Powers

In carrying out its purposes, the Corporation may exercise all or any of the following powers, (a) provide or facilitate the provision of finance in the form of loans, leases, and other products and services that would be appropriate to meet the financial requirements of approved borrowers; (b) borrow funds for the purposes of the business of The Corporation from sources either in Belize or abroad and give security for any loans obtained; (c) invest idle funds and reserves of the Corporation in such securities as will yield competitive returns on acceptable conditions appropriate to the financial needs of the (d) acquire, hold, take or give on lease or hire, mortgage, pledge and sell, or otherwise dispose of, any immovable or movable (e) accept, before the date on which it is due, any payment in respect of a loan granted by the (f) open deposit accounts with any financial institution on competitive terms and conditions; 11 (g) draw, accept, or endorse bills of exchange for the purposes of the business of the (h) give any guarantee or indemnity to, and enter into any arrangements with, the Government, any local authority, or any body corporate or other person, in order to obtain any rights, concessions and privileges that are conducive to any object of the Corporation; (i) make appropriate provision for the welfare of employees of the Corporation and of their dependants through contributions to appropriate and competitive employee benefit plans; and (j) do all such other things as are incidental or conducive to the attainment of its purposes, Provided that in exercising any or all of its powers, the Corporation shall act subject to the approval of the Board, which approval may be given either specifically or in policy or planning guidelines which shall be provided to management prior to making any commitments on behalf of the Corporation