Article 44
(a) The Agency may advance loans to cover any seasonal deficit
in the national budget, provided such loans shall be payable within the
three months immediately following the end of the fiscal year during
which the loans ware granted, and provided also that such loans shall not
exceed 10% of the budget revenues for the preceding year. Such loans
shall bear interest at such rate as shall be determined by the Agency's
Board of Directors. Similar loans may, with the prior approval of the
Minister of Finance, be granted to Government organizations, Government agencies and public authorities.
(b) Without prejudice to the provisions of the preceding paragraph,
the Agency shall have the right to advance to the Government, upon terms
and conditions to be agreed upon, such loans as are necessary to pay
the subscriptions and make other payments resulting from, or necessary
for, the State of Bahrain's membership in any international financial institution, for the State of Bahrain's contribution to any account as a result of such membership, or for the execution of any related transactions or operations.