboursement avec diligence, 25 bidatinze, kugira ngo Ikigega gikomeze kwizerwa kandi kigumane ubushobozi bwo kuguza. Fund's credibility and maintain its borrowing capacity. afin de sauvegarder la crédibilité du Fonds et de maintenir sa capacité d’emprunt. - 26 Verify source ↗
Inkunga
AI-assisted research summary: The Fund may grant an interest subsidy for eligible loans, within available resources.
Ingingo ya 26: Inkunga r 1. Ikigega mu bushobozi bw’umutungo watanzwe, gishobora koroshya inyungu ku nguzanyo zigamije gutera inkunga ishoramari rifite ubuzima mu by’ubukungu kunguka kwaryo kwaba kutizewe hakurikijwe uburyo bw’inguzanyo. Article 26: Subsidy Article 26 : Bonification 1. The Fund may, within the limits of the resources allocated, grant rate subsidy for the benefit of loans intended to finance economically viable investments whose profitability cannot be ensured under the loan conditions. interest octroyer allouées, 1. Le Fonds peut, dans les limites des ressources des bonifications d’intérêt au profit des prêts destinés au financement des investissements économiquement viables dont la rentabilité ne pourrait être assurée dans les conditions des prêts. 2. Igipimo cy'inyungu itangwa n'Ikigega kigenwa n'Inama y'Ubutegetsi. 2. The rate of interest subsidy granted by the Fund will be determined by the Board of Directors. 2. Le taux de bonification d’intérêt octroyé par le Fonds sera déterminé par le Conseil d’Administration. 3. Inyungu ku nguzanyo iyo ari yo yose yatanzwe itangwa ku buntu, yaba ku mutungo w’Ikigega cyangwa uwihariye. 3. Any interest subsidy is granted free of charge, from own or special funds. 3. Toute bonification d’intérêt est octroyée à titre gracieux, sur des fonds propres ou spéciaux. - 27 Verify source ↗
Kongera igihe cy’inguzanyo
AI-assisted research summary: The Fund may extend credit terms for eligible downstream investments, and the Board of Directors determines the extension period and related amount.
Ingingo ya 27: Kongera igihe cy’inguzanyo Article 27: Extension of the credit term Article 27 : Allongement de la durée de crédit 1.Ikigega gishobora kongera igihe cy’inguzanyo ku nyungu ku bwishingire bw’inyandiko. z’ishoramari ibisabwa ryujuje 1.The Fund may grant credit term extensions for the benefit of eligible downstream investments. 1.Le Fonds peut accorder des allongements de la durée de crédit au profit des investissements éligibles à l’aval. 26 2. Igihe cyo kongerera igihe cy'inguzanyo, hamwe n'amafaranga ajyanye na byo bigenwa n'Inama y'Ubutegetsi. 2. The period of extension of the credit term, as well as the related amount will be determined by the Board of Directors. 2. La période d’allongement de la durée de crédit, ainsi que le montant y afférent seront déterminés par le Conseil d’Administration. 3. Amafaranga yose yatanzwe kugira ngo hongerwe igihe cy’inguzanyo ni avansi yishyuwe kandi arasubizwa. 3. Any amount granted for the extension of is a remunerated and the credit refundable advance. term 4. Buri gihe cy’inguzanyo cyongerewe kijyana na gahunda yo kwishyura, icyakora, igihe cyacyo ntigishobora, kurenze igihe cyongerewe. 4. Each extension of the credit period is accompanied by a repayment schedule, the duration of which may not, in any case, exceed the period of extension granted. 3. Tout montant titre d’allongement de la durée de crédit est une avance rémunérée et remboursable. accordé au d’un assorti 4. Chaque allongement de la durée de crédit est de remboursement dont la durée ne pourra, en aucun cas, être supérieure à la période d’allongement accordée. échéancier - 28 Verify source ↗
Uruhare rw’imigabane
AI-assisted research summary: The Fund may take holdings to promote new or existing businesses, and the Board of Directors sets the rules for acquiring, transferring, and retroceding those holdings.
