Annual Report

(1) The Board shall prepare an Annual Report of its activities within six months after the close of each financial year. (2) Without limitation on the discretion of the Board as to matters to be included in the Annual Report, it shall specifically include, (a) a description of the Corporation’s activities during the year under review; (b) a statement of the assistance given by the Corporation to enterprises in the various categories listed in section 4 (a) of this Act; (c) an assessment of the quality of the Corporation’s loan and investment portfolios, and of related provisions and write-offs, and of any risks faced by the Corporation together with comments on provisions to mitigate against serious adverse threats to the Corporation or to the conduct of its business; (d) an assessment of the effect of the Corporation’s activities on the economy of Belize; 29 (e) a description and assessment of the Corporation’s financial and operational performance for the year; (f) information on any studies made under section 4 (d) of this Act; (g) a copy of the audited accounts; (h) specific information disclosures referred to in other sections of this Act. (3) The Annual Report shall be submitted to the Minister of Finance not later than six months after the close of the Corporation’s financial year and shall be laid on the table of the National Assembly. (4) The Annual Report will be issued to the public within one month after it has been presented to the Minister.