Interpretation

In this Act“Bank” means the Central Bank of Belize; “commercial purposes” includes for the purposes of any one or more of the following transactions or activities, namely– (a) any contract for the supply of goods or services; (b) any loan or other transaction for the provision of finance and any guarantee or indemnity in respect of any such transaction or of any other financial obligation; and (c) any other transaction or activity (whether of a commercial, industrial, financial, professional or other similar character) entered into or engaged in otherwise than in the exercise of sovereign authority, Immunities) 5 and none of the preceding paragraphs is to be treated as applying to a contract of employment between the Bank and an individual; “foreign State” means any State other than Belize; “infringing proceedings” means proceedings of the type described in section 4(1)(a); “proceedings” includes– (a) any cause, matter, action, suit, proceedings, trial, complaint or inquiry of any kind within the jurisdiction of any court or tribunal, and (b) any proceedings (including any interlocutory proceedings) taken in connection with or incidental to proceedings pending before a court or tribunal.