Ingingo ya 28: Uruhare rw’imigabane Article 28: Equity participation Article 28 : Prise de participation 1. Ikigega gishobora gufata imigabane hagamijwe guteza imbere ishoramari rishya cyangwa guteza imbere ubucuruzi busanzwe. 1. The Fund may take holdings with a view to promoting the creation of new businesses or the development of existing businesses. Inama y'Ubutegetsi ishyiraho amategeko 2. n'amabwiriza ajyanye no kubona imigabane no kwimura ndetse no kwishingira. 2. The Board of Directors will set the terms and conditions relating to the acquisition of holdings and to transfers and retrocessions. 1. Le Fonds peut prendre des participations en vue de favoriser la création de nouvelles développement le entreprises d’entreprises existantes. ou 2. Le Conseil d’Administration fixera les conditions et les modalités relatives aux prises de participations et aux cessions et rétrocessions. INTERURO YA VII: UBUTWERERANE TITLE VII: COOPERATION TITRE VII : COOPERATION - 29 Verify source ↗
Isano ry’ubutwererane
AI-assisted research summary: The Fund must build and maintain cooperative relations with relevant national and international institutions, and each cooperation agreement must be approved by the Board of Directors.
Ingingo ya 29: Isano ry’ubutwererane Article 29: Cooperative Relations Article 29 : Relations de Coopération 27 1. Ikigega gishyiraho, gikomeza kandi giteza imbere isano y’ubutwererane mu bigo byo ku rwego rwego rw’igihugu ndetse n’ibyo ku mpuzamahanga bishobora gutera inkunga cyangwa koroshya irangizwa ry’inshingano zacyo, cyane cyane n’ibindi bigo by’ubwishingizi. international 1. The Fund will establish, maintain and develop cooperative relations with national and to support or facilitate the accomplishment of its mission, in particular with other Guarantee Funds. institutions likely 2. Umubano w’ubutwererane ushyirwaho hashingiwe ku masezerano yunguka ku Kigega no ku bafatanyabikorwa bacyo. Buri masezerano y'ubufatanye yemezwa n'Inama y'Ubutegetsi. 2. Cooperation relations shall be established the basis of mutually beneficial on agreements for the Fund and for its partners. Each cooperation agreement is approved by the Board of Directors. des 1. Le Fonds établira, maintiendra et développera des relations de coopération avec et internationales susceptibles de soutenir ou faciliter l’accomplissement de sa mission, notamment avec d’autres Fonds de garantie. Institutions nationales 2. Les relations de coopération sont établies la base des accords mutuellement sur avantageux pour le Fonds et pour ses partenaires. Chaque accord de coopération est Conseil d’Administration. approuvé par le INTERURO RY’ABIGENGA YA VIII: IGENZURA TITLE VIII: EXTERNAL CONTROL TITRE VIII : CONTROLE EXTERNE - 30 Verify source ↗
Igenzura ry’abigenga
AI-assisted research summary: The Fund’s management and accounts must be externally controlled by an auditor appointed by the General Meeting of Shareholders on the Board of Directors’ recommendation, for a non-renewable three-year term.
