; and (B) such support is likely to be highly developmental or provide developmental benefits to the poorest population of that country. (d) Authorization To make expenditures and commitments The Corporation may make, without regard to fiscal year limitation, such expenditures and commitments as may be necessary using amounts appropriated to the Corporation pursuant to section 9104 of title 31, United States Code, and otherwise in accordance with law. (e) Project-Specific transaction costs not administrative expenses Project-specific transaction costs, including direct and indirect costs incurred in claims settlements, and other direct costs associated with the provision of support to private sector entities and qualifying sovereign entities under title II, shall not be considered administrative expenses for the purposes of this section. 103. Management of Corporation (a) Structure of corporation There shall be in the Corporation a Board of Directors (in this Act referred to as the Board ), a Chief Executive Officer, a Deputy Chief Executive Officer, a Chief Risk Officer, and such other officers as the Board may determine. (b) Board of Directors (1) Duties All powers of the Corporation shall vest in and be exercised by or under the authority of the Board. The Board— (A) shall perform the functions specified to be carried out by the Board in this Act; and (B) may prescribe, amend, and repeal bylaws, rules, regulations, and procedures governing the manner in which the business of the Corporation may be conducted and in which the powers granted to the Corporation by law may be exercised. (2) Membership of Board (A) In general The Board shall consist of— (i) the Chief Executive Officer of the Corporation; (ii) the officers specified in subparagraph (B)