TNAG-1489-FCO40-2046-Hong-Kong-and-the-Asian-Development-Bank-1986 — Page 127

ASIAN DEVELOPMENT BANK: UK GUARANTEE OF HONG KONG'S

OBLIGATIONS

NOTES FOR SUPPLEMENTARIES AND WINDING UP

Note No A7

The Bank's basic lending criteria

A bank loan must be for a specific project or purpose in a regional developing member country, be technically and economically sound, and of high priority for

the economic development of that country.

2. The Bank takes account of the relative income and stage of development of the borrower and secures an unconditional "guarantee by the government of the

recipient country.