Ingingo ya 30. Igenzura ry’abigenga Article 30. External control Article 30. Contrôle externe 1. Igenzura ry’abigenga ry'ibikorwa by'imicungire na konti by'Ikigega bikorwa n'umugenzuzi w'imari, washyizweho n'Inama Rusange y'abanyamigabane mu gihe cy'imyaka itatu idashobora kongerwa, bisabwe n'Inama y'Ubutegetsi. 1. External the Fund's control of management acts and accounts is carried out by an auditor, appointed by the General for a non- Meeting of Shareholders renewable the on recommendation of the Board of Directors. three-year term, 2. Ibihembo by’umugenzuzi wigenga bishyirwaho n’Inama Rusange y’abanyamigabane, bisabwe n’Inama y’ubutegetsi. 2. The fees of the External Auditor are set by the General Meeting of Shareholders, on the recommendation of the Board of Directors. 28 1. Le contrôle externe des actes de gestion et des comptes du Fonds est exercé par un Commissaire aux comptes, nommé par l’Assemblée Générale des Actionnaires pour un mandat de trois ans non renouvelable, sur recommandation Conseil d’Administration. du 2. Les honoraires du Commissaire aux comptes sont fixés par l’Assemblée Générale des Actionnaires, sur recommandation du Conseil d’Administration. INTERURO YA BWIHARIYE N’UBUDAHANGARWA IX: UBURENGANZIRA TITLE IX: IMMUNITIES PRIVILEGES AND TITRE IX IMMUNITES : PRIVILEGES ET - 31 Verify source ↗
Aho bikoreshwa
AI-assisted research summary: The Fund is granted the immunities and privileges set out in the Convention in each Member State.
Ingingo ya 31: Aho bikoreshwa Article 31: Scope Article 31: Champ d’application rwo kwemerera zacyo, Ikigega gukora Mu rwego bwihariye inshingano n’ubudahangarwa aya Masezerano bihabwa Ikigega ku butaka bwa buri gihugu kikigize. uburenganzira biteganywa muri In order to allow the Fund to exercise its missions, the immunities and privileges stipulated in this Convention are granted to it in the territory of each Member State. En vue de permettre au Fonds d’exercer ses missions, les immunités et les privilèges stipulés dans la présente Convention lui sont accordés sur le territoire de chaque Etat membre. - 32 Verify source ↗
Kurengera Abanyamuryango
AI-assisted research summary: Certain fund-related officials, staff, experts, and consultants are exempt from jurisdiction for acts done while performing their functions.
Ingingo ya 32: Kurengera Abanyamuryango n'abakozi b'IKIGEGA Article 32: Protection of Members and staff of the FUND Article 32 : Protection des Membres et du personnel du FONDS 1. Abagize Inama Rusange y’Abanyamigabane, Abayobozi, Umuyobozi Mukuru n’abakozi ndetse n’impuguke n’abajyanama bakora mu izina ry’Ikigega ntibaryozwa ibikorwa byakozwe mu gihe bakoraga imirimo yabo. 1. Members of the General Meeting of Shareholders, Directors, the Chief Executive Officer and staff as well as experts and consultants acting on behalf of the Fund enjoy exemption from jurisdiction for acts performed in the exercise of their function. 1. Les membres de l’Assemblée Générale des Actionnaires, les Administrateurs, le Directeur Général et le personnel ainsi que les experts et les consultants agissant pour le compte du Fonds jouissent de l’exemption de juridiction pour les actes accomplis dans l’exercice de leur fonction. 29 - 33 Verify source ↗
Kurinda ibintu n'umutungo
AI-assisted research summary: The Fund’s property and assets are protected from attachment, opposition, execution, searches, requisitions, confiscation, expropriation, and other seizure measures.
Ingingo ya 33: Kurinda ibintu n'umutungo by'IKIGEGA 1. Ibintu n'umutungo by'Ikigega, aho biri hose ndetse n’ubifite wese, bibujijwe uburyo ubwo ari bwo bwose bwo gufatirwa, gutambamirwa cyangwa kurangirizwa urubanza mbere y’uko ruba itegeko. Article 33: Protection of the assets and property of the FUND . 1. The property and assets of the Fund, wherever they are found and whoever may be the holders, are protected from any form of attachment, opposition or execution before a judgment final be rendered against him. Article 33 : Protection des avoirs et biens du FONDS 1. Les biens et les avoirs du Fonds, en quelque lieu qu’ils se trouvent et quels qu’en soient les détenteurs, sont à l’abri de toute forme de saisie, d’opposition ou d’exécution avant qu’un jugement définitif ne soit rendu contre eux. 2. Ibintu n'umutungo by'Ikigega bisonerwa gusakwa, gufatirwa, kwimurwa kubera inyungu rusange n'ubundi buryo bwose bwo gufatirwa. 2. The property and assets of the Fund shall be exempt from searches, requisitions, confiscations, expropriations and any other form of seizure. 2. Les biens et les avoirs du Fonds sont exemptés de perquisitions, réquisitions, confiscations, expropriations et toute autre forme de saisie. - 34 Verify source ↗
Ishyinguranyandiko
AI-assisted research summary: The Fund’s archives and documents are inviolable in each Member State.
