Permitted Investments of the Fund

(1) The investment strategy of the Fund and all investments of the Fund shall accord in all material respects with the policy set out in the Third Schedule. (2) The investments of the Fund, including cash, shall only be in United States Dollars, Pounds Sterling, Euros or other currencies of comparable stability and convertibility. (3) With the prior approval of the House of Representatives, up to ten per cent of the Fund may be invested in Government of Belize international debt securities investments. 18 Management Fund