The African Development Fund (Multilateral Debt Relief Initiative) (Amendment) Order 2017
S.I. 2017/1192 · Made 28 November 2017
International Development
Made 28th November 2017
Coming into force in accordance with Article 1
This Order is made in exercise of the powers conferred by section 11 of the International Development Act 2002f1 (“the Act”).
The African Development Bank referred to in this Order comes within the definition, in section 11(2) of the Act, of a “multilateral development bank”.
In accordance with section 11(4) of the Act, this Order is made with the approval of Treasury. In accordance with section 11(5) of the Act, a draft of this Order has been laid before the House of Commons and approved by resolution of that House.
Accordingly, the Secretary of State for International Development makes the following Order:
Annotations to the whole text
Footnotes
- f1
Contents
1Citation and Commencement
This Order may be cited as the African Development Fund (Multilateral Debt Relief Initiative) (Amendment) Order 2017 and shall come into force on the day after the day on which it is made.
2Amendment to the 2006 Order
In article 3 of the African Development Fund (Multilateral Debt Relief Initiative) Order 2006 for “£262.2 million” substitute “£329.03 million”f1.
Signature
Penny Mordaunt
One of Her Majesty’s Principal Secretaries of State
28th October 2017
We approve,
Mark Spencer
Andrew Griffiths
Two of the Lords Commissioners of Her Majesty’s Treasury
28th November 2017
Explanatory note
(This note is not part of the Order)
This Order amends the African Development Fund (Multilateral Debt Relief Initiative) Order 2006 by increasing the amount that may be paid by the Secretary of State as additional contributions to the African Development Fund from £262.2 million to £329.03 million. The adjusted amount is in accordance with arrangements made with the Fund pursuant to Resolution F/BG/2006/12 adopted by the Board of Governors of the Fund on 18 May 2006.
An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
The provisions of the Resolution mentioned in this Order may be obtained by application to the Department for International Development, 22 Whitehall, London SW1A 2EG.