Ingingo ya 34: Ishyinguranyandiko Article 34: Archives Article 34 : Archives Ishyinguranyandiko ry’Ikigega ndetse mu buryo bwa rusange, inyandiko zose zacyo cyangwa izifitwe na cyo ntibivogerwa aho biri hose muri buri gihugu kigize Ikigega. The archives of the Fund and, in general, all documents belonging to or held by him are inviolable wherever they are in each Member State. Les archives du Fonds et, d’une manière générale, tous les documents lui appartenant ou détenus par lui sont inviolables en quelque endroit qu’ils se trouvent dans chaque Etat membre. - 35 Verify source ↗
Itumanaho ryemewe
AI-assisted research summary: Each member state must give the Fund’s official communications the same treatment it gives other governments and diplomatic missions.
Ingingo ya 35: Itumanaho ryemewe Article 35: Official communications Article 35 : Communications officielles Itumanaho ryemewe n’Ikigega muri buri gihugu kigize Ikigega rifatwa kimwe n’iritangwa n’iryo igihugu kigize Ikigega ryemerera ikindi gihugu Official communications from the Fund shall enjoy the same treatment from each member state as that accorded by the government of Les communications officielles du Fonds jouissent de la part de chaque Etat membre du même traitement que celui accordé par le 30 cyose ndetse n’abahagarariye igihugu cyangwa umuryango mpuzamahanga. the member state to any other government and to diplomatic missions. gouvernement de l’Etat membre à tout autre missions gouvernement diplomatiques. aux et - 36 Verify source ↗
Gusonerwa imisoro
AI-assisted research summary: The Fund is exempt from duties and taxes in Member States for its Convention-related income, property, assets, transactions, and operations, and certain payments it makes are also not taxed.
Ingingo ya 36: Gusonerwa imisoro Article 36: Tax exemption Article 36 : Exemption fiscale 1. Ikigega, ibyo cyinjiza, ibintu n’indi mitungo kimwe n’ubucuruzi n’ibikorwa gikora hakurikijwe aya Masezerano, bisonerwa imisoro n’amahoro mu bihugu byose bigize Ikigega. 1. The Fund, its income, property and other assets as well as the transactions and operations which it carries out under the Convention shall be exempt from all duties and taxes in all Member States. 1. Le Fonds, ses revenus, ses biens et autres actifs ainsi que les transactions et opérations qu’il réalise au titre de la Convention sont exonérés de tous droits et taxes dans tous les Etats membres. 2. Nta musoro wakwa ku bihembo Ikigega giha Abagize Inama Rusange y’Abanyamigabane n’Inama y’Ubutegetsi, ndetse n’imishahara, amafaranga n’ibigenerwa Umuyobozi Mukuru n’abakozi bo mu cyiciro cy’abanyamwuga. 2. No tax is levied on the emoluments that the Fund pays to the Members of the General Meeting of Shareholders and of the Board of Directors, as well as on the salaries, wages and allowances paid to the Chief Executive Officer and staff the professional in category. impôt n’est perçu sur les 2. Aucun émoluments que le Fonds verse aux Membres de l’Assemblée Générale des Actionnaires et du Conseil d’Administration, ainsi que sur les traitements, salaires et indemnités versés au Directeur Général et au personnel de la catégorie professionnelle. - 37 Verify source ↗
Ikurikizwa
AI-assisted research summary: This article lets the Fund’s General Meeting of Shareholders or Board of Directors waive immunities and privileges, and lets the Managing Director waive a staff member’s immunity in certain cases.
