Purposes

(1) The purposes of the Corporation shall be to expand and strengthen the economy of Belize by providing funding on an economically sustainable and environmentally acceptable basis to those individuals or groups of individuals seeking financing for specifically approved purposes, and who would otherwise 9 be unable to fund their requirements from other sources on reasonable terms and conditions, by, (a) supplying finance, either alone or in association with others, for the development of agriculture, forestry, fishing, industry, agro-industry, tourism, education and housing; (b) providing funding to microfinance entities that are on lending to customers that are within the target group of customers to be served by the Corporation; (c) providing funding to other financial intermediaries on specific prudential terms that serve the purposes of the Corporation as an economical means of serving population segments that are within the target group of customers of the Corporation; (d) facilitating and supporting, separately or collaboratively with others, eligible finance applicants and borrowers in the prudent and successful administration of their businesses and in the structuring and servicing of financial commitments; (e) promoting, advising on and facilitating the provision of long-term capital, both domestic and foreign, for larger entities and projects; and (f) undertaking, promoting and facilitating economic and financial studies as a guide to investment; (g) to perform all the functions required to be performed by the Corporation under the NAS 10 documents or under other pre-existing contractual or other arrangements. (2) The Board may sanction other activities and commitments for the Corporation to engage in, which are conducive to the purposes of the Corporation.