Ingingo ya 37: Ikurikizwa Article 37: Application Article 37 : Application 1. Uburenganzira bwihariye n’ubudahangarwa muri aya Masezerano bitangwa mu nyungu z’Ikigega. Inama Rusange y’abanyamigabane cyangwa Inama y’Ubutegetsi ishobora, mu gihe cyagenwe, no gusonerwa mu gihe ibona ko icyo cyemezo cyashyigikira inyungu z’Ikigega. ubudahangarwa kuvanaho 1. The immunities and privileges provided for in this Convention are granted in the interest of the Fund. The General Meeting of Shareholders or the Board of Directors may, under the conditions it determines, waive immunities and exemptions in cases where, in its opinion, such decision would favor the interests of the Fund. 31 1. Les immunités et privilèges prévus dans la présente Convention sont accordés dans l’intérêt du Fonds. L’Assemblée Générale Conseil des Actionnaires d’Administration peut, aux conditions qu’il détermine, lever les immunités et exemptions dans les cas où, à son avis, cette décision favoriserait les intérêts du Fonds. ou le 2. Umuyobozi Mukuru w'Ikigega ashobora kuvanaho ubudahangarwa bwahawe umukozi uwo ubudahangarwa ari we wese mu bwabangamira y'ubutabera, inzira cyangwa bwahungabanya inyungu z'Ikigega. gihe isanzwe 2. The Managing Director of the Fund may waive the immunity granted to any staff member in the event that the immunity would interfere with the normal course of justice, or compromise the interests of the Fund. 2. Le Directeur Général du Fonds peut lever l’immunité accordée à tout membre du personnel dans l’immunité entraverait le cours normal de la justice, ou compromettrait les intérêts du Fonds. le cas où, INTERURO Z'INZIBACYUHO YA X: INGINGO TITLE PROVISIONS X: TRANSITIONAL TITRE TRANSITOIRES X : DISPOSITIONS - 38 Verify source ↗
Inzego
AI-assisted research summary: When the Agreement is signed by the Member States, the current Board of Directors becomes the General Meeting of Shareholders, and the current Management Committee becomes the Board of Directors.
Ingingo ya 38: Inzego Article 38: Organs Article 38 : Organes Iyo aya Masezerano amaze gushyirwaho umukono n’ibihugu bigize Ikigega, Inama y’Ubutegetsi iriho Inama Rusange y’abanyamigabane. Buri iba munyamuryango wayo aba umunyamuryango w’Inama Rusange y’Abanyamigabane. Upon signature of this Agreement by the Member States, the current Board of Directors becomes the General Meeting of Shareholders. Each of its members becomes a member of the General Meeting of Shareholders. les Etats membres, Dès la signature de la présente Convention par le Conseil d’Administration actuel devient l’Assemblée Générale des Actionnaires. Chacun de ses membres devient un membre de l’Assemblée Générale des Actionnaires. Komite nyobozi iriho iba Inama y'Ubuyobozi. Buri aba munyamuryango wa Komite Nyobozi Umuyobozi. The current Management Committee becomes the Board of Directors. Each member of the Management Committee becomes a Director. Le Comité de Gestion actuel devient le Conseil d’Administration. Chaque membre du Comité de Gestion devient un Administrateur. - 39 Verify source ↗
Ibyiyemejwe mbere
AI-assisted research summary: The Fund’s earlier commitments stay valid under the related agreements and contracts.
Ingingo ya 39: Ibyiyemejwe mbere Article 39: Previous commitments Article 39 : Engagements antérieurs Ibyo Ikigega cyiyemeje byose mbere bikomeza kugira agaciro, hakurikijwe amasezerano ajyanye na byo. All previous commitments made by the Fund the remain valid, agreements and related contracts. in accordance with Tous les engagements antérieurs pris par le Fonds demeurent valables, conformément aux accords et contrats y afférents. 32 INTERURO YA XI: INGINGO ZISOZA TITLE XI: FINAL PROVISIONS TITRE XI : DISPOSITIONS FINALES - 40 Verify source ↗
Ushinzwe kubika Amasezerano
AI-assisted research summary: The original copy of the Convention is deposited with the Ministry of Foreign Affairs of Benin, and a copy is deposited with the United Nations and the African Union Commission.
Ingingo ya 40: Ushinzwe kubika Amasezerano Article Convention 40: Depositaries of the Article 40 : Dépositaires de la Convention Inyandukuro y'umwimerere y'aya Masezerano ibikwa muri Minisiteri ishinzwe Ububanyi n'Amahanga ya Repubulika ya Bénin. The original copy of this Agreement is deposited with the Ministry in charge of Foreign Affairs of the Republic of Benin. La copie originale de la présente Convention est déposée auprès du Ministère en charge des Affaires Etrangères de la République du Bénin. Inyandukuro ibikwa mu Muryango w’Abibumbye na Komisiyo y’Umuryango w’Ubumwe bwa Afurika. A copy is deposited with the United Nations and the African Union Commission. Une copie est déposée auprès des Nations Unies et de la Commission de l’Union Africaine. Ivugururwa iryo ari ryo ryose ry’aya Masezerano rimenyeshwa Abashinzwe kuyabika. Any amendment to this Convention shall be communicated to the Depositaries. Tout amendement à la présente Convention est communiqué aux Dépositaires. - 41 Verify source ↗
Kwivana mu Masezerano
AI-assisted research summary: A member, state, or institution may withdraw from the Fund if it follows the withdrawal procedures set by the General Meeting of Shareholders.
Ingingo ya 41: Kwivana mu Masezerano k’umunyamuryango Article 41: Withdrawal of a Member Article 41 : Retrait d’un Membre 1. Umunyamuryango wese, igihugu cyangwa Ikigo icyo ari cyo cyose gishobora kwivana mu Kigega kwivanamo hakurikijwe uburyo bwo 1. Any Member, State or Institution may withdraw from the Fund according to the withdrawal procedures set by the General Meeting of Shareholders. 1. Tout Membre, Etat ou Institution, peut se retirer du Fonds selon les procédures de retrait fixées par l’Assemblée Générale des Actionnaires. 33 bwashyizweho y’Abanyamigabane. n’Inama Rusange ifitwe 2. Mu gihe umunyamuryango yivanyemo, kwishyura n’uwo imigabane Ikigega munyamuryango kandi yashyikirijwe hakurikijwe ingingo ya 14 y’Amasezerano bigenda bikorwa buhoro buhoro uko inshingano Ikigega gihe cyihaye Umunyamuryango bireba yari mu bahuriye kuri aya Masezerano. zirangira zigenda mu 2. In the event of the withdrawal of a Member, payment for shares held by that Member and remitted to the Fund in accordance with Article 14 of the Convention will be made progressively as and when the commitments entered into by the Fund during the period when the Member concerned was party to the Convention. 3. Umunyamuryango wivanye mu Kigega akomeza kubahiriza ibyo yiyemeje ku byerekeranye n'Ikigega. shall 3. The Member which withdraws from the Fund the commitments it has entered into with regard to the Fund. remain bound by de la Convention, 2. En cas de retrait d’un Membre, le paiement des actions détenues par ce Membre et remises au Fonds conformément à l’article 14 s’effectuera progressivement au fur et à mesure de l’extinction des engagements souscrits par le Fonds durant la période où le Membre concerné était partie prenante à la Convention. 3. Le Membre qui se retire du Fonds reste lié par les engagements qu’il a souscrits à l’égard du Fonds. - 42 Verify source ↗
Ivugururwa
AI-assisted research summary: The Agreement may be amended or revised by decision of the General Meeting of Shareholders.
Ingingo ya 42: Ivugururwa Article 42: Amendment Article 42 : Amendement Amasezerano ashobora guhindurwa cyangwa kuvugururwa biturutse ku cyemezo cy’Inama Rusange y’Abanyamigabane. The Agreement may be amended or revised by decision of the General Meeting of Shareholders. La Convention peut être amendée ou révisée sur décision de l’Assemblée Générale des Actionnaires. - 43 Verify source ↗
Iseswa
AI-assisted research summary: On dissolution, the Fund’s assets stay unavailable to meet commitments and loan amortization. After all obligations are fully extinguished, the net assets may be distributed among members, transferred to a similar institution, or donated for development or integration projects, according to the General Meeting of Shareholders’ decisions.
Ingingo ya 43: Iseswa Article 43: Dissolution Article 43 : Dissolution 1. Mu gihe habayeho iseswa, umutungo w'Ikigega ntukorwaho kugira ngo wuzuze ibyiyemejwe n’ubwicungure ku nguzanyo zafashwe. 1. In the event of dissolution, the assets of the the Fund remain unavailable commitments the amortization of the loans contracted. to meet and entered into 1. En cas de dissolution, l’actif du Fonds reste indisponible en vue de faire face aux engagements souscrits et à l’amortissement des emprunts contractés. 34 wose umutungo 2. Nyuma yo kurangira burundu kw’inshingano ugabanywa z'Ikigega, abanyamuryango cyangwa ukimurirwa mu kigo gikora nka cyo cyangwa ugatangwaho impano mu mishinga y'iterambere cyangwa yo kwihuza kw'ibihugu bigize Ikigega, hakurikijwe ibyemezo by'Inama Rusange y'abanyamigabane. 2. After the total extinction of the Fund's obligations, the net assets will be the subject of a distribution among the Members or of a transfer to a similar Institution or of a donation in favor of development projects or in integration of accordance with the decisions of the General Meeting of Shareholders. the Member States, 2. Après l’extinction totale des obligations du Fonds, l’actif net fera l’objet d’une répartition entre les Membres ou d’un transfert à une Institution similaire ou d’une donation faveur des projets de développement ou d’intégration des Etats membres, conformément aux décisions de l’Assemblée Générale des Actionnaires. en - 44 Verify source ↗
Gutangira gukurikizwa
AI-assisted research summary: This Convention starts provisionally when the members sign it, and becomes definitive after ratification by two-thirds of the member states.
Ingingo ya 44: Gutangira gukurikizwa Article 44: Entry into force Article 44 : Entrée en vigueur atangira gukurikizwa Aya Masezerano by'agateganyo amaze gushyirwaho umukono n’ibihugu bigize Ikigega, no gukurikizwa bidasubirwaho nyuma yo kwemezwa na 2/3 by’ibihugu bigize Ikigega. Bamaze kwemera ibikubiye muri aya Masezerano, abahagarariye ibihugu bahawe ububasha busesuye bayashyize umukono. This Convention shall enter into force the signature by provisionally upon members, its after ratification by 2/3 of the member states. definitively and In witness whereof, the undersigned, being this duly Convention. authorized, signed have La présente Convention entre en vigueur provisoirement dès sa signature par les membres, et définitivement après sa ratification par les 2/3 des Etats membres. En foi de quoi, les soussignés, dûment autorisés, ont signé la présente Convention. Bikorewe i Cotonou, ku wa 15 Nyakanga 2005 Done in Cotonou, July 15, 2005 Fait à Cotonou, le 15 juillet 2005 35
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CONVENTION ON THE CREATION AND STATUS OF THE AFRICAN FUND FOR GUARANTEE AND ECONOMIC COOPERATION (FAGACE)
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